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Investment Highlights

  • Professionally renovated apartments with modern upgrades completed in most units.
  • Adjacent to a major industrial park and close to Louisville’s prominent employment hubs, ensuring strong tenant demand.
  • Parking area recently upgraded to enhance safety and overall property appeal.
  • All 16 apartments are individually metered for gas and electric, reducing common utility expenses.
  • Located within a quiet, established residential neighborhood, blending proximity to jobs with a comfortable living environment.

Executive Summary

This well-positioned 16-unit multifamily property is located in a mature, stable South Louisville neighborhood, offering both immediate income and long-term upside.The property includes extensive renovations in most apartments and an upgraded parking lot. Each of the spacious 1-bedroom, 1-bathroom units is individually metered for gas and electric, providing efficient utility management. On-site laundry facilities add convenience for residents and additional revenue.Ideally situated adjacent to a large industrial park and near major employment centers, this property caters perfectly to the workforce housing segment — a consistently strong performer in the Louisville market. The community also borders a quiet single-family neighborhood, offering tenants a comfortable residential environment. With steady demand for workforce housing and continued rent growth across the market, investors can expect high occupancy and reliable cash flow.
The information in this listing was obtained from sources deemed to be reliable. The broker does not warrant or represent any information provided.

Property Facts

Price $1,581,011 CAD
Price Per Unit $98,813 CAD
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.51 AC
Building Size 11,988 SF
No. Stories 2
Year Built 1950
Parking Ratio 2.09/1,000 SF
Cross Streets National Turnpike
Zoning R7 - Multifamily Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Clubhouse
  • Picnic Area
  • Tenant Controlled HVAC
  • Grill
  • Smoke Free
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 8 - 600
1+1 8 - 750
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
139303160000
Land Assessment
$222,384 CAD
Improvements Assessment
$1,078,312 CAD
Total Assessment
$1,300,696 CAD
  • Listing ID: 40334886

  • Date on Market: 2026-04-29

  • Last Updated:

  • Address: 7602-7604 Garrison Rd, Louisville, KY 40214

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