St. Matts 66 Unit Multifamily Portfolio 4 Multifamily Properties in Louisville, KY

Hoagland Commercial is pleased to present a rare opportunity to acquire a 66-unit multifamily portfolio comprised of four strategically located properties in the heart of St. Matthews, one of Louisville’s most desirable and supply-constrained multifamily submarkets.
The portfolio offers a compelling value-add investment opportunity with multiple avenues for near-term NOI growth and long-term value creation. Current ownership has completed meaningful unit turns across a majority of the vacant units, along with select common area and exterior improvements, positioning a new owner to capitalize on lease-up and rent growth with limited near-term capital requirements.
With 11 of the 66 units currently vacant (17%), the portfolio provides an immediate opportunity to capture additional income through lease-up. The investment also presents a significant mark-to-market opportunity, with blended in-place rents approximately 28% below current market rents and approximately 20% below the high-water mark at the individual properties. Combined, the existing vacancy and substantial rental rate discount provide a clear path to meaningful NOI growth and enhanced asset value.
Properties may be purchased individually or as a portfolio.
Please contact the Listing Agents for additional details.
Properties:
Plymouth Village Apartments (24 Units; 2BR / 1.5BA) - 610-620 Breckenridge Lane
Church Way Apartments (17 Units; 1BR / 1BA) - 4219-4221 N. Church way
Grandview Apartments (17 Units; 2BR / 1BA) - 3815 Grandview Avenue
Nanz Avenue Apartments (8 Units; 2BR / 1BA) - 3814-3816 Nanz Avenue