California Investor Acquires 84-Unit Multifamily Property At 2406 Green Valley Road For $14.1M

The Villas at Green Valley is an 84-unit multifamily property located at 2406 Green Valley Road in New Albany, IN. The property spans 2.19 acres and was sold for $14.1 million, resulting in a price per unit of $167,857. The asset was constructed in 2023, reflecting modern developments in the Louisville-area market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,100,000
• Units: 84
• Price Per Unit: $167,857
• Acres: 2.19
• Brokers: Aaron Kuroiwa & Rogers Kuroiwa - Marcus & Millichap
• Mortgage Broker: Chad O’Connor - Marcus & Millichap
• Buyer: California investor
• Financing: $9.2 million in acquisition financing arranged through Marcus & Millichap Capital Corporation
• Transaction Date: 05/04/2026

The deal was facilitated by Aaron Kuroiwa and Rogers Kuroiwa from Marcus & Millichap, who represented the transaction. The buyer engaged in a 1031 exchange and plans to enhance amenities for the community at the newly acquired property.