Marcus & Millichap Sells 24-Unit Silver Creek Apartments In Jeffersontown Kentucky For $4M
9607 Old Six Mile Lane
$4,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 22, 2026
AI
The multifamily asset involved in this transaction is the 24-unit Silver Creek Apartments located at 9607 Old Six Mile Lane in Jeffersontown, KY. The property was sold for a total price of $4,000,000, which translates to approximately $166,667 per unit. The asset, constructed in 2020, encompasses a total area of 25,200 square feet.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 24
- Price Per Unit: $166,667
- Address: 9607 Old Six Mile Lane
- Market: Jeffersontown, KY
- Brokerage Firm: Marcus & Millichap
- Brokers: Tony Rogers, Aaron Kuroiwa, Grant Fitzgerald
- Closing Period: 15 days
The sale was facilitated by Marcus & Millichap, with brokers Tony Rogers and Aaron Kuroiwa marketing the property. The buyer is expanding its portfolio within the Louisville MSA, indicating strategic growth in the region.
Players
Louisville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93