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136 Lawson LnLouisville, KY 40214
Iroquois Green
Asset ClassMultifamily
# Units72
Year Built: 1971AVG In Place Rent: $750 / SFAccess Data Room
Value-Add Opportunity in Louisville, KY
overview of deal

Overview

Iroquois Green is a 72-unit apartment community located at 136 Lawson Lane in Louisville, Kentucky, offering investors the opportunity to acquire a well-maintained asset with long-term ownership history and operational upside. The property consists entirely of 1-bedroom units averaging 600 square feet and is currently operating at approximately 96% occupancy with average asking rents around $775. New ownership can implement a targeted value-add strategy through interior upgrades, professional third-party management, and amenity enhancements to improve resident appeal and drive rent growth.

 

The community is positioned within a highly durable employment corridor near UPS Worldport, major healthcare systems, and Louisville’s manufacturing and logistics hubs, providing a stable renter base supported by thousands of nearby jobs and ongoing economic investment. Additional regional growth drivers—including major corporate expansions and infrastructure improvements—support long-term housing demand, while the property’s proximity to Iroquois Park and key retail corridors enhances livability and tenant retention. Altogether, Iroquois Green presents a classic workforce housing investment combining dependable in-place cash flow with clear pathways to increased revenue and long-term value creation.

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Investment Highlights

MKT Rent
$775
AVG SF
600
Occupancy
95.83%

Value-Add Opportunity: Iroquois Green presents new ownership with the ability to execute a value-add strategy that enhances both operational performance and long-term asset value.

  • Interior upgrades may include new flooring, appliances, resurfaced countertops, updated lighting, modern fixtures, and fresh paint.
  • These improvements position the community for meaningful rent growth and increased resident appeal.

Owner Managed Asset: The property is currently self-managed, offering a clear opportunity for professional third-party management to create efficiencies and elevate performance.

 

Generational Ownership: Iroquois Green has been owned and maintained by the same ownership group for over 30 years.

  • This stable ownership history underscores strong asset care and operational consistency.
  • The offering represents a rare opportunity to acquire a well-cared-for asset with clear upside potential.

Ability to Enhance Amenities: The property currently offers limited resident amenities, creating a value-enhancement opportunity.

  • Open green space, especially in the southwestern corner, can be activated for new community amenities to elevate resident satisfaction and drive retention.

10 Minutes to UPS Worldport – 25,090,000 Jobs: Iroquois Green is located less than 10 minutes from UPS Worldport, the largest fully automated package-handling facility in the world.

  • The hub employs 25,090 workers and serves as a major economic driver for Louisville and the surrounding area.
  • Its proximity reinforces the property’s appeal to a stable, blue-collar tenant base.

Access to Louisville’s Leading Industrial & Logistics Hub: Located under 15 minutes away, the 2,000-acre Louisville Riverport Authority is one of the region’s most important economic centers.

  • The Riverport is home to 120+ companies employing over 6,500 workers across logistics, manufacturing, and distribution sectors.
  • This employment cluster supports sustained demand for nearby housing.

$2 Billion Ford Investment: Ford recently committed $2 billion to expanding its Louisville Assembly Plant, reinforcing its long-term presence in the market.

  • Ford is Louisville’s largest manufacturing employer with over 13,000 local jobs.
  • The company has invested more than $7 billion in the city to date, underscoring regional economic stability.

Major Louisville Employers: Louisville benefits from a robust and diverse employment base supported by numerous large employers.

  • UPS (25,090 jobs)
  • Norton Healthcare (16,785 jobs)
  • UofL Health (14,654 jobs)
  • Ford Motor Co. (13,020 jobs)
  • Humana (10,000 jobs)
  • GE Appliances (8,400 jobs)
  • Amazon (5,700 jobs)
  • These major employers provide a strong foundation for rental demand and economic resiliency.

UNIT BREAKDOWN

UNITS
UNIT SQ. FT.
TOTAL SQ. FT.
1BD/1BA
72
600
43,200
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136 Lawson LnLouisville, KY 40214

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