The Lofts at Ormsby 128 Units | 7% Cap Rate on Stabilized Financials Old Louisville | Urban Core | $3M+ in Recent Capital Improvements Located in the heart of the historic Old Louisville, The Lofts at Ormsby is a rare opportunity to own a stabilized, upgraded, and highly sought-after 128-unit mid-rise multifamily asset. Nestled just steps from Central Park and the University of Louisville, this seven-story community at 512 W Ormsby Avenue blends historic character with modern living. The unit mix features studio and one-bedroom apartments—well-suited for professionals, students, and urban renters alike. The property has undergone over $3 million in capital improvements, including a new roof, replacement of both elevators, new boilers, and a renovated penthouse in 2022. Residents enjoy a wide array of updated amenities: • Heated swimming pool • Fitness center and recreation room • High-speed internet • Secure gated access and entryways • Business center and study areas • Private, gated parking on a second deeded parcel (43 spaces) • Bike storage and more The property’s timeless appeal and proximity to top Louisville institutions make it a high-demand, low-vacancy investment. With a 7% cap rate on stabilized financials, The Lofts at Ormsby offers investors a turnkey asset in one of the city’s most architecturally unique and desirable neighborhoods.