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Keeping it not directly against walls or elevated on some feet help some of the bass that travels to the walls of other tenants/family members.
I have this amp. I fucking love it to death. It has the sickest metal tone, and I've tried a few amps and none have the tone the peavey does.
I will say though, it's really loud. Anything over 1.5 on the post lead channel and you will most likely go partially deaf if you are standing in front of the amp for an extended period of time. ITS LOUD. I played it on 2.5 in my basement and it was so loud. I can't imagine it being on 5 or 6, and apparently, the higher the volume, the better the sound on this amp.
If you play this amp in a really open area, where the sound has lots of room to bounce of walls and what not, the highs are going to sound shitty. I experienced that when playing in my living room which is practically completely empty and has hardwood floors. I have since brought it up to my room, which is MUCH smaller, and this amp does wonders for me. I don't think I'll ever upgrade. I just need to get some effect like an axe-fx or podHD or something like that, and I'll be set for sure.
Buy the amp, you'll love it.
Also, I'm going to have to disagree with everyone saying the cleans aren't great. I use the cleans fairly often and I love the tone.
Well, when you go below 1 on the post, it pretty much jumps from loud to pretty quiet. You can get a level between that, but it's super sensitive and easy to miss. You would have to VERY lightly turn the knob to get your desired volume, anything less then 1. That being said, hell yeah, the tone is always tight on this amp, even at low volumes. Like i said though, the louder you get the cleaner and tighter the gain sounds.