3242 Orchard Manor Cir - Apartments FOR SALE


Louisville, KY 40220- Klondike
$2,550,000 USD
502-442-9397
3242 Orchard Manor Cir, Louisville, KY for Sale
$2,550,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

3242 Orchard Manor Cir
Louisville, KY 40220
Klondike


HIGHLIGHTS

  • New roofs in 2025
  • Resurfaced parking lots 2026
  • W/D hookups in 12 units
  • Highly sought-after area

OVERVIEW

This 24 unit apartment opportunity is located in the heart of Hikes Point, one of Louisville’s most stable, infill submarkets. It consists of Twelve 2br/2ba units and Twelve 1br/1ba units which are located at the end of the street in a peaceful cul-de-sac. ????The property is separately metered for LG&E with tenants paying for this cost. There is also a flat-fee water charge that tenants pay monthly in addition to the rent. Ownership has executed a successful interior renovation program across a majority of the units, confirming strong renter demand for upgraded finishes. Renovated units feature LVP flooring, refreshed kitchen finishes, updated bathrooms, and newer appliances, providing a clear, repeatable path for continued value creation through future unit turns. The property has undergone capital improvements over the past few years including new roofs and repaved parking lots. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing. Please contact Jon Fairfield for more information.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

34

PRICE/UNIT

$75,000

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hikes Point Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

R-7

APN/PARCEL ID

058800460000

ASK ABOUT THIS PROPERTY

Jon FairfieldColliersMore Info
502-442-9397

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Jon FairfieldColliersMore Info
502-442-9397

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.