Log In/Sign Up
Your email has been sent.
Bon Air Apartments 3201 Commander Dr 28 Unit Apartment Building For Sale Louisville, KY 40220
INVESTMENT HIGHLIGHTS
- Generational Ownership
- East Side of Louisville, KY
- Less Than 10 Minutes From Class A Shopping & Restaurants
- Value Add
- Near Major Employers
EXECUTIVE SUMMARY
Offered Separately, Can Be Bought As A Portfolio - 28 units Bon Air, 43 units Del Rio
Bon Air presents investors with a compelling value-add opportunity in one of Louisville’s most stable and growing submarkets. The property remains largely in their original condition aside from limited turnover updates, allowing new ownership to unlock significant upside through interior modernization and amenity upgrades. Renovations such as updated cabinetry, contemporary flooring, resurfaced countertops, upgraded lighting, and energy-efficient appliances can meaningfully elevate rental income and resident appeal.
Under the same family ownership since original construction, Bon Air have been professionally managed by third-party operators and are positioned for a seamless transition. The properties benefit from proximity to Louisville’s largest employment hubs, including UPS Worldport (24,000 jobs) and Ford’s Louisville Assembly Plant, which recently received a $2 billion investment. Nearby Jeffersontown—home to the 1,800-acre Bluegrass Commerce Park with nearly 38,000 workers—further bolsters consistent tenant demand. Additional growth catalysts such as GE Appliances’ $490 million expansion, the new 1,000-job Norton Children’s campus, and the $400 million renovation of Louisville International Airport reinforce the city’s long-term economic vitality.
Louisville continues to distinguish itself as one of the Midwest’s most dynamic economies, attracting billions in investment and thousands of new jobs across logistics, manufacturing, and healthcare. Bon Air's strategic location—less than 15 minutes from major employers, airports, and premier retail destinations like Mall St. Matthews and Oxmoor Center—positions the assets to capture both current demand and future rent growth. Backed by a diversified employment base and ongoing regional expansion, this offering provides investors an opportunity to acquire well-located, generationally owned assets with substantial operational and value-enhancement potential.
Bon Air presents investors with a compelling value-add opportunity in one of Louisville’s most stable and growing submarkets. The property remains largely in their original condition aside from limited turnover updates, allowing new ownership to unlock significant upside through interior modernization and amenity upgrades. Renovations such as updated cabinetry, contemporary flooring, resurfaced countertops, upgraded lighting, and energy-efficient appliances can meaningfully elevate rental income and resident appeal.
Under the same family ownership since original construction, Bon Air have been professionally managed by third-party operators and are positioned for a seamless transition. The properties benefit from proximity to Louisville’s largest employment hubs, including UPS Worldport (24,000 jobs) and Ford’s Louisville Assembly Plant, which recently received a $2 billion investment. Nearby Jeffersontown—home to the 1,800-acre Bluegrass Commerce Park with nearly 38,000 workers—further bolsters consistent tenant demand. Additional growth catalysts such as GE Appliances’ $490 million expansion, the new 1,000-job Norton Children’s campus, and the $400 million renovation of Louisville International Airport reinforce the city’s long-term economic vitality.
Louisville continues to distinguish itself as one of the Midwest’s most dynamic economies, attracting billions in investment and thousands of new jobs across logistics, manufacturing, and healthcare. Bon Air's strategic location—less than 15 minutes from major employers, airports, and premier retail destinations like Mall St. Matthews and Oxmoor Center—positions the assets to capture both current demand and future rent growth. Backed by a diversified employment base and ongoing regional expansion, this offering provides investors an opportunity to acquire well-located, generationally owned assets with substantial operational and value-enhancement potential.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 28 | Lot Size | 0.74 AC |
| Property Type | Multifamily | Building Size | 20,800 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 20,800 SF |
| No. Stories | 2 |
| Year Built | 1966 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fenced Lot
- Tenant Controlled HVAC
- Online Services
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 700 |
| 2+1 | 8 | - | 850 |
1 1
PROPERTY TAXES
| Parcel Number | 082Y00030000 | Improvements Assessment | $230,540 |
| Land Assessment | $40,000 | Total Assessment | $270,540 |
PROPERTY TAXES
Parcel Number
082Y00030000
Land Assessment
$40,000
Improvements Assessment
$230,540
Total Assessment
$270,540
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Bon Air Apartments | 3201 Commander Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.