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3229 Orchard Manor Cir
Louisville, KY 40220
Multifamily Property For Sale
·
10 Units
Investment Highlights
- New roofs 2025
- New wood patio enclosures 2026
- Highly sought-after area
- Resurfaced parking lots 2026
- W/D hookups in all units
Executive Summary
This 10 unit townhome opportunity is located in the heart of Hikes Point, one of Louisville’s most stable, infill submarkets. It consists of 10 2br/1.5ba two-story townhouse units.
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. The owner has steadily increased rents, and further upside remains for many units. 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 year including new roofs, repaved parking lots, and new private patios enclosures. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing.
Contact Jon Fairfield for more information.
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. The owner has steadily increased rents, and further upside remains for many units. 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 year including new roofs, repaved parking lots, and new private patios enclosures. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing.
Contact Jon Fairfield for more information.
Property Facts Under Contract
| Price Per Unit | $110,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.59 AC |
| No. Units | 10 | Building Size | 11,552 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Low-Rise | ||
| Zoning | R6-RESIDEN | ||
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.59 AC |
| Building Size | 11,552 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | R6-RESIDEN |
Property Taxes
| Parcel Number | 058800480000 | Improvements Assessment | $1,041,540 |
| Land Assessment | $100,000 | Total Assessment | $1,141,540 |
Property Taxes
Parcel Number
058800480000
Land Assessment
$100,000
Improvements Assessment
$1,041,540
Total Assessment
$1,141,540
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