USAKYLouisvilleHikes Point3218 Orchard Manor Cir
3218 Orchard Manor Cir, Home with 8 bedrooms, 4 bathrooms and null parking in Louisville KY | Image 1
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$415,000

3218 Orchard Manor Cir, Louisville, KY

Real Estate

For Sale

$--,---,---
840
  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3308 sqft
Garage No
Taxes 
Days Active 0
Lot Size 
Approx. Age 1963
Avg. Price Per Sqft $125
MLS® Number 1694466

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Introducing 3218 Orchard Manor Circle, offering a rare chance to acquire a classic 4-unit apartment building in Hikes Point. This well-maintained brick multifamily property combines income potential with long-term growth. The solid brick building features four 2-bedroom, 1-bath units with functional floor plans ideal for stable tenancy and easy management. The timeless exterior and efficient layouts make these buildings both low-maintenance and appealing to renters. Positioned in the east end, one of Louisville's most sought-after markets, these properties benefit from a strong rental demand, community-driven atmosphere, and proximity to major employers, shopping, and parks. Whether you're expanding your real estate portfolio or looking for a strategic foothold in a high-demand area, this is an opportunity you don't want to miss. Current rents are $850/month for each of the units. All units are occupied. Rents are below market for the area and due for another increase at the time of renewal next year. Estimated cap rate at 7% based on current rents and expenses for property taxes, common area electric, water, trash and insurance.Show Description
MLS® Number1694466
Laundry Level
Central VacNo
FireplaceNo
Acreage0
ExteriorNone
GarageNo
Approx. Age1963
Basement
Driveway
Garage Spaces
HeatForced Air, Natural Gas
A/CCentral Air
Heating Fuel

Extras

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