Louisville Multifamily Investment - Hikes Lane Apartments

Highlights:

• 12 one-bedroom, one-bath units located in Louisville’s Klondike neighborhood.
• Current average rent is $791 with market rent estimated at $950.
• Consistently high occupancy with stable cash flow.
• Just 11 miles from Downtown Louisville with easy access to retail and transit.
• Opportunity to increase rents through light unit upgrades.
• Quiet, residential setting near parks and shopping centers.

Description:

SVN Stone Commercial Real Estate is pleased to present this 12-unit multifamily investment opportunity located at 3200 and 3202 Hikes Lane in Louisville, Kentucky. Situated in the established Klondike neighborhood, this two-building portfolio offers one-bedroom, one-bathroom units with stable occupancy and significant value-add potential.

Current average in-place rents are $791, with market rents estimated at $950, providing immediate upside for investors through strategic lease-up and improvements. The Klondike area features tree-lined streets, a quiet residential feel, and proximity to major retail corridors, offering tenants both tranquility and convenience.

Positioned just 11 miles southeast of downtown Louisville, the properties are ideally located for workforce housing and long-term tenant retention. This is a rare chance to acquire a well-located, cash-flowing asset in one of Louisville’s steady rental submarkets.

Located in Kentucky’s largest city, this multifamily property benefits from all that Louisville has to offer—strong job growth, a diverse economy, and a high quality of life. Louisville is home to major employers in healthcare, logistics, and manufacturing, including UPS Worldport, Norton Healthcare, and Ford. The city’s strategic location along the I-65 corridor and proximity to multiple interstates makes it a regional hub for commerce and transportation.

The property sits just 11 miles southeast of downtown, offering residents a peaceful, residential setting with easy access to the city's vibrant core. Tenants are minutes from major retail corridors, parks, and public transportation—making it an ideal spot for long-term rental demand.

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