KY > Louisville > Hikes Point
Louisville, KY 40220,3218 Orchard Manor Cir
Louisville, KY 40220,3218 Orchard Manor Cir,Video Tour
Louisville, KY 40220,3218 Orchard Manor Cir
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Shawne Mardis

Shawne Mardis

+1(502) 649-6720
$415,000
Est. payment /mo
8 Beds
4 Baths
3,308 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,308 sqft

Price per Sqft $125

Subdivision Hikes Point

MLS Listing ID 1694466

Style Traditional

Bedrooms 8

HOA Y/N No

Abv Grd Liv Area 3,308

Year Built 1963

Property Sub-Type Quadruplex

Source Metro Search (Greater Louisville Association of REALTORS®)

Land Area 3308

Property 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 and on month-to-month leases that were renewed July 1, 2025. Current NOI is $29,159 with a cap rate of 7.04%. With projected rents of of $1,000 per unit per month the projected NOI is $34,895 with a 8.76% cap rate. NOI includes the expenses for pest control, property taxes, common area electric, water, trash and insurance. This property can be sold in a pack with 4204 & 4210 Billtown Rd for a total of 12 units with projected cash flow of $144,000, projected NOI of $109,104 and a combined projected cap rate of 8.76%. Income Statement, Rent Roll and list of Improvements is available.

Location

State KY

County Jefferson

Direction Hikes Lane to Clingstone Way to Orchard Manor Circle. Between Furman Lane and Breckinridge Lane.

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Exterior Feature None

View Y/N No

Roof Type Shingle

Garage No

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

Structure Type Wood Frame,Brick Veneer

Others

Virtual Tour https://my.matterport.com/show/?m=gBYyJpZ1RED

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Greater Louisville MLS (Metro Search Inc)
Copyright 2025 Metro Search, Inc.
Listed by The Agency Louisville
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"I have spent nearly 2 decades becoming an expert in Southern Indiana market trends and influences. Now, I'll put my considerable market background to work for you, helping you to identify the best deals, and price your home accurately to assure a quick sale, while maximizing profit. "

+1(502) 649-6720

smardis@movingwithmardis.com

8610 Chapel Hill Court, Charlestown, Indiana, 47130, USA

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