Louisville, KY 40220,3218 Orchard Manor Cir
Louisville, KY 40220,3218 Orchard Manor Cir,Video Tour
Louisville, KY 40220,3218 Orchard Manor Cir
Louisville, KY 40220,3218 Orchard Manor Cir
Louisville, KY 40220,3218 Orchard Manor Cir
Louisville, KY 40220,3218 Orchard Manor Cir
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$ 415,000
Est. payment | /mo

8 Beds

4 Baths

3,308 SqFt


$ 415,000
Est. payment | /mo

8 Beds

4 Baths

3,308 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

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. 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.

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

Greater Louisville MLS (Metro Search Inc)
Listed by The Agency Louisville
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(502) 442-1133

tommy@aspirelouisville.com

2420 Lime Kiln Lane - STE E, Louisville, KY, 40222

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3218 Orchard Manor Cir