3218 Orchard Manor Cir Louisville, KY 40220

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.