Hikes Point Townhomes 10-Units For Sale

This 10 unit townhome opportunity is located in the heart of Hikes Point, one of Louisville’s most stable, infill submarkets. It consists of 10 2br/1.5ba two-story townhouse units.

​​​​​​​The property is separately metered for LG&E with tenants paying for this cost. There is also a flat-fee water charge that tenants pay monthly in addition to the rent. The owner has steadily increased rents, and further upside remains for many units. Ownership has executed a successful interior renovation program across a majority of the units, confirming strong renter demand for upgraded finishes. Renovated units feature LVP flooring, refreshed kitchen finishes, updated bathrooms, and newer appliances, providing a clear, repeatable path for continued value creation through future unit turns.

The property has undergone capital improvements over the past year including new roofs, repaved parking lots, and new private patios enclosures. These units are well-located near shopping and other amenities, and the submarket caters to a high demand for stable rental housing.