Map of Property

Louisville Multifamily Investment - Hikes Lane Apartments

3202 Hikes Ln, Louisville, KY 40220

  • For Sale $985,000
  • Property Type Multi-Family
  • Property Size 12 SF
  • Units 12
  • Building Class C
  • Year Built 1958
  • Date Updated May 21, 2025
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.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.
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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.

Contacts

broker
Rachel Ridd

SVN | Stone Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    55/100 Somewhat Walkable

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Louisville, KY
  • Neighborhood Klondike
  • Zip Code 40220
  • Market Louisville

Points of Interest

  • Speedway

    0.43 miles

  • Kroger

    0.45 miles

  • Thorntons

    0.52 miles

  • Marathon

    1.17 miles

  • Costco Gasoline

    1.87 miles

  • Tesla Supercharger

    2.11 miles

  • ChargePoint

    5.14 miles

  • Tesla Destination Charger

    6.15 miles

  • LouLift Electric Bus Charger

    6.96 miles

  • Main Entrance to Shelbyville Road Plaza

    2.52 miles

  • Main Exit from Shelbyville Road Plaza

    2.52 miles

  • Visiting parking lot

    2.79 miles

  • Senior Parking lot

    2.89 miles

  • Junior parking lot

    2.90 miles

  • Carrithers Middle School Parking

    3.99 miles

  • Golf Cart Area

    4.17 miles

  • Kroger Parking Lot

    4.84 miles

  • APH Yellow Lot

    5.31 miles

  • Le petit Parking

    5.53 miles

  • Breckinridge Inn

    0.78 miles

  • Extended Stay America - Louisville - Dutchman

    1.07 miles

  • Bashford Manor Bed & Breakfast

    1.57 miles

  • Crossland Economy Studios - Louisville - St. Matthews

    1.57 miles

  • Suburban Extended Stay Hotel East

    1.91 miles

  • Economy Inn

    1.95 miles

  • Hawthorn Suites by Wyndham Louisville East

    1.95 miles

  • Residence Inn Louisville East/Oxmoor

    2.33 miles

  • Hilton Garden Inn Louisville Mall of St. Matthews

    2.33 miles

  • Wingate by Wyndham Louisville Fair and Expo

    2.61 miles

  • Frisch's Big Boy

    0.38 miles

  • Arby's

    0.40 miles

  • Captain D's

    0.40 miles

  • MOD Pizza

    0.43 miles

  • McDonald's

    0.44 miles

  • Ville Tacos

    0.51 miles

  • Shark's Seafood

    0.54 miles

  • Taco Bell

    0.54 miles

  • Asian Moon

    0.56 miles

  • The Wing Zone

    0.56 miles

  • Immaculata Classical Academy

    0.12 miles

  • Klondike School

    0.41 miles

  • Saint Martha Catholic School

    0.86 miles

  • Myers Middle School

    0.88 miles

  • John Paul Academy II

    1.01 miles

  • Greathouse/Shryock Traditional Elementary School

    1.03 miles

  • Goldsmith Elementary School

    1.16 miles

  • Seneca High School MCA

    1.22 miles

  • Binet School

    1.25 miles

  • Saint Pauls Episcopal Church Preschool

    1.51 miles

  • Brilliant Minds Academy

    1.70 miles

  • Cornerstone Child Development Center

    2.60 miles

  • Sproutlings Pediatric Day Care & Preschool

    3.20 miles

  • Lost Child Area

    4.02 miles

  • Kiddo

    4.04 miles

  • Bluegrass Childcare

    4.10 miles

  • Kiddie Kampus Day Care

    4.38 miles

  • Discovery Daycare

    5.99 miles

  • Walkins Preschool

    6.17 miles

  • Rise and Shine Child Care Center

    6.43 miles

Frequently Asked Questions

How much does Louisville Multifamily Investment - Hikes Lane Apartments cost?

The space currently listed for sale at Louisville Multifamily Investment - Hikes Lane Apartments asks for $985,000.

What is the total square footage of Louisville Multifamily Investment - Hikes Lane Apartments?

Louisville Multifamily Investment - Hikes Lane Apartments totals 12 square feet.

When was this property built?

Louisville Multifamily Investment - Hikes Lane Apartments was built in 1958.

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Contact Listing Broker
broker
Rachel Ridd

SVN | Stone Commercial Real Estate

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