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Preston Gardens Multifamily Community
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11011 Preston Gardens Ct, Louisville, KY 40229

96-unit Class A multifamily community in Louisville, Kentucky.

Property Size134,481 SF
Days on Market159

Property Features for 11011 Preston Gardens Ct

General Information

Standard status Active
Size 134,481 SF
Class B
Property subtype Multifamily
Zoning R7

Building Details

Year Built 2014
Listing Agency: Marcus & Millichap - Louisville
Listed By: David Badgett · License #215224
Source: Crexi
Added: Mar 18 Changed: Aug 8 Last Checked: Aug 8 at 2:49PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Louisville

Investment Insights

Based on property information with market context.

Preston Gardens Apartments, a 96-unit Class A multifamily community, is located at 11011 Preston Gardens Court in Louisville, Kentucky. The property is positioned in southern Louisville off Preston Highway, between a Kroger-anchored shopping center and Blue Lick Optimist Park. This location provides residents access to grocery stores, dining, and retail amenities, while maintaining a residential environment. The property consists of one- and two-bedroom floor plans ranging from 754 to 1,131 square feet. Each unit includes nine-foot ceilings, walk-in closets, separate laundry rooms, and private balconies or patios. On-site amenities include a fitness center, a dog park, and detached enclosed garages available for rent. The property is located in a rental market with housing demand. The property's location, amenities, and unit features position it for occupancy and investment growth. The property size is 134,481 square feet.

Key Highlights

  • Class A multifamily community with 96 units built in 2014.
  • Spacious one- and two‑bedroom floor plans ranging from 754 to 1,131 square feet.
  • Ideally located off Preston Highway, near a Kroger‑anchored shopping center and Blue Lick Optimist Park.

Property Analytics

Current Use

Preston Gardens Apartments Apartment Building

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

430
Businesses Nearby

Demographics for 40229, KY

39,380
Population
15,772
Households
2.5
Avg Household Size
37
Median Age
24%
College-Educated
89%
High-School Grad
17.5 sq mi
ZIP Area
2,250
Density / Sq Mi
$78,877
Median Household Income
$42,782
Median Earnings
$1,294
Median Rent
$197,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 96-unit Class A multifamily community in Louisville, Kentucky.
Where is this apartment building located?
The property is located at 11011 Preston Gardens Ct Louisville, KY.
What are key features of this property?
This property features: Class A multifamily community with 96 units built in 2014.; Spacious one- and two‑bedroom floor plans ranging from 754 to 1,131 square feet.; Ideally located off Preston Highway, near a Kroger‑anchored shopping center and Blue Lick Optimist Park.
(502) 329-5900 Call to check price and availability
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