72-Unit Apartment
For Sale
Contact for pricing
11238 Professional Park Dr, Louisville, KY 40291
Developed in 2020, the 72-unit community offers a mix of one- and two-bedroom residences with in-unit washer/dryer connections.
Property SizeContact for details
Days on Market123
Property Features for 11238 Professional Park Dr
General Information
Standard status
Active
Property subtype
Multifamily
Listing Agency:
Marcus & Millichap - Indianapolis
Listed By:
Aaron Kuroiwa · License #IN RB17000780
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 12:44PM
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 - Indianapolis
Investment Insights
Based on property information with market context.
Glenmary Pointe Apartments is a 72-unit multifamily community developed in 2020, arranged as nine eight-unit structures. The unit mix includes sixty 2-bedroom, 2-bathroom homes and twelve 1-bedroom, 1-bathroom homes. Interiors feature open floor plans with 9’ ceilings, in-unit washer/dryer connections, electric energy-efficient and stainless-steel appliances, hard surface bar tops, walk-in closets, and custom panel interior doors.
The property is located at 11238 Professional Park Dr in Louisville, Kentucky. In-place averages are reported at $1,268 for 2-bedroom units and $1,078 for 1-bedroom units, compared to comparable averages of $1,482 and $1,164, respectively. The offering materials also describe the potential to convert an office unit into a rentable apartment and to increase other income to comparable averages, based on the property’s newer vintage and stated low-maintenance operating profile.
The property is located at 11238 Professional Park Dr in Louisville, Kentucky. In-place averages are reported at $1,268 for 2-bedroom units and $1,078 for 1-bedroom units, compared to comparable averages of $1,482 and $1,164, respectively. The offering materials also describe the potential to convert an office unit into a rentable apartment and to increase other income to comparable averages, based on the property’s newer vintage and stated low-maintenance operating profile.
Key Highlights
- 72‑unit apartment community developed in 2020 with nine 8‑unit structures.
- Unit mix includes 60 two‑bedroom/two‑bath units and 12 one‑bedroom/one‑bath units.
- In‑unit washer/dryer connections plus energy‑efficient stainless‑steel appliances and walk‑in closets.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 40291, KY
39,719
Population
16,894
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
94%
High-School Grad
22.6 sq mi
ZIP Area
1,757
Density / Sq Mi
$81,576
Median Household Income
$46,186
Median Earnings
$1,161
Median Rent
$264,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Developed in 2020, the 72-unit community offers a mix of one- and two-bedroom residences with in-unit washer/dryer connections.
Where is this apartment building located?
The property is located at 11238 Professional Park Dr Louisville, KY.
What are key features of this property?
This property features: 72‑unit apartment community developed in 2020 with nine 8‑unit structures.; Unit mix includes 60 two‑bedroom/two‑bath units and 12 one‑bedroom/one‑bath units.; In‑unit washer/dryer connections plus energy‑efficient stainless‑steel appliances and walk‑in closets.
