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Clearwater Farm Apartment Community
For Sale
Contact for pricing
Pending

5401 Lowerfield Drive, Louisville, KY 40219

Class A apartment community in Louisville’s southeastern quadrant, completed in 2007/2008.

Property SizeContact for details
Days on Market46

Property Features for 5401 Lowerfield Drive

General Information

Standard status Pending
Class Class A
Property subtype Multifamily

Additional Details

Multifamily Units 472
Listing Agency: Miller Frishman Group
Listed By: Andrew Miller · License #CO 238981
Source: Crexi
Added: Jul 21 Changed: Aug 30 Last Checked: Aug 30 at 5:24PM

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 Miller Frishman Group

Investment Insights

Based on property information with market context.

Clearwater Farm Apartments is a 472-unit Class A apartment property at 5401 Lowerfield Drive in Louisville, Kentucky. The community was developed in 2007/2008 and is positioned in the city’s southeastern quadrant, serving the surrounding population and local employment base.

Louisville’s employment context includes UPS WorldPort, Humana, Norton, KentuckyOne, GE Appliance Park, and two Ford Motor Company assembly plants. The city also benefits from a diversified economy, central regional location, riverfront setting, and consolidated city-county government.

Key Highlights

  • 472‑unit Class A apartment community
  • Completed in 2007/2008
  • Located at 5401 Lowerfield Drive, Louisville, KY 40219

Property Analytics

Current Use

Clearwater Farm Apartment Complex

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Computer & Electronic Repair

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

Lease Details

472
Residential units

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby

Demographics for 40219, KY

40,300
Population
16,699
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
14.9 sq mi
ZIP Area
2,705
Density / Sq Mi
$52,271
Median Household Income
$37,108
Median Earnings
$967
Median Rent
$186,000
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 - Class A apartment community in Louisville’s southeastern quadrant, completed in 2007/2008.
Where is this apartment building located?
The property is located at 5401 Lowerfield Drive Louisville, KY.
What are key features of this property?
This property features: 472‑unit Class A apartment community; Completed in 2007/2008; Located at 5401 Lowerfield Drive, Louisville, KY 40219
More about this property
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