5-Unit Apartment
For Sale
$369,000
Pending
2851 Hikes Ln, Louisville, KY 40218
Updated multifamily property with separately metered systems, varied unit layouts, and tenant off-street parking.
Property Size6,381 SF
Days on Market47
Property Features for 2851 Hikes Ln
General Information
Standard status
Pending
Size
6,381 SF
Property subtype
Multi-Family
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 1 x studio, 1 x 1BR/1BA, 1 x 1BR/1BA + loft
Multifamily Units
5
Building Details
Year Built
1963
Buildings
1
Listing Agency:
RE/MAX Premier Properties
Listed By:
Kyle Elmore · License #262211
(502) 389-9920
Source:
Whitepicketky
Added: Sep 6
Changed: Oct 21
Last Checked: Oct 20 at 8:49PM
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 RE/MAX Premier Properties
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Investment Insights
Based on property information with market context.
This 6,381-square-foot apartment building in Louisville was constructed in 1963 and has undergone extensive renovations and updates. The five-unit configuration includes a three-bedroom, two-bath main-floor residence; a two-bedroom, one-bath lower-level walkout; a main-floor studio with loft sleeping area; and two one-bedroom units, one of which includes a bonus sleeping or flex loft. Each apartment has separate heating, cooling, and utility metering, while all but the studio include ensuite laundry. Tenants have access to off-street parking on a first-come, first-served basis.
Located on Hikes Lane in Hikes Point, the property is near TARC stops and shopping. The owner covers water service and electricity for common hallways and exterior lighting. Professional management is in place.
Located on Hikes Lane in Hikes Point, the property is near TARC stops and shopping. The owner covers water service and electricity for common hallways and exterior lighting. Professional management is in place.
Key Highlights
- 5‑unit apartment building with a 6,381‑square‑foot footprint
- Unit mix includes 3‑bedroom, 2‑bedroom, studio, and 1‑bedroom apartments
- All units are separately metered, heated, and cooled
Property Analytics
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Lease Details
5
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Explore this area
Business Placement
Demographics for 40218, KY
33,437
Population
14,697
Households
2.3
Avg Household Size
36
Median Age
29%
College-Educated
89%
High-School Grad
9.0 sq mi
ZIP Area
3,715
Density / Sq Mi
$56,191
Median Household Income
$35,784
Median Earnings
$1,059
Median Rent
$195,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with separately metered systems, varied unit layouts, and tenant off-street parking.
Where is this apartment building located?
The property is located at 2851 Hikes Ln Louisville, KY.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 5‑unit apartment building with a 6,381‑square‑foot footprint; Unit mix includes 3‑bedroom, 2‑bedroom, studio, and 1‑bedroom apartments; All units are separately metered, heated, and cooled
