Five-Unit Apartment
New
For Sale
$369,000
2851 Hikes Ln, Louisville, KY 40218
Multi Family, Louisville, KY
Property Size6,381 SF
Price / SF$57.83
Days on Market3
Property Features for 2851 Hikes Ln
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 4, Basement, Bathroom 3, Bedroom 7, Bathroom 6, Bedroom 8, Bathroom 5, Bathroom 2, Bedroom 3
Patio and Porch features
Deck, Porch
Exterior features
Balcony
Subdivision
HIKES POINT
Lot features
Easement, Flood Insurance Req, Sidewalk
Directions
Hikes Ln. between Stanton Blvd. and Greenwich Rd.
Standard status
Active
APN
14082G00130000
Size
6,381 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Water front features
Creek
Water front
1
Building Details
Year built
1963
Number of units
5
Building materials
Wood Frame, Brick Veneer
Roof type
Asphalt
Architectural style
Contemporary
Listing Agency:
Kentucky Select Properties
(502) 271-5000
Listed By:
Clayton Gentile
(502) 386-6660
Added: Sep 3
Changed: Sep 4
Last Checked: Sep 5 at 9:06AM
MLS# 1728247
Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,381-square-foot apartment building contains five residences with a varied layout. Unit A is a main-floor three-bedroom, two-bath apartment, while Unit B is a lower-level walkout with two bedrooms and one bath. Unit C is a main-floor studio with a loft sleeping area. Units D and E each have one bedroom and one bath, with Unit E also providing a bonus sleeping or flex loft. Four units include ensuite laundry, and each residence is separately metered, heated, and cooled.
The property is located on Hikes Lane in Louisville, near TARC stops and major shopping. Tenant parking is available off street on a first-come, first-served basis. The owner covers water and the electric serving common hallways and exterior lighting. The 1963 building has wood-frame and brick-veneer construction, public water and sewer, forced-air heating, window or wall/window cooling, a deck, porch, balcony, and creek frontage.
The property is located on Hikes Lane in Louisville, near TARC stops and major shopping. Tenant parking is available off street on a first-come, first-served basis. The owner covers water and the electric serving common hallways and exterior lighting. The 1963 building has wood-frame and brick-veneer construction, public water and sewer, forced-air heating, window or wall/window cooling, a deck, porch, balcony, and creek frontage.
Key Highlights
- Five‑unit apartment building with 6,381 square feet
- Unit mix includes 3‑bedroom, 2‑bedroom, studio, and 1‑bedroom residences
- All units are separately metered, heated, and cooled
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Individually metered apartments offer separate heating and cooling, with tenant parking and in-unit laundry in four residences.
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: Five‑unit apartment building with 6,381 square feet; Unit mix includes 3‑bedroom, 2‑bedroom, studio, and 1‑bedroom residences; All units are separately metered, heated, and cooled
