Louisville Multifamily Investment
For Sale
Contact for pricing
Pending
3100 Orchard Manor Cir, Louisville, KY 40220
32-unit apartment community with immediate rental upside in Louisville, Kentucky.
Property SizeContact for details
Days on Market193
Property Features for 3100 Orchard Manor Cir
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Building Details
Year Built
1980
Units
32
Listing Agency:
The Kirkland Company
Listed By:
Brian Devlin · License #222755
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Jul 24 at 5:22PM
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 The Kirkland Company
Investment Insights
Based on property information with market context.
Orchard Manor is a 32-unit multifamily community in Louisville, Kentucky, currently 100% occupied. The property offers stable in-place cash flow with potential rental upside. The property features a uniform two-bedroom floorplan averaging approximately 900 square feet. Current average in-place rents are $1,192, compared to recent leases averaging $1,280 and asking rents near $1,300. The asset provides workforce housing demand supported by strong occupancy and predictable operating performance. With minimal deferred capital needs and consistent leasing velocity, new ownership can focus primarily on operational execution and rent normalization. The property’s unit mix and efficient layout create an easily manageable investment suited for both local operators and out-of-market investors seeking reliable yield. Orchard Manor offers a balance of stability and growth with dependable day-one income paired with a clear path to NOI expansion through natural lease rollover. This combination positions the opportunity as an attractive long-term hold or yield-focused acquisition in one of Louisville’s established residential corridors.
Key Highlights
- 100% Occupied Multifamily Community: Provides stable cash flow.
- Immediate Mark‑to‑Market Opportunity: Current rents are below market value.
- Minimal Deferred Capital Needs: Focus on operations, not construction.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 40220, KY
34,315
Population
16,019
Households
2.1
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
4,456
Density / Sq Mi
$73,502
Median Household Income
$47,283
Median Earnings
$1,187
Median Rent
$249,700
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 - 32-unit apartment community with immediate rental upside in Louisville, Kentucky.
Where is this apartment building located?
The property is located at 3100 Orchard Manor Cir Louisville, KY.
What are key features of this property?
This property features: 100% Occupied Multifamily Community: Provides stable cash flow.; Immediate Mark‑to‑Market Opportunity: Current rents are below market value.; Minimal Deferred Capital Needs: Focus on operations, not construction.
