Updated 12-Unit Apartment
For Sale
$850,000
3414 Burkland Blvd, Shepherdsville, KY 40165
Professionally managed property with updated one-bedroom residences and one unit available for showings.
Property Size8,400 SF
Price / SF$101.19
Days on Market139
Property Features for 3414 Burkland Blvd
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Multifamily
Zoning
R2
Units
Unit Mix
12 x 1BR/1BA
Multifamily Units
12
Additional Details
Highway Access
Yes
Amenities
Power
Water
Listing Agency:
PML Real Estate Group LLC
Listed By:
Brian Stocker · License #6689202
(502) 895-9136
Source:
Kcrea.resimplifi
Added: May 29
Changed: Oct 2
Last Checked: Oct 12 at 4:42PM
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 PML Real Estate Group LLC
Investment Insights
Based on property information with market context.
This apartment property includes 12 one-bedroom, one-bathroom units across 8,400 square feet. The residences have been updated, and the property is professionally managed. One unit is vacant and available for showings, while occupied units may be viewed during the due diligence period after an accepted offer.
The property is located at 3414 Burkland Blvd in Shepherdsville, Kentucky, just off I-65. It carries R2 zoning. Rent rolls and financial statements are available upon request, and buyers may include a walk-through contingency with a submitted offer.
The property is located at 3414 Burkland Blvd in Shepherdsville, Kentucky, just off I-65. It carries R2 zoning. Rent rolls and financial statements are available upon request, and buyers may include a walk-through contingency with a submitted offer.
Key Highlights
- 12‑unit apartment property with 1‑bedroom, 1‑bathroom units
- 8,400 square feet of building area
- Updated apartment interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,967
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,340
$1.5M
Cap Rate 7%
$1,085,243
$1.1M
Cap Rate 9%
$844,078
$844.1K
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$146.2K $17.40/SF
− Vacancy
−$8.0K −$0.96/SF
EGI
$138.1K $16.44/SF
− OpEx
−$62.2K −$7.40/SF
NOI
$76.0K $9.04/SF
Area
Bullitt County, KY
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,519,340
Cap Rate 7%
$1,085,243
Cap Rate 9%
$844,078
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$949.6K – $1.27M
NOI $75,967 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $123,960 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
12
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 40165, KY
36,161
Population
15,622
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
113.2 sq mi
ZIP Area
319
Density / Sq Mi
$77,083
Median Household Income
$41,914
Median Earnings
$939
Median Rent
$242,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed property with updated one-bedroom residences and one unit available for showings.
Where is this apartment building located?
The property is located at 3414 Burkland Blvd Shepherdsville, KY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 12‑unit apartment property with 1‑bedroom, 1‑bathroom units; 8,400 square feet of building area; Updated apartment interiors
