Hurstbourne Ridge Condo with
For Sale
$300,000
3745 Hurstbourne Ridge Blvd, Louisville, KY 40299
Well-maintained condo near shopping, dining, and medical centers.
Property Size2,765 SF
Price / SF$108.50
Days on Market420
Property Features for 3745 Hurstbourne Ridge Blvd
General Information
Standard status
Active
Size
2,765 SF
Property subtype
Condominium
Taxes and HOA fees
Annual Taxes
$5,416
Amenities
Fireplace
Forced Air
Natural Gas
Central Air
Electric
Electricity Connected, Fuel:Natural, Shingle
Building Details
Building Size
2,765 SF
Year Built
1993
Stories
2
Listing Agency:
Keller Williams Realty Louisville Highlands
Listed By:
Scott Breland · License #223472
(502) 727-8573
Source:
Kw
Added: Aug 29, 2025
Changed: Oct 21
Last Checked: Oct 21 at 12:38AM
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 Keller Williams Realty Louisville Highlands
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Investment Insights
Based on property information with market context.
This well-maintained condo in Hurstbourne Ridge features 3 bedrooms and 3 bathrooms. The property is conveniently located minutes from shopping, dining, expressways, and medical centers. The interior features an open, light-filled layout with vaulted ceilings, skylights, and two fireplaces. The primary suite includes a walk-in closet and a spa-style bath with a jetted tub. The fully equipped kitchen and generous secondary bedrooms make it suitable for professionals, small families, or downsizers seeking room to entertain. Community amenities include a clubhouse, swimming pool, and well-kept grounds. A private garage and additional storage are included. The property size is 2765 square feet.
Key Highlights
- Prime Location: Minutes from shopping, dining, expressways, and medical centers.
- Low‑Maintenance Living: Enjoy the condo lifestyle with community amenities and well‑kept grounds.
- Spacious Layout: Featuring 3 bedrooms, 3 baths, an open floor plan, and vaulted ceilings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,281
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,620
$465.6K
Cap Rate 7%
$332,586
$332.6K
Cap Rate 9%
$258,678
$258.7K
Market Conditions
NOI Build-Up for 2,765 SF
Gross rent
$44.8K $16.20/SF
− Vacancy
−$2.5K −$0.89/SF
EGI
$42.3K $15.31/SF
− OpEx
−$19.0K −$6.89/SF
NOI
$23.3K $8.42/SF
Area
ZIP 40299
Vacancy
5.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,620
Cap Rate 7%
$332,586
Cap Rate 9%
$258,678
Alternative Uses
Best Use
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,281 @ 7.0% cap · market cap 7.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.9K
$592.3K – $789.7K
NOI $47,381 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 40299, KY
43,030
Population
17,567
Households
2.4
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
54.0 sq mi
ZIP Area
797
Density / Sq Mi
$85,419
Median Household Income
$50,427
Median Earnings
$1,290
Median Rent
$274,900
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
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained condo near shopping, dining, and medical centers.
Where is this apartment building located?
The property is located at 3745 Hurstbourne Ridge Blvd Louisville, KY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Prime Location: Minutes from shopping, dining, expressways, and medical centers.; Low‑Maintenance Living: Enjoy the condo lifestyle with community amenities and well‑kept grounds.; Spacious Layout: Featuring 3 bedrooms, 3 baths, an open floor plan, and vaulted ceilings.
