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15-Unit Apartment Building
For Sale
$1,495,000

401 407 415 Kensington Dr, Clarksville, IN 47129

Condominium apartment property with renovated interiors and convenient access to Interstate 65.

Property SizeContact for details
Days on Market169

Property Features for 401 407 415 Kensington Dr

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 15

Taxes and HOA fees

Annual Taxes $20,172

Amenities

3
Listing Agency: Keller Williams Realty Consultants
Listed By: Todd Paxton · License #RB14033891
Source: Xome
Added: Mar 19 Changed: Sep 2 Last Checked: Sep 2 at 1:54PM

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 Consultants

Investment Insights

Based on property information with market context.

The Kensington Drive Apartments comprise 15 condominium apartment units at 401, 407, and 415 Kensington Drive in Clarksville, Indiana. Most units have received extensive interior renovations within the past 3 years, providing updated residential improvements across much of the property.

The apartments are located off Eastern Boulevard, approximately one-third mile from Lewis & Clark Parkway and less than one mile from Interstate 65. The property is within the Louisville, KY MSA and offers regional connectivity through its proximity to the interstate network. The asset consists of condominium apartment units positioned for multifamily ownership and operation.

Key Highlights

  • 15 condominium apartment units across 401, 407, and 415 Kensington Drive
  • Most units extensively renovated within the past 3 years
  • Located off Eastern Boulevard in Clarksville, Indiana

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Electrical Service Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

657
Businesses Nearby

Demographics for 47129, IN

19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Condominium apartment property with renovated interiors and convenient access to Interstate 65.
Where is this apartment building located?
The property is located at 401 407 415 Kensington Dr Clarksville, IN.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 15 condominium apartment units across 401, 407, and 415 Kensington Drive; Most units extensively renovated within the past 3 years; Located off Eastern Boulevard in Clarksville, Indiana
More about this property
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