Apartment Building with 94
For Sale
$7,802,000
4300 Norbrook Dr, Louisville, KY 40218
94-unit apartment community with 71 one-bedroom and 23 two-bedroom units in Louisville’s Buechel submarket.
Property SizeContact for details
Days on Market52
Property Features for 4300 Norbrook Dr
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
91%
Additional Details
Business Included
Yes
Multifamily Units
94
Amenities
94-Unit Multifamily Community Located Along the Bardstown Road Workforce Housing Corridor in the rapidly growing Buechel Submarket.
Approximately 51,420 Square Feet Across Five Residential Buildings. Diversified Unit Mix Featuring 82 One-Bedroom and 12 Two-Bedroom Units
Close Proximity to UPS Worldport, the Largest Automated Package Handling Facility in the World, Employing Over 25,000 Workers.
Close Proximity to Ford Motor Company, Employing Over 12,000 Workers Across Two Manufacturing Facilities. Ford Has Proposed a $2 Billion Dollar Expansion to this Footprint Which Has Received Local and State Government Approval.
Walking Distance to GE Appliance Park Which Has Invested $490 Million Dollars to Move Washing Machine Production to the Facility, Creating 800 New Full-Time Jobs.
Close Proximity to Multiple Amazon Facilities, Providing Over 30,000 Direct and Indirect Jobs Across Fulfillment, Delivery Center, Construction, Logistics, and Professional Services.
Stable In-Place Cash Flow with Strong Occupancy Fundamentals, Below-Market Rents Providing Significant Value-Add Potential. Opportunity for Targeted Unit Renovation Program
Recently Completed or Announced Retail Developments Include a WaWa Gas Station and Grocery Anchored Retail Center.
Building Details
Units
94
Listing Agency:
Marcus & Millichap - Louisville
Listed By:
David Badgett Jr. · License #License(s): KY: 215224
(502) 329-5999
Source:
Marcusmillichap
Added: Jul 14
Changed: Aug 28
Last Checked: Sep 2 at 1:14PM
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 Marcus & Millichap - Louisville
Investment Insights
Based on property information with market context.
Norbrook Arms Apartments is a 94-unit multifamily property made up of 71 one-bedroom units and 23 two-bedroom units. The community offers a diversified unit mix designed to serve a range of renter needs.
The property is located at 4300 Norbrook Drive in the Buechel submarket, off Bardstown Road, one of Louisville’s most accessible and established rental corridors.
The property is located at 4300 Norbrook Drive in the Buechel submarket, off Bardstown Road, one of Louisville’s most accessible and established rental corridors.
Key Highlights
- 94‑unit apartment community (built in 1971) in Louisville’s Buechel submarket
- Unit mix includes 71 one‑bedroom units and 23 two‑bedroom units
- Located off Bardstown Road in a well‑established rental corridor
Property Analytics
Current Use
Lease Details
94
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
368
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 - 94-unit apartment community with 71 one-bedroom and 23 two-bedroom units in Louisville’s Buechel submarket.
Where is this apartment building located?
The property is located at 4300 Norbrook Dr Louisville, KY.
What is the asking price?
The asking price for this property is $7,802,000.
What are key features of this property?
This property features: 94‑unit apartment community (built in 1971) in Louisville’s Buechel submarket; Unit mix includes 71 one‑bedroom units and 23 two‑bedroom units; Located off Bardstown Road in a well‑established rental corridor
