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Garden-Style Apartment Complex
For Sale
Contact for pricing
Pending

5301 Milner Rd, Louisville, KY 40216

The property offers renovated and upgraded units with on-site parking in a garden-style residential setting.

Property SizeContact for details
Days on Market146

Property Features for 5301 Milner Rd

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes

Units

Unit Mix 27 x 1BR, 1 x studio
Multifamily Units 28

Building Details

Construction garden-style
Listing Agency: Colliers
Listed By: Reed Weinberg · License #KY 60187
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 9:47AM

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 Colliers

Investment Insights

Based on property information with market context.

This garden-style apartment complex contains 27 one-bedroom units and one studio, providing a defined mix of residential layouts. Many units have received renovations and upgrades during unit turns, and the property includes on-site parking across its large lot.

The complex is located at 5301 Milner Rd in Louisville, Kentucky, off Dixie Highway and south of the I264 Watterson Expressway. Its residential configuration, unit mix, and completed improvements provide a clear basis for evaluating the existing apartment operation.

Key Highlights

  • 27 one‑bedroom units plus one studio
  • Many units renovated and upgraded during unit turns
  • Garden‑style apartment complex

Property Analytics

Current Use

Derbyshire Productions Event Planning

Suggested Use

Top Pick Law Firm Electrical Service HVAC Service Real Estate Agency Grocery & Convenience Store Computer & Electronic Repair

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

28
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

629
Businesses Nearby

Demographics for 40216, KY

43,434
Population
19,257
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
87%
High-School Grad
15.7 sq mi
ZIP Area
2,766
Density / Sq Mi
$50,211
Median Household Income
$35,503
Median Earnings
$883
Median Rent
$154,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property offers renovated and upgraded units with on-site parking in a garden-style residential setting.
Where is this apartment building located?
The property is located at 5301 Milner Rd Louisville, KY.
What are key features of this property?
This property features: 27 one‑bedroom units plus one studio; Many units renovated and upgraded during unit turns; Garden‑style apartment complex
(502) 802-3516 Call to check price and availability
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