Auburndale Multifamily Investment
For Sale
Contact for pricing
Pending
7300 Southside Dr, Louisville, KY 40214
28-unit multifamily asset in Louisville's Auburndale neighborhood.
Property SizeContact for details
Days on Market182
Property Features for 7300 Southside Dr
General Information
Standard status
Pending
Property subtype
Multifamily
Zoning
R7-Residential Multi-Family
Building Details
Year Built
1964
Buildings
2
Stories
2
Units
28
Listing Agency:
Marcus & Millichap - Cincinnati
Listed By:
Jordan Dickman · License #OH SAL.2014001272
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Jul 24 at 6:33AM
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 - Cincinnati
Investment Insights
Based on property information with market context.
Auburndale Place is a 28-unit multifamily property located in the Auburndale Neighborhood of Southwest Louisville. The property is a stabilized asset with potential for NOI growth by increasing effective rents, which are currently approximately $150 below market. All 28 units are 2-bedroom, 1-bathroom layouts, with a majority being the larger 900 SqFt layout. The property features major system upgrades, including full electrical replacement with copper wiring and panels, individual HVAC systems, and complete plumbing conversion to PVC/PEX, plus multiple additional property enhancements. The property is strategically positioned within minutes of Louisville’s largest employment concentrations, near multiple industrial parks and the Nation’s 3rd busiest cargo airport, home to the UPS Worldport Global Air Hub. There is a value-add opportunity with in-unit washer/dryer installation, with hookups already in place, opening up the ability to capture rent premium. Situated within one of the region’s most workforce-dense corridors, the property is positioned for continued performance and growth supported by durable demand across logistics, manufacturing, and distribution sectors.
Key Highlights
- Significant NOI growth potential by closing the $150 rent gap to market rate.
- Major system upgrades completed: full electrical replacement (copper wiring & panels), individual HVAC systems, and complete plumbing conversion to PVC/PEX.
- Strategic location near Louisville's largest employment centers, industrial parks, and the UPS Worldport Global Air Hub.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 40214, KY
46,220
Population
20,459
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
85%
High-School Grad
15.0 sq mi
ZIP Area
3,081
Density / Sq Mi
$53,563
Median Household Income
$37,121
Median Earnings
$950
Median Rent
$176,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 28-unit multifamily asset in Louisville's Auburndale neighborhood.
Where is this apartment building located?
The property is located at 7300 Southside Dr Louisville, KY.
What are key features of this property?
This property features: Significant NOI growth potential by closing the $150 rent gap to market rate.; Major system upgrades completed: full electrical replacement (copper wiring & panels), individual HVAC systems, and complete plumbing conversion to PVC/PEX.; Strategic location near Louisville's largest employment centers, industrial parks, and the UPS Worldport Global Air Hub.
