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Property profile & analytics

4703 Oak Park Dr Louisville, KY 40258

  • Commercial real estate
  • 12,524 SF
  • 0.57 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US34-0365306
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 4703 Oak Park Dr

Year built
1968
Lot size
0.57 lot acres
Property size
12,524 SF
Property type
Commercial real estate
APN
111200300000

Description

This exceptional investment opportunity presents an 18-unit apartment building located at 4703 Oak Park Dr, Louisville, KY 40258, in the desirable Pleasure Ridge Park neighborhood. The property, a Class C multifamily complex, boasts a fee simple ownership and comprises two, two-story buildings totaling 12,524 square feet on a 0.566-acre lot. Built in 1968 and extensively renovated in 2024, the property features 10 one-bedroom and 8 two-bedroom units, currently enjoying 100% occupancy as of May 1, 2024. Recent upgrades include new windows, sidewalks, staircases, flooring, bathrooms, and kitchens in most units, along with a roof replacement in 2019. The property offers 24 parking spaces and is zoned C1. With a stabilized investment profile, the property shows a pro-forma NOI of $119,221 and a pro-forma cap rate of 8.83%. The asking price is $1,350,000, representing $75,000 per unit and $107.79 per square foot. This well-maintained property benefits from its location in a vibrant business community with convenient access to Louisville's industrial and business parks, making it an ideal investment for those seeking strong cash flow and potential for future appreciation in a key South Louisville workforce housing market. The property's recent renovations and high occupancy rate position it for continued success. The Jefferson County APN is 111200300000.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Louisville
County
Jefferson
State
Kentucky
Longitude
-85.8450445
Latitude
38.1359967

Property Visit Statistics

  • Visits by month
    427
  • Visitors by month
    507
  • Avg Time on site
    25 min
More about this property
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