5350 Dixie Hwy Louisville, KY 40216-1564
This exceptional 0.295-acre parcel presents a remarkable multi-family development opportunity in Louisville, Kentucky. Located at 5350 Dixie Hwy, in Jefferson County (zip code 40216), this property is zoned OR-2, permitting the construction of up to eight modern townhomes with dedicated parking for eleven vehicles. The site's strategic location within a well-established residential area, adjacent to existing apartment complexes and a Walmart Neighborhood Center, ensures high demand and convenient access to essential amenities. Residents will enjoy the proximity to everyday shopping needs, while the property's position between Interstates 264 and 265, just off Dixie Highway, provides excellent connectivity. This land offers a compelling investment prospect, catering to the growing need for quality housing in a desirable Louisville neighborhood. The asking price for this exceptional development opportunity is $140,000. The property's location offers easy access to major roadways, enhancing its appeal to potential residents. This is a rare chance to capitalize on the strong demand for multi-family housing in this thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
OR2-OFFICE/RESIDENTIAL · Louisville, KYLouisville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.