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3218 Orchard Manor Cir, 
Louisville, KY 40220

$415,000


8

Beds


4

Baths


3,308

Sq Ft


Multi-Family

Active

Listed by

Jason Farabee

The Agency Louisville

502-627-0077

Last updated:

August 5, 2025, 09:39 PM

MLS#

1694466

Source:

KY MSMLS

About This Home

3218 Orchard Manor Cir

Introducing 3218 Orchard Manor Circle, offering a rare chance to acquire a classic 4-unit apartment building in Hikes Point. This well-maintained brick multifamily property combines income potential with long-term growth. The solid brick building features four 2-bedroom, 1-bath units with functional floor plans ideal for stable tenancy and easy management. The timeless exterior and efficient layouts make these buildings both low-maintenance and appealing to renters. Positioned in the east end, one of Louisville's most sought-after markets, these properties benefit from a strong rental demand, community-driven atmosphere, and proximity to major employers, shopping, and parks. Whether you're expanding your real estate portfolio or looking for a strategic foothold in a high-demand area, this is an opportunity you don't want to miss. Current rents are $850/month for each of the units. All units are occupied. Rents are below market for the area and due for another increase at the time of renewal next year. Estimated cap rate at 7% based on current rents and expenses for property taxes, common area electric, water, trash and insurance.

Home Facts

Multi-Family

4 Baths

8 Bedrooms

Built in 1963

Price Summary

415,000

$125 per Sq. Ft.

MLS #:

1694466

Last Updated:

August 5, 2025, 09:39 PM

Added:

a day ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

4

Interior

Living Area:

3,308 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

3,308 Sq. Ft.

Year Built:

1963


Finances & Disclosures

Finances

Price:

$415,000

Price per Sq. Ft:

$125 per Sq. Ft.

Source:KY MSMLS
The information being provided by Greater Louisville Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Greater Louisville Association of REALTORS All rights reserved.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.