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3632 Manslick Rd, 
Louisville, KY 40215

$2,649,500


Bed


Bath


14,202

Sq Ft


Multi-Family

Active

Listed by

Jenny Johnston

Prg Commercial Property Advisors

502-365-3840

Last updated:

June 22, 2025, 02:55 PM

MLS#

1690042

Source:

KY MSMLS

About This Home

3632 Manslick Rd

In Place 10+ Cap Rate. This turnkey, stabilized investment opportunity consists of 34 studio units that have been gutted down to the studs and completely renovated with new plumbing, electrical, mini-split heating/cooling systems, LVP flooring, granite counters, stainless appliances, and more. Plus, a tax moratorium is in place through 2029 and transferable to the new owner. Most rents are at $976/month, with potential to increase over time. Expenses are low due to high efficiency tankless water heaters, mini-splits, and newly renovated units. The property has been stabilized since winter, and is projected to produce well over $300K in NOI this year. The units are separately metered for LG&E, and are efficiently sized for quick and easy turns. There is also off street parking. This property presents an excellent opportunity to invest in a stabilized, cash flowing, low maintenance multifamily asset. Highlights include: > 34 fully gutted and renovated studio units > Separate meters for LG&E > High efficiency mini-splits and tankless water heaters > Cash flowing asset, projected 10+ cap rate with in place financials

Home Facts

Multi-Family

Built in 1961

Price Summary

2,649,500

$186 per Sq. Ft.

MLS #:

1690042

Last Updated:

June 22, 2025, 02:55 PM

Added:

9 day(s) ago


Rooms & Interior

Interior

Living Area:

14,202 Sq. Ft.


Structure

Structure

Building Area:

14,202 Sq. Ft.

Year Built:

1961


Finances & Disclosures

Finances

Price:

$2,649,500

Price per Sq. Ft:

$186 per Sq. Ft.

Source:KY MSMLS
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