10233 Blue Lick Rd, Louisville, KY 40229

$2,450,000
Property Type: Multi Family Square Footage: 22,812 Lot Size (sq. ft.): 1 Status: Active Under Contract
Current Price: $2,450,000 List Date: 3/21/2026 Last Modified: 4/08/2026

Overview

Description

Strong investment opportunity at 10233 Blue Lick Rd, Louisville, KY 40229 (located off Blue Lick Rd & Hillcross Dr). Property Overview: 21 large townhome-style units 6 units: 3 bed / 1.5 bath 15 units: 2 bed / 1.5 bath. Current rent roll: $24,461/month (2 vacancies) $27,063/month once fully occupied; up to $29,721/month potential. 22,812 total sq ft Built approximately 23 years ago. New dimensional shingle roofs (Aug/Sept 2023) on all three buildings Large onsite parking lot Utilities: Tenants pay LG&E ,owner pays water/sewer and trash. Laundry in each unit This property presents a strong value-add opportunity through lease-up, along with a potential condo conversion exit strategy that could potentially generate a very profitable return. See attached rent roll and LURA letter

Listing Details MLS# 1712112

General Listing Information

Office Exclusive?
No
Listing Price
2450000
Property Sub Type
Apartment
REO/Bank Owned/HUD
No
HOA Y/N
No
HOA Annual $
0

Location

Street #
10233
Street
Blue Lick
St Suffix
Rd
Area
06-Buchel/Hghvw/okolona/FernCreek
Sub Area
B
County
Jefferson
State/Province
KY
Zip Code
40229
Deed Bk
11299
Parcel ID
203500020000
Pg #
956
Subdivision/Condo
NONE
Block
2035
Lot
0002
Directions
Take I-65 to Outer Loop East Exit to Preston Highway turn right on Preston and follow to South Park Rd turn right and go to Blue Lick Rd. Turn right on Blue Lick follow to Hillcross Drive on left to Buildings at 3601-3613 Hillcross Dr and 3615-3627 Hillcross Dr and 3629-3641 Hillcross Dr.

Contract Info

Original List Price
2450000
Disclosure
No

Property Description

SqFt -Total Finished
22812
Above Grade Finished
22812
SqFt - Source
Other
First Floor Laundry
Yes
Garage Y/N
No
Basement Y/N
No
Total Units
21
Lot Size Dimensions
1.3789
Lot SF
1.38
Age
23
Year Built
2003
# Parking Spaces
34
Covered Parking
No
Term/Lease
varied
# of Furnaces
21
# of Water Heaters
21
Separate Meters
Yes
Sold As-Is
No
M Struct Flood Plain
No
Below Grade Finished
0
Nonconform SqFt Fin
0
Above Grade Unfin
0
Below Grade Unfin
0
Sqft - Total Unfin
0
Security Deposit
No

Cooling

# of HVAC Units
21
Central Air
Yes

More Information

Architectural Style

Traditional
Yes

Utilities

Electricity Connected
Yes
Fuel:Natural
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Construction

Brick
Yes
Wood Frame
Yes
Vinyl Siding
Yes

Roof

Shingle
Yes

Owner Pays

Sewer
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Heating

Forced Air
Yes

Patio and Porch Features

Porch
Yes

Exterior

None
Yes

Property Features

Architectural Style: Traditional Construction: Brick; Wood Frame; Vinyl Siding Roof: Shingle Owner Pays: Trash Collection; Water Tenant Pays: Electricity; Gas Exterior: None Patio and Porch Features: Porch Utilities: Electricity Connected; Fuel:Natural Water Source: Public Sewer: Public Sewer Heating: Forced Air Cooling: Central Air

Documents

Listing Office: Beck Realty Group
Source MLS Verified
Last Updated: April - 08 - 2026
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