3632 Manslick Rd, Louisville, KY 40215 (MLS# 1690042)

3632 Manslick Rd, Louisville, KY 40215

$2,500,000

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Property Type: Multi Family Square Footage: 14,202 Status: Closed

Current Price: $2,500,000 List Date: 6/18/2025 Last Modified: 9/30/2025

Overview

Description

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.

Supplements: 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+ ca ... (Read more)

Listing Details MLS# 1690042

General Listing Information

Office Exclusive?: No
Listing Price: 2649500
Property Sub Type: Apartment
HOA Y/N: No
HOA Annual $: 0

Location

Street #: 3632
Street: Manslick
St Suffix: Rd
Area: 01-Dtwn Old Louisville/Shively/West Lou
Sub Area: A
County: Jefferson
State/Province: KY
Zip Code: 40215
Subdivision/Condo: NONE
Directions: 7th St. Rd. to Manslick
Deed Bk: No
Parcel ID: No
Pg #: No
Block: No
Lot: No

Contract Info

Original List Price: 2649500
Disclosure: No

Property Description

SqFt -Total Finished: 14202
Above Grade Finished: 14202
SqFt - Source: Other
First Floor Laundry: No
Garage Y/N: No
Basement Y/N: No
Total Units: 34
Year Built: 1961
Covered Parking: No
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
Lot Size Dimensions: No
Security Deposit: No
Age: 0
# Parking Spaces: 0
Term/Lease: No
# of Furnaces: 0
# of Water Heaters: 0

Status Change Info

Contract Acceptance Date: 2025-07-27
Sold Date: 2025-09-30

More Information

Utilities

Electricity Connected: Yes

Construction

Concrete: Yes

Roof

Shingle: Yes

Heating

MiniSplit/Ductless: Yes

Exterior

Balcony: Yes

Property Features

Construction: Concrete Roof: Shingle Exterior: Balcony Utilities: Electricity Connected Heating: MiniSplit/Ductless

Listing Office: PRG Commercial Property Advisors

Last Updated: September - 30 - 2025

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than the site owner are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.