4327 Southern Pkwy, Louisville, KY 40214

$2,200,000
Property Type: Multi Family Square Footage: 19,506 Status: Closed
Current Price: $2,200,000 List Date: 9/05/2025 Last Modified: 11/18/2025

Description

This listing includes both 4321 and 4327 Southern Parkway. 4321 is 11 units (seven 1BR/1BA, four studio) and 4327 is 14 units (all 2BR/1BA), for a total of 25. Located in an excellent section of Southern Parkway, at I264 and minutes from U of L, these properties have undergone extensive renovation and improvement. The seller has updated most of the apartments including kitchens and bathrooms, repaved parking lots, installed mini splits, replaced windows, replaced exterior stairs, insulated the buildings, and more. The units are a mix of hardwood, LVP, and low-maintenance epoxied concrete floors. They are all separately metered for LGE. There is off street parking and on site laundry (tenants pay a flat fee for laundry access).

Supplements: City trash is included, so there is no dumpster expense. The 4321 roof is approx. 7 years old, and 4327 roof is approx. 10 years old. These buildings are an excellent opportunity for a buyer to invest in multifamily in an appreciating location.

More Information MLS# 1697419

General Listing Information

Office Exclusive?: No HOA Y/N: No HOA Annual $: 0 Status: Closed Listing Date: 2025-09-05 Listing Price: 1950000 Property Sub Type: Apartment

Status Change Info

Status: Closed Contract Acceptance Date: 2025-10-27 Sold Date: 2025-11-18 Sold Price: $2,200,000

Contract Info

Disclosure: No Original List Price: 1950000

Location

Sub Area: A Deed Bk: 0 Parcel ID: 0 Pg #: 0 Block: 0 Lot: 0 Directions: 264 to Southern Pkwy Street #: 4327 Street: Southern St Suffix: Pkwy Area: 01-Dtwn Old Louisville/Shively/West Lou County: Jefferson State/Province: KY Zip Code: 40214 Subdivision/Condo: NONE Geo Lat: 38.191473 Geo Lon: -85.766093

Property Description

SqFt -Total Finished: 28310 Above Grade Finished: 19506 Below Grade Finished: 8804 Nonconform SqFt Fin: 0 Above Grade Unfin: 0 Below Grade Unfin: 0 Sqft - Total Unfin: 0 SqFt - Source: Other First Floor Laundry: No Garage Y/N: No Basement Y/N: Yes Total Units: 25 Lot Size Dimensions: 0 Security Deposit: 0 Age: 0 # Parking Spaces: 0 Covered Parking: No Term/Lease: 0 # of Furnaces: 0 # of Water Heaters: 0 Separate Meters: Yes Sold As-Is: No M Struct Flood Plain: No Year Built: 1947

Utilities

Electricity Connected: 1

Construction

Brick: 1

Roof

Shingle: 1

Heating

MiniSplit/Ductless: 1

Exterior

None: 1

None

Current Price: $2,200,000

Property Features

Construction: Brick Roof: Shingle Exterior: None Utilities: Electricity Connected Heating: MiniSplit/Ductless
Listing Office: PRG Commercial Property Advisors
Last Updated: November - 18 - 2025
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