Orchard Manor Circle 3100 Orchard Manor Cir 32 Unit Apartment Building For Sale Louisville, KY 40220

Orchard Manor is a 32-unit, 100% occupied multifamily community located in Louisville, Kentucky, offering investors stable in-place cash flow with clear, measurable rental upside. The property features a uniform two-bedroom floorplan averaging approximately 900 square feet, currently generating average in-place rents of $1,192 compared to recent leases averaging $1,280 and asking rents near $1,300 — demonstrating immediate mark-to-market opportunity without reliance on heavy renovation.
The asset provides durable workforce housing demand supported by strong occupancy and predictable operating performance. With minimal deferred capital needs and consistent leasing velocity, new ownership can focus primarily on operational execution and rent normalization rather than construction risk. The property’s straightforward unit mix and efficient layout create an easily manageable investment suited for both local operators and out-of-market investors seeking reliable yield.
Orchard Manor offers a balance of stability and growth: dependable day-one income paired with a clear path to NOI expansion through natural lease rollover. This combination positions the opportunity as an attractive long-term hold or yield-focused acquisition in one of Louisville’s established residential corridors.