Development Land Approved for 100 Units Multifamily

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30860150
Property Subtypes: Multi-Family
Gross Land Area: 4.90 Acres
Sale Price: $1,980,000
Unit Price: $404,081 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2024

Overview / Comments

This 4.9 acre parcel is located in a desirable section of South Louisville, east of I65 and north of I265. It is situated in a densely populated, established neighborhood, amid other multifamily, condo, and single family properties.

The land has been approved for 100 large 2BR/2BA units: four 24 unit buildings, plus a four-plex. Sewers currently run to the east and west perimeters of the property.

Additional information linked below.

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 368900010000
Zoning: R-7 - Residential Multi-Family District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,083 69,155 176,500
Median Age: 36.87 36.6 36.63
Households: 3,964 26,947 70,013
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