#1688180, Listing office: PML Real Estate Group LLC
Property details
About 3632 Manslick Rd
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. 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+ cap rate with in place financials
Highlights
Home typeCondominium
HeatingZoned, Ductless
StatusActive
Size14,202 sqft
Year built1961
MLS #1690042
Summary
- Exterior: Balcony
- Heating: Zoned, Ductless
- List Price: $2,649,500
- Price/SqFt: $186
- Directions: 7th St. Rd. to Manslick
- Year Built: 1961
- Living Area: 14,202 SqFt
- MLS Number: 1690042
- MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
- Office Name: PRG Commercial Property Advisors
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 other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Metro Search, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 12:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 06, 2023 | Home Sold | $850,000 |
| Jun 06, 2023 | Home Sold | $850,000 |
| Jun 06, 2023 | Home Sold | $850,000 |
| Jun 06, 2023 | Home Sold | $850,000 |
| Mar 03, 2020 | Home Sold | $775,000 |
| Mar 03, 2020 | Home Sold | $775,000 |
| Mar 03, 2020 | Home Sold | $775,000 |
| Mar 03, 2020 | Home Sold | $775,000 |
| Nov 03, 2016 | Home Sold | $575,000 |
| Nov 03, 2016 | Home Sold | $575,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
1
Jacob Elementary School
Public District KG-5
0.3 mi
•3701 E Wheatmore Dr
2
Mill Creek Elementary School
Public Magnet KG-5
0.6 mi
•3816 Dixie Hwy
4
Gutermuth Elementary School
Public District KG-5
1.2 mi
•1500 Sanders Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $15,756. The majority of Louisville, KY residents have income less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
90%
<35k
7%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
37%
Single, with Kids
4%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Renters
How old are people in this area?
26%
<11 yrs old
9%
12-17 yrs old
34%
18-34 yrs old
29%
35-64 yrs old
2%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
H&M
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
Boston Market
Jack In The Box
What do the neighbors drive?
Dodge
Honda
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 3632 Manslick Rd
The listing price of 3632 Manslick Rd property is $2,649,500.
The property 3632 Manslick Rd is a condo located in Louisville, Kentucky, 40215.
Active Listing: 3632 Manslick Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3632 Manslick Rd are: Jacob Elementary School (GreatSchools Rating 1/10), Mill Creek Elementary School (GreatSchools Rating 2/10), Gutermuth Elementary School (GreatSchools Rating 4/10), Olmstead North Middle School (GreatSchools Rating 3/10), Olmstead South Middle School (GreatSchools Rating 2/10), Grace M. James Academy of Excellence (GreatSchools Rating 4/10), Butler Traditional High School (GreatSchools Rating 3/10), Iroquios High School (GreatSchools Rating 1/10), Western High School (GreatSchools Rating 1/10).
The last sale was on June 6, 2023 for $850,000 (source: MLS/tax record).
The property at 3632 Manslick Rd has 0 bedroom and 0 bathroom.
The property 3632 Manslick Rd is 14,202 SqFt (source: MLS/tax record).
The year of construction for 3632 Manslick Rd is 1961.
This home is located at 3632 Manslick Rd in Louisville, KY and zip code 40215 in the Jacobs neighborhood. This 14,202 square foot home was built in 1961. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since June 18, 2025 and is currently priced at $2,649,500.
In June 2025, from all listings sold in Louisville, KY there were more than 264 sold above asking price, over 353 sold below and more than 240 were sold right at the asked price. The inventory of homes for sale in Louisville, KY between May and June 2025 increased by 6.2%. Listings spent 38 days on the market in June 2025, and had a median list price of $260,694 during the same period.
From Rocket Homes Real Estate and based on county public records data.