Hallmark Apartments is a well-maintained 48-unit multifamily community located in the highly desirable Hikes Point submarket. Owned and professionally managed by the same long-term owner for many years, the property has consistently achieved strong occupancy levels and demonstrates a proven history of stable operations. The asset has benefited from significant capital improvements, including the replacement of all roofs and windows in 2021. In addition, a majority of the apartment homes have received interior updates, enhancing both resident appeal and long-term value. Hallmark Apartments features mostly 2BR apartments, allowing the property to achieve a more enhanced income potential. The community has coin-operated laundry, and the units could accommodate future washer/dryer hookups. The property is separately metered for gas and electric service helping minimize utility expense exposure and contributing to operational efficiency. Ideally situated in the sought-after Hikes Point area, the property offers residents convenient access to major retail destinations, employment centers, interstate highways, and a variety of everyday amenities. Its strong location, history of occupancy, and recent capital investments position Hallmark Apartments as an attractive opportunity for investors seeking a stable, well-performing multifamily asset with continued upside potential.
| MLS # | 1721310 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 106 |
| Listing Provided By | Colliers | Jenny Johnston |
| SQ Feet | 41,160 |
|---|---|
| Basement | Y |
| Units | 48 |
| Acreage | 0.00 |
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40220 |
| Area | 07 FernCreek | Hikes Point | Jeffersontown |
| Community Name | BRECKENRIDGE ESTATES |
| Listing VS Median (in BRECKENRIDGE ESTATES) | |
Price: $4,000,000 low | high Med: $339,000 sqft: 41,160 low | high Med: 2,053 $ / sqft: $97 low | high Med: $165 On site: 106 low | high Med: 12 | |
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40220 |
| Area | 07 FernCreek | Hikes Point | Jeffersontown |
| Community Name | BRECKENRIDGE ESTATES |
| Listing VS Median (in BRECKENRIDGE ESTATES) | |
Price: $4,000,000 low | high Med: $339,000 sqft: 41,160 low | high Med: 2,053 $ / sqft: $97 low | high Med: $165 On site: 106 low | high Med: 12 | |