




7312 Six Mile Ln, Louisville, KY, 40220
About This Home
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.
Getting Around
Schools
Construction
Condition
- Year built: 1972
Materials
- Roof: Shingle
- Construction materials: Brick
Type & Style
- Home type: Apartment
- Property subType: Apartment
Interior
Basement
- Has basement: Yes
Features
- Finished area below ground: 13,720
- Finished area above ground: 27,440
Heating
- Heating features: Other
Interior Area
- Total structure area: 27,440
- Total interior livable area: 41,160 sqft
Property
Details
- Parcel number: 22187606660000
- Attached to another structure: Yes
Features
- Exterior features: None
Lot
- Lot size: 2.59 sqft
- Lot size dimensions: 0
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,226 | $242,712 |
| Home Insurance * | $2,072 | $24,864 |
| Property Taxes | $2,833 | $33,996 |
| Electricity | $3,250 | $39,005 |
| Total | $28,381 | $340,572 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-23 | Listed for sale | $4,000,000 |
