Great investment opportunity featuring four fully occupied 2 bedroom, 1 bath apartments with a solid rental history and dependable cash flow. Several long term tenants have called this property home for over seven years, providing excellent stability for investors. Each unit offers laundry hookups, with additional laundry hookups located in the basement and private storage areas in the basement that present potential for additional income. Major improvements completed in 2018 include the roof, HVAC systems, appliances, and pavement, helping reduce future maintenance expenses. Conveniently located within walking distance of GE, FedEX TARC bus lines, ALDI and other everyday amenities, making it an attractive location for tenants. Owner pays water, sewer, electric and trash pickup, tenants are responsible to pay electric and gas service. May be purchased together with 4920 Cawood Drive, just down the street, for an excellent portfolio opportunity.
1972Year Built
9,457 sq ftLot Size
$125Price/Sq.Ft.
$17/moHOA Dues
4 spacesParking
Listed by Terry Golladay• Schuler Bauer Real Estate Services ERA Powered
Great Investment Property with four 2bd 1bath units. Building fully occupied. Some long term tenants that have been living here for 7+ years! Walking distance to GE, Fedex, TARC stops, ALDI's and more. Laundry hook-ups in unit and for each unit in the basement along with extra storage that could be used for extra income. New Roof, HVACs, Appliances and Pavement in 2018. Owner pays Trash and Water while tenants pay electric. Seller will complete a 1031 Exchange with this property. Buyer acknowledges the same when entering into a contract to purchase. Listing Agent is a business partner to the seller but not on this deal. May be purchased together with 4920 Cawood Dr MLS#1680642 which is just down the street.
Metro Search MLS #1476699
Sep 29, 2017
Sold
$114,509
$33/sq ft
Jun 5, 2017
Pending
—
May 31, 2017
Listed
$115,000
$34/sq ft
+24
Public Remarks
Lots of potential with this 4 Plex. Each unit offers 2 bedrooms, 1 full bath, an eat-in-kitchen, a living room and a laundry closet. There is an unfinished basement with additional storage units. Call today for your personal showing. Choose FHA financing to qualify for $100 downpayment. Ask me for details. This property is HUD-owned (Case # 201-451273) and is being Sold ''AS-IS.'' This home is not eligible for standard FHA financing (FHA:Uninsured) but is eligible for FHA 203k eligible. *Equal Housing Opportunity.*
Metro Search MLS #1243032
Feb 17, 2010
Sold
$137,000
$40/sq ft
Jun 22, 2009
Listed
$144,000
$42/sq ft
Public Records
Jul 30, 2007
Sold
$180,000
$52/sq ft
Metro Search MLS #102984
Jun 7, 2001
Listing Removed
—
Feb 16, 2000
Listed
$94,500
$28/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,089 (+77.2%)
$48,000 + $316,800
$364,800
2024
$2,308 (−2.8%)
$48,000 + $316,800
$364,800
2023
$2,375 (−0.3%)
$32,000 + $169,600
$201,600
2022
$2,383 (+61.4%)
$32,000 + $169,600
$201,600
2021
$1,476 (+7.3%)
$32,000 + $169,600
$201,600
2020
$1,376 (+2.0%)
$24,000 + $90,000
$114,000
2019
$1,350 (+1.1%)
$24,000 + $90,000
$114,000
2018
$1,334 (+11.5%)
$24,000 + $90,000
$114,000
2017
$1,196 (−0.5%)
$24,000 + $90,000
$114,000
2016
$1,202 (−17.0%)
$24,000 + $90,000
$114,000
2015
$1,448
$24,000 + $90,000
$114,000
2014
$1,448
$35,200 + $101,800
$137,000
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
9,457 Sq. Ft.
Year renovated
1972
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1972
Style
Multi-Family (5+ Unit)
County
Jefferson County
APN
23201801680004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 8, 2026.
Dec 9, 2020 • Final
Hvac residential - new
Replace the air conditioning unit and coil.
HVAC
Apr 1, 2019 • Final
Electrical residential
Restore electrical power to the property.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 20 days in 30 years
2/10 Wind Factor
2% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Louisville, KY • 40218
Average low and high temperatures (°F)
38
22
48
30
65
43
73
53
74
57
85
68
89
73
85
67
83
61
72
51
58
42
47
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Louisville. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4342 Newport Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More