SOLD APR 13, 2026

Off market apr 2026 for $375K

—

Est. refi paymentEst. refi $4,666/mo

Studio

•

— ba

•

6,864

sq ft

5419 New Cut Rd, Louisville, KY 40214

About this home

Public Remarks: *Please note: Listing photos were taken prior to the fire incident discussed below. Positioned in a high-demand corridor of South Louisville, this 11-unit mixed-use property offers a compelling value-add opportunity for investors seeking strong upside potential. The asset consists of 10 residential units and 1 commercial space. The property has experienced fire damage, with several units impacted. Ownership has estimated approximately $330,000 in remaining renovation costs to restore the asset to full stabilization. The property is offered as-is, with the purchaser assuming responsibility for completing the improvements. Prior to the disruption, the property consistently performed as a strong income-producing asset, benefiting from its strategic location along a major thoroughfare. Residents enjoy convenient access to retail, dining, essential services, and nearby recreational amenities including Iroquois Park. This offering represents a rare opportunity to reposition and stabilize a historically high-performing property, with the potential to achieve attractive yields in a supply-constrained, high-demand rental market.

Multi-familyProperty Type

1947Year Built

0.3 acresLot Size

$55Price/Sq.Ft.

11 spacesParking

Listed by Jenny Johnston • Colliers

Listed by Reed Weinberg • Colliers

Bought with UNITED REAL ESTATE Jones • United Real Estate Louisville

Redfin checked: a minute ago

•Source:Metro Search MLS #1712462

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 40214, KY

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.3%

+0.2% MoM

Median sale price

$232K

$10K MoM

Avg. days on market

42d

4 days MoM

Recently sold homes

148

10 MoM

New listings for sale

NEW 4 HRS AGO
$271,250
3 beds2 baths1,915 sq ft
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NEW 27 HRS AGO
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2 beds2 baths1,850 sq ft
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S. G. Priest Company, REALTORS
$265,000
3 beds2.5 baths1,805 sq ft
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EXP Realty LLC
$415,000
3 beds3.5 baths2,943 sq ft
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Semonin Realtors
$595,000
3 beds3.5 baths3,959 sq ft
9814 Secretariat Dr, Louisville, KY 40214
Keller Williams Collective
$285,000
3 beds2 baths1,600 sq ft
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Key Point Realty
$249,900
3 beds2 baths2,155 sq ft
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85W Real Estate
$229,000
3 beds1.5 baths1,423 sq ft
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Edelen & Edelen REALTORS
$234,900
3 beds1 bath1,462 sq ft
963 Palatka Rd, Louisville, KY 40214
Edelen & Edelen REALTORS
$275,000
3 beds1 bath1,627 sq ft
5340 Southdale Rd, Louisville, KY 40214
Homepage Realty
See all

Provided by Redfin

Sale history for 5419 New Cut Rd

Date

Event

Price

Public Records

Jun 18, 2026

Sold

$375,000

$55/sq ft

Metro Search MLS #1712462

Apr 13, 2026

Sold

$375,000

$55/sq ft

Mar 31, 2026

Pending

—

Mar 25, 2026

Listed

$375,000

$55/sq ft

Metro Search MLS #1584722

Jul 20, 2021

Sold

$430,000

$63/sq ft

May 15, 2021

Pending

—

May 3, 2021

Listed

$440,000

$64/sq ft

May 3, 2021

Price Changed

$440,000

$64/sq ft

Public Remarks

This 11 unit investment opportunity is in the stable Auburndale neighborhood. It is located less than 1 mile from Iroquois Park in the midst of a strong, desirable commercial corridor. Over the past year, the asset has undergone various upgrades and renovations that include interior renovations, windows, exterior improvements and re-tenanting. The units cater to a strong segment of the rental population seeking well-maintained housing in close proximity to employment centers and walking distance to goods and services. A long-term commercial tenant (hair salon) is located on the first floor. > Desirable South-End location minutes from Iroquois Park > 11 total units that includes 1 commercial tenant > Most units contain updated flooring, kitchens & baths

Metro Search MLS #1559209

Jun 25, 2020

Listing Removed

—

May 13, 2020

Price Changed

$525,000

$76/sq ft

May 13, 2020

Price Changed

$495,000

$72/sq ft

May 12, 2020

Listing Removed

—

Mar 2, 2020

Listed

$550,000

$80/sq ft

Public Records

May 17, 2018

Sold

$345,000

$50/sq ft

Metro Search MLS #1404445

Dec 22, 2015

Sold

$285,000

$42/sq ft

Nov 2, 2015

Pending

—

Oct 12, 2015

Listing Removed

—

Apr 2, 2015

Listed

$265,000

$39/sq ft

Metro Search MLS #1320300

Sep 30, 2014

Listing Removed

—

Dec 18, 2011

Listed

$275,000

$40/sq ft

Metro Search MLS #1296740

Dec 22, 2011

Listing Removed

—

Mar 7, 2011

Listed

$275,000

$40/sq ft

Metro Search MLS #1239662

Dec 2, 2009

Listing Removed

—

Jun 1, 2009

Listed

$275,000

$40/sq ft

Metro Search MLS #1216212

Apr 1, 2009

Listing Removed

—

Sep 1, 2008

Listed

$309,900

$45/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$2,447 (+44.7%)

$106,700 + $25,030

$131,730

2024

$1,691 (−70.7%)

$106,700 + $25,030

$131,730

2023

$5,771 (−1.3%)

$15,500 + $34,500

$50,000

2022

$5,848 (+16.9%)

$131,730 + $298,270

$430,000

2021

$5,001 (+5.5%)

$131,730 + $298,270

$430,000

2020

$4,741 (+2.4%)

$131,730 + $213,270

$345,000

2019

$4,628 (+22.6%)

$131,730 + $213,270

$345,000

2018

$3,774 (+1.6%)

$131,730 + $153,270

$285,000

2017

$3,714 (−13.9%)

$131,730 + $153,270

$285,000

2015

$4,314 (+55.2%)

$131,730 + $153,270

$285,000

2014

$2,780

$100,000 + $110,000

$210,000

2013

$2,781

$100,000 + $110,000

$210,000

Tax history for 5419 New Cut Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,447 (+44.7%)

$106,700 + $25,030

$131,730

2024

$1,691 (−70.7%)

$106,700 + $25,030

$131,730

2023

$5,771 (−1.3%)

$15,500 + $34,500

$50,000

2022

$5,848 (+16.9%)

$131,730 + $298,270

$430,000

2021

$5,001 (+5.5%)

$131,730 + $298,270

$430,000

2020

$4,741 (+2.4%)

$131,730 + $213,270

$345,000

2019

$4,628 (+22.6%)

$131,730 + $213,270

$345,000

2018

$3,774 (+1.6%)

$131,730 + $153,270

$285,000

2017

$3,714 (−13.9%)

$131,730 + $153,270

$285,000

2015

$4,314 (+55.2%)

$131,730 + $153,270

$285,000

2014

$2,780

$100,000 + $110,000

$210,000

2013

$2,781

$100,000 + $110,000

$210,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.3 Acres

Year renovated

1970

Sq. Ft.

—

Year built

1947

Style

Multi-Family (5+ Unit)

County

Jefferson County

APN

13062N02420000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

Oct 28, 2022 • Final

Electrical residential

Install a temporary electrical service on a mailbox.

Electrical

Jun 15, 2021 • Final

Hvac residential - new

Replace the air conditioning unit.

HVAC

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.

Property details

Parking

Parking Information
# Parking Spaces: 11
Covered Parking: No

Interior

Bedroom Information
Bedrooms Total: 0

Multi-Unit Information
Yes

Exterior

Exterior Features
Exterior Features: Balcony

Lot Description
Lot Size Acres: 0.3
Lot Size Area: 13172.0
Lot Size Units: Square Feet
Lot Size Dimensions:
Lot: 0
Sub-Lot: 0

Property Information
Property Sub Type: Apartment
Main Structure on Flood Plain: No
Architectural Style: Traditional

Subdivision / Condo Amenities
Subdivision Name: NONE

Building Information
Building Area Source: Other
Building Area Total: 6864.0
Year Built: 1947
Roof: Shingle
Construction Materials: Brick
Living Area: 6864.0

Financial

Tax Information
Tax Block: 0
Tax Lot: 0

Utilities

Utility Information
Utilities: Other

Heating
Heating Y/N: Yes

Cooling
Cooling Y/N: Yes
Cooling: Central Air

Location

HOA Information
Association Fee: 0.0

Neighborhood Information
Subdivision Name: NONE

Location Information
Location: Directions: I-264 to Taylor Blvd. to New Cut Road
Directions: I-264 to Taylor Blvd. to New Cut Road

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.3 acres
Style: Multi-Family (5+ Unit)
Year Built: 1947
Year Renovated: 1970
County: Jefferson County
APN: 13062N02420000

Home facts updated by county records on Sep 8, 2026

Other

Listing Information
Basement: No

Around this home

Schools

Kenwood Elementary School

Public K-5 • Assigned • 0.7mi

3/10

Frederick Law Olmsted Academy South

Public 6-8 • Assigned • 1.6mi

3/10

Doss High School

Public 9-12 • Assigned • 2.0mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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, 19 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, 4 days in 30 years

Provided by First Street

Historical weather

Louisville, KY • 40214

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.5 hours in June and 3.7 hours in December, placing it below the U.S. average for solar exposure.

9.5 hrs

3.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 5419 New Cut Rd

Data from public records.

Address	Redfin Estimate
5438 New Cut Rd, Louisville, KY 8 Beds \| 11 Baths \| 9600 Sq. Ft.	—
903 Jones Dr, Louisville, KY 2 Beds \| 1 Baths \| 832 Sq. Ft.	$179,653

Address	Redfin Estimate
5419 New Cut Rd Apt 12, Louisville, KY 1 Beds \| - Baths \| 6864 Sq. Ft.	—
910 Westview Dr, Louisville, KY 2 Beds \| 1 Baths \| 925 Sq. Ft.	$214,612

Address	Redfin Estimate
5426 New Cut Rd, Louisville, KY 2 Beds \| - Baths \| 2120 Sq. Ft.	$235,586
832 Palatka Rd, Louisville, KY 4 Beds \| 2 Baths \| 1400 Sq. Ft.	$251,096

Property information provided by Metro Search MLS when last listed in 2026. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 40214, KY

Sale history for 5419 New Cut Rd

Tax history for 5419 New Cut Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 40214

Home values near 5419 New Cut Rd

More real estate resources