4342 Newport Rd,Louisville, KY 40218
Louisville, KY 40218
Description
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.
Details
| MLS # | 1723408 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $200 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 44 |
| Listing Provided By | Schuler Bauer Real Estate Services ERA Powered | Terry Golladay |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,430 |
| Basement | Y |
| Units | 4 |
| Acreage | 0.22 |
Area Information
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40218 |
| Area | 06 Buchel | Hghvw | okolona | FernCreek |
| Community Name | NORFOLK ESTATES |
| Listing VS Median (in NORFOLK ESTATES) | |
Price: $430,000 low | high Med: $430,000 sqft: 3,430 low | high Med: 3,430 $ / sqft: $125 low | high Med: $125 On site: 44 low | high Med: 44 | |
Market Activity 40218
Request a showing
Request a showing
Contact
Learn More About This Property
| State | KY |
|---|---|
| County | Jefferson |
| City | Louisville |
| Zip Code | 40218 |
| Area | 06 Buchel | Hghvw | okolona | FernCreek |
| Community Name | NORFOLK ESTATES |
| Listing VS Median (in NORFOLK ESTATES) | |
Price: $430,000 low | high Med: $430,000 sqft: 3,430 low | high Med: 3,430 $ / sqft: $125 low | high Med: $125 On site: 44 low | high Med: 44 | |
 |  |  |
© 2026 Coldwell Banker McMahan. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker McMahan fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchises are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
