4342 Newport Rd, Louisville, KY 40218
NORFOLK ESTATES · Jefferson County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Quadruplex
Style
Other
Year Built
1972
Living Area
3,430 sq ft
Lot Size
0.22 acres
Lot Dimensions
59x135x57x136
Parking Spaces
4
MLS® Listing#
1723408
Property Features
Exterior
Cooling
Construction
Roof
Utilities
Water Source
Financial Details
HOA
$200
Parcel Number
23201801680004
Directions
I-264 Exit South on Bardstown Rd Turn Right on Fegenbush Lane Turn Right on Newport Road
Affordability Calculator
$80,000
Estimated monthly payment
$2,129/mo
Principal $320,000 · Est. interest $446,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Louisville, KY
- $300,628
- Median Listing Price
- 38
- Median Days on Market
- 1,718
- Median Sq Ft
- $164
- Median Price / Sq Ft
- 2,258
- Active Listings
- This home’s price is 33% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Louisville, KY.
Location
Points of Interest in Louisville, KY
Showing the Louisville area map.
Nearby Schools
Mercy Academy
School · 0.8 mi away
Watterson Elementary
Elementary · 1.2 mi away
Price Elementary School
Elementary · 1.3 mi away
Nur Islamic School of Louisville
Secondary · 1.4 mi away
Newburg Middle School
Secondary · 1.5 mi away
Rangeland Elementary
Elementary · 1.7 mi away
St. Martha Catholic School
Secondary · 1.7 mi away
Luhr Elementary
Elementary · 2.1 mi away
Klondike Lane Elementary School
Elementary · 2.2 mi away
Seneca High School
Secondary · 2.2 mi away
Buechel Metropolitan High School
Secondary · 2.2 mi away
Binet School
Elementary · 2.2 mi away
John Paul II Academy
School · 2.2 mi away
Goldsmith Elementary School
Elementary · 2.2 mi away
Bright Beginnings Child Development
School · 2.2 mi away
St. Bernard Catholic Community
Elementary · 2.4 mi away
St Gabriel's Gym
School · 2.4 mi away
Moore Traditional School
Secondary · 2.7 mi away
Indian Trail Elementary
Elementary · 2.7 mi away
Smyrna Elementary School
Elementary · 2.7 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3522 Georgetown Pl, Louisville, KY | $299,900 | 8 | 4 | 3,430 |
| 9310 Preston Highway, Louisville, KY | $310,000 | 8 | 4 | 4,696 |
| 3705 Briarbridge Ln, Louisville, KY | $320,000 | 8 | 4 | 3,000 |
| 1711 Liberty Bell Way, Louisville, KY | $325,000 | 8 | 4 | 2,940 |
| 4925 Southside Dr, Louisville, KY | $340,000 | 8 | 5 | 2,982 |
| 628 E Oak St, Louisville, KY | $409,000 | 7 | 4 | 3,202 |
Moving Cost Estimate
EXIT Agents in Louisville
Listing Courtesy: Schuler Bauer Real Estate Services ERA Powered - 5024263600