4203 Norene Ln, Louisville, KY, 40219
About This Home
Cash-flowing 4-plex generating approximately $4,800 per month, offering immediate in-place income in one of South Louisville's most reliable rental corridors. Fully leased and stabilized, this property presents a strong opportunity for investors seeking consistent cash flow with minimal upfront work. Each unit features 2 bedrooms and 1 bathroom with updated interiors, LVP flooring, washer and dryer hookups, and renovated kitchens and baths. Separate furnaces and central air systems for each unit allow for efficient operation and simplified long-term management. Positioned just off Preston Hwy near the Outer Loop with quick access to I-65, retail, and dining, this location continues to support strong tenant demand and stable occupancy. Well-maintained multi-family assets at this price point with this level of income and condition are increasingly difficult to find. Ideal for investors seeking a clean, low-maintenance property with immediate returns and long-term upside.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1961
Materials
- Foundation: Crawl Space,Concrete Perimeter
- Roof: Shingle
- Construction materials: Stone Veneer
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Family Room
- Level: First
Family Room
- Level: First
Family Room
- Level: Second
Family Room
- Level: Second
Features
- Finished area below ground: 0
- Finished area above ground: 3,395
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 3,395
- Total interior livable area: 3,395 sqft
Kitchen
- Level: First
Kitchen
- Level: First
Kitchen
- Level: Second
Kitchen
- Level: Second
Property
Details
- Parcel number: 23087000870079
Features
- Stories: 2
- Patio & porch: Porch
- Fencing: Partial,Chain Link
Lot
- Lot size: 0.26 Acres
- Features: Sidewalk
- Lot size dimensions: 0.2557
Parking
- Total spaces: 5
- Parking features: Off Street
- Covered spaces: 5
- Has uncovered spaces: Yes
- Carport: Yes
- Carport spaces: 5
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
- Earthquake
- Heat Wave
- Inland Flooding
- 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 | $2,320 | $27,840 |
| Home Insurance * | $254 | $3,048 |
| Property Taxes | $325 | $3,900 |
| Electricity | $268 | $3,217 |
| Total | $3,167 | $38,004 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Price change | $458,988 |
| 2023-04-12 | Pending sale | $465,000 |
| 2023-04-10 | Sold | $450,000 |
| 2023-03-05 | Contingent | $465,000 |
| 2023-02-20 | Listed for sale | $465,000 |
| 2023-02-15 | Contingent | $465,000 |
| 2023-02-06 | Price change | $465,000 |
| 2022-12-02 | Price change | $485,000 |
| 2022-04-29 | Pending sale | $279,000 |
| 2022-04-29 | Listed for sale | $279,000 |
| 2022-04-08 | Sold | $255,000 |
| 2022-02-02 | Contingent | $279,000 |
| 2022-01-30 | Listed for sale | $279,000 |
| 2020-05-15 | Sold | $155,000 |
| 2020-04-27 | Pending sale | $184,000 |
| 2020-04-02 | Listed for sale | $184,000 |
For Sale by Agent
View on Zillow