4342 Newport Rd, Louisville, KY, 40218
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Asphalt
- Construction materials: Brick Veneer
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Quadruplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 4
Cooling
- Cooling features: Central Air
Features
- Finished area below ground: 0
- Finished area above ground: 3,430
Interior Area
- Total structure area: 3,430
- Total interior livable area: 3,430 sqft
Property
Details
- Parcel number: 23201801680004
- Attached to another structure: Yes
Features
- Exterior features: None
Lot
- Lot size: 9,583 sqft
- Lot size dimensions: 59 x 135 x 57 x 136
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
- Inland Flooding
- Cold Wave
- Earthquake
- Hail
- Heat Wave
- Ice Storm
- 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 | $2,174 | $26,088 |
| Home Insurance * | $268 | $3,216 |
| Property Taxes | $304 | $3,648 |
| Electricity | $270 | $3,250 |
| Total | $3,016 | $36,192 |
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 |
|---|---|---|
| 2026-07-21 | Price change | $430,000 |
| 2026-07-15 | Listed for sale | $400,000 |
| 2026-03-11 | Listing removed | $895 |
| 2026-01-19 | Listed for rent | $895 |
| 2025-05-08 | Sold | $379,200 |
| 2025-03-14 | Pending sale | $395,000 |
| 2025-03-03 | Contingent | $395,000 |
| 2025-02-27 | Listed for sale | $395,000 |
| 2017-09-29 | Sold | $114,509 |
| 2017-06-05 | Pending sale | $115,000 |
| 2017-05-31 | Listed for sale | $115,000 |
For Sale by Agent
View on Zillow