4342 Newport Rd, Louisville, KY 40218

• 8 beds |
• 4 baths |
• 3,430 sqft

Property 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.

Listing Status:

Active

Date Added:

July 15, 2026

Data Last Updated:

August 6, 2026 at 7:37AM

Listing Office:

Schuler Bauer Real Estate Services ERA Powered : 502-426-3600

MLS ID:

1723408

Interior

• A/C: Central Air

Exterior

• General: None
• Style: Other

Construction

• Roofing: Asphalt
• General: Brick Veneer

Location

• HOA Amenities: 200.0
• Originating MLS: APEX MLS (Greater Louisville Association of REALTORS®)
• County: Jefferson

Lot

• Zoning: 23201801680004

Utilities

• Utilities: Electricity ConnectedFuel:Natural
• Water: Public

Financial

• Source: APEX MLS (Greater Louisville Association of REALTORS®)