2 months on rocket

4205 Norene Ln, Louisville, KY, 40219

$360,000

Home List Price

$4,275*

Closing Credit

0 Baths
3,402 SqFt
$106/SqFt
Multi

Location

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4205 Norene Ln, Louisville$360,000

Buyer Closing Credits

$4,275*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1961
HeatingNatural Gas
CoolingWall/Window Unit(s)
MLS #1673019
Lot Size0.23 Acres
StatusActive

About 4205 Norene Ln

Investor's dream! This all-brick 4-plex is located in the heart of Louisville, KY, one of the fastest growing markets in the region. This area specifically has seen a 46% increase in property values over just the last five years. Louisville is known for its solid brick investment properties, offering minimal maintenance and long-term durability—this property is no exception. Whether you're looking to add a stable, income-generating property to your portfolio or secure a long-term investment in a rapidly growing market, this 4-plex checks all the boxes. With a rent roll of $4920 being possible (per the HUD FMR 2025 rates), there is an opportunity to come in and increase the income as well for an easy value add opportunity. Don't miss this opportunity to capitalize on Louisville's booming real estate market!

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 1961
  • Living Area: 3,402 SqFt

Listing Office:

  • Office Name: Keller Williams Louisville East

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: I-264 to Exit 14 Poplar Level Rd. Turn right onto Naomi Dr. Right onto Norene Ln.

Price Information

Listing Price Info

Price Summary:

  • List Price: $360,000
  • Price Per SqFt: $106/SqFt

Tax Information:

  • Annual Amount: $1,324
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

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Louisville, KY

City

Med. Sold Price

$254.8K

Med. Price/SqFt

$186

Avg. Days On Market

125

# of Sold Homes

653

4205 Norene Ln vs Louisville

62 DAYS ON ROCKET

-63 Days

$360,000

+$105.1K More

$106/SqFt

-$80 Less

KEY TAKEAWAY

This property is $105.1K more than the Median Sold Price and $80/SqFt less than other homes in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1673019

Listing Office:

  • Office Name: Keller Williams Louisville East

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:51:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,324$112,500
2019$1,219$112,500
2018$1,181$112,500
2017$1,181$112,500

History based on county public records data.

Payment Calculator

$1,864

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,146

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-139496
1
/10

  • Indian Trail Elementary School

  • 3709 E Indian Trl

  • 0.51 miles

  • Public Magnet Grades KG-5

school-card-donut-139497
1
/10

  • Slaughter Elementary School

  • 3805 Fern Valley Rd

  • 0.71 miles

  • Public District Grades KG-5

school-card-donut-139498
2
/10

  • Rangeland Elementary School

  • 1701 Rangeland Rd

  • 0.76 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,839. Residents of Louisville, KY typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40219›4205 Norene Ln

This home is located at 4205 Norene Ln in Louisville, KY and zip code 40219 in the Newburg neighborhood. This 3,402 square foot home, which was built in 1961, sits on a 0.23 acre lot. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $360,000.

In November 2024 more than 183 listings in Louisville, KY were sold above the asking price. During the same period more than 190 listings were sold at asking price, while more than 280 were sold below. The inventory of homes for sale in Louisville, KY between October 2024 and November 2024 decreased by 3.1%. Listings spent 125 days on the market in November 2024, and had a median list price of $254,840 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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