Investor alert! Welcome to 4534 Lake Dreamland Dr, a unique opportunity tucked into a quiet, wooded neighborhood in Louisville, KY. This property is perfect for an investor looking to create two rental units with excellent potential for cash flow. The downstairs unit is fully complete, featuring three spacious bedrooms and one full bathroom, along with a private deck and outdoor space ideal for relaxing or entertaining. The upstairs unit is partially finished and, once completed, will mirror the lower level with its own three-bedroom, one-bathroom layout—doubling your income possibilities. The home also offers plenty of parking, providing convenience for tenants or guests, and the lot has ample space for outdoor use or future improvements.
Located just minutes from (cont. >> >>) Cane Run Road, this property offers both privacy and convenience. Nearby, you'll find everyday amenities like grocery stores, including Kroger and Dollar General, along with a variety of local dining options from quick takeout to sit-down restaurants. The area is also home to several community parks such as Riverside Gardens Park, where you can enjoy river views, green space, and walking trails. With easy access to I-264, commuting to downtown Louisville, the airport, or other parts of the city is a breeze.
Whether you're planning to rent both units or live in one while generating income from the other, this property offers smart, flexible investment potential in a well-established part of Louisville.
Sold for $75,000 on 07/11/25
$75,000
4534 Lake Dreamland Dr, Louisville, KY 40216
3beds
1,824sqft
Single Family Residence
Built in 1938
8,712 Square Feet Lot
$-- Zestimate®
$41/sqft
$1,591 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 10, 2025 at 10:17pm
Listed by:
Mission Impact Group,
Keller Williams Louisville East,
Andrew D Beckmann 502-641-5411
Bought with:
Anna Johnson, 221997
Keller Williams Realty- Louisville
Source: GLARMLS,MLS#: 1684034

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Full bathroom
- Level: First
Kitchen
- Description: Eat in Kitchen
- Level: First
Laundry
- Level: Basement
Living room
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 1,824
- Total interior livable area: 1,824 sqft
- Finished area above ground: 1,824
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 2
- Patio & porch: Deck
- Fencing: Wood
Lot
- Size: 8,712 sqft
- Features: Cleared, Level
Details
- Parcel number: 100600820000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- Year built: 1938
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Louisville
- Subdivision: Lake Dreamland
HOA & financial
HOA
- Has HOA: No