2201 Griffiths Ave, Louisville, KY 40212
Local realty services provided by:CENTURY 21 Simpson & Associates
2201 Griffiths Ave,Louisville, KY 40212
$309,900
- 7 Beds
- 4 Baths
- 4,590 sq. ft.
- Multi-family
- Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1716279
Source:KY_MSMLS
Price summary
- Price:$309,900
- Price per sq. ft.:$67.52
About this home
Turnkey, income-producing 4-unit multifamily property located at 2201 Griffiths Ave in Louisville's Portland neighborhood, offering strong in-place cash flow and proven operational stability. This fully occupied investment property generates $54,324 in gross annual income and $43,044 in net operating income, delivering a 13.5% cap rate at the current list price of $319,900. The financial performance is supported by a clean T-12 with consistent collections and minimal vacancy, making this a highly financeable asset with an estimated DSCR of approximately 2.0+ under typical lending terms. The property has undergone extensive renovations over the past four years, contributing to tenant retention and reducing near-term capital expenditure needs. The unit mix includes one-, two-, and three-bedroom units, supporting broad rental demand, while long-term tenants provide additional income stability. Operationally, the property is efficient and easy to manage, with owner paying utilities per long-term Section 8 leases (but separately metered) as well as water and sewer (included in T-12 financials and CAP rate), resulting in a low expense ratio of approximately 21% and a strong NOI margin near 79%. There is no significant exterior or landscaping maintenance required, making this a low-management, high-yield investment opportunity. Located just minutes from Downtown Louisville, the property benefits from consistent demand for workforce housing and offers convenient access to major employment centers, logistics corridors, and transportation routes. This is an ideal opportunity for cash flow investors, 1031 exchange buyers, or anyone seeking a stabilized multifamily asset with immediate returns and strong financing fundamentals. Also available is another 4-plex at 2315 Portland Ave with similar cap rate, perfect for adding all 8 units to your portfolio, buy all 8 units and get a discount....
Contact an agent
Home facts
- Year built:1890
- Subdivision & Development:PORTLAND
- Listing ID #:1716279
- Added:99 day(s) ago
- Updated:August 08, 2026 at 03:24 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:4
- Basement:Yes
- Living area:4,590 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Natural gas
Structure and exterior
- Year built:1890
- Building area:4,590 sq. ft.
- Lot Features:Sidewalk
- Architectural Style:Traditional
- Construction Materials:Aluminum siding, Vinyl siding, Wood Frame
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$309,900
- Price per sq. ft.:$67.52
New listings near 2201 Griffiths Ave
- New
$299,500Active3 beds 3 baths2,000 sq. ft.12562 Spring Falls Ct, Louisville, KY 40229
MLS# 1726069Listed by: KNOB & KEY REALTY, LLC - New
$1,450,000Active5 beds 5 baths5,839 sq. ft.12303 Old Lucas Ln, Louisville, KY 40223
MLS# 1726070Listed by: KENTUCKY SELECT PROPERTIES - New
$459,900Active3 beds 4 baths3,620 sq. ft.10611 Providence Dr, Louisville, KY 40291
MLS# 1726072Listed by: SEMONIN REALTORS - New
$360,000Active4 beds 3 baths2,250 sq. ft.10619 Brook Chase Ct, Louisville, KY 40228
MLS# 1726073Listed by: VENTURE REALTY LLC - New
$190,000Active2 beds 1 baths1,083 sq. ft.3224 Stratford Ave, Louisville, KY 40218
MLS# 1726074Listed by: SIMPLER.REALESTATE - Coming Soon
$435,000Coming Soon3 beds 2 baths417 Eline Ave, Louisville, KY 40207
MLS# 1726084Listed by: SIMPLER.REALESTATE - New
$325,000Active2 beds 3 baths1,510 sq. ft.959 Baxter Ave, Louisville, KY 40204
MLS# 1726086Listed by: PERKINS REALTY GROUP - New
$429,000Active4 beds 4 baths3,735 sq. ft.1036 S 6th St, Louisville, KY 40203
MLS# 1726064Listed by: RE/MAX RESULTS - New
$309,999Active3 beds 2 baths2,106 sq. ft.8303 Smithton Rd, Louisville, KY 40219
MLS# 1726066Listed by: ZHOMES REAL ESTATE - New
$299,900Active3 beds 3 baths2,234 sq. ft.9720 Springwater Ct, Louisville, KY 40229
MLS# 1726067Listed by: DREAM J P PIRTLE REALTORS