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2201 Griffiths Ave, Louisville, KY 40212

Louisville
Local realty services provided by:CENTURY 21 Simpson & Associates
2201 Griffiths Ave,Louisville, KY 40212
$304,900
  • 7 Beds
  • 4 Baths
  • 4,590 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1726465
Source:KY_MSMLS

Price summary

  • Price:$304,900
  • Price per sq. ft.:$66.43

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...

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Home facts

  • Year built:1890
  • Subdivision & Development:PORTLAND
  • Listing ID #:1726465
  • Added:46 day(s) ago
  • Updated:October 02, 2026 at 03:33 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:$304,900
  • Price per sq. ft.:$66.43

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