2315 Portland Ave, Louisville, KY 40212
Local realty services provided by:CENTURY 21 Simpson & Associates
2315 Portland Ave,Louisville, KY 40212
$319,900
- 5 Beds
- 4 Baths
- 3,338 sq. ft.
- Multi-family
- Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1709097
Source:KY_MSMLS
Price summary
- Price:$319,900
- Price per sq. ft.:$95.84
About this home
This rare four-unit investment opportunity consists of two separate parcels sold together, featuring three large units on Portland Avenue and a spacious two-bedroom single-family home with private access and a garage at 2316 Tyler Avenue. The combined properties generate an impressive 12-month NOI of $39,220 (12% CAP) under self-management and have undergone extensive renovations inside and out. The Portland Avenue building includes three fully updated units, each with laundry connections and individual floor heaters in every room for efficient and consistent heating. Units 2 has long-term tenants of over two years who plan to stay, and Unit 1 was newly leased in October 2025. Updates to Portland include new roofing, siding and trim, all-new windows, exterior painting, gutter, exterior lighting, concrete repairs, landscaping, new PEX plumbing, new drain lines, and a 2024 water heater replacement. The Tyler Avenue home was completely remodeled in 2024 prior to the current tenant moving in and features laundry connections, a powerful gas wall heater with a built-in blower fan as the main heat source, brand new roof replacement in 2024 and gutters, full siding and window replacements, exterior paint, landscaping, new flooring, updated bathroom, new lighting, and fully replaced PEX plumbing with updated electrical outlets and switches throughout. Both properties use window air conditioning units and have been outfitted with two new water heaters (only.1 unit in Portland and 1 in Tyler) and new heating systems, reducing HVAC maintenance needs for many years. This efficient setup creates long-term ease of ownership for investors and minimal upkeep. The Tyler Avenue tenant has paid consistently on time and plans to renew, further strengthening the property's performance. These two parcels must be sold together due to a shared water meter, offering a turnkey, low-maintenance investment with a solid rental history and strong cash flow.
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Home facts
- Year built:1900
- Listing ID #:1709097
- Added:116 day(s) ago
- Updated:February 16, 2026 at 04:47 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Basement:Yes
- Living area:3,338 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric, Natural gas
Structure and exterior
- Year built:1900
- Building area:3,338 sq. ft.
- Lot Features:Sidewalk
- Construction Materials:Aluminum siding, Vinyl siding, Wood Frame
- Exterior Features:Patio, Porch
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$319,900
- Price per sq. ft.:$95.84
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