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2315 Portland Ave, Louisville, KY 40212

Louisville
Local realty services provided by:CENTURY 21 Simpson & Associates
2315 Portland Ave,Louisville, KY 40212
$274,900
  • 5 Beds
  • 4 Baths
  • 3,338 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan d klunk
Office: exp realty llc.
MLS#:1726467
Source:KY_MSMLS

Price summary

  • Price:$274,900
  • Price per sq. ft.:$82.35

About this home

Projected 12.9% self-managed cap rate (11.6% professionally managed). This four-unit investment opportunity consists of two adjacent parcels being sold together, including a three-unit apartment building at 2315 Portland Avenue and a detached single-family home with private access and garage at 2316 Tyler Avenue. The property generates $45,984 in annual gross income and $36,084 in annual NOI. One unit is currently vacant and rent-ready, allowing the next owner to immediately increase income while the remaining units continue generating cash flow. The Portland Avenue building (3 units) has undergone extensive improvements, including newer roofing, siding, trim, replacement windows, exterior paint, gutters, exterior lighting, concrete repairs, landscaping, updated PEX plumbing, drain line improvements, and a newer water heater. Each apartment includes laundry connections and individual room heaters for efficient heating and simplified maintenance. The detached Tyler Avenue home ( 1 SFR)...

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Home facts

  • Year built:1900
  • Subdivision & Development:PORTLAND
  • Listing ID #:1726467
  • Added:46 day(s) ago
  • Updated:October 02, 2026 at 03:33 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
  • Architectural Style:Traditional
  • Construction Materials:Aluminum siding, Vinyl siding, Wood Frame
  • Exterior Features:Patio, Porch

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$274,900
  • Price per sq. ft.:$82.35

Parking

  • Garage:Yes

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