USAKYLouisvillePortland2315 Portland Ave
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$279,900

For Sale

A day ago

2315 Portland Ave, Louisville, KY

House

MLS® 1726467

5 Bed

4 Bath

3338 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 3338 sqft
Garage Yes
Taxes 
Days Active 1
Lot Size 0 SF
Approx. Age 1900
Avg. Price Per Sqft $83
MLS® Number 1726467

Property Address: 2315 Portland Ave, Louisville, KY, 40212-1048

Average square foot calculated using Size range provided by listing agent.

Description

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) was extensively renovated before the current tenancy and features updated flooring, bathroom, lighting, plumbing, electrical devices, replacement siding and windows, a newer roof and gutters, laundry connections, and a spacious detached garage. Both properties utilize window AC units and efficient, low-maintenance heating systems designed to minimize long-term ownership costs. The properties share a water service and are being sold together, creating a turnkey investment with stable long-term tenants, immediate leasing upside, and attractive cash flow from day one. A current rent roll and operating information are available under Documents.
MLS® Number1726467
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1900
Basement
Driveway
Garage Spaces
HeatNatural Gas, Other, Electric
A/CWall/Window Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 17, 2026List Date
$279,900List Price
  • Commute

Commute

Starting Address
Destination Address
2315 Portland Ave, Louisville, KY

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Listing Agent

Jonathan D Klunk

[email protected]
(502) 410-8181
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