2315 Portland Ave
Louisville, KY 40212
5
Bed
4
Bath
3,338Sqft
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 (12.8% 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 l
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 5Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Electric, Natural Gas, Other Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1900 Building Area Total: 3338 Construction Materials: Vinyl Siding, Aluminum Siding, Frame Patio And Porch Features: Patio, Porch Private Pool: No -
Exterior Features
Exterior Features: None
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Property Information
Subdivision: PORTLAND Source Property Type: Residential Income MLS Area Minor: 01-Dtwn Old Louisville/Shively/West Lou Property SubType: Quadruplex Property Age: 126
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Listing Price Information
Listing Price: $279900 Original Price: $294900
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Tax Information
Parcel Number: 005G00080000 Tax Lot: 005G Tax Block: 0008
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Parking Information
Parking Total: 1Garage Information
Has Garage: Yes
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Utility Information
Natural Gas Available, Electricity Connected -
Location Information
Direction: I64 to 22nd St. Right on Portland Ave to property on right. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2201 Griffiths Ave, Louisville, KY, 40212 | $309,900 | 7 | 4 | 4,590 | 4,590 SqFt |
| 2142 Duncan St, Louisville, KY, 40212 | $160,000 | 3 | 1 | 1,310 | 1,310 SqFt |
| 2518/2520 Rowan St, Louisville, KY, 40212 | $150,000 | 6 | 2 | 2,604 | 2,604 SqFt |
| 2611 W Market St, Louisville, KY, 40212 | $99,900 | 7 | 3 | 3,465 | 3,465 SqFt |
| 2715 Saint Xavier St, Louisville, KY, 40212 | $115,000 | 3 | 2 | 1,152 | 1,152 SqFt |
| 444 N 28th St, Louisville, KY, 40212 | $175,000 | 2 | 2 | 1,440 | 1,440 SqFt |
| 2754 W Main St, Louisville, KY, 40212 | $155,000 | 5 | 3 | 2,335 | 2,335 SqFt |
| 333 N 29th St, Louisville, KY, 40212 | $155,000 | 8 | 4 | 2,432 | 2,432 SqFt |
| 2751 Alford Ave, Louisville, KY, 40212 | $250,000 | 4 | 4 | 2,184 | 2,184 SqFt |
| 330 N 29th St, Louisville, KY, 40212 | $250,000 | 12 | 10 | -- |
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ByOwner last updated this listing 07/25/2026 @ 15:22
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