2315 Portland Ave
Louisville, KY 40212
5
Bed
4
Bath
3,338Sqft
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 im
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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Lot Information
Lot Dimensions: 50X130Property 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
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Tax Information
Parcel Number: 02005G00080000 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 |
| 2523 St Cecilia St #1 A.., Louisville, KY, 40212 | $69,999 | 4 | 2 | 1,936 | 1,936 SqFt |
| 2611 W Market St, Louisville, KY, 40212 | $99,900 | 7 | 3 | 3,465 | 3,465 SqFt |
| 2715 Saint Xavier St, Louisville, KY, 40212 | $105,000 | 3 | 2 | 1,152 | 1,152 SqFt |
| 444 N 28th St, Louisville, KY, 40212 | $169,000 | 2 | 2 | 1,440 | 1,440 SqFt |
| 2754 W Main St, Louisville, KY, 40212 | $120,000 | 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 | $240,000 | 4 | 4 | 2,184 | 2,184 SqFt |
| 330 N 29th St, Louisville, KY, 40212 | $235,000 | 12 | 10 | -- |
Similar Multifamily To 2315 Portland Ave
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ByOwner last updated this listing 08/23/2026 @ 04:59
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