2315 Portland Ave, Louisville, KY 40212

Louisville
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
2315 Portland Ave,Louisville, KY 40212
$304,900
  • 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:$304,900
  • Price per sq. ft.:$91.34

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 (12.8% 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 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...

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Home facts

  • Year built:1900
  • Listing ID #:1709097
  • Added:177 day(s) ago
  • Updated:April 28, 2026 at 02:45 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:$304,900
  • Price per sq. ft.:$91.34

Parking

  • Garage:Yes

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