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    2315 Portland Ave Louisville, KY 40212

    New
    For Sale
    $319,900

    MULTI_FAMILY - Louisville, KY

    Property size:
    3,338 SF
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 2315 Portland Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    4
    APN
    005G00080000
    Patio and Porch features
    Patio, Porch
    Size
    3,338 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    4
    Building materials
    Vinyl Siding, Wood Frame, Aluminum Siding
    Roof type
    Shingle, Asphalt

    eXp Realty (888) 624-6448 [email protected]

    Listing agent Jonathan D Klunk (888) 624-6448

    Listing date Dec 4, 2025

    MLS# 1702368 Listing URL

    Copyright © 2025 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Unit Investment Opportunity in Louisville

    This rare four-unit investment opportunity consists of two separate parcels sold together. The properties feature three large units on Portland Avenue and a spacious two-bedroom single-family home with private access and a garage on Tyler Avenue. The combined properties generate a 12-month NOI of $39,220 under self-management. The properties 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. Units 2 and 3 have 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, gutters, 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 moving in and features laundry connections, a gas wall heater with a built-in blower fan, new shingles and gutters, full siding and window replacements, exterior paint, landscaping, new flooring, updated bathroom, new lighting, and fully replaced PEX plumbing with updated electrical outlets and switches throughout. Both properties use window air conditioning units and have been outfitted with two new water heaters and new heating systems. The Tyler Avenue tenant has paid consistently on time and plans to renew. These two parcels must be sold together due to a shared water meter, offering a turnkey, low-maintenance investment with a solid rental history and strong cash flow. The property size is 3338 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.786363
    Latitude
    38.270052

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    FAQs

    What type of property is this?
    Quadplex - Rare investment opportunity with strong cash flow and solid rental history.
    Where is this quadplex located?
    The property is located at 2315 Portland Ave Louisville, KY.
    What is the asking price?
    The asking price for this property is $319,900.
    What are key features of this property?
    This property features: - High-Performing Investment: Generates a 12% CAP rate with a $39,220 NOI under self-management.; - Turnkey & Low-Maintenance: Extensively renovated inside and out, ensuring minimal upkeep for years to come.; - Four Units Included: Features three updated units on Portland Avenue and a remodeled two-bedroom single-family home on Tyler Avenue.
    (888) 624-6448
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    2315 Portland Ave Louisville, KY 40212
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    Louisville, KY 40212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2315 Portland Ave Louisville, KY 40212
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