Renovated Four-Unit
For Sale
$309,900
2201 Griffiths Ave, Louisville, KY 40212
Multi Family, Louisville, KY
Property Size4,590 SF
Price / SF$67.52
Days on Market11
Property Features for 2201 Griffiths Ave
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Basement, Bedroom 6, Bedroom 7, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 1
Subdivision
PORTLAND
Lot features
Corner Lot, Sidewalk
Directions
N/W CORNER OF NORTH 22ND ST. & GRIFFITHS AVE.
Standard status
Active
APN
004J00170000
Size
4,590 SF
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1890
Number of units
4
Building materials
Vinyl Siding, Wood Frame, Aluminum Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
EXP Realty LLC
(888) 624-6448
Listed By:
Jonathan D Klunk · License #KY251476
(888) 624-6448
Added: Aug 17
Changed: Aug 26
Last Checked: Aug 27 at 2:06AM
MLS# 1726465
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains 4,590 square feet and includes a mix of one-, two-, and three-bedroom residences. Renovation work has been completed over the past four years. The building features a basement, wood-frame construction with vinyl and aluminum siding, shingle roofing, natural-gas heat, and wall or window air-conditioning units. Public water and public sewer serve the property.
All four units are occupied under long-term Section 8 leases. The owner pays utilities, with separate metering in place, while water and sewer expenses are included in the operating figures. The property was built in 1890 and is located at 2201 Griffiths Ave in Louisville’s Portland neighborhood, with convenient access to Downtown Louisville and area transportation routes.
Current operating metrics include a 13.5% cap rate, approximately 21% expense ratio, near-79% NOI margin, and estimated DSCR of approximately 2.0+.
All four units are occupied under long-term Section 8 leases. The owner pays utilities, with separate metering in place, while water and sewer expenses are included in the operating figures. The property was built in 1890 and is located at 2201 Griffiths Ave in Louisville’s Portland neighborhood, with convenient access to Downtown Louisville and area transportation routes.
Current operating metrics include a 13.5% cap rate, approximately 21% expense ratio, near-79% NOI margin, and estimated DSCR of approximately 2.0+.
Key Highlights
- Four‑unit multifamily property totaling 4,590 square feet
- One-, two-, and three‑bedroom unit mix
- Fully occupied with long‑term Section 8 leases
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 40212, KY
16,360
Population
8,061
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
81%
High-School Grad
3.8 sq mi
ZIP Area
4,305
Density / Sq Mi
$35,389
Median Household Income
$28,506
Median Earnings
$917
Median Rent
$78,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovations completed over the past four years support a fully occupied property with one-, two-, and three-bedroom units.
Where is this quadplex located?
The property is located at 2201 Griffiths Ave Louisville, KY.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 4,590 square feet; One-, two-, and three‑bedroom unit mix; Fully occupied with long‑term Section 8 leases
