# 2315 Portland Ave, Louisville, KY 40212

> **TL;DR:** 5bd/4ba residential multi family, $309,900 ($93/sqft), built 1900, 3,338 sqft.
> A/C. Est. $1,343/mo. Listed 53 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $309,900 |
| Price/sqft | $93 |
| Bedrooms | 5 |
| Bathrooms | 4 full |
| Square Feet | 3,338 |
| Year Built | 1900 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 53 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,343 |
| **Total** | **$1,343** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1900

## Description

### Agent Description
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 moving in and features laundry connections, a powerful gas wall heater with a built-in blower fan as the main heat source, brand new roof replacement in 2024 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 (only.1 unit in Portland and 1 in Tyler) and new heating systems, reducing HVAC maintenance needs for many years. This efficient setup creates long-term ease of ownership for investors and minimal upkeep. The Tyler Avenue tenant has paid consistently on time and plans to renew, further strengthening the property's performance. 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.

## Location

- **Address:** 2315 Portland Ave, Louisville, KY 40212
- **County:** Jefferson
- **Neighborhood:** PORTLAND
- **Coordinates:** 38.270052, -85.786363
- **Google Maps:** https://www.google.com/maps?q=38.270052,-85.786363

## Listing Agent

- **Name:** Jonathan D Klunk
- **Brokerage:** EXP Realty LLC
- **Phone:** (188) 862-4644 x8
- **Email:** jonathan@gokeysource.com

## Primary Photo

![2315 Portland Ave - Primary Photo](http://lh.rdcpix.com/d824ffa6f5a95dd487ae9252d307bb0bl-f758214982r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/2315-portland-ave-louisville-ky-40212-1709097)*

---

**MLS#:** 1709097 | **Updated:** 2026-04-25
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/2315-portland-ave-louisville-ky-40212-1709097)

---

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