Loading...

Louisville, KY, 40212 • Portland • Jefferson County
$93/sqft
-$5,000 since Apr 1, 2026
Down payment assistance available
5Beds
4Baths
3,338Sqft
1900Built
Traditional Style
Built 1900 · 126 years of history
Portland
Portland
Outdoor Living
Patio · Porch
Garage
Garage
This home is getting attention
Listed 52 days ago · 456 views · 32 saves
Demand and pricing signals for this listing
456 views
People checking out this listing
32 saves
Buyers have saved this home
52 days on market
Established listing
$93/sqft
Price per square foot
Multi Family · Built 1900 · Historic
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.
Standout features identified
Our analysis highlights updated bathroom, all-new windows, and new roofing as key attractions of this home.
Based on current rates
Est. 6.75% rate · 30yr fixed · $247,920 loan
Full calculator →Key facts and listing details
8 categories of property features
Market data and value estimates
3 schools rated nearby
Louisville, KY, 40212
19 events
Local context around this listing
Louisville, KY • Jefferson County
Nearby neighborhoods
Nearby cities
Nearby zip codes
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. © 2026 Metro Search, Inc.
No obligation · Same-day response