Projected 12.9% self-managed cap rate (11.6% professionally managed). This four-unit investment opportunity consists of two adjacent parcels being sold together, including a three-unit apartment building at 2315 Portland Avenue and a detached single-family home with private access and garage at 2316 Tyler Avenue. The property generates $45,984 in annual gross income and $36,084 in annual NOI. One unit is currently vacant and rent-ready, allowing the next owner to immediately increase income while the remaining units continue generating cash flow. The Portland Avenue building (3 units) has undergone extensive improvements, including newer roofing, siding, trim, replacement windows, exterior paint, gutters, exterior lighting, concrete repairs, landscaping, updated PEX plumbing, drain line improvements, and a newer water heater. Each apartment includes laundry connections and individual room heaters for efficient heating and simplified maintenance. The detached Tyler Avenue home ( 1 SFR) was extensively renovated before the current tenancy and features updated flooring, bathroom, lighting, plumbing, electrical devices, replacement siding and windows, a newer roof and gutters, laundry connections, and a spacious detached garage. Both properties utilize window AC units and efficient, low-maintenance heating systems designed to minimize long-term ownership costs. The properties share a water service and are being sold together, creating a turnkey investment with stable long-term tenants, immediate leasing upside, and attractive cash flow from day one. A current rent roll and operating information are available under Documents.
90 days
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233
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25
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Zillow last checked:
Listing updated:
Listed by:
Jonathan D Klunk888-624-6448,
EXP Realty LLC
Source: Metro Search Inc. LLC DBA Apex MLS,MLS#: 1716415
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Heating
Electric, Natural Gas, Other
Cooling
Wall/Window Unit(s)
Features
Has basement: Yes
Interior area
Total structure area: 3,338
Total interior livable area: 3,338 sqft
Finished area above ground: 3,338
Finished area below ground: 0
Property
Parking
Parking features: Garage
Has garage: Yes
Features
Patio & porch: Patio, Porch
Exterior features: None
Lot
Features: Sidewalk
Details
Parcel number: 005G00080000
Construction
Type & style
Home type: MultiFamily
Architectural style: Traditional
Property subtype: Quadruplex
Attached to another structure: Yes
Materials
Vinyl Siding, Wood Frame, Aluminum Siding
Roof: Asphalt,Shingle
Condition
Year built: 1900
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Community
Subdivision: Portland
HOA
Has HOA: No
Location
Region: Louisville
Financial & listing details
Price per square foot: $84/sqft
Date on market: 5/6/2026
Tenant pays: Electricity
Electric utility on property: Yes
Estimated market value
Zestimate®
$275,700
Estimated sales range
$262,000 - $289,000
Rent Zestimate®
$1,155/mo
Price history
Date
Event
Price
6/18/2026
Price change
$279,900-1.8%$84/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716415Report a problem
6/8/2026
Price change
$284,900-1.7%$85/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716415Report a problem
5/22/2026
Price change
$289,900-1.7%$87/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716415Report a problem
5/6/2026
Price change
$294,900-3.3%$88/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1716415Report a problem
4/22/2026
Price change
$304,900-1.6%$91/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1709097Report a problem
4/1/2026
Price change
$309,900-1.6%$93/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1709097Report a problem
3/11/2026
Price change
$314,900-1.6%$94/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1709097Report a problem
2/16/2026
Listed for sale
$319,900$96/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1709097Report a problem
12/10/2025
Listing removed
$319,900$96/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1702368Report a problem
12/4/2025
Price change
$319,900-1.5%$96/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1702368Report a problem
11/24/2025
Price change
$324,900-1.2%$97/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1702368Report a problem
11/1/2025
Price change
$329,000+88%$99/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1702368Report a problem
11/30/2023
Listed for sale
$175,000$52/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1647861Report a problem
11/17/2023
Contingent
$175,000$52/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1647861Report a problem
10/18/2023
Price change
$175,000-2.8%$52/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1647861Report a problem
8/9/2023
Price change
$180,000-5.3%$54/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1639175Report a problem
6/20/2023
Price change
$190,000-5%$57/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1639175Report a problem
5/12/2023
Listed for sale
$200,000+142.6%$60/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1636389Report a problem
3/25/2021
Sold
$82,425-25%$25/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
2/9/2021
Pending sale
$109,900$33/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
2/2/2021
Contingent
$109,900$33/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
1/29/2021
Listed for sale
$109,900$33/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
1/19/2021
Pending sale
$109,900$33/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
1/14/2021
Listed for sale
$109,900$33/sqft
Source: Metro Search Inc. LLC DBA Apex MLS #1577329Report a problem
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Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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