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. Also available is another 4-plex at 2201 Griffiths Ave with similar cap rate, perfect for adding all 8 units to your portfolio, buy all 8 units and get a discount. Schedule your tour today.
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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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