2201 Griffiths Ave, Louisville, KY

Name: 2201 Griffiths Ave, For Sale in Louisville - Zoocasa
Brand: EXP Realty LLC
SKU: 1716279
Price: 319900 USD

House

For Sale

Listed price in listed location currency (USD).

$319,900

740

MLS® 1716279

Overview

Key Facts

Type Quadruplex

Levels Residential Income

Size 4590 sqft

Garage

Taxes

Days Active 0

Lot Size

Approx. Age 1890

Avg. Price Per Sqft $69

MLS® Number 1716279

Property Address: 2201 Griffiths Ave, Louisville, KY, 40212

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey, income-producing 4-unit multifamily property located at 2201 Griffiths Ave in Louisville's Portland neighborhood, offering strong in-place cash flow and proven operational stability. This fully occupied investment property generates $54, 324 in gross annual income and $43, 044 in net operating income, delivering a 13.5% cap rate at the current list price of $319, 900. The financial performance is supported by a clean T-12 with consistent collections and minimal vacancy, making this a highly financeable asset with an estimated DSCR of approximately 2.0+ under typical lending terms. The property has undergone extensive renovations over the past four years, contributing to tenant retention and reducing near-term capital expenditure needs. The unit mix includes one-, two-, and three-bedroom units, supporting broad rental demand, while long-term tenants provide additional income stability. Operationally, the property is efficient and easy to manage, with tenants paying separately metered utilities and ownership responsible only for water and sewer, resulting in a low expense ratio of approximately 21% and a strong NOI margin near 79%. There is no significant exterior or landscaping maintenance required, making this a low-management, high-yield investment opportunity. Located just minutes from Downtown Louisville, the property benefits from consistent demand for workforce housing and offers convenient access to major employment centers, logistics corridors, and transportation routes. This is an ideal opportunity for cash flow investors, 1031 exchange buyers, or anyone seeking a stabilized multifamily asset with immediate returns and strong financing fundamentals.

MLS® Number1716279

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1890

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 5, 2026List Date

$319,900List Price

Map

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