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2201 Griffiths Ave Louisville, KY $ 319,900
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2201 Griffiths Ave
$ 319,900
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2201 Griffiths Ave

Louisville, KY, 40212
$ 319,900
Bedrooms7 Baths4.0 Sq 4,590

Monthly Estimate*

$ 1,970

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Multi-Family Home for sale in Louisville, KY

for $319,900 with 7 bedrooms and 4 full baths. This 4,590 square foot home was built in 1890.

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 owner paying utilities per long-term Section 8 leases (but separately metered) as well as water and sewer (included in T-12 financials and CAP rate), 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.

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Multi-Family Active

Price

$ 319,900

Bedrooms

7

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Year Built

1890

Town/City

Louisville

County/Region

Jefferson

MLS | Web ID

1716279
Features
General
Heating Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Fuel:Natural
Roof Shingle
HOA Fee 0
Architectural Style Traditional
Construction Materials Vinyl Siding Wood Frame Aluminum Siding
Year Built 1890
Tenant Pays Electricity Gas
Property Subtype Quadruplex
County Jefferson
Property Type Multi Family
HOA false
Subdivision Name PORTLAND
Garage Y/N false
Status Active
Directions N/W CORNER OF NORTH 22ND ST. & GRIFFITHS AVE.
City Louisville
Number Of Units Total 4
MLS Area 01-Dtwn Old Louisville/Shively/West Lou
Lot Size Square Feet 0
MLS Area Minor 01-Dtwn Old Louisville/Shively/West Lou
Standard Status Active
Tax Lot 0017
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Interior
Air Conditioning Y/N true
Heating Y/N true
Above Grade Finished Area 4590
Total Bedrooms 7
Below Grade Finished Area 0
Total Baths 4
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Exterior
Exterior Amenities None
Lot Features Corner Lot Sidewalk
Water Source Public
Building Area Total 4590
Lot Dimensions <.25
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* Excluded Features
List By
Exp Realty Llc

Broker

jonathan@gokeysource.com

Email

Affordability Calculator

$1,970
Per Month
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Monthly Principal & Interest
$1,970
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
5/5/2026 $319,900 Listed Price

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2201 Griffiths Ave, Louisville, KY, 40212 is a Multi-Family Home for sale at $319,900 with 4,590 sqft. 2201 Griffiths Ave has 7 bedrooms, 4.0 baths, and was built in 1890. The property's zip code is 40212 which is in Louisville, KY

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