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    Covington, KY Apartment Buildings for Sale

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    5-Unit Multifamily with Shared Roof
    Updated: May 29
    5-Unit Multifamily with Shared Roof

    112-114 East 5th Street, Covington, KY 41011

    $699,000
    5,184 sqft
    Multifamily property with 5 total rental units and a common wall configuration with 112 E 5th Street
    Year built: 1860; classic architectural details with modernized systems
    Central air cooling plus forced‑air natural gas heating
    Full basement; 6 bathrooms and laundry in‑unit
    4 fireplaces (listed as inoperable) with security lights and smoke detector(s)
    View details
    Turnkey 5-Unit Multifamily Property
    Updated: Jun 19
    Turnkey 5-Unit Multifamily Property

    661 West Pike Street, Covington, KY 41011

    $465,000
    3,066 sqft
    5‑unit brick multifamily built in 1890 with a unit mix of two 2BR, two 1BR, and one 3BR
    Current rents listed: $900 (3BD), $800 (2BR), $900 (1BR), $800 (2BR), and $850 (1BR)
    Tenant‑paid electric; owner covers water and trash for the building
    Full basement with storage and walk‑in closets in the units
    Heating includes baseboard, electric, and natural gas; smoke detectors and fire escape included
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Covington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Corner Retail with Residential Units
    Corner Retail with Residential Units

    1101 Isabella St, Newport, KY 41071

    $599,000
    3,930 sqft

    Historic corner property combining a rented storefront and multiple apartments for steady, mixed-use income.

    View details
    Micro-Unit Apartment Building
    Micro-Unit Apartment Building

    217 West 13th Street, Newport, KY 41071

    $897,750
    3,906 sqft

    Six micro-unit apartments feature in-unit laundry and full kitchens, with a basement for storage and street parking.

    View details
    Mixed-Use Building Redevelopment
    Mixed-Use Building Redevelopment

    1614 Walnut St, Cincinnati, OH 45202

    $400,000
    10,800 sqft

    Nearly completed 1870 historic building with ground-floor storefronts and five apartments configured above.

    View details
    Land with City/River Views
    Land with City/River Views

    1112 Fuller Street, Cincinnati, OH 45202

    $900,000
    0.10 AC lot

    Double flat lot with a four-unit building in Cincinnati.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details

    Off-Market Properties in Covington, KY

    Consider similar Off-Market properties in Covington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    980 Emery Dr, Unit 1030
    APARTMENT HOUSE (5+ UNITS)

    980 Emery Dr, Covington, KY 41011-4069

    Unit 1030
    Value Estimation by Request
    3,257 sqft 8.33 AC lot
    View details
    2530 Chelsea Dr
    APARTMENT HOUSE (5+ UNITS)

    2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

    Value Estimation by Request
    30.11 AC lot
    View details
    32 Orphanage Rd, Unit 36
    APARTMENT HOUSE (5+ UNITS)

    32 Orphanage Rd, Ft Wright, KY 41017-3048

    Unit 36
    $1,510,000
    Estimated value
    9,072 sqft 0.75 AC lot
    View details
    49 Burdsall Ave
    APARTMENT HOUSE (5+ UNITS)

    49 Burdsall Ave, Ft Wright, KY 41017-2820

    Value Estimation by Request
    3,456 sqft 0.33 AC lot
    View details
    1710 Eastern Ave, Unit 12
    APARTMENT HOUSE (5+ UNITS)

    1710 Eastern Ave, Covington, KY 41014-1468

    Unit 12
    Value Estimation by Request
    0.24 AC lot
    View details
    412 45th St
    APARTMENT HOUSE (5+ UNITS)

    412 45th St, Covington, KY 41015-1888

    Value Estimation by Request
    4,095 sqft 0.16 AC lot
    View details
    57 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    57 Wallace Ave, Covington, KY 41014-1246

    Value Estimation by Request
    0.20 AC lot
    View details
    111 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    111 Wallace Ave, Covington, KY 41014-5168

    Value Estimation by Request
    0.60 AC lot
    View details
    17 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    17 Wallace Ave, Covington, KY 41014-5103

    Value Estimation by Request
    2,915 sqft 0.19 AC lot
    View details
    1811 Pearl St, Unit 13
    APARTMENT HOUSE (5+ UNITS)

    1811 Pearl St, Covington, KY 41014-1211

    Unit 13
    Value Estimation by Request
    3,886 sqft 0.07 AC lot
    View details
    727 Bakewell St
    APARTMENT HOUSE (5+ UNITS)

    727 Bakewell St, Covington, KY 41011-1201

    Value Estimation by Request
    0.04 AC lot
    View details
    725 Bakewell St
    APARTMENT HOUSE (5+ UNITS)

    725 Bakewell St, Covington, KY 41011-1219

    Value Estimation by Request
    0.05 AC lot
    View details
    723 Bakewell St
    APARTMENT HOUSE (5+ UNITS)

    723 Bakewell St, Covington, KY 41011-1211

    Value Estimation by Request
    0.05 AC lot
    View details
    1623 Saint Anthony Dr
    APARTMENT HOUSE (5+ UNITS)

    1623 Saint Anthony Dr, Covington, KY 41011-3763

    Value Estimation by Request
    3,240 sqft 0.10 AC lot
    View details
    8 16th St, Unit 14
    APARTMENT HOUSE (5+ UNITS)

    8 16th St, Covington, KY 41011-3306

    Unit 14
    Value Estimation by Request
    0.11 AC lot
    View details
    109th Wrights Pt Dr
    APARTMENT HOUSE (5+ UNITS)

    109th Wrights Pt Dr, Covington, KY 41011-3792

    Value Estimation by Request
    11.50 AC lot
    View details
    60-62 Woodlawn Ave
    APARTMENT HOUSE (5+ UNITS)

    60-62 Woodlawn Ave, Ft Wright, KY 41017

    Value Estimation by Request
    5,702 sqft 0.46 AC lot
    View details
    24 10th St
    APARTMENT HOUSE (5+ UNITS)

    24 10th St, Covington, KY 41011-3086

    Value Estimation by Request
    2,499 sqft 0.04 AC lot
    View details
    1534 Greenup St
    APARTMENT HOUSE (5+ UNITS)

    1534 Greenup St, Covington, KY 41011-3441

    Value Estimation by Request
    5,148 sqft 0.25 AC lot
    View details
    1017 Scott St
    APARTMENT HOUSE (5+ UNITS)

    1017 Scott St, Covington, KY 41011-3152

    $860,000
    Estimated value
    5 sqft 0.04 AC lot
    View details
    1013 Scott St
    APARTMENT HOUSE (5+ UNITS)

    1013 Scott St, Covington, KY 41011-3123

    $860,000
    Estimated value
    5 sqft 0.04 AC lot
    View details
    1019 Scott St
    APARTMENT HOUSE (5+ UNITS)

    1019 Scott St, Covington, KY 41011-4252

    $865,000
    Estimated value
    0.04 AC lot
    View details

    Covington, KY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Covington, KY on our real estate platform. These investment opportunities span a total of 8,250 square feet of properties for sale, with an estimated market value of $1,164,000.

    Sale prices for two-family homes in Covington, KY start at $465,000, averaging $582,000, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 130K
    Population Growth (5Y) +1.5%
    Median Household Income $76,910
    College Educated 34.8%

    Taxes & Financing

    Tax Rate (average for all types) 1.26%
    Property Tax per SF $7.10 per SF
    Tax Rate vs County Average 0.15 pp above county avg
    Average Loan-to-Value 65.0%

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Covington fall within the 10,000 to 25,000 square foot range.

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