Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 Daniels St Covington, KY 41015

    Sponsored
    For Sale
    $259,999

    MULTI_FAMILY - Covington, KY

    Property size:
    1,464 SF
    Lot size:
    0.06 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 20 at 1:06 pm

    Property Features for 109 Daniels St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Window features
    Wood Frames
    Rooms
    Basement
    APN
    056-31-11-003.00
    Parking features
    Off Street
    Fireplace
    1
    Basement
    Full
    Appliances
    Electric Range, Refrigerator
    Size
    1,464 SF
    Lot size
    0.06 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding, Wood Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Josh House

    Realiant Northern KY LLC (859) 351-3624

    Listing agent Josh House (606) 224-0474 License #220133

    Listing date Feb 17, 2026

    MLS# 639935

    Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Covington Multifamily Investment Opportunity

    Located in Latonia, Covington, Kentucky, this multifamily property presents an investment opportunity. The property generates $2,140 per month in rental income. It features two units: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. The property size is 1,464 square feet, situated on a lot of 0.06 acres. The property is located near local amenities, shopping, and major roadways. The property offers immediate cash flow potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.501208
    Latitude
    39.050823

    Nearby Similar for Sale

    • New
      $465,000

      Historic Covington Multifamily Property

      Multifamily property in the heart of Covington, Kentucky.
      114 E 5Th St, Covington, KY 41011
      View Details
    • $349,900
      2,500 SF

      Commercial Condo in Fort Mitchell

      Commercial condo with flexible floor plan in Fort Mitchell, KY.
      2370 Grandview Dr, Covington, KY 41017
      View Details
    • $139,900
      1,500 SF

      Commercial Condo in Fort Mitchell

      Versatile commercial condo ideal for medical or professional office use.
      2372 Grandview Dr, Covington, KY 41017
      View Details
    • $249,900
      1,500 SF

      Commercial Condo in Fort Mitchell

      Commercial condo space suitable for various business types.
      2370 Grandview Dr, Covington, KY 41017
      View Details
    • $240,000
      1,990 SF

      Versatile Commercial Property in Covington

      Adaptable commercial space suitable for office, retail, or redevelopment.
      3612 Caroline Ave, Covington, KY 41015
      View Details
    • $2,495,000
      17,675 SF

      Class A Office Building

      Modern office building in Downtown Covington with existing tenants.
      632 Russell St, Covington, KY 41011
      View Details
    • New
      $525,000

      Historic Covington Multi-Family Property

      Historic multi-family property with commercial space in Covington, Kentucky.
      112 E 5Th St, Covington, KY 41011
      View Details
    • $540,000
      Pending

      Covington Multifamily Property with Garage

      Two-family property near Mainstrasse with garage and backyard.
      328 W 6Th St, Covington, KY 41011
      View Details
    • $475,900
      5,183 SF

      Income Property with River Views

      Income-producing property with river views and development potential in Bromley.
      435 River Rd, Covington, KY 41016
      View Details
    • New
      $330,000
      2,240 SF

      Covington Duplex: Investment Opportunity

      Duplex in Fort Wright with updated unit and steady rental income.
      1222-1224 E Henry Clay Ave, Covington, KY 41011
      View Details
    • $234,900
      Pending

      Updated Mixed-Use Covington Property

      Turnkey investment with commercial space and updated apartment.
      3627 Decoursey Ave, Covington, KY 41015
      View Details
    • $230,000
      Pending

      Covington Duplex Near Elementary School

      Updated duplex near school, move-in ready investment opportunity.
      603 Highland Pike, Covington, KY 41014
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Covington, KY, generating $2,140 monthly rental income.
    Where is this duplex located?
    The property is located at 109 Daniels St Covington, KY.
    What is the asking price?
    The asking price for this property is $259,999.
    What are key features of this property?
    This property features: - Generating $2,140 per month in rental income.; - Two units: **one 2-bedroom, 1-bath and one 1-bedroom, 1-bath.**; - **Immediate cash flow potential.**
    (606) 224-0474
    Request Owner's contact information
    109 Daniels St Covington, KY 41015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Daniels St
    Covington, KY 41015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Daniels St Covington, KY 41015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Josh House
    Real Estate License ID: 220133
    (606) 224-0474
    Learn more
    Google sign-in failed. Please try again or use another login method.