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    1451 Madison Ave Covington, KY 41011

    Sponsored
    For Sale
    $395,000

    MULTI_FAMILY - Covington, KY

    Type:Apartment
    Property size:
    2,633 SF
    Lot size:
    0.04 Acres
    Days on Market:
    109
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 1451 Madison Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Window features
    Vinyl Frames
    Rooms
    Basement
    APN
    055-13-04-006.00
    Parking features
    On Street
    Fireplace
    1
    Basement
    Full
    Appliances
    Electric Range, Refrigerator
    Size
    2,633 SF
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    5
    Building materials
    Brick
    Roof type
    Shingle

    HUFF Realty, LLC (859) 344-4616 [email protected]

    Listing agent Shane Reno (859) 525-7900 License #271357

    Listing date Sep 19, 2025

    MLS# 636361 Listing URL

    Copyright © 2025 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.

    Overview

    Covington Multifamily Investment Opportunity

    This multifamily property is a 5-unit rental located on historic Madison Avenue in Covington, Kentucky. The property generates approximately $4,700 in gross monthly income. The building has been recently remodeled and features luxury vinyl plank flooring and tile bathrooms. New HVAC systems have been installed. The unit mix includes one, two, and three-bedroom floor plans. The property size is 2,633 square feet and the lot size is 0.04 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.507976
    Latitude
    39.074133

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    FAQs

    What type of property is this?
    Apartment building - Cash-flowing 5-unit property in historic Madison Avenue location.
    Where is this apartment building located?
    The property is located at 1451 Madison Ave Covington, KY.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Cash flowing 5-unit rental property generating approximately $4700 in gross monthly income.; - Located in the desirable Historic Madison Avenue location.; - **Recently remodeled with luxury vinyl plank flooring and tile bathrooms.**
    (859) 803-5327
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    Realmo Value Estimation

    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.

    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.

    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
    1451 Madison Ave Covington, KY 41011
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