4-Unit Multifamily
1002-1004 Central Avenue, Newport, KY 41071
For Sale
$595,000
Two upper-level apartments include unfinished areas that may support expanded layouts, subject to approvals.
Property SizeContact for details
Days on Market8
Property Features for 1002-1004 Central Avenue
General Information
Standard status
Property subtype
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Building Details
Year Built
Buildings
Units
Listing Agency:
Haven Homes Group
Listed By:
Michael Smith
(859) 444-0180
Source:
Ashcraftrealty
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 9 at 5:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haven Homes Group
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Investment Insights
Based on property information with market context.
This Commercial-zoned, 4-unit multifamily building dates to 1883 and contains two 2-bedroom, 1-bathroom apartments alongside two 3-bedroom, 1-bathroom apartments. Each of the two second-floor residences has additional unfinished space. Subject to applicable approvals, that area could be developed into a 4-bedroom, 1-bathroom or 3-bedroom, 2-bathroom layout in each apartment.
The property is at a corner in Newport, with access to downtown Cincinnati, Newport destinations, major employment centers, dining, entertainment, and interstate routes. Existing leases are in place.
The property is at a corner in Newport, with access to downtown Cincinnati, Newport destinations, major employment centers, dining, entertainment, and interstate routes. Existing leases are in place.
Key Highlights
- Four apartments: two 2‑bedroom/1‑bathroom units and two 3‑bedroom/1‑bathroom units
- Both second‑floor apartments have unfinished space; potential layouts are 4‑bedroom/1‑bathroom or 3‑bedroom/2‑bathroom, subject to approvals
- Commercial zoning
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 41071, KY
19,796
Population
10,883
Households
1.8
Avg Household Size
37
Median Age
38%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
3,599
Density / Sq Mi
$58,329
Median Household Income
$44,836
Median Earnings
$1,047
Median Rent
$186,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Two upper-level apartments include unfinished areas that may support expanded layouts, subject to approvals.
Where is this quadplex located?
The property is located at 1002-1004 Central Avenue Newport, KY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four apartments: two 2‑bedroom/1‑bathroom units and two 3‑bedroom/1‑bathroom units; Both second‑floor apartments have unfinished space; potential layouts are 4‑bedroom/1‑bathroom or 3‑bedroom/2‑bathroom, subject to approvals; Commercial zoning
