Multifamily
113 30th St, Covington, KY 41015
For Sale
$175,000
An occupied unit is leased through a HUD contract.
Property Size1,260 SF
Price / SF$138.89
Days on Market14
Property Features for 113 30th St
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Listing Agency:
Blue Chicken Realty
Listed By:
Elizabeth Rossi
(859) 308-0858
Source:
Exprealty
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 8 at 6:43AM
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 Blue Chicken Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,260-square-foot multifamily property includes one unit currently rented under a HUD contract. The available information identifies the occupied unit but does not establish the building’s total unit count.
Key Highlights
- 1,260‑square‑foot multifamily property
- One unit currently rented under a HUD contract
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,077
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,540
$201.5K
Cap Rate 7%
$143,957
$144.0K
Cap Rate 9%
$111,967
$112.0K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$19.8K $15.72/SF
− Vacancy
−$1.5K −$1.18/SF
EGI
$18.3K $14.54/SF
− OpEx
−$8.2K −$6.54/SF
NOI
$10.1K $8.00/SF
Area
Kenton County, KY
Vacancy
7.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,540
Cap Rate 7%
$143,957
Cap Rate 9%
$111,967
Alternative Uses
Best Use
Apartment 5plus
$144.0K
$126.0K – $168.0K
NOI $10,077 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$325.3K
$284.6K – $379.5K
NOI $22,770 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 41015, KY
21,599
Population
9,135
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
25.4 sq mi
ZIP Area
850
Density / Sq Mi
$63,783
Median Household Income
$44,740
Median Earnings
$857
Median Rent
$176,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Covington, KY
Properties on Market for Multifamily properties in Covington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - An occupied unit is leased through a HUD contract.
Where is this multifamily property located?
The property is located at 113 30th St Covington, KY.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,260‑square‑foot multifamily property; One unit currently rented under a HUD contract
