Historic Three-Unit Residential
1410 Scott Street Covington, KY 41011
1410 Scott Street, Covington, KY, 41011
$599,000
For Sale
$599,000
Historic three-unit property with separate in-unit washer/dryer, off-street parking, and private alley access.
Property Size2,540 SF
Price / SF$235.83
Days on Market97
Property Features for 1410 Scott Street
General Information
- Standard status
- Active
- Size
- 2,540 SF
- Property subtype
- Multi Family / Multi Family
Listing agency
Coldwell Banker Real Estate LLC
(859) 394-4930
Listed by
Nicole Rankin · License #270887
(859) 394-4930
Source
Compass
Added: Apr 16 Updated: Jul 21 at 4:17AM Checked: Jul 21 at 4:17AM
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 Coldwell Banker Real Estate LLC
Investment Insights
Based on property information with market context.
This historic three-unit residential building offers a distinct layout across three units, with separate washer and dryer provided in each unit. The property also includes off-street parking and private alley access to support day-to-day convenience.
Located in Covington, the building is described as being just minutes from Downtown Cincinnati, with access to the broader Tri-State area.
As a three-unit residential income property, it presents an opportunity for investors or owner-occupants seeking a multi-family setup within a historic framework and functional on-site amenities.
Located in Covington, the building is described as being just minutes from Downtown Cincinnati, with access to the broader Tri-State area.
As a three-unit residential income property, it presents an opportunity for investors or owner-occupants seeking a multi-family setup within a historic framework and functional on-site amenities.
Key Highlights
- Historic three‑unit multi‑family building
- Each unit includes separate washer and dryer
- Off‑street parking and private alley access
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.1k | $13.80 |
| − Vacancy | −$2.5k | −$0.98 |
| EGI | $32.6k | $12.82 |
| − OpEx | −$9.8k | −$3.85 |
| NOI | $22.8k | $8.97 |
2,540 SF · lease $13.80/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$325.6K
$284.9K – $379.8K
NOI $22,789 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$290.2K
$253.9K – $338.6K
NOI $20,314 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$655.7K
$573.8K – $765.0K
NOI $45,900 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Historic three-unit property with separate in-unit washer/dryer, off-street parking, and private alley access.
Where is this triplex located?
The property is located at 1410 Scott Street Covington, KY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Historic three‑unit multi‑family building; Each unit includes separate washer and dryer; Off‑street parking and private alley access
