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5-Unit Apartment Building
For Sale
$255,000

1615 Maryland Ave, Covington, KY 41014

The property is being offered as-is while renovation work is underway.

Property Size4,128 SF
Price / SF$61.77
Days on Market8

Property Features for 1615 Maryland Ave

General Information

Standard status Active
Size 4,128 SF
Property subtype Residential Income

Units

Unit Mix 1 x 2-BR, 1 x Efficiency, 3 x 1-BR
Multifamily Units 5

Building Details

Buildings 1
Listing Agency: DIYFlatFee.com
Listed By: Darrell Lewis · License #212664
Source: Exprealty
Added: Oct 8 Changed: Oct 15 Last Checked: Oct 15 at 1:59AM

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 DIYFlatFee.com

Investment Insights

Based on property information with market context.

This five-unit apartment building in Covington contains a mix of one two-bedroom apartment, three one-bedroom apartments, and one efficiency unit. The 4,128-square-foot property is being sold as-is, with renovation work in progress.

Key Highlights

  • Five residential units: one 2‑bedroom, three 1‑bedroom, and one efficiency
  • 4,128‑square‑foot apartment building
  • Sold as‑is with renovation underway

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Furniture & Home Goods Accounting Firm Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

682
Businesses Nearby

Demographics for 41014, KY

7,048
Population
3,521
Households
2
Avg Household Size
36
Median Age
28%
College-Educated
83%
High-School Grad
1.0 sq mi
ZIP Area
7,048
Density / Sq Mi
$56,148
Median Household Income
$41,972
Median Earnings
$979
Median Rent
$149,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - The property is being offered as-is while renovation work is underway.
Where is this apartment building located?
The property is located at 1615 Maryland Ave Covington, KY.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Five residential units: one 2‑bedroom, three 1‑bedroom, and one efficiency; 4,128‑square‑foot apartment building; Sold as‑is with renovation underway
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