Corner Lot Duplex
1802 Holman Street Covington, KY 41014
1802 Holman Street, Covington, KY, 41014
$295,000
For Sale
$295,000
Brick two-story duplex on a corner lot with separate utilities and two kitchens across both rented units.
Property Size2,094 SF
Price / SF$140.88
Days on Market91
Property Features for 1802 Holman Street
General Information
- Standard status
- Active
- Size
- 2,094 SF
- Property subtype
- Multi Family / Multi Family
Building Details
- Year Built
- 1914
Listing agency
Bartley Real Estate & Assoc
(502) 836-3013
Listed by
Katrina Bartley · License #197658
(502) 836-3013
Source
Compass
Added: Apr 23 Updated: Jul 21 at 6:11PM Checked: Jul 21 at 6:11PM
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 Bartley Real Estate & Assoc
Investment Insights
Based on property information with market context.
Brick two-story duplex on a corner lot, currently with both units rented. Each unit offers four bedrooms, two bathrooms, and two kitchens, with separate systems including two HVAC/central air units, two 200-amp electric panels, two water lines, and two hot water heaters. The property also includes a basement with a washer and dryer for each unit.
Recent updates include a new roof, new windows, new tile flooring, hardwood floors, and remodeled kitchens. The main floor unit includes a stove and refrigerator, while the top floor unit includes a stove, dishwasher, and refrigerator. Tenants are responsible for their own utilities.
The property is configured as two self-sufficient residential units, making it suitable for investors seeking immediate rental income, with lease information available upon request. Showings are available Monday through Wednesday from 11am to 5pm with quick response, and Thursday through Sunday with 24 hours’ notice; no pets.
Recent updates include a new roof, new windows, new tile flooring, hardwood floors, and remodeled kitchens. The main floor unit includes a stove and refrigerator, while the top floor unit includes a stove, dishwasher, and refrigerator. Tenants are responsible for their own utilities.
The property is configured as two self-sufficient residential units, making it suitable for investors seeking immediate rental income, with lease information available upon request. Showings are available Monday through Wednesday from 11am to 5pm with quick response, and Thursday through Sunday with 24 hours’ notice; no pets.
Key Highlights
- Brick 2‑story corner lot duplex with 2 rented units (each has 2 kitchens and 4 bedrooms total, 2 bathrooms total)
- Separate systems for each unit: 2 HVAC/2 central air systems, 2 water lines, and 2 hot water heaters
- Electrical service split by unit with 2 separate 200‑amp electric panels
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 | $28.9k | $13.80 |
| − Vacancy | −$2.1k | −$0.98 |
| EGI | $26.8k | $12.82 |
| − OpEx | −$8.1k | −$3.85 |
| NOI | $18.8k | $8.97 |
2,094 SF · lease $13.80/SF/yr · vacancy 7.12% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.4K
$234.9K – $313.1K
NOI $18,788 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,747 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$540.6K
$473.0K – $630.7K
NOI $37,841 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick two-story duplex on a corner lot with separate utilities and two kitchens across both rented units.
Where is this duplex located?
The property is located at 1802 Holman Street Covington, KY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Brick 2‑story corner lot duplex with 2 rented units (each has 2 kitchens and 4 bedrooms total, 2 bathrooms total); Separate systems for each unit: 2 HVAC/2 central air systems, 2 water lines, and 2 hot water heaters; Electrical service split by unit with 2 separate 200‑amp electric panels
