Renovated
For Sale
$239,000
205 19th St St W, Covington, KY 41014
Two leased residential units feature updated interiors, electrical systems, plumbing, windows, and mini-split HVAC.
Property Size1,392 SF
Price / SF$171.70
Days on Market86
Property Features for 205 19th St St W
General Information
Standard status
Active
Size
1,392 SF
Property subtype
Multi-Family
Listing Agency:
The West Group Realtors
Listed By:
Michael Digman
(502) 376-4106
Source:
Finn-team
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 1:20PM
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 The West Group Realtors
Investment Insights
Based on property information with market context.
This duplex comprises two one-bedroom, one-bath units with approximately 1,392 square feet combined. The property has undergone a comprehensive renovation, including granite surfaces, luxury LVP flooring, upgraded electrical service, new interior plumbing, several new windows, and brand-new mini-split systems. Unit 1 contains approximately 652 square feet, while Unit 2 offers approximately 918 square feet and includes an additional large downstairs room with the kitchen.
Both units are occupied under leases with roughly 10 months remaining. The owner pays water. The sale also includes the building identified as 201-203 W 19th St.
Both units are occupied under leases with roughly 10 months remaining. The owner pays water. The sale also includes the building identified as 201-203 W 19th St.
Key Highlights
- Two‑unit duplex with approximately 1,392 square feet combined
- Unit 1: approximately 652 sq ft with one bedroom and one bath
- Unit 2: approximately 918 sq ft with one bedroom, one bath, and a large downstairs room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,489
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,780
$249.8K
Cap Rate 7%
$178,414
$178.4K
Cap Rate 9%
$138,767
$138.8K
Market Conditions
NOI Build-Up for 1,392 SF
Gross rent
$19.2K $13.80/SF
− Vacancy
−$1.4K −$0.98/SF
EGI
$17.8K $12.82/SF
− OpEx
−$5.4K −$3.85/SF
NOI
$12.5K $8.97/SF
Area
Kenton County, KY
Vacancy
7.12%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,780
Cap Rate 7%
$178,414
Cap Rate 9%
$138,767
Alternative Uses
Best Use
Multifamily LT 5
$178.4K
$156.1K – $208.2K
NOI $12,489 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$159.0K
$139.2K – $185.6K
NOI $11,133 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$359.4K
$314.4K – $419.3K
NOI $25,155 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two leased residential units feature updated interiors, electrical systems, plumbing, windows, and mini-split HVAC.
Where is this duplex located?
The property is located at 205 19th St St W Covington, KY.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,392 square feet combined; Unit 1: approximately 652 sq ft with one bedroom and one bath; Unit 2: approximately 918 sq ft with one bedroom, one bath, and a large downstairs room
