Duplex with Separate
New
For Sale
$344,900
209 Byrd St, Covington, KY 41011
Both kitchens have appliances, and the bathrooms have been updated.
Property Size2,308 SF
Price / SF$149.44
Days on Market2
Property Features for 209 Byrd St
General Information
Standard status
Active
Size
2,308 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR, 1 x 3BR
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
washer/dryer hookups
appliances
off-street parking
Listing Agency:
Epique Realty
Listed By:
Zach Schaffner
(812) 206-7653
Source:
Finn-team
Added: Nov 2
Last Checked: Oct 2 at 8:49PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
At 209 Byrd Street in Covington, this duplex has two residences: a first-floor unit with 2 bedrooms and a second- and third-floor unit with 3 bedrooms. The kitchens include appliances, and the bathrooms have been updated. Each unit has separate utilities and washer-and-dryer hookups, with off-street parking at the rear. The property is zoned Multi Family and can be occupied as two rental units or with one unit owner-occupied and the other rented.
Key Highlights
- Two‑unit duplex with separate utilities for each residence
- First‑floor unit has 2 bedrooms; upper unit spans the second and third floors and has 3 bedrooms
- Washer‑and‑dryer hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,708
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,160
$414.2K
Cap Rate 7%
$295,829
$295.8K
Cap Rate 9%
$230,089
$230.1K
Market Conditions
NOI Build-Up for 2,308 SF
Gross rent
$31.9K $13.80/SF
− Vacancy
−$2.3K −$0.98/SF
EGI
$29.6K $12.82/SF
− OpEx
−$8.9K −$3.85/SF
NOI
$20.7K $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%
$414,160
Cap Rate 7%
$295,829
Cap Rate 9%
$230,089
Alternative Uses
Best Use
Multifamily LT 5
$295.8K
$258.9K – $345.1K
NOI $20,708 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$263.7K
$230.7K – $307.6K
NOI $18,458 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$595.8K
$521.4K – $695.1K
NOI $41,708 @ 7.0% cap · market cap 12.09%
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
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 41011, KY
26,470
Population
14,490
Households
1.8
Avg Household Size
37
Median Age
44%
College-Educated
89%
High-School Grad
7.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$67,075
Median Household Income
$47,192
Median Earnings
$1,011
Median Rent
$269,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both kitchens have appliances, and the bathrooms have been updated.
Where is this duplex located?
The property is located at 209 Byrd St Covington, KY.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Two‑unit duplex with separate utilities for each residence; First‑floor unit has 2 bedrooms; upper unit spans the second and third floors and has 3 bedrooms; Washer‑and‑dryer hookups in both units
