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Mixed-Use Building in Ludlow
For Sale
$319,500

401-403 Elm Street, Covington, KY 41016

COMMERCIAL - Covington, KY

Property Size5,556 SF
Lot Size0.11 Acres
Price / SF$57.51
Days on Market208

Property Features for 401-403 Elm Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Non Conform
Rooms Basement
Parking features On Street
Window features Vinyl Frames
Basement Full
Directions Adela avenue to Walnut Street
Subdivision K02 - Bromley/Ludlow Area
Standard status Active
APN 026-33-07-008.00
Size 5,556 SF
Lot size 0.11 Acres

Utilities

Utilities Water Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1900
Floors in Building 2
Building materials Aluminum Siding, Brick
Roof type Shingle
Listing Agency: eXp Realty, LLC
Listed By: Caldwell Group
Added: Jan 9 Changed: May 2 Last Checked: Aug 5 at 10:06PM
MLS# 639087

Copyright © 2026 Northern Kentucky MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located in the heart of Ludlow, this two-story mixed-use building at 401-403 Elm St, Covington, KY 41016, offers both retail and residential possibilities. The property spans over 5,556 square feet and sits on a 0.11-acre lot. The property is positioned on a corner lot in a thriving, walkable neighborhood, minutes from downtown Cincinnati. The property includes a bonus building with separate utilities.

Key Highlights

  • Prime corner property in the heart of Ludlow with exceptional visibility.
  • Mixed‑use building offering both retail and residential possibilities.
  • Spacious 5,500+ square feet across two stories.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Hair Salon Law Firm Nail Salon Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

1,661
Businesses Nearby

Demographics for 41016, KY

5,684
Population
2,958
Households
1.9
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
1.5 sq mi
ZIP Area
3,789
Density / Sq Mi
$61,748
Median Household Income
$42,103
Median Earnings
$1,034
Median Rent
$151,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story mixed-use building with retail and residential possibilities.
Where is this mixed-use property located?
The property is located at 401-403 Elm Street Covington, KY.
What is the asking price?
The asking price for this property is $319,500.
What are key features of this property?
This property features: Prime corner property in the heart of Ludlow with exceptional visibility.; Mixed‑use building offering both retail and residential possibilities.; Spacious 5,500+ square feet across two stories.
More about this property
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