Renovated Duplex with Private
For Sale
$189,900
Pending
4222 Mckee St, Covington, KY 41015
Updated two-unit home with off-street parking, separate entrances, outdoor areas, and flexible first-floor living space.
Property Size1,616 SF
Days on Market51
Property Features for 4222 Mckee St
General Information
Standard status
Pending
Size
1,616 SF
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
deck
covered front porch
fenced side yard
Building Details
Buildings
1
Listing Agency:
Sibcy Cline, REALTORS-Florence
(859) 525-8888
Listed By:
Team Sanders
(859) 380-0122
Source:
Exprealty
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 26 at 4:32PM
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 Sibcy Cline, REALTORS-Florence
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Investment Insights
Based on property information with market context.
This 1,616-square-foot duplex includes two residential units with private entrances, off-street parking, and two decks. Improvements include updated kitchens and bathrooms, refreshed fixtures, newer flooring, fresh interior paint, granite countertops, and a tiled backsplash on the second floor. The first level offers flexible space that can function as a two-bedroom unit. Outdoor features include a fenced side yard and a covered front porch.
The property is located at 4222 Mckee St in Covington, KY, within minutes of interstate access, restaurants, and shopping. Its two-unit configuration, separate access points, and adaptable first-floor layout support both owner-occupant and rental-use scenarios.
The property is located at 4222 Mckee St in Covington, KY, within minutes of interstate access, restaurants, and shopping. Its two-unit configuration, separate access points, and adaptable first-floor layout support both owner-occupant and rental-use scenarios.
Key Highlights
- 1,616‑square‑foot duplex with two residential units
- Private entrances serve both units
- Off‑street parking, two decks, covered front porch, and fenced side yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,499
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,980
$290.0K
Cap Rate 7%
$207,129
$207.1K
Cap Rate 9%
$161,100
$161.1K
Market Conditions
NOI Build-Up for 1,616 SF
Gross rent
$22.3K $13.80/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$20.7K $12.82/SF
− OpEx
−$6.2K −$3.85/SF
NOI
$14.5K $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%
$289,980
Cap Rate 7%
$207,129
Cap Rate 9%
$161,100
Alternative Uses
Best Use
Multifamily LT 5
$207.1K
$181.2K – $241.7K
NOI $14,499 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$184.6K
$161.6K – $215.4K
NOI $12,924 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$417.2K
$365.0K – $486.7K
NOI $29,203 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 41015, KY
21,599
Population
9,135
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
25.4 sq mi
ZIP Area
850
Density / Sq Mi
$63,783
Median Household Income
$44,740
Median Earnings
$857
Median Rent
$176,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit home with off-street parking, separate entrances, outdoor areas, and flexible first-floor living space.
Where is this duplex located?
The property is located at 4222 Mckee St Covington, KY.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 1,616‑square‑foot duplex with two residential units; Private entrances serve both units; Off‑street parking, two decks, covered front porch, and fenced side yard
