Multifamily Property with River
435 River Road Bromley, KY 41016
For Sale
$475,900
MULTI_FAMILY - Bromley, KY
Property Size5,183 SF
Lot Size1.00 Acre
Price / SF$91.82
Days on Market250
Property Features for 435 River Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
5
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 6, Bathroom 3, Bathroom 5, Bedroom 2, Basement, Bathroom 2, Bedroom 3
Parking
5
Parking features
Driveway, Off Street, Garage
Window features
Vinyl Frames
Patio and Porch features
Deck
Exterior features
Private Yard
Basement
Full
Appliances
Electric Range, Refrigerator
Standard status
Active
APN
026-20-00-017.00
Size
5,183 SF
Lot size
1.00 Acre
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1949
Floors in Building
2
Number of units
4
Building materials
Block, Brick, Stone, Vinyl Siding
Roof type
Composition
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Firas Asha Sr. · License #262793
(513) 807-1201
Added: Nov 20, 2025
Changed: Jul 12
Last Checked: Jul 28 at 4:06AM
MLS# 638141
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.
This income producing multifamily property features river views and sits on a one-acre parcel that includes two buildings plus a detached garage. One building is a house that is currently bringing $1,900. The second building is a three-unit structure with current rents of $1,000, $950, and $750, and an additional $250 collected for storage, with all units on month-to-month terms.
The property is located at 435 River Road in Bromley, Kentucky (Kenton County).
The property is located at 435 River Road in Bromley, Kentucky (Kenton County).
Key Highlights
- 1‑acre parcel with two buildings plus a detached garage
- House currently rents for $1,900
- Three‑unit building offers monthly rents of $1,000, $950, and $750 plus $250 storage (all month‑to‑month)
Financial Insights For Apartment 5plus
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 | $81.5k | $15.72 |
| − Vacancy | −$6.1k | −$1.18 |
| EGI | $75.4k | $14.54 |
| − OpEx | −$33.9k | −$6.54 |
| NOI | $41.5k | $8.00 |
5,183 SF · lease $15.72/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$664.3K
$581.3K – $775.1K
NOI $46,503 @ 7.0% cap · market cap 9.77%
Second Best
Apartment 5plus
$592.2K
$518.1K – $690.9K
NOI $41,451 @ 7.0% cap · market cap 8.71%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,662 @ 7.0% cap · market cap 19.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Multifamily property - Two-building multifamily on a one-acre parcel with river views and a detached garage, generating monthly income on month-to-month terms.
Where is this multifamily property located?
The property is located at 435 River Road Bromley, KY.
What is the asking price?
The asking price for this property is $475,900.
What are key features of this property?
This property features: 1‑acre parcel with two buildings plus a detached garage; House currently rents for $1,900; Three‑unit building offers monthly rents of $1,000, $950, and $750 plus $250 storage (all month‑to‑month)
