Two-Family Residential Income
463-465 Hazen Street Covington, KY 41016
463-465 Hazen Street, Covington, KY, 41016
$264,900
For Sale
$264,900
Oversized-lot two-unit property with private entrances, basement laundry/storage access, and shared outdoor deck and porch areas.
Property Size2,730 SF
Price / SF$97.03
Days on Market274
Property Features for 463-465 Hazen Street
General Information
- Standard status
- Active
- Size
- 2,730 SF
- Property subtype
- Multi Family / Multi Family
Listing agency
Coldwell Banker Realty FM
(859) 468-5023
Listed by
Robin Donovan · License #188720
(859) 468-5023
Source
Compass
Added: Oct 22, 2025 Updated: Jul 22 at 1:44AM Checked: Jul 22 at 11:04AM
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 Coldwell Banker Realty FM
Investment Insights
Based on property information with market context.
This unique two-family residential income property includes two separate units with private entrances. The first-floor unit offers one bedroom along with living and dining rooms and a covered side porch area. The second-floor unit extends to the third floor, providing three bedrooms plus access to a side room that could support an in-home office or playroom, with a large window view.
Both units share access to a basement laundry area and storage. Outdoor options include a large deck, back porch area, a horseshoe pit, and a viewing deck.
Off-street parking is available for approximately 2–3 cars, and the property sits on an oversized lot with woods behind.
Both units share access to a basement laundry area and storage. Outdoor options include a large deck, back porch area, a horseshoe pit, and a viewing deck.
Off-street parking is available for approximately 2–3 cars, and the property sits on an oversized lot with woods behind.
Key Highlights
- Two‑family home with private entrances for each unit and shared access to basement laundry and storage
- 1st‑floor unit includes 1 bedroom plus living and dining rooms, with a covered side porch
- 2nd‑floor unit extends to the 3rd floor with 3 bedrooms and access to a side room for an office or playroom
Local 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 | $42.9k | $15.72 |
| − Vacancy | −$3.2k | −$1.18 |
| EGI | $39.7k | $14.54 |
| − OpEx | −$17.9k | −$6.54 |
| NOI | $21.8k | $8.00 |
2,730 SF · lease $15.72/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$349.9K
$306.2K – $408.2K
NOI $24,494 @ 7.0% cap · market cap 9.25%
Second Best
Apartment 5plus
$311.9K
$272.9K – $363.9K
NOI $21,833 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$704.8K
$616.7K – $822.2K
NOI $49,334 @ 7.0% cap · market cap 18.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Oversized-lot two-unit property with private entrances, basement laundry/storage access, and shared outdoor deck and porch areas.
Where is this duplex located?
The property is located at 463-465 Hazen Street Covington, KY.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: Two‑family home with private entrances for each unit and shared access to basement laundry and storage; 1st‑floor unit includes 1 bedroom plus living and dining rooms, with a covered side porch; 2nd‑floor unit extends to the 3rd floor with 3 bedrooms and access to a side room for an office or playroom
