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Covington, KY

Multifamily

Covington, KY Multifamily Properties for Sale

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Ludlow, KY Bromley, KY Cincinnati, OH Union, KY Elmwood Place, OH Newport, KY Fort Mitchell, KY Crescent Springs, KY

Renovated Triplex with Adjacent Lot

Updated: Apr 29

Renovated Triplex with Adjacent Lot

501 Johnson Street, Covington, KY 41011

$649,900

3,186 sqft 0.05 AC lot

Renovated 3‑unit triplex in Covington, KY (2 one‑bed/one‑bath units and 1 one‑bed/1.5‑bath unit).
Built in 1860 with brick construction; membrane roof; forced‑air heating and central air.
Each unit includes stainless steel appliances plus washer/dryer stacked, electric oven, electric cooktop, dishwasher, microwave, and refrigerator.
Fireplace included; basement present; public sewer and public water.
Off‑street parking includes a back lot for 3 cars and a driveway for up to 3 cars; on‑street parking also available.

This listing looks promising.

Here's a quick look at some key insights for

501 Johnson Street, Covington, KY 41011

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Est. Cap Rate

4.4%
NOI ÷ price
Est. NOI

$29K
Annual
Price @ 7% Cap

$408K
Suggested
Property Type

Triplex
Built 1860

View Property Analytics

525 Greenup St, Covington, KY

Updated: Feb 6

525 Greenup St, Covington, KY

525 Greenup St, Covington, KY 41011

Contact for pricing

Access to Offering Materials via Deal Site: CBRE‑TheArthur.com
Video Tour Available: See it all at https:\/\/vimeo.com\/1159860361\/8c173a5428?share=copy&fl=sv&fe=ci__;!!GnpIGg!ZEd4gMagV6RYe5DmLjZ‑mtkc0kq1‑r4uKzgc2bjOINYvbE‑KPOVE63soyC5Qig2‑2OjN1Y6MO9JTekD‑2VTOnF‑_$

Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Covington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Italianate Quadplex with Private Yard

Historic Italianate Quadplex with Private Yard

428 Elizabeth Street, Cincinnati, OH 45203

$750,000

4,359 sqft 0.09 AC lot

Quadplex featuring separate HVAC systems per unit, an owner’s suite with private entrance, and off-street parking.

Corner Retail with Residential Units

Corner Retail with Residential Units

1101 Isabella St, Newport, KY 41071

$599,000

3,930 sqft

Historic corner property combining a rented storefront and multiple apartments for steady, mixed-use income.

Four-Unit Rental Property

Four-Unit Rental Property

1112 Fuller Street, Cincinnati, OH 45202

$900,000

4,400 sqft 0.10 AC lot

Four-unit rental building on a double lot, offering development upside potential within a city setting.

Renovated Multifamily Property in Cincinnati

Renovated Multifamily Property in Cincinnati

28 W 13th St, Cincinnati, OH 45202

Contact for pricing

High-end renovated units in Over-The-Rhine, next to Washington Park.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Prime Land Off US HWY

Prime Land Off US HWY

Briar Creek lot: #1, Lawrenceburg, KY 40342

$345,500

2.27 AC lot

2.27 acres with excellent visibility and easy access.

Surveyed Hunting and Development Land

Surveyed Hunting and Development Land

400 Keith Whitley Blvd., Sandy Hook, KY 41171

$199,900

75.00 AC lot

Approximately 75 surveyed acres offering a mix of city-limit and outside-city development flexibility.

Surveyed Development Land Parcel

Surveyed Development Land Parcel

400 Keith Whitley Blvd., Sandy Hook, KY 41171

$199,900

75.00 AC lot

Surveyed acreage with city-limit and out-of-city portions, suited for a variety of residential and mixed-use concepts.

Campton, KY Land For Sale

Campton, KY Land For Sale

Lower HollerTop Road lot: 31, Campton, KY 41301

$35,000

2.35 AC lot

2.35 acre lot near Red River Gorge.

Off-Market Properties in Covington, KY

Consider similar Off-Market properties in Covington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

980 Emery Dr, Unit 1030

APARTMENT HOUSE (5+ UNITS)

980 Emery Dr, Covington, KY 41011-4069

Unit 1030

Value Estimation by Request

3,257 sqft 8.33 AC lot

2530 Chelsea Dr

APARTMENT HOUSE (5+ UNITS)

2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

Value Estimation by Request

30.11 AC lot

32 Orphanage Rd, Unit 36

APARTMENT HOUSE (5+ UNITS)

32 Orphanage Rd, Ft Wright, KY 41017-3048

Unit 36

$1,510,000

Estimated value

9,072 sqft 0.75 AC lot

49 Burdsall Ave

APARTMENT HOUSE (5+ UNITS)

49 Burdsall Ave, Ft Wright, KY 41017-2820

Value Estimation by Request

3,456 sqft 0.33 AC lot

1710 Eastern Ave, Unit 12

APARTMENT HOUSE (5+ UNITS)

1710 Eastern Ave, Covington, KY 41014-1468

Unit 12

Value Estimation by Request

0.24 AC lot

APARTMENT HOUSE (5+ UNITS)

412 45th St, Covington, KY 41015-1888

Value Estimation by Request

4,095 sqft 0.16 AC lot

APARTMENT HOUSE (5+ UNITS)

57 Wallace Ave, Covington, KY 41014-1246

Value Estimation by Request

0.20 AC lot

111 Wallace Ave

APARTMENT HOUSE (5+ UNITS)

111 Wallace Ave, Covington, KY 41014-5168

Value Estimation by Request

0.60 AC lot

APARTMENT HOUSE (5+ UNITS)

17 Wallace Ave, Covington, KY 41014-5103

Value Estimation by Request

2,915 sqft 0.19 AC lot

1811 Pearl St, Unit 13

APARTMENT HOUSE (5+ UNITS)

1811 Pearl St, Covington, KY 41014-1211

Unit 13

Value Estimation by Request

3,886 sqft 0.07 AC lot

727 Bakewell St

APARTMENT HOUSE (5+ UNITS)

727 Bakewell St, Covington, KY 41011-1201

Value Estimation by Request

0.04 AC lot

725 Bakewell St

APARTMENT HOUSE (5+ UNITS)

725 Bakewell St, Covington, KY 41011-1219

Value Estimation by Request

0.05 AC lot

723 Bakewell St

APARTMENT HOUSE (5+ UNITS)

723 Bakewell St, Covington, KY 41011-1211

Value Estimation by Request

0.05 AC lot

1623 Saint Anthony Dr

APARTMENT HOUSE (5+ UNITS)

1623 Saint Anthony Dr, Covington, KY 41011-3763

Value Estimation by Request

3,240 sqft 0.10 AC lot

8 16th St, Unit 14

APARTMENT HOUSE (5+ UNITS)

8 16th St, Covington, KY 41011-3306

Unit 14

Value Estimation by Request

0.11 AC lot

109th Wrights Pt Dr

APARTMENT HOUSE (5+ UNITS)

109th Wrights Pt Dr, Covington, KY 41011-3792

Value Estimation by Request

11.50 AC lot

60-62 Woodlawn Ave

APARTMENT HOUSE (5+ UNITS)

60-62 Woodlawn Ave, Ft Wright, KY 41017

Value Estimation by Request

5,702 sqft 0.46 AC lot

APARTMENT HOUSE (5+ UNITS)

24 10th St, Covington, KY 41011-3086

Value Estimation by Request

2,499 sqft 0.04 AC lot

1534 Greenup St

APARTMENT HOUSE (5+ UNITS)

1534 Greenup St, Covington, KY 41011-3441

Value Estimation by Request

5,148 sqft 0.25 AC lot

APARTMENT HOUSE (5+ UNITS)

1017 Scott St, Covington, KY 41011-3152

$860,000

Estimated value

5 sqft 0.04 AC lot

APARTMENT HOUSE (5+ UNITS)

1013 Scott St, Covington, KY 41011-3123

$860,000

Estimated value

5 sqft 0.04 AC lot

APARTMENT HOUSE (5+ UNITS)

1019 Scott St, Covington, KY 41011-4252

$865,000

Estimated value

0.04 AC lot

Covington, KY Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Covington, KY on our real estate platform. These investment opportunities span a total of 3,186 square feet of properties for sale, with an estimated market value of $649,900.

Sale prices for multifamily properties in Covington, KY start at $649,900, averaging $649,900, and reaching up to $649,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 130K

Population Growth (5Y) +1.5%

Median Household Income $76,910

College Educated 34.8%

High-Yield Neighborhoods for Investment

Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
41011	$649.9K

Taxes & Financing

Tax Rate (average for all types) 1.26%

Property Tax per SF $7.10 per SF

Tax Rate vs County Average 0.15 pp above county avg

Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Covington fall within the 10,000 to 25,000 square foot range.

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