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Covington, KY

Multifamily

Covington, KY Multifamily Properties for Sale

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Ludlow, KY Cincinnati, OH Union, KY Crescent Springs, KY Newport, KY Bellevue, KY Fort Thomas, KY Dayton, KY

14 properties

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Four-Unit Quadplex with New Roof

Updated: Sep 14

Four-Unit Quadplex with New Roof

3605 Glenn Ave, Covington, KY 41015

$350,000

4,150 sqft

Four‑unit quadplex totaling 4,150 square feet
Unit mix includes two 3‑bedroom, one 2‑bedroom, and one 1‑bedroom efficiency units
New roof, new siding, and fresh paint
Water heaters and furnaces replaced in 2025
Separate utilities for each unit; tenants cover those costs

Renovated Historic Triplex

Updated: Jul 9

Renovated Historic Triplex

501 Johnson St, Covington, KY 41011

$649,900

3,186 sqft

Three‑unit configuration: two 1‑bedroom, 1‑bath units and one 1‑bedroom, 1.5‑bath unit
Adjacent vacant lot included with the property
Mixed‑use zoning supports residential and other qualifying uses
Renovated improvements retain character from the 1860 construction date
One block from the Covington Central Riverfront redevelopment

5-Unit Apartment Building

5-Unit Apartment Building

1615 Maryland Ave, Covington, KY 41014

$255,000

4,128 sqft

The property is being offered as-is while renovation work is underway.

See hot listings in Covington

Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Renovated Duplex with Detached Garage

Renovated Duplex with Detached Garage

3009 Decoursey Ave, Covington, KY 41015

$339,800

2,992 sqft

Two tenant-occupied units feature separate utilities, private laundry hookups, hardwood floors, porches, and solariums.

Two-Family Property with Private Entrances

Two-Family Property with Private Entrances

463465 463 465 Hazen St, Covington, KY 41016

$264,900

2,730 sqft

Two residential units offer separate entrances plus shared basement laundry and storage areas.

Historic Duplex with Separate Entrances

Historic Duplex with Separate Entrances

1946 Eastern Ave, Covington, KY 41014

$345,000

2,856 sqft

Two residential units offer individual entries, full kitchens, and flexible owner-occupancy or rental use.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Renovated Duplex

Renovated Duplex

205 19th St St W, Covington, KY 41014

$239,000

1,392 sqft

Two leased residential units feature updated interiors, electrical systems, plumbing, windows, and mini-split HVAC.

Two-Unit Duplex

Two-Unit Duplex

4509 Decoursey Ave, Covington, KY 41015

$175,000

1,440 sqft

Each residence contains one bedroom and one bathroom, with current income production and a need for some updating.

Renovated Duplex with Private Entrances

Renovated Duplex with Private Entrances

4222 Mckee St, Covington, KY 41015

$189,900

1,616 sqft

Updated two-unit home with off-street parking, separate entrances, outdoor areas, and flexible first-floor living space.

Mixed-Use Property Package

Mixed-Use Property Package

1255 Parkway Avenue, Covington, KY 41011

$849,900

Multi-property offering combines residential units, storefront space, a bar, ballroom, and detached garage.

Four-Unit Residential Property

Four-Unit Residential Property

101 E 43rd Street, Covington, KY 41015

$380,000

Four two-bedroom apartments include two vacancies, one recently updated interior, and central air installed approximately one year ago.

Historic Duplex with Separate HVAC

Historic Duplex with Separate HVAC

730 Lewis St, Covington, KY 41011

$225,000

Two distinct residences offer different bedroom configurations, with separate gas and electric meters.

Duplex With Updated Interiors

Duplex With Updated Interiors

3702 Huntington Ave, Latonia, KY 41015

$229,999

Two-unit residential property with refreshed kitchens, separate bedroom configurations, and one occupied upper-level residence.

Six-Unit Apartment Building

Six-Unit Apartment Building

716 Lewis Street, Covington, KY 41011

$460,000

Rented multifamily property with off-street parking and select unit updates near Interstate 75.

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 14 Active listings in Covington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 58 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

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.

Remodeled Duplex

Remodeled Duplex

746 Columbia St, Newport, KY 41071

$275,000

2,108 sqft

Both residences feature updated kitchens and bathrooms, durable flooring, and refreshed interior finishes.

Historic Italianate Multifamily Property

Historic Italianate Multifamily Property

428 Elizabeth Street, Cincinnati, OH 45203

$725,000

4,359 sqft

Apartments offer exposed brick, open layouts, natural light, and individual HVAC systems.

Mixed-Use Bar and Apartments

Mixed-Use Bar and Apartments

1424 Joe Nuxhall Way, Cincinnati, OH 45202

$610,000

Bar on the first floor with four AirBNB/apartment spaces and one rear parking space.

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

Estimated value:

$380,000

3,257 sqft 8.33 AC lot

2530 Chelsea Dr

APARTMENT HOUSE (5+ UNITS)

2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

Estimated value:

$345,000

30.11 AC lot

32 Orphanage Rd, Unit 36

APARTMENT HOUSE (5+ UNITS)

32 Orphanage Rd, Ft Wright, KY 41017-3048

Unit 36

Estimated value:

$1,510,000

9,072 sqft 0.75 AC lot

49 Burdsall Ave

APARTMENT HOUSE (5+ UNITS)

49 Burdsall Ave, Ft Wright, KY 41017-2820

Estimated value:

$265,000

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

Estimated value:

$265,000

0.24 AC lot

412 45th St

APARTMENT HOUSE (5+ UNITS)

412 45th St, Covington, KY 41015-1888

Estimated value:

$50,000

4,095 sqft 0.16 AC lot

57 Wallace Ave

APARTMENT HOUSE (5+ UNITS)

57 Wallace Ave, Covington, KY 41014-1246

Estimated value:

$115,000

0.20 AC lot

111 Wallace Ave

APARTMENT HOUSE (5+ UNITS)

111 Wallace Ave, Covington, KY 41014-5168

Estimated value:

$275,000

0.60 AC lot

17 Wallace Ave

APARTMENT HOUSE (5+ UNITS)

17 Wallace Ave, Covington, KY 41014-5103

Estimated value:

$255,000

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

Estimated value:

$285,000

3,886 sqft 0.07 AC lot

Covington, KY Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Covington, KY, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 24,490 square feet of properties for sale, with an estimated market value of $4,953,399.

Sale prices for multifamily properties in Covington, KY start at $175,000, averaging $353,814, and reaching up to $849,900 — 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
Latonia - 41015	$239.1K
Covington - 41011	$427.3K

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%

Property Size Breakdown

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

How Realmo verifies these figures

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