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    Covington, KY Multifamily Properties for Sale

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    Bromley, KY Cincinnati, OH Union, KY
    Renovated Triplex with Development Potential
    $649,900
    3,186 SF

    Renovated Triplex with Development Potential

    501 Johnson Street, Covington, KY 41011

    Renovated triplex with vacant lot in Covington, Kentucky.

    • Prime Location: Steps from Cincinnati and Main Strasse Village, one block from the Covington Central Riverfront redevelopment, offering strong appreciation potential.
    • Mixed‑Use Zoning with Vacant Lot: Rare opportunity for expansion, parking, or future development (buyer to verify).
    • Turnkey Triplex: Three renovated units (two 1‑bed/1‑bath, one 1‑bed/1.5‑bath) ideal for tenants, investors, or owner‑occupants.
    • Ample Off‑Street Parking: Accommodates six to eight vehicles.
    • Historic Charm with Modern Updates: Blends original 1860s character with contemporary renovations.
    Updated: Apr 29
    View details
    525 Greenup St, Covington, KY
    Contact for pricing

    525 Greenup St, Covington, KY

    525 Greenup St, Covington, KY 41011

    525 Greenup St, Covington, KY 41011 For Sale

    • 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‑_$
    Updated: Feb 6
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    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 Multi-Family in Cincinnati
    $795,000
    4,359 SF

    Historic Multi-Family in Cincinnati

    Fully rented historic multi-family property with development potential.

    428 Elizabeth Street, Cincinnati, OH 45203
    View details
    Income Property with River Views
    $475,900
    5,183 SF

    Income Property with River Views

    Income-producing property with river views and development potential in Bromley.

    435 River Road, Bromley, KY 41016
    View details
    Land with City/River Views
    $900,000
    0.10 Acres

    Land with City/River Views

    Double flat lot with a four-unit building in Cincinnati.

    1112 Fuller Street, Cincinnati, OH 45202
    View details
    Renovated Multifamily Property in Cincinnati
    Contact for pricing

    Renovated Multifamily Property in Cincinnati

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

    28 W 13th St, Cincinnati, OH 45202
    View details

    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
    $345,500
    2.27 Acres

    Prime Land Off US HWY

    2.27 acres with excellent visibility and easy access.

    Briar Creek lot: #1, Lawrenceburg, KY 40342
    View details
    Grove City Land Opportunity
    $182,000
    0.83 Acres

    Grove City Land Opportunity

    Land available in Grove City, suitable for residential or commercial.

    2120 Edwards Road, Grove City, OH 43123
    View details
    Versatile Property with Income Potential
    $225,000
    1.00 Acre

    Versatile Property with Income Potential

    Office building with income-generating mobile home lots in Frenchburg, KY.

    Highway 460, Frenchburg, KY 40322
    View details
    Waterfront Land in Greenup, KY
    $69,000
    1.54 Acres

    Waterfront Land in Greenup, KY

    Waterfront land with utilities and shelter house for sale.

    Treasure Cove, Greenup, KY 41144
    View details

    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)
    3,257 SF Lot: 8.33 Acres
    Value Estimation by Request
    Unit 1030

    980 Emery Dr, Covington, KY 41011-4069

    View details
    2530 Chelsea Dr
    APARTMENT HOUSE (5+ UNITS)
    Lot: 30.11 Acres
    Value Estimation by Request

    2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

    View details
    32 Orphanage Rd, Unit 36
    APARTMENT HOUSE (5+ UNITS)
    9,072 SF Lot: 0.75 Acres
    Estimated value
    $1,510,000
    Unit 36

    32 Orphanage Rd, Ft Wright, KY 41017-3048

    View details
    49 Burdsall Ave
    APARTMENT HOUSE (5+ UNITS)
    3,456 SF Lot: 0.33 Acres
    Value Estimation by Request

    49 Burdsall Ave, Ft Wright, KY 41017-2820

    View details
    1710 Eastern Ave, Unit 12
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.24 Acres
    Value Estimation by Request
    Unit 12

    1710 Eastern Ave, Covington, KY 41014-1468

    View details
    412 45th St
    APARTMENT HOUSE (5+ UNITS)
    4,095 SF Lot: 0.16 Acres
    Value Estimation by Request

    412 45th St, Covington, KY 41015-1888

    View details
    57 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.20 Acres
    Value Estimation by Request

    57 Wallace Ave, Covington, KY 41014-1246

    View details
    111 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.60 Acres
    Value Estimation by Request

    111 Wallace Ave, Covington, KY 41014-5168

    View details
    17 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)
    2,915 SF Lot: 0.19 Acres
    Value Estimation by Request

    17 Wallace Ave, Covington, KY 41014-5103

    View details
    1811 Pearl St, Unit 13
    APARTMENT HOUSE (5+ UNITS)
    3,886 SF Lot: 0.07 Acres
    Value Estimation by Request
    Unit 13

    1811 Pearl St, Covington, KY 41014-1211

    View details
    727 Bakewell St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.04 Acres
    Value Estimation by Request

    727 Bakewell St, Covington, KY 41011-1201

    View details
    725 Bakewell St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.05 Acres
    Value Estimation by Request

    725 Bakewell St, Covington, KY 41011-1219

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    723 Bakewell St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.05 Acres
    Value Estimation by Request

    723 Bakewell St, Covington, KY 41011-1211

    View details
    1623 Saint Anthony Dr
    APARTMENT HOUSE (5+ UNITS)
    3,240 SF Lot: 0.10 Acres
    Value Estimation by Request

    1623 Saint Anthony Dr, Covington, KY 41011-3763

    View details
    8 16th St, Unit 14
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.11 Acres
    Value Estimation by Request
    Unit 14

    8 16th St, Covington, KY 41011-3306

    View details
    109th Wrights Pt Dr
    APARTMENT HOUSE (5+ UNITS)
    Lot: 11.50 Acres
    Value Estimation by Request

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

    View details
    60-62 Woodlawn Ave
    APARTMENT HOUSE (5+ UNITS)
    5,702 SF Lot: 0.46 Acres
    Value Estimation by Request

    60-62 Woodlawn Ave, Ft Wright, KY 41017

    View details
    24 10th St
    APARTMENT HOUSE (5+ UNITS)
    2,499 SF Lot: 0.04 Acres
    Value Estimation by Request

    24 10th St, Covington, KY 41011-3086

    View details
    1534 Greenup St
    APARTMENT HOUSE (5+ UNITS)
    5,148 SF Lot: 0.25 Acres
    Value Estimation by Request

    1534 Greenup St, Covington, KY 41011-3441

    View details
    1017 Scott St
    APARTMENT HOUSE (5+ UNITS)
    5 SF Lot: 0.04 Acres
    Estimated value
    $860,000

    1017 Scott St, Covington, KY 41011-3152

    View details
    1013 Scott St
    APARTMENT HOUSE (5+ UNITS)
    5 SF Lot: 0.04 Acres
    Estimated value
    $860,000

    1013 Scott St, Covington, KY 41011-3123

    View details
    1019 Scott St
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.04 Acres
    Estimated value
    $865,000

    1019 Scott St, Covington, KY 41011-4252

    View details

    Covington, KY Multifamily Properties Investment Opportunities Market Analysis

    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

    Triplexes 1

    Property Size Breakdown

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

    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 median 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 sq ft
    Tax Rate vs County Average 0.15 pp above county avg
    Average Loan-to-Value 65.0%

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