Covington, KY Multifamily Properties for Sale

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Updated: Apr 29

Historic Three-Unit Multifamily Property

501 Johnson Street, Covington, KY 41011

$649,900

3,186 sqft 0.05 AC lot

Three‑unit layout with two 1‑bedroom, 1‑bath units and one 1‑bedroom, 1.5‑bath unit
3,186‑square‑foot brick triplex built in 1860
Renovated interiors with stainless steel appliances and stacked washer/dryers
Adjacent 0.05‑acre vacant lot included in the offering
Mixed‑use zoning and off‑street parking

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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

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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.

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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.

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Duplex With Off-Street Parking

4326 Decoursey Ave, Covington, KY 41015

$240,000

2,552 sqft

Two-unit property includes one occupied unit and a second unit requiring updates.

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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.

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Renovated Duplex with Detached Garage

3009 Decoursey Ave, Covington, KY 41015

$368,000

2,992 sqft

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

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Six-Unit Apartment Building

716 Lewis Street, Covington, KY 41011

$490,000

5,060 sqft

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

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Duplex with Hardwood Floors

832 Willard St, Covington, KY 41011

$470,000

2,584 sqft

Two residential units include off-street parking and a two-bedroom layout with en suite bedrooms.

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Historic Brick Duplex

425 Lehmer St, Covington, KY 41011

$324,900

1,580 sqft

Two independent one-bedroom units offer flexible short-term or long-term rental configurations with separate utilities and private entrances.

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Short-Term Rental Property with Skyline Views

315 Western Ave, Covington, KY 41011

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960 sqft

Updated two-bedroom residence with a private deck and residential zoning.

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Duplex With Updated Interiors

3702 Huntington Ave, Latonia, KY 41015

$249,999

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

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Updated Duplex with Attached Garage

1107 John Street, Covington, KY 41016

$240,000

Two residential units feature central air, forced-air heating, and updated interiors.

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Renovated Three-Story Duplex

426 Watkins Street, Covington, KY 41011

$225,000

Rented duplex with updated interiors, separate building systems, and dedicated laundry areas for both units.

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Duplex Portfolio with Three-Unit

2047 Madison Ave, Covington, KY 41014

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Seven-apartment Northern Kentucky portfolio comprising two duplexes and a separate three-unit building.

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Mixed-Use Property with Apartment

3627 Decoursey Ave, Covington, KY 41015

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An upper-level apartment with a deck complements a flexible lower level suited to commercial use or residential conversion.

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6-Unit Renovated Apartment Buildings

701 W Pike St, Covington, KY 41011

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Updated kitchens and baths pair with separate utilities, furnaces, and substantial storage.

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525 Greenup St, Covington, KY

525 Greenup St, Covington, KY 41011

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525 Greenup St, Covington, KY 41011 For Sale

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Brick Duplex Income Property

1810 Madison Ave, Covington, KY 41014

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Solid brick, two-story duplex available for sale.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 19 Active Listings in Covington, KY, we suggest to view alternatives - similar 53 Off-Market properties to explore as potential leads.

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.

APARTMENT HOUSE (5+ UNITS)

980 Emery Dr, Covington, KY 41011-4069

Unit 1030

$380,000

Estimated value

3,257 sqft 8.33 AC lot

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APARTMENT HOUSE (5+ UNITS)

2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

$345,000

Estimated value

30.11 AC lot

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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

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APARTMENT HOUSE (5+ UNITS)

49 Burdsall Ave, Ft Wright, KY 41017-2820

$265,000

Estimated value

3,456 sqft 0.33 AC lot

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APARTMENT HOUSE (5+ UNITS)

1710 Eastern Ave, Covington, KY 41014-1468

Unit 12

$265,000

Estimated value

0.24 AC lot

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Covington, KY Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Covington, KY, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 29,078 square feet of properties for sale, with an estimated market value of $4,756,599.

Sale prices for multifamily properties in Covington, KY start at $225,000, averaging $365,892, 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
Latonia - 41015	$304K
Covington - 41011	$389.9K

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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