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    Newport, KY
    Multifamily

    Newport, KY Multifamily Properties for Sale

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    Covington, KY Union, KY Cincinnati, OH Elmwood Place, OH Bellevue, KY Ludlow, KY Wilder, KY Fort Thomas, KY
    Corner Retail with Residential Units
    Updated: May 15
    Corner Retail with Residential Units

    1101 Isabella St, Newport, KY 41071

    $599,000
    3,930 sqft
    Historic corner property with mixed‑use setup: rented storefront plus apartments
    Includes a storefront currently rented for a business
    Residential mix includes one 2‑bedroom apartment and three studio units
    Entire property is fully rented and generating income
    Commercial and residential units combine for an income‑producing, mixed‑use structure
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    This listing looks promising.

    Here's a quick look at some key insights for

    1101 Isabella St, Newport, KY

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    • Est. Cap Rate

      7.3%
      Above avg (5.9%)

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $625K
      Above asking

    • Last Sold

      Dec 2021
      $489K

    • Property Type

      Commercial (General)
      Built 1901
    View Property Analytics
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Newport, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, 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.

    Renovated Triplex with Development Potential
    Renovated Triplex with Development Potential

    501 Johnson Street, Covington, KY 41011

    $649,900
    3,186 sqft 0.05 AC lot

    Renovated triplex with vacant lot in Covington, Kentucky.

    View details
    Land with City/River Views
    Land with City/River Views

    1112 Fuller Street, Cincinnati, OH 45202

    $900,000
    0.10 AC lot

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

    View details
    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.

    View details
    525 Greenup St, Covington, KY
    525 Greenup St, Covington, KY

    525 Greenup St, Covington, KY 41011

    Contact for pricing

    525 Greenup St, Covington, KY 41011 For Sale

    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
    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.

    View details
    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.

    View details
    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.

    View details
    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.

    View details

    Newport, KY Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Newport, KY on our real estate platform. These investment opportunities span a total of 3,930 square feet of properties for sale, with an estimated market value of $599,000.

    Sale prices for multifamily properties in Newport, KY start at $599,000, averaging $599,000, and reaching up to $599,000 — 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

    Apartment buildings 2

    Demographics Overview

    Population 66K
    Population Growth (5Y) +0.2%
    Median Household Income $73,960
    College Educated 39.9%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    41071 $599K

    Taxes & Financing

    Tax Rate (average for all types) 0.85%
    Property Tax per SF $9.42 per SF
    Tax Rate vs County Average 0.10 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Newport fall within the 100,000+ square foot range.

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