Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    229 Riverside Dr, Unit 31 Covington, KY 41011-1880

    • Apartment buildings
    • 6,864 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 05, 2021
    Location Intelligence
    Property ID
    US34-0303071
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 229 Riverside Dr

    Lot size
    0.15 lot acres
    Property size
    6,864 SF
    Property type
    Apartment buildings
    APN
    054-14-12-008.00
    APU
    54141200800

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Kenton
    State
    Kentucky
    Longitude
    -84.5072
    Latitude
    39.0908
    CBSA code
    17140
    CBSA name
    CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,790
    $150,000
    $585,000
    $735,000
    -
    $150,000
    $585,000
    $735,000

    Comparable in this City

    • Value Estimation by Request
      16.23 Acres

      400 Farrell Dr

      APARTMENT HOUSE (5+ UNITS) • 16.23 Acres
      400 Farrell Dr, Covington, KY 41011-3785
      View Details
    • Value Estimation by Request
      0.10 Acres

      1112 Banklick St, Unit 14

      APARTMENT HOUSE (5+ UNITS) • 0.10 Acres
      1112 Banklick St, Covington, KY 41011-5204
      View Details
    • Value Estimation by Request
      1,994 SF

      1049 Banklick St

      APARTMENT HOUSE (5+ UNITS) • 1,994 SF
      1049 Banklick St, Covington, KY 41011-3087
      View Details
    • Value Estimation by Request
      4,161 SF

      1301 Banklick St

      APARTMENT HOUSE (5+ UNITS) • 4,161 SF
      1301 Banklick St, Covington, KY 41011-2910
      View Details
    • Value Estimation by Request
      9,350 SF

      423 Greenup St, Unit 25

      APARTMENT HOUSE (5+ UNITS) • 9,350 SF
      423 Greenup St, Covington, KY 41011-3069
      View Details
    • Value Estimation by Request
      1,183 SF

      493 Arlington Rd

      APARTMENT HOUSE (5+ UNITS) • 1,183 SF
      493 Arlington Rd, Covington, KY 41011
      View Details

    Similar Nearby for Sale

    • $395,000
      2,633 SF

      Covington Multifamily Investment Opportunity

      Cash-flowing 5-unit property in historic Madison Avenue location.
      1451 Madison Ave, Covington, KY 41011
      View Details
    • $455,000
      2,852 SF

      Covington Multifamily Property on Double Lot

      Well-maintained 5-unit property near Roebling Point with ample parking.
      1333 Scott St, Covington, KY 41011
      View Details
    • $540,000
      1,784 SF

      Covington Multifamily Property with Garage

      Two-family property near Mainstrasse with garage and backyard.
      328 W 6Th St, Covington, KY 41011
      View Details
    • New
      $875,000
      6,000 SF

      Historic Mixed-Use Building in Covington

      Charming, fully leased mixed-use property near Covington's main attractions.
      138-142 W Pike St, Covington, KY 41011
      View Details
    • $375,000
      Pending

      Remodeled Covington Duplex Near Cincinnati

      Completely remodeled duplex in Covington, suitable for long or short-term rental.
      1235 Scott St, Covington, KY 41011
      View Details
    • $540,000
      Pending

      Historic Covington Triplex with Modern Updates

      Updated triplex in Covington's Mainstrasse Village, an exceptional investment opportunity.
      818 Greer St, Covington, KY 41011
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Land for Rent

      Land available for rent at 406-410 Bakewell St, Covington, KY.
      406-410 Bakewell St, Covington, KY 41011
      View Details
    • $16 SF/Yr
      11,900 SF

      Covington Office Space For Lease

      Professional office space in central Covington location with parking.
      118 W 5Th St, Covington, KY 41011
      View Details
    • $750 /Mo
      11,900 SF

      Covington Office Space For Rent

      Office space for lease in historic Covington building.
      118 W 5Th St, Covington, KY 41011
      View Details
    • $6 SF/Yr
      22,080 SF

      Covington Warehouse with Secure Parking

      Warehouse space with drive-through and secure parking in Covington.
      1116 Russell St, Covington, KY 41011
      View Details
    • Contact for pricing
      11,293 SF

      Office Space Near Downtown Cincinnati

      Office buildings with signage and conference room, near downtown.
      1881 Dixie Hwy, Ft Wright, KY 41011
      View Details
    • $17 SF/Yr
      3,300 SF

      Renovated Urban Office Space

      3300 SF Covington office space with parking.
      722 Scott St Unit, Covington, KY 41011
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Riverside Dr, Unit 31
    Covington, KY 41011-1880
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.