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    Covington, KY
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    Covington, KY Residential Income Properties for Sale

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    Ludlow, KY Cincinnati, OH Bromley, KY Union, KY Crescent Springs, KY Newport, KY Fort Mitchell, KY Bellevue, KY
    12 properties
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    Renovated Triplex with Adjacent Lot
    Updated: Apr 29
    Renovated Triplex with Adjacent Lot

    501 Johnson Street, Covington, KY 41011

    $649,900
    3,186 sqft 0.05 AC lot
    Renovated 3‑unit triplex in Covington, KY (2 one‑bed/one‑bath units and 1 one‑bed/1.5‑bath unit).
    Built in 1860 with brick construction; membrane roof; forced‑air heating and central air.
    Each unit includes stainless steel appliances plus washer/dryer stacked, electric oven, electric cooktop, dishwasher, microwave, and refrigerator.
    Fireplace included; basement present; public sewer and public water.
    Off‑street parking includes a back lot for 3 cars and a driveway for up to 3 cars; on‑street parking also available.
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    This listing looks promising.

    Here's a quick look at some key insights for

    501 Johnson Street, Covington, KY 41011

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    • Est. Cap Rate

      4.4%
      NOI ÷ price

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $408K
      Suggested

    • Property Type

      Triplex
      Built 1860
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    Mixed-Use Building in Ludlow
    Updated: Jan 9
    Mixed-Use Building in Ludlow

    401-403 Elm Street, Covington, KY 41016

    $319,500
    5,556 sqft 0.11 AC lot
    Prime corner property in the heart of Ludlow with exceptional visibility.
    Mixed‑use building offering both retail and residential possibilities.
    Spacious 5,500+ square feet across two stories.
    Located in a thriving, walkable neighborhood minutes from downtown Cincinnati.
    Includes Bonus Building with Separate Utilities.
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    5-Unit Multifamily with Shared Roof
    5-Unit Multifamily with Shared Roof

    112-114 East 5th Street, Covington, KY 41011

    $699,000
    5,184 sqft

    Multifamily property with 5 rental units, including shared roof and common wall configurations, plus modernized systems.

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    Historic Three-Unit Residential Building
    Historic Three-Unit Residential Building

    1410 Scott Street, Covington, KY 41011

    $599,000
    2,540 sqft

    Historic three-unit property with separate in-unit washer/dryer, off-street parking, and private alley access.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Corner Lot Duplex Investment
    Corner Lot Duplex Investment

    1802 Holman Street, Covington, KY 41014

    $295,000
    2,094 sqft

    Brick two-story duplex on a corner lot with separate utilities and two kitchens across both rented units.

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    Turnkey 5-Unit Multifamily Property
    Turnkey 5-Unit Multifamily Property

    661 West Pike Street, Covington, KY 41011

    $465,000
    3,066 sqft

    Brick 5-unit building with a mix of 1BR, 2BR, and a 3BR, plus updated interiors and tenant-paid electric.

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    Townhome-Style Duplex With Private Decks
    Townhome-Style Duplex With Private Decks

    2041 Franklin Street, Covington, KY 41014

    $440,000
    3,136 sqft

    Side-by-side 3-story duplex built in 1996 with private decks, in-unit laundry, and separately metered utilities.

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    Renovation-Needed Duplex
    Renovation-Needed Duplex

    943 John Street, Covington, KY 41016

    $109,900
    1,418 sqft

    Duplex on a double lot with two 1-bed, 1-bath units, sold as-is where-is and needing renovations.

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    Renovated Duplex with Off-Street Parking
    Renovated Duplex with Off-Street Parking

    1907 Howell Street, Covington, KY 41014

    $285,000

    Completely renovated duplex offering two 2-bedroom units with off-street parking and a shared basement.

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    Mixed-Use Building with Rink
    Mixed-Use Building with Rink

    121 E 31st Street, Latonia, KY 41015

    $300,000

    Former neighborhood skating rink with a 3-bedroom apartment above, offered ready for full renovation.

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    Retail Storefront with Apartment
    Retail Storefront with Apartment

    3802 Winston Ave, Covington, KY 41015

    Contact for pricing

    Completely renovated mixed-use property featuring a commercial storefront with an upstairs one-bedroom apartment.

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    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

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 12 Active listings in Covington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 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.

    Mixed-Use Quadplex with Corner Space
    Mixed-Use Quadplex with Corner Space

    337 West 11th Street, Newport, KY 41071

    $350,000
    3,136 sqft

    Nearly complete 4-unit building with three residential apartments and one corner commercial space, with fresh exterior updates.

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    Mixed-Use Bar and Apartments
    Mixed-Use Bar and Apartments

    1424 Joe Nuxhall Way, Cincinnati, OH 45202

    $650,000

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

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    Three-Level Duplex with Separate Entries
    Three-Level Duplex with Separate Entries

    338 Hodge Street, Newport, KY 41071

    $187,000

    Three-level duplex offers two separate existing entries, with newer roof and windows, plus an off-street rear parking pad.

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    Downtown Cincinnati Development Opportunity
    Downtown Cincinnati Development Opportunity

    4 W 4th St, Cincinnati, OH 45202

    $799,900

    Prime location near Fountain Square with government incentives available.

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    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.

    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.

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    Residential Land in Prime Location
    Residential Land in Prime Location

    127 Valencia Street, Cincinnati, OH 45219

    $48,000
    0.19 AC lot

    Buildable land in a prime urban area, convenient and private.

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    Walnut Hills Development Opportunity
    Walnut Hills Development Opportunity

    2211 Park Avenue, Cincinnati, OH 45206

    $199,000
    0.27 AC lot

    Residential multi-family development opportunity in Cincinnati's Walnut Hills.

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    Land in University Heights
    Land in University Heights

    507 Tafel Street, Cincinnati, OH 45225

    Contact for pricing
    0.06 AC lot

    Land suitable for single or multi-family home development.

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    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
    Value Estimation by Request
    3,257 sqft 8.33 AC lot
    View details
    2530 Chelsea Dr
    APARTMENT HOUSE (5+ UNITS)

    2530 Chelsea Dr, Ft Mitchell, KY 41017-1700

    Value Estimation by Request
    30.11 AC lot
    View details
    32 Orphanage Rd, Unit 36
    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
    View details
    49 Burdsall Ave
    APARTMENT HOUSE (5+ UNITS)

    49 Burdsall Ave, Ft Wright, KY 41017-2820

    Value Estimation by Request
    3,456 sqft 0.33 AC lot
    View details
    1710 Eastern Ave, Unit 12
    APARTMENT HOUSE (5+ UNITS)

    1710 Eastern Ave, Covington, KY 41014-1468

    Unit 12
    Value Estimation by Request
    0.24 AC lot
    View details
    412 45th St
    APARTMENT HOUSE (5+ UNITS)

    412 45th St, Covington, KY 41015-1888

    Value Estimation by Request
    4,095 sqft 0.16 AC lot
    View details
    57 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    57 Wallace Ave, Covington, KY 41014-1246

    Value Estimation by Request
    0.20 AC lot
    View details
    111 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    111 Wallace Ave, Covington, KY 41014-5168

    Value Estimation by Request
    0.60 AC lot
    View details
    17 Wallace Ave
    APARTMENT HOUSE (5+ UNITS)

    17 Wallace Ave, Covington, KY 41014-5103

    Value Estimation by Request
    2,915 sqft 0.19 AC lot
    View details
    1811 Pearl St, Unit 13
    APARTMENT HOUSE (5+ UNITS)

    1811 Pearl St, Covington, KY 41014-1211

    Unit 13
    Value Estimation by Request
    3,886 sqft 0.07 AC lot
    View details
    727 Bakewell St
    APARTMENT HOUSE (5+ UNITS)

    727 Bakewell St, Covington, KY 41011-1201

    Value Estimation by Request
    0.04 AC lot
    View details
    725 Bakewell St
    APARTMENT HOUSE (5+ UNITS)

    725 Bakewell St, Covington, KY 41011-1219

    Value Estimation by Request
    0.05 AC lot
    View details

    Covington, KY Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Covington, KY, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 26,180 square feet of properties for sale, with an estimated market value of $3,577,300.

    Sale prices for residential income properties in Covington, KY start at $109,900, averaging $447,162, and reaching up to $699,000 — 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

    Multifamily properties 3
    Triplexes 2

    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
    41016 $319.5K
    41011 $649.9K

    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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    Most Searched ZIP Codes in Covington, KY

    • 41011
    • 41016

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