Covington, KY Residential Income Properties for Sale

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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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Updated: Aug 3

Renovated Duplex with Detached Garage

3009 Decoursey Ave, Covington, KY 41015

$368,000

2,992 sqft

2,992 SF duplex with two approximately 1,500‑square‑foot units
Each unit includes 2 bedrooms, 1 bathroom, hardwood floors, porches, and a solarium
Major improvements completed since 2023, including AC, plumbing, bathrooms, gutters, and foundation work
Separate utilities and laundry hookups, with two washer‑and‑dryer sets
Oversized detached garage currently configured as a sound studio

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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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See what stands out in Kenton County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Mixed-Use Property with Grocery Store

940 Western Ave, Covington, KY 41011

$250,000

3,369 sqft

Combined neighborhood retail and residential space includes a three-bedroom apartment requiring full renovation.

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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

$215,000

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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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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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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Retail Storefront with Apartment

3802 Winston Ave, Covington, KY 41015

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

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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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Renovated Mixed-Use Property

717 W Pike St, Covington, KY 41011

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Renovated two-level property combines leased salon space with a two-bedroom apartment.

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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 18 Active Listings in Covington, KY, we suggest to view alternatives - similar 54 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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APARTMENT HOUSE (5+ UNITS)

412 45th St, Covington, KY 41015-1888

$50,000

Estimated value

4,095 sqft 0.16 AC lot

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Covington, KY Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Covington, KY, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 28,301 square feet of properties for sale, with an estimated market value of $4,331,699.

Sale prices for residential income properties in Covington, KY start at $215,000, averaging $333,207, 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	$377.1K

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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