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    Covington, KY
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    Covington, KY Triplexes for Sale

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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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    Historic Three-Unit Residential Building
    Updated: Apr 16
    Historic Three-Unit Residential Building

    1410 Scott Street, Covington, KY 41011

    $599,000
    2,540 sqft
    Historic three‑unit multi‑family building
    Each unit includes separate washer and dryer
    Off‑street parking and private alley access
    Central air cooling and forced‑air natural gas heating
    Partial basement and 4 total fireplaces
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Covington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Duplex with Efficiency Outbuilding
    Duplex with Efficiency Outbuilding

    305 Walnut Street, Elmwood Place, OH 45216

    $215,000
    2,208 sqft 0.07 AC lot

    Well-maintained duplex with updated kitchens, washer/dryer hookups, and an outbuilding with separate utilities and kitchen/bath.

    View details
    Redevelopment Multi-Unit Property
    Redevelopment Multi-Unit Property

    1602 John Street, Cincinnati, OH 45214

    $164,900
    2,840 sqft 0.06 AC lot

    Former single-family home taken to the studs with three 1-bed/1-bath units, rezoned for 3 units.

    View details
    Four-Story Brick Three-Unit Property
    Four-Story Brick Three-Unit Property

    818 Livingston Street, Cincinnati, OH 45214

    $350,000
    4,510 sqft 0.05 AC lot

    Four-story brick building converted to three units with permitted plumbing, electric, windows, and rubber roof updates.

    View details
    Mixed-Use Corner Redevelopment Property
    Mixed-Use Corner Redevelopment Property

    5700 Highland Avenue, Elmwood Place, OH 45216

    $119,900
    0.06 AC lot

    Mixed-use corner building with operating retail, an unfinished studio, and two second-floor units stripped to studs.

    View details

    Covington, KY Triplexes Market Trends and Statistics

    Explore 2 triplexes for sale in Covington, KY on our real estate platform. These investment opportunities span a total of 5,726 square feet of properties for sale, with an estimated market value of $1,248,900.

    Sale prices for three-family homes in Covington, KY start at $599,000, averaging $624,450, 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

    Duplexes 6
    Apartment buildings 3
    Triplexes 2
    Quadplexes 1

    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
    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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