1039 Lee St Covington, KY 41011
Westside NeighborhoodEstimated payment $4,432/month
Highlights
- Open Floorplan
- Granite Countertops
- Eat-In Kitchen
- Property is near public transit
- Neighborhood Views
- Multiple cooling system units
About This Home
Welcome to 1039 Lee Street - an exceptional, fully occupied 4-unit investment property ideally positioned on a corner lot just steps from everything Covington has to offer! Whether you're expanding your portfolio or looking for a turnkey asset in a prime location, this one checks all the boxes. The building features a strong unit mix with two spacious 2-bedroom, 1.5-bath units and two efficiency units each with a full bath. Every unit has been thoughtfully updated, blending historic character with modern appeal, highlighted by restored flooring, exposed brick walls, and updated finishes throughout. Tenants enjoy the convenience of separate utilities and in-unit laundry, adding to the property's long-term desirability and ease of management. Outside, a fenced courtyard provides inviting shared outdoor space, while two off-street parking spots offer added value in this walkable, high-demand area. Don't miss your opportunity to own a well-maintained, income-producing property in the heart of it all.
Property Details
Home Type
- Multi-Family
Lot Details
- 3,395 Sq Ft Lot
- Lot Dimensions are 35 x 97
- Privacy Fence
- Wood Fence
Home Design
- Quadruplex
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,438 Sq Ft Home
- Open Floorplan
- Non-Functioning Fireplace
- Double Hung Windows
- Aluminum Window Frames
- Entrance Foyer
- Storage
- Neighborhood Views
- Basement Fills Entire Space Under The House
- Fire Sprinkler System
Kitchen
- Eat-In Kitchen
- Electric Range
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry in unit
- Stacked Washer and Dryer
Parking
- Driveway
- Off-Street Parking
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Additional Features
- Patio
- Property is near public transit
Community Details
- 4 Units
- Gross Income $5,270
Listing and Financial Details
- The owner pays for water, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $8,348 | $630,000 | $20,000 | $610,000 |
| 2024 | $8,285 | $630,000 | $20,000 | $610,000 |
| 2023 | $8,392 | $630,000 | $20,000 | $610,000 |
| 2022 | $8,456 | $630,000 | $20,000 | $610,000 |
| 2021 | $1,660 | $91,000 | $10,000 | $81,000 |
| 2020 | $1,653 | $91,000 | $10,000 | $81,000 |
| 2019 | $1,669 | $91,000 | $10,000 | $81,000 |
| 2018 | $1,699 | $91,000 | $10,000 | $81,000 |
| 2017 | $1,719 | $91,000 | $10,000 | $81,000 |
| 2015 | $2,380 | $91,000 | $10,000 | $81,000 |
| 2014 | $2,296 | $91,000 | $10,000 | $81,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/27/2026 03/27/26 | For Sale | $699,900 | +11.1% | $204 / Sq Ft | |
| 08/04/2021 08/04/21 | Sold | $630,000 | -3.1% | -- | View Prior Sale |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- | |
| 07/14/2021 07/14/21 | Price Changed | $649,900 | -4.3% | -- | |
| 06/24/2021 06/24/21 | For Sale | $679,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $630,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Commissioners Deed | $72,000 | None Available | |
| Deed | $91,000 | Heritage Title Llc |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $472,500 | No Value Available | |
| Previous Owner | $81,900 | Commercial |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 640978
APN: 054-22-08-017.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers.
Listing information is deemed reliable, but not guaranteed.
Copyright 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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