16 Martin St Covington, KY 41011
Eastside NeighborhoodEstimated payment $1,730/month
Total Views
9,047
4
Beds
4
Baths
1,628
Sq Ft
$175
Price per Sq Ft
Highlights
- Fireplace
- Entrance Foyer
- 1 Car Garage
- Window Unit Cooling System
- Forced Air Heating System
- Efficiency Studio Dwelling Unit
About This Home
Turnkey 4-unit property in Covington just minutes from downtown Cincinnati. Fully occupied with a gross monthly rent just over $4,000, including income from a rented garage. This asset offers stable cash flow with management already in place for a smooth transition. Ideal for investors seeking immediate income with minimal hands-on effort. Great location with strong rental demand. Inquire for full rent roll and financials!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,157
Year Built
- Built in 1890
Lot Details
- 2,725 Sq Ft Lot
- Lot Dimensions are 109x25
Parking
- 1 Car Garage
- Rear-Facing Garage
- On-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Block Foundation
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,628 Sq Ft Home
- 3-Story Property
- Fireplace
- Vinyl Clad Windows
- Double Hung Windows
- Entrance Foyer
- Basement Fills Entire Space Under The House
Kitchen
- Electric Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Full Bathrooms
Additional Homes
- Efficiency Studio Dwelling Unit
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Cable TV Available
Community Details
- 4 Units
- Gross Income $3,775
Listing and Financial Details
- Assessor Parcel Number 055-13-07-031.00
Map
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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 |
|---|---|---|---|---|
| 2024 | $2,157 | $164,000 | $15,000 | $149,000 |
| 2023 | $2,184 | $164,000 | $15,000 | $149,000 |
| 2022 | $2,423 | $164,000 | $15,000 | $149,000 |
| 2021 | $1,451 | $77,000 | $7,500 | $69,500 |
| 2020 | $1,445 | $77,000 | $7,500 | $69,500 |
| 2019 | $1,458 | $77,000 | $7,500 | $69,500 |
| 2018 | $1,483 | $77,000 | $7,500 | $69,500 |
| 2017 | $1,236 | $60,000 | $15,000 | $45,000 |
| 2015 | $1,404 | $60,000 | $15,000 | $45,000 |
| 2014 | $1,187 | $60,000 | $15,000 | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $284,900 | -5.0% | $175 / Sq Ft |
| 06/25/2025 06/25/25 | For Sale | $299,900 | 0.0% | $184 / Sq Ft |
| 06/17/2025 06/17/25 | Pending | -- | -- | -- |
| 06/11/2025 06/11/25 | For Sale | $299,900 | +89.8% | $184 / Sq Ft |
| 03/16/2021 03/16/21 | Sold | $158,000 | -9.7% | $58 / Sq Ft |
| 01/17/2021 01/17/21 | Pending | -- | -- | -- |
| 12/22/2020 12/22/20 | Price Changed | $175,000 | -12.1% | $64 / Sq Ft |
| 11/23/2020 11/23/20 | For Sale | $199,000 | -- | $73 / Sq Ft |
Source: Northern Kentucky Multiple Listing Service
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $164,000 | None Listed On Document | |
| Warranty Deed | $164,000 | 360 American Title Svcs Llc | |
| Deed | $15,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $128,799 | New Conventional | |
| Closed | $118,500 | New Conventional | |
| Closed | $118,500 | New Conventional | |
| Previous Owner | $165,000 | Construction |
Source: Public Records
Similar Homes in the area
Source: Northern Kentucky Multiple Listing Service
MLS Number: 633356
APN: 055-13-07-031.00
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 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
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