$160,000
SOLD JAN 10, 2025
6 Beds
3 Baths
1,954 Sq Ft
4,650 Sq Ft Lot

Recently Sold

$82 Per Sq Ft

36% Below List Price

121 Days on Market

Highlights

  • City View
  • 3 Fireplaces
  • Built-In Features
  • Property is near public transit
  • Covered Patio or Porch
  • Mini Split Air Conditioners

About This Home

As of January 2025

3 story brick duplex with off street parking right on Madison Avenue! This historic brick offers 2 apartments, a fenced in yard, and off street parking for up to 4 vehicles. The first floor is a 2 bedroom 1 full bath unit. Long term tenants in place that are willing to negotiate a lease to stay. 2nd & 3rd floor is a very large 4 bedroom, 2 full bath apartment. This home features a ton of historical charm and original features. 10' Plus ceilings, natural woodwork and doors. Newer roof, HVAC's, updated electrical panels. Full basement with laundry hook ups. Income producing property with even more upside.

Can be purchased as a package with 101 E 12th St in Covington KY at a reduced price.

Last Agent to Sell the Property

Joe Tucker

Paragon Realty Partners License #252737 Listed on: 08/28/2024

Last Buyer's Agent

Joe Tucker

Paragon Realty Partners License #252737 Listed on: 08/28/2024

Property Details

Home Type

  • Multi-Family

Lot Details

  • 4,650 Sq Ft Lot
  • Lot Dimensions are 25x90
  • Privacy Fence
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 1,954 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • 3 Fireplaces
  • Decorative Fireplace
  • Awning
  • Vinyl Clad Windows
  • Double Hung Windows
  • Picture Window
  • Sliding Windows
  • Storage
  • City Views
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Sixth District Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Property is near public transit

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • The owner pays for sewer, water
  • Assessor Parcel Number 055-14-16-018.00

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Cooling: Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Owner Pays: Sewer, Water
  • Lot Size Acres: 0.11
  • Lot Size: 25x90
  • Directions: 75/71 to 12th St, Turn South on Madison Ave, Home is on the left.
  • New Construction: No
  • Structure Type: Duplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: Sixth District Elementary
  • Location Tax Legal Info:Middle or Junior School: Holmes Middle School
  • Location Tax Legal Info:High School: Holmes Senior High
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: 25x90
  • General Property Description:Approx SqFt2: 1954.0
  • Remarks Misc:Agent Only Remarks: 1st Floor Rented at $500 per month with a VERY long term tenant in place. Tenant is Month to Month. This unit could use updating and is well below market rent. 2nd floor rented at $1,550 per month and tenant under lease until March 31st 2025. Tenant rent is fully subsidized by KHC. Tenants pay Gas & Electric on separate meters. Landlord pays water & sanitation. Can be purchased with 101 E 12th St in Covington as a package fro $450,000.00
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke
  • Utilities Gas Company: Duke
  • Water Company: NKY Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.1067
  • General Property Description:Living Area: 1954.0
  • General Property Description:Lot Size Square Feet: 4650.0
  • Location Tax Legal Info:Tax ID: 055-14-16-018.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 3
  • Foundation:Stone3: Yes
  • Laundry Features:In Basement: Yes
  • Fencing:Privacy: Yes
  • View:City3: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Water Available: Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Air Condition: Yes
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 2
  • Structure Type:Duplex: Yes
  • Levels:Three Or More2: Yes
  • Fencing Fenced5: Yes
  • Special Features: None

Interior Features

  • Interior Amenities: Storage, Built-in Features
  • Basement: Full
  • Heating: Natural Gas, Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat
  • Number Of Buildings: 1
  • Appliances: Gas Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Decorative
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 1954.0
  • Window Features: Double Hung, Picture Window(s), Slider Window(s), Vinyl Clad Window(s)
  • Full Basement: Yes
  • Interior Features:Built-in Features2: Yes
  • Appliances:Gas Range: Yes
  • Fireplace Features:Decorative: Yes
  • Interior Features:Storage11: Yes

Exterior Features

  • View: City
  • Fencing: Fenced, Privacy
  • Roof: Shingle
  • Lot Features: Near Public Transit
  • View: Yes
  • Construction Type: Brick
  • Exterior Features: Awning(s)
  • Foundation Details: Stone
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Brick2: Yes
  • Patio and Porch Features:Covered: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Double Hung: Yes
  • Window Features:Picture Window(s): Yes
  • Window Features:Vinyl Clad Window(s): Yes
  • Window Features:Slider Window(s): Yes
  • Patio and Porch Features:Awning(s): Yes
  • Exterior Features:Awning(s)2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Parking Features:Off Street2: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: In Basement
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Sixth District Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Lot Info

  • Lot Size Sq Ft: 4650.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2024
Closed on
Jan 13, 2025
Sold by
Pmt Properties Llc
Bought by
Berry Patrick
Seller's Agent
Joe Tucker
Paragon Realty Partners
Buyer's Agent
Joe Tucker
Paragon Realty Partners
List Price
$250,000
Sold Price
$160,000
Premium/Discount to List
-$90,000
-36%
Views
187
Current Estimated Value
$177,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,118
Avg. Annual Appreciation
11.05%
Original Mortgage
$198,000
Outstanding Balance
$33,941
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$143,177

Purchase Details

Closed on
Mar 1, 2017
Sold by
Martin Stanley and Martin Julie I
Bought by
S Martin Properties Llc

Purchase Details

Closed on
Feb 14, 2012
Sold by
Norton Robert V
Bought by
Martin Stanley
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $160,000 None Listed On Document
Warranty Deed $160,000 None Listed On Document
Deed -- None Available
Deed $12,000 Kentucky Land Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $198,000 Construction
Closed $198,000 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2025 01/10/25 Sold $160,000 -20.0% $82 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
11/25/2024 11/25/24 Price Changed $200,000 -2.4% $102 / Sq Ft
11/18/2024 11/18/24 Price Changed $205,000 -4.7% $105 / Sq Ft
10/22/2024 10/22/24 Price Changed $215,000 -6.5% $110 / Sq Ft
10/14/2024 10/14/24 Price Changed $230,000 -1.3% $118 / Sq Ft
09/30/2024 09/30/24 Price Changed $233,000 -1.9% $119 / Sq Ft
09/16/2024 09/16/24 Price Changed $237,500 -5.0% $122 / Sq Ft
08/28/2024 08/28/24 For Sale $250,000 +42.9% $128 / Sq Ft
05/23/2024 05/23/24 Sold $175,000 0.0% $90 / Sq Ft View Prior Sale
04/04/2024 04/04/24 Pending -- -- --
04/04/2024 04/04/24 For Sale $175,000 -- $90 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

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 $2,319 $175,000 $5,000 $170,000
2024 $658 $50,000 $5,000 $45,000
2023 $666 $50,000 $5,000 $45,000
2022 $722 $50,000 $5,000 $45,000
2021 $479 $27,000 $5,000 $22,000
2020 $477 $27,000 $5,000 $22,000
2019 $481 $27,000 $5,000 $22,000
2018 $490 $27,000 $5,000 $22,000
2017 $496 $27,000 $6,000 $21,000
2015 $714 $27,000 $6,000 $21,000
2014 $521 $27,000 $6,000 $21,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 625990

Northern Kentucky Multiple Listing Service

APN: 055-14-16-018.00