218 W 5th St Covington, KY 41011
Downtown Covington NeighborhoodEstimated payment $2,374/month
Highlights
- Property is near public transit
- Forced Air Heating and Cooling System
- 4-minute walk to George Steinford Park
- Neighborhood Views
- Partially Fenced Property
About This Home
Welcome to this beautifully updated duplex nestled in one of Covington, Kentucky's most sought-after historic neighborhoods. Where charm meets modern convenience. Whether you're an investor or a first-time buyer looking to offset your mortgage, this property delivers the perfect house-hack opportunity.
Both units have been updated with fresh finishes, modern fixtures, and move-in ready interiors that honor the character of the neighborhood while meeting today's lifestyle demands. One unit is currently vacant and ready for immediate owner-occupancy, live in your own space while your tenant helps cover your mortgage. It's homeownership that pays you back.
Location is everything, and this property delivers. Situated just minutes from the new IRS Development Site -- one of the most significant economic drivers coming to the greater Cincinnati region -- this address is positioned for long-term appreciation. BUT also just a short stroll from everything that makes Covington legendary: MainStrasse Village, , craft Braxton, Wenzel, shops, and the scenic Covington Riverwalk with views of the Cincinnati skyline.
Commuters will love the easy highway access connecting you to downtown Cincinnati, Northern Kentucky. With strong rental demand, a thriving local economy, and a neighborhood that only continues to grow in desirability, this duplex checks every box.
Live smart. Build wealth. Own a piece of Covington's history! Set up a showing today.
Property Details
Home Type
- Multi-Family
Lot Details
- 1,650 Sq Ft Lot
- Lot Dimensions are 25x65
- Partially Fenced Property
Parking
- On-Street Parking
Home Design
- Duplex
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 1,664 Sq Ft Home
- Brick Fireplace
- Vinyl Clad Windows
- Aluminum Window Frames
- Neighborhood Views
- Basement Fills Entire Space Under The House
- Laundry in unit
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Location
- Property is near public transit
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Ductless Heating Or Cooling System
- Mini Split Air Conditioners
- Forced Air Heating and Cooling System
- Mini Split Heat Pump
- Furnace
- Separate Meters
- Underground Utilities
- 200+ Amp Service
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for electricity, gas, water, heat, sewer
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,484 | $112,000 | $15,000 | $97,000 |
| 2024 | $1,473 | $112,000 | $15,000 | $97,000 |
| 2023 | $1,492 | $112,000 | $15,000 | $97,000 |
| 2022 | $1,525 | $112,000 | $15,000 | $97,000 |
| 2021 | $1,570 | $100,000 | $15,000 | $85,000 |
| 2020 | $1,265 | $80,000 | $15,000 | $65,000 |
| 2019 | $1,279 | $80,000 | $15,000 | $65,000 |
| 2018 | $1,304 | $80,000 | $15,000 | $65,000 |
| 2017 | $1,323 | $80,000 | $15,000 | $65,000 |
| 2015 | $1,702 | $80,000 | $15,000 | $65,000 |
| 2014 | $1,562 | $80,000 | $15,000 | $65,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/23/2026 06/23/26 | Price Changed | $410,000 | -3.5% | $246 / Sq Ft |
| 06/12/2026 06/12/26 | For Sale | $425,000 | -- | $255 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | 360 American Title | |
| Warranty Deed | $100,000 | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $311,357 | Construction | |
| Closed | $311,357 | Construction | |
| Previous Owner | $118,500 | New Conventional | |
| Previous Owner | $81,470 | New Conventional | |
| Previous Owner | $84,500 | Fannie Mae Freddie Mac | |
| Previous Owner | $82,000 | New Conventional | |
| Previous Owner | $72,000 | Unknown |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 643632
APN: 054-21-08-022.00
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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Ask me questions while you tour the home.