$229,000
PENDING

Estimated payment $1,294/month

Total Views 2,116
4 Beds
3 Baths
2,500 Sq Ft
$92 Price per Sq Ft

Highlights

  • City View
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

''Turnkey Income Meets Value-Add Potential in Desirable Covington! Rare opportunity to acquire a cash-flowing 3-unit building in a sought-after Covington, KY location. This property boasts proven, steady rental income from existing tenants, offering immediate returns from day one. While the building could benefit from some TLC and strategic updates, its current performance underlines its strong investment fundamentals. Imagine the significant upside potential to increase rents and property value through targeted renovations, transforming this solid asset into an even greater income producer in a thriving Northern Kentucky market. Don't miss this chance to acquire a profitable multi-family property with incredible growth prospects!''

Listing Agent

Eduardo Garcia

Sparen Realty License #274723 Listed on: 07/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $342

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Tri-Level Property
  • Brick Exterior Construction
  • Stone Foundation
  • Membrane Roofing

Interior Spaces

  • 2,500 Sq Ft Home
  • Non-Functioning Fireplace
  • Brick Fireplace
  • Vinyl Clad Windows
  • City Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

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

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 055-13-04-010.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$342

Lot Details

0

Listing Details

  • Cooling: Window Unit(s)
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Lot Size: Irregular
  • Ownership: Consumer, Agent/Owner
  • Directions: Madison to West on West 15th Street.
  • New Construction: No
  • Structure Type: Triplex
  • 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: Irregular
  • General Property Description:Approx SqFt2: 2500.0
  • Appliances Microwave: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electric Company: Duke Energy
  • Utilities Gas Company: Duke Energy
  • Water Company: NKY Water district
  • Water Source:Public: Yes
  • Location Tax Legal Info:Tax ID: 055-13-04-010.00
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Foundation:Stone3: Yes
  • View:City3: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Description:_pound_ of Buildings: 1
  • Utilities:Separate Furnace: Yes
  • Utilities:Separate Gas Electric: Yes
  • General Property Description:Number Of Units Total: 3
  • Roof:Membrane: Yes
  • Structure Type:Triplex: Yes
  • Levels Tri-Level2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Heating: Natural Gas, Forced Air
  • Levels: Tri-Level
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas
  • Number Of Buildings: 1
  • Appliances: Electric Range, Gas Range, Dryer, Microwave, Refrigerator, Washer
  • Accessibility Features: See Remarks
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Brick, Inoperable
  • Fireplace: Yes
  • Window Features: Vinyl Frames
  • Full Basement: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Inoperable: Yes
  • Fireplace Features:Brick3: Yes

Exterior Features

  • View: City
  • Roof: Membrane
  • View: Yes
  • Construction Type: Brick
  • Foundation Details: Stone
  • Construction Materials:Brick2: Yes
  • Window Features:Vinyl Frames: Yes
  • Accessibility Features:See Remarks30: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • Parking Features:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • 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

Multi Family

  • Number Of Units Total: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $342 $26,000 $5,000 $21,000
2023 $346 $26,000 $5,000 $21,000
2022 $412 $26,000 $5,000 $21,000
2021 $464 $26,000 $3,000 $23,000
2020 $462 $26,000 $3,000 $23,000
2019 $722 $43,000 $3,000 $40,000
2018 $736 $43,000 $3,000 $40,000
2017 $543 $30,000 $6,000 $24,000
2015 $931 $30,000 $6,000 $24,000
2014 $601 $30,000 $6,000 $24,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $229,000 -- $92 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $26,000 None Available
Warranty Deed $15,000 First Title Agency
Deed $22,500 360 American Title Svcs Llc
Deed $60,000 --
Deed $55,000 --
Deed $34,750 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Credit Line Revolving
Previous Owner $74,400 Unknown
Previous Owner $38,900 New Conventional
Previous Owner $44,000 New Conventional
Previous Owner $27,800 New Conventional
Source: Public Records

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Source: Northern Kentucky Multiple Listing Service

MLS Number: 634620

Northern Kentucky Multiple Listing Service

APN: 055-13-04-010.00