NOT LISTED FOR SALE

Estimated Value: $2,586,129

Studio
5 Baths
9,508 Sq Ft
$272/Sq Ft Est. Value

Sale Details

Date Sold: June 22, 2026

Last sale price $2,500,000 $263 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $15,704 / mo

5 Days on Market

Highlights

  • River View
  • 0.44 Acre Lot
  • 9 Fireplaces
  • Waterfront
  • Property is near public transit
  • 2-minute walk to George Rogers Clark Park

About This Home

As of June 2026

Introducing the Banning House at 403 Riverside Drive--an extraordinary and rare riverfront offering along Covington's Historic Riverside Drive and Licking River corridors. Rich in heritage, this Greek Revival residence dates to before 1860, once home to David and Jeremiah Banning, and now presents a compelling opportunity to shape a truly iconic asset.
Currently configured as seven apartments with two coach houses, the property offers remarkable flexibility for visionary redevelopment. Envision a grand single-family urban estate, an elegant duplex, or a refined boutique multifamily residence--each possibility capitalizing on its architectural character and prime setting.
Perfectly positioned directly across from the Cincinnati skyline, residents will enjoy seamless access to premier dining, entertainment, riverfront recreation, and key employment centers. Walkability and proximity to the Ohio River further elevate its lifestyle appeal. A distinctive and tightly held opportunity, the Banning House represents a rare chance to reimagine a historic riverfront presence along Covington's coveted Gold Coast--where legacy, location, and potential converge. See attached documents.

Last Agent to Sell the Property

Connie Greene

Robinson Sotheby's Int. Realty License #219763 Listed on: 04/23/2026

Robinson Sotheby's Int. Realty

Last Buyer's Agent

Trina Rigdon

Comey & Shepherd, Inc License #221056

Comey & Shepherd, Inc
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Property Details

Home Type

  • Apartment

Lot Details

  • 19,095 Sq Ft Lot
  • Lot Dimensions are 143x134
  • Waterfront
  • Corner Lot
  • Private Yard

Property Views

  • River
  • Skyline
  • Neighborhood

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • Double Vanity
  • 9,508 Sq Ft Home
  • Bookcases
  • Chandelier
  • 9 Fireplaces
  • Wood Frame Window
  • Entrance Foyer
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Basement

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

Parking

  • Private Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Property is near public transit

Schools

  • John G. Carlisle Elementary School
  • Holmes Middle School
  • Holmes Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 3 Buildings
  • 9 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Apartment

Lot Details

0.44 Acres

Listing Details

  • Cooling: Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Apartment
  • Owner Pays: Water, Sewer
  • Lot Size Acres: 0.4384
  • Lot Size: 143x134
  • Ownership: LLC
  • MLS Status: Sold
  • Standard Status: Closed
  • Directions: Property is on the Covington Riverfront, east of the Suspension Bridge. There is pay parking on the street, or limited parking in the rear of the property via an alley, between the two coach houses.
  • New Construction: No
  • Structure Type: Apartment
  • Contract Info:Auction YN: No
  • General Property Description:Basement YN2: Yes
  • General Property Description:Approx SqFt2: 9508.0
  • Property Ownership:Property Ownership: LLC
  • Unit Type:Unit Type: 4 Bedroom Or More
  • Special Features: None

Interior Features

  • Interior Amenities: Bookcases, Chandelier, Double Vanity, Entrance Foyer, Granite Counters, Kitchen Island
  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas
  • Number Of Buildings: 3
  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer/Dryer Stacked, Electric Range
  • Fireplaces: 9
  • Fireplace: Yes
  • Living Area: 9508.0
  • Window Features: Wood Frames

Exterior Features

  • View: Skyline, Neighborhood, River, City
  • Roof: Shingle
  • Lot Features: Corner Lot, Waterfront, Near Public Transit
  • View: Yes
  • Construction Type: Brick
  • Exterior Features: Balcony, Private Yard
  • Foundation Details: Stone
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street, Off Street, Private

Utilities

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

Schools

  • Elementary School: John G. Carlisle Elementary
  • Junior High Dist: Covington Indep
  • High School: Holmes Senior High
  • Middle Or Junior School: Holmes Middle School

Lot Info

  • Lot Size Sq Ft: 19095.0

Multi Family

  • Number Of Units Total: 9

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2026
Closed on
Jun 22, 2026
Sold by
Johnson Parrett Properties Llc
Bought by
Seller's Agent
Connie Greene
Robinson Sotheby's Int. Realty
Buyer's Agent
Trina Rigdon
Comey & Shepherd, Inc
List Price
$2,500,000
Sold Price
$2,500,000
Views
57
Current Estimated Value
$2,586,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,129
Avg. Annual Appreciation
14.51%
Original Mortgage
$850,000
Outstanding Balance
$844,955
Interest Rate
6.51%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,741,174

Purchase Details

Closed on
Mar 30, 2012
Sold by
403 Riverside Drive Llc
Bought by
Johnson Parrett Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.89%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 11, 2007
Sold by
Hoffmann Lucille
Bought by
403 Riverside Drive Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
-- None Available
403 Riverside Drive Llc -- None Available
Source: Public Records

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 Borrower Loan Amount
Open $892,000
Closed Johnson Parrett Properties Llc $640,000
Source: Public Records

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
06/22/2026 06/22/26 Sold $2,500,000 0.0% $263 / Sq Ft
04/28/2026 04/28/26 Pending -- -- --
04/23/2026 04/23/26 For Sale $2,500,000 -- $263 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

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 $13,250 $1,000,000 $330,000 $670,000
2024 $13,150 $1,000,000 $330,000 $670,000
2023 $13,320 $1,000,000 $330,000 $670,000
2022 $13,286 $1,000,000 $330,000 $670,000
2021 $15,290 $1,000,000 $330,000 $670,000
2020 $15,212 $1,000,000 $330,000 $670,000
2019 $15,385 $1,000,000 $330,000 $670,000
2018 $15,868 $1,000,000 $330,000 $670,000
2017 $16,099 $1,000,000 $330,000 $670,000
2015 $18,713 $1,000,000 $330,000 $670,000
2014 $18,229 $1,000,000 $330,000 $670,000
Source: Public Records

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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 641855

Northern Kentucky Multiple Listing Service

APN: 054-14-18-001.00

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