NOT LISTED FOR SALE

427 Russell St Covington, KY 41011

Downtown Covington Neighborhood
6 Beds
5.5 Baths
4,140 Sq Ft
3,382 Sq Ft Lot

Last Sold July 10, 2023

Last sale price $862,500 $208 Per Sq Ft

11 Days on Market

Highlights

  • Skyline View
  • Property is near public transit
  • Corner Lot
  • Open Floorplan
  • 4 Fireplaces
  • Granite Countertops

About This Home

As of July 2023

A coveted central location, steps from Covington's ''newest neighborhood'' at the former IRS site where 23 acres will be breaking ground soon. Perfectly maintained, high quality, 4-unit apartment building spanning 4 lots with 8 parking spaces. Two (2) bedroom units and Two (1) bedroom units. Each unit is appointed with granite surfaces, original hardwood floors, LED lighting and dedicated outdoor spaces. All units have separate furnace and central air-conditioning plus in-unit laundry. Gas & Electric are separately metered. Basement offers storage areas or a workshop. A private courtyard is tucked away behind the building for community space. This opportunity generates solid, consistent income and is poised to do so well into the future. Also a candidate for a condo conversion. Walkable from Mainstrasse, Downtown Covington and Cincinnati.

Last Agent to Sell the Property

Rebecca Weber

Comey & Shepherd REALTORS License #202929 Listed on: 06/13/2023

Comey & Shepherd REALTORS

Last Buyer's Agent

Kevin Grosskoph

Comey & Shepherd, Inc. License #284671

Comey & Shepherd, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,382 Sq Ft Lot
  • Wrought Iron Fence
  • Aluminum or Metal Fence
  • Corner Lot
  • Private Yard

Property Views

  • Skyline
  • Neighborhood

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 4,140 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Chandelier
  • Track Lighting
  • 4 Fireplaces
  • Non-Functioning Fireplace
  • Brick Fireplace
  • Double Hung Windows
  • Wood Frame Window
  • Aluminum Window Frames
  • Entrance Foyer
  • Storage
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Home Security

  • Storm Windows
  • Fire and Smoke Detector
  • Fire Escape

Parking

  • 8 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Property is near public transit

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Pellet Stove burns compressed wood to generate heat
  • Furnace
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas, heat
  • The owner pays for sewer, water
  • Assessor Parcel Number 054-21-08-014.00

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $4,062
  • Other Expense $1,523
  • Water Sewer Expense $2,274
  • Gross Income $91,020

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Cooling: Multi Units, Central Air
  • Property Condition: Existing Structure
  • Property Sub Type: Multi Family
  • Owner Pays: Sewer, Water
  • Lot Size Acres: 0.08
  • Lot Size: irreg
  • Directions: Directions: 5th St exit in Covington to L on Russell L in parking lot, corner of 5th and Russell
  • New Construction: No
  • Structure Type: Apartment, Quadruplex
  • Location Tax Legal Info:New Construction: No
  • Location Tax Legal Info:Elementary School: John G. Carlisle 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:Half Baths: 1
  • General Property Description:Basement YN2: Yes
  • General Property Description:Fireplace YN: Yes
  • General Property Description:Lot Size Dimensions: irreg
  • Appliances Microwave: Yes
  • Cooling:Central Air: Yes
  • Parking Features Parking Total: 8
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Natural Gas Available: Yes
  • Utilities Electric Company: Duke Energy
  • Utilities Gas Company: Duke Energy
  • Water Company: NKY Water
  • Water Source:Public: Yes
  • General Property Description:Lot Size Acres: 0.0776
  • General Property Description:Living Area: 4140.0
  • General Property Description:Lot Size Square Feet: 3382.0
  • Security Features:Smoke Detector(s): Yes
  • Location Tax Legal Info:Tax ID: 054-21-08-014.00
  • Appliances Refrigerators: Yes
  • General Property Description:Fireplaces Total: 4
  • Appliances Dryer: Yes
  • Washers: Yes
  • Foundation:Stone3: 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
  • Structure Type:Apartment: Yes
  • General Property Description:Number Of Units Total: 4
  • Fencing:Metal4: Yes
  • Cooling:Multi Units: Yes
  • View:Skyline: Yes
  • Levels:Three Or More2: Yes
  • Fencing:Wrought Iron: Yes
  • Structure Type:Quadruplex: Yes
  • Financial Info:Other Expense: 1523.0
  • Financial Info:Water Sewer Expense: 2274.0
  • Security Features:Fire Escape2: Yes
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Storage, Track Lighting, Pantry, Open Floorplan, Kitchen Island, Granite Counters, Entrance Foyer, Eat-in Kitchen, Chandelier, Breakfast Bar
  • Heating: Natural Gas, Forced Air
  • Levels: Three Or More
  • Property Type: MultiFamily
  • Tenant Pays: Electricity, Gas, Heat
  • Number Of Buildings: 1
  • Appliances: Washer/Dryer Stacked, Electric Range, Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Pellet Stove, Brick, Inoperable
  • Fireplaces: 4
  • Fireplace: Yes
  • Living Area: 4140.0
  • Window Features: Aluminum Clad Window(s), Aluminum Frames, Double Hung, Storm Window(s), Wood Frames
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Stainless Steel Appliance(s): Yes
  • Interior Features:Entrance Foyer2: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Kitchen Island2: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Pantry2: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen2: Yes
  • Fireplace Features:Inoperable: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Fireplace Features:Brick3: Yes
  • Interior Features:Breakfast Bar2: Yes
  • Interior Features:Chandelier2: Yes
  • Interior Features:Track Lighting: Yes
  • Laundry Features:In Unit: Yes
  • Fireplace Features:Pellet Stove: Yes
  • Interior Features:Storage11: Yes

Exterior Features

  • View: City, Neighborhood, Skyline
  • Fencing: Wrought Iron, Metal
  • Roof: Shingle
  • Lot Features: Corner Lot, Near Public Transit
  • View: Yes
  • Construction Type: HardiPlank Type, Brick
  • Exterior Features: Fenced, Private Yard, Balcony, Lighting
  • Foundation Details: Stone
  • Patio And Porch Features: Covered, Patio, Porch
  • Construction Materials:Brick2: Yes
  • Construction Materials:HardiPlank Type: Yes
  • Lot Features:Corner Lot: Yes
  • Patio and Porch Features:Covered: Yes
  • Patio and Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Double Hung: Yes
  • Exterior Features:Fenced: Yes
  • Exterior Features:Private Yard: Yes
  • Exterior Features:Lighting: Yes
  • Window Features:Aluminum Clad Window(s): Yes
  • Window Features:Wood Frames: Yes
  • Window Features:Aluminum Frames: Yes
  • Exterior Features:Balcony: Yes
  • Window Features:Storm Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Off Street
  • Total Parking Spaces: 8.0
  • Parking Features:Off Street2: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: In Unit
  • Security: Smoke Detector(s), Fire Escape
  • 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

Fee Information

  • Annual Water Sewer Expense: 2274.0

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: 3382.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 91020.0
  • Other Expense: 1523.0
  • Number Of Units Total: 4
  • Insurance Expense: 4062.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2023 07/10/23 Sold $862,500 -13.3% $208 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $995,000 -- $240 / Sq Ft
Source: Northern Kentucky Multiple Listing Service

Agents Affiliated with this Home

  • Rebecca Weber

    Seller's Agent in 2023

    Rebecca Weber

    Comey & Shepherd REALTORS

    (513) 676-1432

    48 in this area

    194 Total Sales

    Rebecca Weber
    Section Image
  • Kevin Grosskoph

    Buyer's Agent in 2023

    Kevin Grosskoph

    Comey & Shepherd, Inc.

    (513) 518-4341

    1 in this area

    31 Total Sales

    Kevin Grosskoph
    Section Image
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Map

Source: Northern Kentucky Multiple Listing Service

MLS Number: 614422

Northern Kentucky Multiple Listing Service

APN: 054-21-08-015.00

Kentucky Kenton County Covington 41011 Downtown Covington

427 Russell St, Covington, KY

Not Listed for Sale

MultiFamily

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.

Northern Kentucky Multiple Listing Service 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.

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