501 Johnson St Covington, KY 41011
Downtown Covington NeighborhoodEstimated payment $4,033/month
Highlights
- 3 Fireplaces
- Forced Air Heating and Cooling System
- 2-minute walk to George Steinford Park
- Stainless Steel Appliances
- Stacked Washer and Dryer
About This Home
Exceptional renovated triplex in the heart of Covington, KY—just steps from Cincinnati and Main Strasse Village. Zoned mixed use, this offering includes the adjacent vacant lot, creating a rare opportunity for expansion, additional parking, or future development (buyer to verify). Located one block from the highly anticipated Covington Central Riverfront redevelopment, the property is positioned near future restaurants, retail, housing, and office space, offering strong long-term appreciation potential. Originally built in 1860, this historic property seamlessly blends timeless character with modern updates throughout. The building features three well-appointed units: two 1-bedroom, 1-bath units and one 1-bedroom, 1.5-bath unit, an ideal configuration for tenants, investors, or owner-occupants. Each unit has been thoughtfully renovated to meet today's standards while preserving the charm of the era. The walkable location provides easy access to downtown Covington, Main Strasse Village, Cincinnati's Central Business District, dining, entertainment, and riverfront amenities. Whether you're an investor seeking a turnkey multifamily in a high-growth area or an owner-occupant looking for flexibility and future development potential, this property delivers history, location, income potential, and additional land in one of Northern Kentucky's most desirable urban corridors.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1860
Lot Details
- 2,250 Sq Ft Lot
- Lot Dimensions are 25 x 90
Home Design
- Triplex
- Brick Exterior Construction
- Stone Foundation
- Membrane Roofing
Interior Spaces
- 3,186 Sq Ft Home
- 3 Fireplaces
- Non-Functioning Fireplace
- Vinyl Clad Windows
- Basement Fills Entire Space Under The House
- Stacked Washer and Dryer
Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 3 Bedrooms
Parking
- No Garage
- On-Street Parking
- Off-Street Parking
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- 3 Units
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,300 | $400,000 | $25,000 | $375,000 |
| 2024 | $5,260 | $400,000 | $25,000 | $375,000 |
| 2023 | $5,328 | $400,000 | $25,000 | $375,000 |
| 2022 | $5,253 | $400,000 | $25,000 | $375,000 |
| 2021 | $6,055 | $400,000 | $25,000 | $375,000 |
| 2020 | $6,024 | $400,000 | $25,000 | $375,000 |
| 2019 | $1,288 | $80,600 | $5,000 | $75,600 |
| 2018 | $1,314 | $80,600 | $5,000 | $75,600 |
| 2017 | $1,332 | $80,600 | $5,000 | $75,600 |
| 2015 | $1,555 | $55,100 | $5,000 | $50,100 |
| 2014 | $2,389 | $103,000 | $5,000 | $98,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $690,000 | -- | $217 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $80,600 | Attorney | |
| Warranty Deed | $66,262 | Attorney | |
| Special Warranty Deed | $55,100 | Servicelink Llc | |
| Commissioners Deed | $68,251 | None Available | |
| Warranty Deed | $103,000 | -- | |
| Deed | $37,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $72,100 | Purchase Money Mortgage | |
| Previous Owner | $35,000 | Commercial |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 639499
APN: 054-21-02-003.00
- 328 W 6th St
- 130 W 4th St
- 128 W 4th St
- 126 W 4th St
- 124 W 4th St
- 138 W Pike St
- 346 W 9th St
- 100 W Rivercenter Blvd Unit PH3B
- 515 W 9th St
- 1025 Banklick St
- 1 Roebling Way Unit 805
- 1 Roebling Way Unit 304
- 1 Roebling Way Unit 406
- 1 Roebling Way Unit 504
- 1 Roebling Way Unit 301
- 1 Roebling Way Unit 906
- 1 Roebling Way Unit 602
- 1 Roebling Way Unit 804
- 652 Western Ave
- 848 Western Ave Unit Lot 2
- 515 Main St
- 212 W 6th St Unit 2
- 437 W 6th St
- 631 Bakewell St Unit 631 Bakewell Apt #1
- 650 W 3rd St
- 726 Madison Ave Unit 2
- 408 Scott St
- 525 Greenup St
- 1012 Jackson St
- 805 Scott St Unit 1
- 1046 Banklick St Unit 2
- 822 Scott St Unit 822
- 1122 Holman Ave
- 205 Western Ave Unit 1
- 225 Riverside Dr Unit 1
- 230 E 10th St
- 1320 Banklick St
- 1320 Banklick St
- 1235 Scott St
- 44 W Freedom Way