661 W Pike St Covington, KY 41011
Lewisburg NeighborhoodEstimated payment $2,941/month
Highlights
- Property is near public transit
- Wood Frame Window
- Walk-In Closet
- Corner Lot
- Fireplace
- Storage
About This Home
Prime Covington 5-unit investment property just minutes from MainStrasse and downtown Cincinnati. Desirable unit mix includes two 2BR units, two 1BR unit, and one spacious 3BR unit. Updated interiors, strong rental demand, brick construction, and excellent income potential. Ideal opportunity for investors seeking cash flow and long-term appreciation in Northern Kentucky.Excellent opportunity to acquire a turnkey 5-unit multifamily property in the heart of Covington, just minutes from MainStrasse Village, downtown Cincinnati, dining, entertainment, and major employment centers. This well-maintained brick building offers an attractive unit mix Many units have been updated, helping minimize future capital expenses and maximize rental appeal. Tenants pay electric, while owner covers water and trash. Strong rental demand, value-add potential through future rent growth, and a prime urban location make this a great addition to any investment portfolio. Don't miss the chance to own a cash-flowing multifamily asset in one of Northern Kentucky's most sought-after rental markets. Note one ofv the 1 BD has additional 10x11 room may be used for additional BD but does not have egress.Unit 1-3BD rent for $900, Unit 2- 2BD rent for $800, Unit 3- 1 BD rent for $900,Unit 4 -2 BD rent for $800 and Unit 5- 1 BD rent for $850
Property Details
Home Type
- Apartment
Year Built
- Built in 1890
Lot Details
- 3,066 Sq Ft Lot
- Lot Dimensions are 70x42
- Corner Lot
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
- Metal Roof
Interior Spaces
- 5,646 Sq Ft Home
- Fireplace
- Wood Frame Window
- Aluminum Window Frames
- Storage
- Basement Fills Entire Space Under The House
- Electric Range
Bedrooms and Bathrooms
- 8 Bedrooms
- Walk-In Closet
- 3 Full Bathrooms
Home Security
- Fire and Smoke Detector
- Fire Escape
Location
- Property is near public transit
Schools
- John G. Carlisle Elementary School
- Holmes Middle School
- Holmes Senior High School
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Furnace
- Baseboard Heating
- Separate Meters
Community Details
- 5 Units
Listing and Financial Details
- The owner pays for water, 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 | $4,969 | $375,000 | $15,000 | $360,000 |
| 2024 | $4,931 | $375,000 | $15,000 | $360,000 |
| 2023 | $3,110 | $233,500 | $15,000 | $218,500 |
| 2022 | $2,929 | $200,000 | $15,000 | $185,000 |
| 2021 | $2,956 | $175,000 | $10,500 | $164,500 |
| 2020 | $2,943 | $175,000 | $10,500 | $164,500 |
| 2019 | $2,973 | $175,000 | $10,500 | $164,500 |
| 2018 | $1,451 | $70,000 | $10,500 | $59,500 |
| 2017 | $1,467 | $70,000 | $15,000 | $55,000 |
| 2015 | $1,366 | $70,000 | $15,000 | $55,000 |
| 2014 | $1,750 | $90,000 | $15,000 | $75,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 07/03/2026 07/03/26 | Price Changed | $465,000 | +9.4% | $82 / Sq Ft | |
| 06/12/2026 06/12/26 | For Sale | $425,000 | +13.3% | $75 / Sq Ft | |
| 06/01/2023 06/01/23 | Sold | $375,000 | -5.1% | $66 / Sq Ft | View Prior Sale |
| 05/18/2023 05/18/23 | Pending | -- | -- | -- | |
| 05/08/2023 05/08/23 | For Sale | $395,000 | -- | $70 / 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 |
|---|---|---|---|
| Warranty Deed | $375,000 | 360 American Title | |
| Deed | $175,000 | None Available | |
| Warranty Deed | $45,000 | High Point Title Agency Llc |
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 |
|---|---|---|---|
| Previous Owner | $318,750 | Commercial | |
| Previous Owner | $175,000 | Commercial | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Northern Kentucky Multiple Listing Service
MLS Number: 644298
APN: 040-44-08-001.00
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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