Covington KY Multi-Family Real Estate, Homes for Sale

121 E Martin Luther King Jr. Boulevard, Covington

Fully renovated, fully furnished duplex PLUS a second attached lot -- currently earning $48,700/year as a proven mid-term Airbnb and furnished rental, steps from downtown Covington and one mile from downtown Cincinnati. Live in one unit while the other pays your mortgage, or step into a turnkey rental business on day one. Potential for additional income with short term dynamic pricing strategy. Renovated top to bottom in 2024 (~$120K scope): new kitchens with granite counters, custom cabinets, and stainless appliances; fully rebuilt bathrooms; luxury vinyl plank throughout; new lighting, ceiling fans, and A/C condensers; updated electrical and plumbing; fresh paint inside and out; new fencing and landscaping. Two spacious units -- a 2BR/1BA (~1,033 sq ft) and a 3BR/1BA (~1,103 sq ft), 2,136 sq ft total -- each with in-unit laundry and dishwasher, and utilities separately metered by unit, giving the next owner full flexibility on lease structure. All furniture to convey with sale. Both units run as active Airbnbs with 4.8+ star ratings, and the seller offers a co-host transition so you inherit live listings and reviews -- no starting from zero. Current occupancy works in the buyer's favor: Unit 1 is leased through December 2026 (income in place at closing) and Unit 2 is available at the end of July -- move in yourself or set your own rents immediately. The property sits on a surveyed, consolidated double parcel totaling 4,450 sq ft (44.5' x 100'). Can be subdivided and sold to a developer, finished to add off-street parking, patio, or additional outdoor space for guests. Walk Score 78. Steps to Covington's restaurants, minutes to Main Strasse Village, one bridge to downtown Cincinnati jobs, 15 minutes to CVG. The tenant has been parking on the gravel to the side of the building but that's not an approved parking spot with the city.

121 E Martin Luther King Jr. Boulevard, Covington

$274,900

647611 MLS

Great opportunity for the Owner-Occupant or Investor! 3-Story Duplex with Modern Updates in West Covington near Ludlow and Devou Park, 1.3 mile to Main Strasse dinning! 2+miles to Downtown Cincinnati Reds stadium. Studio Apartment on Level One with access to the basement Laundry Room! 2-Story Apartment on Levels 2-3 with three bedrooms, a study, laundry, and a private patio area. Shows great! Unique mixed use opportunity, but currently being used as a duplex. Schedule your private showing today! Some photos (patio) have been photoshopped by AI.

1303 Highway Avenue, Covington

$380,000

2 Beds ⋅ 2 Baths ⋅ 647601 MLS

Beautifully renovated historic brick duplex just minutes from the former IRS site, now the rapidly advancing Covington Central Riverfront development. This generational project is transforming 23 acres into a vibrant mixed-use riverfront neighborhood with new homes, apartments, retail, parks, and public spaces--positioning this property for strong long-term appreciation. The building underwent an extensive full gut renovation with new plumbing, wiring, insulation, windows, and HVAC throughout. Both units feature brand-new LVP floors, white shaker cabinets, dark countertops, stainless appliances, updated bathrooms with gray tile showers, recessed lighting, ceiling fans, and laundry hookups. Exposed brick accents add character throughout. Ideal for house-hacking or investment: live in one unit while the other generates rental income. Close to Mainstrasse, downtown Cincinnati, and major highways. Historic charm meets move-in-ready modern living in one of Covington's most exciting growth corridors.

218 W 5th Street, Covington

$625,000

647511 MLS

Investor opportunity in the heart of Covington! This fully occupied 5-unit historic multifamily at 634 Greenup Street delivers approximately $70,000 in annual gross rents with leases in place. Located in a walkable Downtown Covington neighborhood just minutes from downtown Cincinnati, the building sits near dining, coffee shops, arts venues, and urban amenities that support strong tenant demand. The striking Victorian exterior features a distinctive conical turret, restored siding, brick lower level, and original architectural details. Inside, the five one-bedroom units showcase classic character with hardwood floors, original woodwork and doors, stained-glass transoms and windows, and high ceilings in many rooms. Kitchens include wood cabinetry and functional layouts; bathrooms retain period tile work alongside practical updates. Recent building improvements include a 2019 boiler, 2024 water heater, and 2021 exterior restoration. Electric is separately metered (tenant pays); owner covers water and heat. With consistent occupancy, solid location fundamentals, and the lasting appeal of a well-located historic building, this property presents a turnkey income opportunity with potential for future rent growth. Financials available upon request. 24-hour notice required for showings.

634 Greenup Street, Covington

$320,000

5 Beds ⋅ 2 Baths ⋅ 647478 MLS

Welcome to this updated multi-family property in the heart of Covington, Kentucky, where modern upgrades meet a proven house-hack opportunity. Live in the vacant, move-in-ready 3-bedroom, 1-bath upper unit--complete with a refreshed kitchen, LVP flooring, fresh finishes, and in-unit laundry hookups--while long-term tenants in the lower 2-bedroom, 1-bath unit help offset your mortgage from day one. Recent building improvements include a new roof, HVAC, windows, and siding, so you can focus on enjoying the space instead of immediate repairs. Location is everything. Just minutes from MainStrasse Village's shops, restaurants, and the scenic Covington Riverwalk with Cincinnati skyline views, and with easy highway access to downtown Cincinnati and Northern Kentucky. With strong rental demand and a neighborhood that continues to grow in desirability, this property checks the boxes for both owner-occupants and investors. Live smart. Build equity. Own a piece of Covington. Schedule your showing today.

224 E Robbins Street, Covington

$410,000

4 Beds ⋅ 4 Baths ⋅ 647421 MLS

Excellent investment opportunity in the heart of Park Hills! This multifamily duplex at 1034 & 1036 Amsterdam Road offers a great opportunity for investors looking to expand their rental portfolio or owner-occupants seeking the benefits of multifamily living. Conveniently located just minutes from downtown Cincinnati, Covington, Devou Park, shopping, dining, and major highways. Enjoy the charm of the Park Hills community while benefiting from easy access to everything Northern Kentucky and Greater Cincinnati have to offer. Whether you're looking to generate rental income or invest in a property with long-term potential, this duplex is an opportunity you won't want to miss!

1034-1036 Amsterdam Road, Covington

$255,000

4 Beds ⋅ 4 Baths ⋅ 647378 MLS

5-plex for sale in Covington's Austinburg neighborhood. Selling as-is, mid-renovation. Building consists of one 2-BR, one Efficiency and three 1-BR units.

1615 Maryland Avenue, Covington

$240,000

3 Beds ⋅ 2 Baths ⋅ 647344 MLS

Solid Duplex, fully rented and ready for its new owner. Both kitchens have been updated, first floor is a 2 bedroom, 1 bath and second floor is a large one bedroom, one bath. Both units are rented, Unit 1 thru December, Unit 2 thru Oct 27. Total incoming rent $2,300 per month. Property is being sold As Is.

1318 Holman Avenue, Covington

$149,900

3 Beds ⋅ 2 Baths ⋅ 647326 MLS

Calling all investors! 3108 Roger Street is a value-add opportunity packed with potential. Whether your vision is to renovate and resell, hold as a rental, or explore the possibility of converting the property into a duplex, there are multiple ways to maximize this investment. The third floor offers additional untapped space with endless possibilities for expanding the usable footprint. Bring your contractor, your vision, and your numbers--this property is ready for its next chapter and offers plenty of opportunity to build equity and create long-term value. Property will not go FHA.

3108 Rogers Street, Covington

$225,000

5 Beds ⋅ 2 Baths ⋅ 647095 MLS

VALUE-ADD historic duplex with serious upside in Covington! Located just off I-75, near Devou Park and Maintrasse. Unit 1 is a spacious 2-bedroom, 1-bath unit featuring historic trim, large room sizes, with a front and back porch with access to the private backyard. Unit 2 is massive, currently offering 3 large bedrooms and 1 full bath with an abundance of additional space and flexibility. The layout provides plenty of potential to add a second bathroom, additional living space, a 4th bedroom--or a combination that could significantly increase the unit's functionality and rental potential. Much of the important infrastructure is already in place with two separate HVAC systems as well as separately metered gas and electric. 3 year old water heater. Whether you're looking to renovate and hold, house hack, or reposition the property to maximize rental income, this duplex offers the space and potential to create substantial value.

730 Lewis Street, Covington

$218,750

2 Beds ⋅ 647078 MLS

This home was sold when submitted to the Northern Kentucky MLS.

2006 Mackoy Street, Covington

$380,000

8 Beds ⋅ 4 Baths ⋅ 647030 MLS

Rare 4-Family Investment Opportunity in Covington! This well-maintained 4-unit property offers a strong combination of existing rental income, recent improvements, and significant upside. Each unit features 2 bedrooms and 1 full bath. One unit has been completely updated and is currently vacant, making it ideal for an owner-occupant or ready to rent for $1,250+ per month. A second unit was rehabbed just a few years ago, remains in great condition, and is currently rented for $900/month. The third unit has a long-term tenant of 15+ years paying $600/month, providing stable rental history. The fourth unit is vacant, has been cleaned out, and is ready for the next investor to complete the rehab and bring it to market rent. All four units have approximately 1-year-old central air units. The property has been well cared for and is in overall great condition. Tenants pay their own electric, helping keep landlord operating expenses down. This property has the potential to generate approximately $5,000+ per month in gross rental income, or $60,000+ annually, depending on final rents and lease terms. Great opportunity for an investor looking to add a cash-flowing multifamily property with additional rental upside, or an owner-occupant looking to live in one unit while generating income from the other three.

101 E 43rd Street, Covington

$344,900

5 Beds ⋅ 3 Baths ⋅ 646952 MLS

INVESTMENT OPPORTUNITY WITH FLEXIBILITY! This move-in-ready Covington duplex offers an excellent opportunity for an investor, owner-occupant, or anyone looking to add a versatile property to their portfolio. The first-floor unit features 2 bedrooms, while the spacious second/third-floor unit offers 3 bedrooms, providing multiple options for maximizing the property's income potential. Both units feature separate utilities and washer/dryer hookups, making ownership and tenant management convenient. The kitchens include appliances, and all bathrooms have been recently updated, allowing you to focus on generating income rather than taking on a major renovation project. Enjoy the added convenience of generous off-street parking in the rear, a valuable feature for both tenants and owners. Live in one unit while renting the other, rent both units, or make this property your next long-term investment.

209 Byrd Street, Covington

$175,000

646917 MLS

Welcome to this fantastic investment opportunity in the heart of Covington! With each unit offering 1 bedroom and 1 bathroom, this property could be a great point of entry into the investing world! Could use some TLC but is currently income producing! Schedule your tour today!

4509 Decoursey Avenue, Covington

$295,000

646541 MLS

This well maintained 4 Unit Multifamily home has been a blessing for many decades to its current owners and is now ready for its next Owner(s). New roof, new sidings, fresh paint and more.! Unit 1: 3 bed, 1 bath, kitchen and living room. Unit 2: Efficiency 1 bed, 1 bath + Kitchen. Unit 3: 3 bed, 1 bath, kitchen and living room. Unit 4: 2 bed, 1 bath, kitchen and living room. Each unit has separate utilities and tenants are responsible for covering those costs. Water heaters and furnaces were replaced in 2025. 3/4 of the units are currently leased with long time tenants but understand that their leases are at the discretion of the new Owner(s).

3605 Glenn Avenue, Covington

$775,000

4 Beds ⋅ 3 Baths ⋅ 646455 MLS

This fully leased historic mixed-use building offers the perfect combination of charm, income, and location. The property is a great opportunity for commercial investors. From W. Pike St., the 2,500+ sq ft. main level features two storefront entrances. From Russell St., residential tenants enjoy two private parking garages and the entrance to their 2nd-level condo with over 2,500 sq ft of living space, including four bedrooms and three full baths. From either street, you're just steps away from Covington's main attractions including Hotel Covington, Braxton Brewery, and Mainstresse Village! This beautiful historic Covington building has been previously approved for short term rental license (Airbnb, VRBO, etc.) and receives great foot traffic and visibility with over 7,500 cars passing by each day! A great investment opportunity awaits at this low-maintenance, cash-flowing property. All listing information to be verified by Buyer.

138 W Pike Street, Covington

$525,000

646355 MLS

Live in one, lease out the other. or lease both! Located in Covington's Mainstrasse corridor, this stunningly rehabbed two-family is ready for a new investor or owner occupant. The first floor unit has 1 bedroom/1 bath. Unit 2 has 2 bedrooms/2 baths. Each unit features gleaming hardwood floors and beautiful kitchens, updated baths. Each unit has its own washer/dryer in a shared space. Both units have a shared backyard space, large rear patio to entertain and grill out. Unit one has a large front porch to sit and relax. Walk to Cock & Bull or Zazou Restaurants, or walk the bridge to Cincinnati and Bengals games.

834-36 Bakewell Street, Covington

$515,000

4 Beds ⋅ 3 Baths ⋅ 646345 MLS

Beautifully updated brick duplex offering a wonderful piece of Covington history in the heart of the sought-after Licking Riverside Historic District. Carefully maintained and owner-occupied for years, this unique property features two updated 2-bedroom units, each with a private entrance and separated by two locked doors. Live in one and have the other help offset the mortgage, live in both, or add a distinctive property to your investment portfolio. Historic character and contemporary conveniences blend throughout, with 11' ceilings, encased windows, transom windows, solid 4-panel doors, hardwood and engineered hardwood flooring, stained-glass details and beautiful architectural features. The 3-story front unit features an impressive side entry with transom window and stained-glass detail. The main level features a spacious living room with hardwood floors, striking arched windows, crown molding and a decorative fireplace, along with the kitchen, stackable washer/dryer and half bath. The second floor includes a bedroom and full bath, while the third floor provides another spacious bedroom. The 2-story rear unit offers a more contemporary feel, with engineered hardwood flooring and a beautifully updated kitchen featuring sleek black cabinetry, backlit glass cabinets, tin backsplash and built-in appliances, including an electric cooktop and convection oven. The cozy living area features dramatic floor-to-ceiling built-in bookshelves. Upstairs are two bedrooms, including one with a balcony and another with a Murphy bed, plus a full bath. Both units have new HVAC systems. Enjoy a rear deck, lush gardens and two designated off-street parking spaces. Just blocks from the Covington Central Riverfront development and within easy walking distance of dining, shops, parks, Mainstrasse Village and downtown Cincinnati. A truly special property offering historic charm, modern updates and the vibrant community feel that makes the Riverside so desirable.

210 E 5th Street, Covington

$100,000

4 Beds ⋅ 2 Baths ⋅ 646320 MLS

Investor opportunity in Covington's historic Austinburg neighborhood! This tenant-occupied duplex offers immediate income potential in a location that continues to benefit from neighborhood improvements and convenient connectivity. The lower unit is 1 bedroom, 1 bath while the upper unit has 3 bedrooms and 1 full bath. Situated just 2 blocks from the Licking River Greenway & Trails and the recently revitalized Austinburg Neighborhood Park featuring an FC Cincinnati mini-pitch and dog park, the property is ideally positioned near Downtown Covington, Newport, Cincinnati, and major commuter routes. A great opportunity to add a well-located multifamily property to your portfolio.

1552 Eastern Avenue, Covington

$155,000

7 Beds ⋅ 3 Baths ⋅ 646319 MLS

Rare opportunity to acquire a fully occupied triplex in the heart of Covington's Lewisburg neighborhood. The property consists of two units in the main structure and a separate detached cottage, providing three income-producing units on a single parcel. The cottage as 1 bedroom and 1 full bathroom. The 1st floor unit is 2 bedrooms with 1 full bathroom. The upstairs unit has 4 bedrooms with 1 full bathroom. Long-term tenants are in place, all on month-to-month leases, creating an attractive balance of immediate rental income and future strategic flexibility. Ideally situated just moments from I-75, Downtown Covington, MainStrasse Village, Cincinnati's urban core, and Devou Park, this location continues to benefit from strong regional connectivity and proximity to popular dining, entertainment, recreation, and employment centers. A valuable addition to any investment portfolio.

627 W 11th Street, Covington

$169,000

645877 MLS

Wonderful opportunity to purchase a multi-family in Covington, near downtown Cincinnati! Unit #1 offers 1 bedroom, 1 full bath as well as a large dining area. Unit #2 offers 3 bedrooms as well as 1 full bathroom. Schedule your showing today!

1720 Greenup Street, Covington

1222-1224 E Henry Clay Avenue, Covington

$267,000

6 Beds ⋅ 4 Baths ⋅ 645795 MLS

Looking for an investment opportunity? Want to build your portfolio? Now you can with this duplex located in Fort Wright! Each unit has 3 bedrooms and 1.5 bathrooms. The laundry hookup is located in the half bath on first floor. Eat in kitchen! Unit 1224 is in the process of being cleaned and painted. Trim being laid throughout living room. 2 parking spots for each unit out front. NEW HVAC for unit 1224 in April 2026. Tenant responsible for utilities. Convenient to the interstate and dining/shopping. 1222 is currently occupied through 06/30/2027 at $1548/mo. Unit 1224 is vacant and can be shown freely. Will have to coordinate directly to view 1222. Separate water/electric/gas/HVAC. Tenant responsible for all utilities, Carpet will need replaced in 1224 - seller open to professionally cleaning it prior to closing, upon buyer request.

1222-1224 E Henry Clay Avenue, Covington

$470,000

3 Beds ⋅ 3 Baths ⋅ 645507 MLS

Fabulous 2-family on one of the most picturesque, historic streets around. Close to EVERYTHING. Dining, bars, shops, parks, Mainstrasse, Madison Mile, downtown, stadiums and more. Live in one and let the other unit make you $$$. Gorgeous hardwood floors, off-street parking, 2-bed unit has en suites in both bed rooms & most of all, LOCATION. This one is a real ''must see'' if you're looking for the ultimate in urban living and the potential for income.

832 Willard Street, Covington

$169,000

3 Beds ⋅ 2 Baths ⋅ 645230 MLS

Looking for your next investment opportunity? This fully upgraded multi-family property in the heart of Covington, KY is close to everything and offers approximately 2,000 sqft of living space with endless potential. Whether you're an investor or a buyer looking to bring your vision to life, this property is ready for it's next chapter.

2045 Garrard Street, Covington

$445,000

6 Beds ⋅ 6 Baths ⋅ 644719 MLS

Rare opportunity to own a townhome-style, side-by-side duplex built in 1996--newer than many Northern Kentucky multi-family properties--with private decks overlooking Holmes High School's brand-new softball stadium! Perfect for owner-occupants looking to offset their mortgage with rental income or investors seeking a well-maintained property with long-term upside. Each spacious 3-story unit offers approximately 1,568 sq. ft., 3 bedrooms, 2 full baths, 1 half bath, a gas fireplace, attached 2-car garage, private entrances, private deck, in-unit laundry, separately metered gas, electric & water, and separate HVAC systems. Additional driveway and street parking provide added convenience. Built with a low-maintenance brick and vinyl exterior, this meticulously maintained property features major updates including roof (2019), HVAC systems (2019), R-60 attic insulation, newer appliances (approx. 2-3 years), and carpet (approx. 2 years). One unit is vacant and move-in ready, while the occupied unit has been leased to an excellent long-term tenant for approximately six years. Current rent is intentionally below today's market, creating an outstanding opportunity for future income growth. Enjoy your morning coffee overlooking the ballfield, then spend your evenings taking in spectacular views of Cincinnati's annual WEBN Fireworks from your private deck. Properties offering this combination of size, condition, flexibility, location, and unforgettable views rarely become available. No HOA! Conveniently located just minutes from Downtown Cincinnati, Covington, Newport, shopping, dining, entertainment, and major interstates. Don't miss this exceptional opportunity!

2041 Franklin Street, Covington

$465,000

8 Beds ⋅ 3 Baths ⋅ 644298 MLS

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

661 W Pike Street, Covington

$265,000

2 Beds ⋅ 1 Baths ⋅ 644091 MLS

Desirable Fort Wright location for this easy to rent two family with built in cash flow. Two - 2 bedroom units with rear entry garage and a manageable back yard. These apartments feature hardwood floors, appliances and additional storage in the basement. Seconds from interstate access and solid rental history. All utilities are separated except water/sanitation.

210 Kyles Lane, Covington

$225,000

643919 MLS

Welcome to this solid brick duplex located at 322 E17th street in the heart of Covington. Whether you are looking to expand your investment portfolio or take advantage of an owner occupant opportunity, this property offers flexibility and upside potential. One unit is currently occupied with a new tenant ,providing immediate rental income. The lower unit has been cleared out and is ready for renovations, giving the next owner the chance to add value and increase cash flow through improvements and customization. Ideally situated just minutes from vibrant Mainstrasse , downtown Covington and downtown Cincinnati. This property offers convenient access to restaurants, entertainment, shopping and major employers. Don't miss your chance to own this property with income potential, value-add opportunities and a prime location in the Northern Kentucky market

322 E 17th Street, Covington

$487,500

643743 MLS

Investors and owner-occupants, this is the one you circle twice. A fully-loaded triplex sitting in the sweet spot of Covington -- steps from the viral 513 Coffee, right on the edge of the beloved MainStrasse Village, and within easy walking distance of everything that makes this city one of the most exciting addresses in the greater Cincinnati region. Three income-producing units means maximum flexibility. Live in one, rent the other two, or lease all three and let Covington's red-hot rental market do the heavy lifting. With strong tenant demand and a neighborhood that draws visitors, young professionals, and long-term residents alike, vacancy is the least of your worries here. Inside, the character runs deep -- the kind of historic bones that simply don't get built anymore. Outside, a rare private backyard offers tenants (or yourself) a true outdoor retreat in the heart of the city. Grill out, unwind, entertain -- this kind of outdoor space at a Covington address is a genuine differentiator and a tenant magnet. Location needs no overselling. Walk to MainStrasse's acclaimed restaurants, bars, and boutiques. Grab your morning cup at 513 Coffee -- one of the most talked-about coffee spots in the tri-state. And when the workday calls, highway access is minutes away for a stress-free commute anywhere in Greater Cincinnati or Northern Kentucky. Set up a showing today!

325 W 9th Street, Covington

$285,000

643639 MLS

Completely renovated duplex with off street parking and large lot. 2/1 upstairs and 2/1 down with a shared basement. Each unit is rented for 1425 a month with about 10 months left on each lease.

1907 Howell Street, Covington

$600,000

4 Beds ⋅ 2 Baths ⋅ 643631 MLS

Incredible opportunity in the heart of MainStrasse Village! This mixed use brick building offers the perfect combination of historic charm, modern updates, and an unbeatable location. The property features two storefronts fronting Main Street, offering excellent visibility and abundant natural light through large display windows. A full, usable basement with walkout access provides valuable storage and operational space. Above, you'll find two residential units. The spacious second floor apartment has been beautifully updated and features two bedrooms, a renovated kitchen with stainless steel appliances, granite countertops, and a dedicated in-unit laundry room. The third floor offers an additional two bedroom apartment with long-term tenant, creating multiple income streams and flexibility for investors or owner occupants. Rare for MainStrasse, the property includes a beautiful private courtyard and four off street parking spaces, amenities that significantly enhance both residential and commercial appeal. Located in the center of one of Northern Kentucky's most vibrant districts, you'll be just steps from popular restaurants, bars, shops, and entertainment. Opportunities like this are few and far between. Be in the heart of it all while owning a truly unique MainStrasse property.

Covington

$235,000

643514 MLS

Completely renovated and fully rented duplex. This was a complete rehab that was done with granite, luxury LVP, and quality finishes. Upgraded electrical. Brand new mini splits. All plumbing is brand new inside. Several New Windows. Unit 1 is a one bed one bath approximately 652 sq ft unit rented for 975 a month. Unit 2 is a one bed one bath with an additional large room downstairs that has the kitchen. It is approximately 918 sq ft and is rented for 1,275 a month. Both tenants have roughly 10 months remaining on their leases. Owner pays water. Building to be sold with 201-203 w 19th st.

205 19th St Street, Covington

$460,000

643466 MLS

Large 6 unit building with off street parking for tenants and guests! Located 1000 ft off of Interstate 75, this 6 family property is rented and ready for the next investor. Some of the units have been updated. Immediate cash flow. Currently operating at about an 8.8 percent Cap Rate.

716 Lewis Street, Covington

$646,000

6 Beds ⋅ 6 Baths ⋅ 643060 MLS

Have you been in Covington Lately? - Come see what you are missing - Lots of activity - In the Heart of Covington - A multi-family with a common wall & shared roof with separate PIDNs - Current set-up includes (4) residential units plus lower level storage areas in both sides, one finished & one unfinished - Classic architectural details - Modernized systems - Exceptional opportunity - Walkable to restaurants, shops, parks, and the riverfront

112-114 E 5th Street, Covington

$79,000

2 Beds ⋅ 2 Baths ⋅ 642937 MLS

Investor special with endless potential! This duplex sits on a double lot and offers multiple opportunities for investors or developers alike. Each unit features 1 bedroom and 1 bathroom. While the property does need renovations, it presents a great chance to add value and build sweat equity. Strong rental demand in the area makes this a solid addition to an investment portfolio, or take advantage of the oversized double lot and nearby development activity to start fresh with new construction. Don't miss the opportunity to unlock the potential of this income-producing property in a rapidly growing area. Selling as-is where-is.

943 John Street, Covington

$125,000

642890 MLS

Up for Auction! This income-producing duplex presents an excellent opportunity for both owner-occupants and investors alike. Conveniently located near downtown Covington's restaurants, entertainment, shopping, and commuter routes, this property offers flexibility and strong potential. The first-floor unit is currently vacant and newly rehabbed, featuring 2 bedrooms, updated finishes, a spacious kitchen, and a dedicated laundry room with washer/dryer hookups. A new furnace has also been installed, making the unit move-in or rent-ready immediately. The second-floor unit is occupied by a month-to-month tenant paying $930/month, providing immediate rental income. This 1-bedroom unit includes central air conditioning, and the property features separately metered gas and electric utilities. Whether you're looking to live in one unit while generating rental income from the other, or add a cash-flowing property to your portfolio, this duplex offers a great opportunity in a growing area. Auction ends 6/4/26 at 6PM. 10 percent buyers premium. Must adhere to terms and conditions prior to bidding.

513 E 16th Street, Covington

$240,000

5 Beds ⋅ 2 Baths ⋅ 642788 MLS

Great investment opportunity in the heart of Covington! This updated duplex offers strong income potential with a desirable mix of occupied and vacant units. The upper-level unit features 2 bedrooms and 1 full bath and is currently leased through May 2027 at $1,200/month, providing immediate rental income and stability. The lower-level unit offers 3 bedrooms and 1 full bath and is rented for $1,200/month. Both units have been updated, and the attached 2-car garage offers additional storage, convenience, or potential for added rental income. Property is being sold as-is.

1107 John Street, Covington

$499,900

642677 MLS

Rare opportunity in the heart of Covington's highly desirable Mainstrasse Village! This beautifully furnished, character-rich multi-family property is currently operating as a successful short-term rental and offers exceptional flexibility for investors or owner-occupants alike. Unit 1 features a stunning first-floor 1-bedroom setup with a spacious living room, eat-in kitchen with stainless steel appliances, stackable laundry, large bedroom, full bath, and direct walkout access to a private courtyard. Unit 2 occupies the entire second and third floors, offering 2 bedrooms, 2 full baths, oversized living spaces, an eat-in kitchen with stainless steel appliances, and an incredible third-floor primary suite complete with a huge bedroom, sitting area, walk-in shower, and clawfoot tub. Overflowing with historic charm and thoughtfully designed throughout, this property is absolutely beautifully furnished, with furnishings available for purchase. Enjoy off-street parking with room to potentially add an additional space, plus a gorgeous courtyard perfect for entertaining. Located just steps from Mainstrasse's popular bars, restaurants, and shops... and only minutes from Downtown Cincinnati... This turnkey property offers location, style, and income potential. Adding even more value, the property includes a transferable, and permanent Zoning Change of Use permit that allows for Short Term Rental operation.. a highly sought-after approval in this area. Buyer will still need to obtain the required STR license.

910 Main Street, Covington

$399,000

4 Beds ⋅ 2 Baths ⋅ 642586 MLS

What a FIND! Gorgeous two family in the heart of Covington. The current owner has restored and upgraded this property with many great amenities including quartz/stainless, refinished hrdwd floors, newer roof and HVACs/mechanicals and much much more. What a perfect way to build equity by living in one and letting the second unit pay most or all of your mortgage. Or buy with a friend and each have your own home. Either way, this is a fantastic opportunity. Schedule a private showing today!

727 Lewis Street, Covington

$815,000

642580 MLS

SOLD WHEN SENT SOLD WHEN SENT

241 W 7th Street, Covington

$315,000

2 Beds ⋅ 2 Baths ⋅ 642131 MLS

What if your neighbor helped pay your mortgage? At 425 Lehmer Street, that's not a hypothetical. It's already happening. This all-brick historic duplex in the heart of Covington is a proven short-term rental with 150 Airbnb reviews and a 4.8-star combined rating across both units. That income history is real, documented, and transferable to a new owner from day one. Two independent 1BR/1BA units, each with a private entrance, its own kitchen, full bath, and individual HVAC. Separate electric and gas meters. Stackable laundry in each unit stays. Shared basement and backyard. The setup: live in one unit, run the other as a short-term rental, and watch your cost of ownership shrink. A professional property management company is already in place for a seamless transition, or self-manage and keep more of the returns. Want to run both as STRs? The infrastructure and the reviews are already there. Three strategies. One property. House hack it, Airbnb both, or convert to long-term rentals. The numbers support all three. Steps from Mainstrasse Village, Covington's most walkable entertainment district. Minutes to downtown Cincinnati, major highways, and CVG Airport. A proven, turnkey income property with a track record that speaks for itself. Schedule your showing today.

425 Lehmer Street, Covington

$335,000

2 Beds ⋅ 2 Baths ⋅ 642042 MLS

Well-maintained historic duplex with excellent potential for owner-occupancy or investment. This beautiful property showcases classic architectural details, spacious layouts, and abundant natural light throughout both units. Each unit features separate front and rear entrances. Steps from the garages and off-street parking. Both units have full kitchens, a separate dining room, and a spacious living room, offering the ideal opportunity to live in one unit while generating rental income from the other. A third-floor bedroom or office provides added flexibility, and the attic offers potential to be finished for additional living space. Conveniently located near local amenities, this property blends timeless character with practical opportunity. Photos are of the 2nd-floor unit. Buyer to verify all information.

1946 Eastern Avenue, Covington

$2,500,000

641855 MLS

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.

403 Riverside Drive, Covington

$326,000

4 Beds ⋅ 3 Baths ⋅ 641847 MLS

A unique opportunity for a lovely two family in Wallace Woods that is perfect for an owner occupant. This comes with a long-term tenant on the first floor who pays $900 per month. The unoccupied unit is 3 floors: a large entry with a breathtaking staircase, three bedrooms and two bathrooms that includes an enormous private Owners suite. This unit should lease for $2,000 per month if the next owner decides to lease the entire building. Steps from Wallace Avenue known for its tree lined streets and beautiful historic architecture, this amazing home fits right in. Enjoy triple rounded windows, double front porches and natural woodwork throughout. Large full height basement that can host a workshop and laundry. Utilities are separated except for water/sanitation. This has been a long-term investment for the current owner and has been well maintained. Schedule your appointment today.

2207 Scott Street, Covington

$182,000

3 Beds ⋅ 2 Baths ⋅ 641770 MLS

Large corner lot all the way up the street! Fully rented and ready to perform. This duplex in Covington is a turnkey opportunity for any investor looking to add immediate cash flow to their portfolio. The property features a well-laid-out efficiency unit on the lower level and a spacious 3-bedroom, 1-bath unit upstairs, offering strong rental appeal across multiple tenant types. Both units are currently leased, providing instant income from day one. With ample off-street parking this a rare find for multi-family properties in this area. Tenants enjoy added convenience and long-term desirability. Even better, this property meets the sought-after 1 percent rule, making it a solid addition for investors focused on performance and returns. Whether you're expanding your portfolio or securing your first multi-family investment, this Covington duplex checks all the boxes. Additional property available for sale to accommodate a 1031 exchange investor.

1209 W Pike Street, Covington

$180,000

641486 MLS

Wallace Woods - Fully occupied 2-family investment property at 2017 Scott St featuring one 2-bedroom, 1-bath unit rented for $1,100/month and one 1-bedroom, 1-bath unit rented for $800/month. Both units have separate gas and electric meters, with landlord responsible only for water and sanitation. Property includes separate high-efficiency furnaces and central A/C systems for each unit. Tenants are currently on month-to-month leases, offering flexibility for an investor or owner-occupant. Great opportunity to add a cash-flowing property to your portfolio.

2017 Scott Street, Covington

$230,000

2 Beds ⋅ 2 Baths ⋅ 641449 MLS

Versatile brick duplex in Covington with strong income potential! Featuring two 1-bedroom, 1-bath units with separate heat and electric. Unit 1 has been recently updated with a tenant on a month to month lease paying $1100 as of 5/1. Unit 2 is move in ready with recent updates of paint, carpet & kitchen. Additional features include covered off-street parking, basement access for the lower unit, and exterior paint completed in 2023. Conveniently located near downtown Covington and Cincinnati, this property is ideal for both investors and owner-occupants to either generate income or offset living expenses.

1706 Eastern Avenue, Covington

$583,000

6 Beds ⋅ 4 Baths ⋅ 641443 MLS

This incredible 4 family building, in the Mutter Gottes district, offers the perfect blend of historic charm, modern updates, and a prime location! Current owners have invested over $200k since purchasing the property in 2021. Unit 402 and 404 have been completely renovated. Both have in-unit stackable washer/dryer. Units 406 and 408 were renovated prior to current ownership. Both units have laundry hookups in the basement.

402-408 Johnson Street, Covington

$717,000

6 Beds ⋅ 6 Baths ⋅ 641441 MLS

This incredible 4 family building, in the Mutter Gottes district, offers the perfect blend of historic charm, modern updates, and a prime location! This building sits directly across the street from the $500 million Covington Riverfront Development. Current owners have invested over $400k since purchasing the property in 2021. Every unit in the building was completely renovated. Beautiful hardwood floors, exposed brick, custom trim throughout, granite countertops, and stainless steel appliances. Units 229 and 235 have finished lower levels with in-unit laundry. Unit 233 has a stackable washer/dryer in the bedroom. The short term rental was professionally designed/decorated. Everything will convey - furniture, artwork, TV in the lower level, washer/dryer, etc

229-235 W 4th Street, Covington

$229,000

2 Beds ⋅ 2 Baths ⋅ 641172 MLS

Turnkey duplex in a convenient Northern Kentucky location offering immediate flexibility and upside. One unit is vacant--ideal for owner-occupants or investors looking to set market rent--while the other unit is currently leased on a month-to-month basis, providing income with flexibility. Well-maintained property with strong rental potential, making it a great fit for house hackers or investors seeking a low-maintenance addition to their portfolio. Easy access to local amenities, highways, and downtown Cincinnati.

115 E 30th Street, Covington

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