Covington KY Multi-Family Real Estate, Homes for Sale

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

$777,000

4 Beds ⋅ 3 Baths ⋅ 646343 MLS

Historic architecture. Modern luxury. Covington at its best. Rarely does a property offer this combination of character, sophisticated renovation, outdoor space, and an exceptional location. This beautifully reimagined three-story multifamily features three thoughtfully designed residences: a 1-bedroom/1-bath on the first floor, 2-bedroom/1-bath on the second, and 1-bedroom/1-bath on the third. Original exposed brick and architectural details pair beautifully with updated kitchens, elevated finishes, and modern conveniences throughout. The second-floor residence is a standout, featuring an oversized slider with direct views of Paycor Stadium an incredible setting for entertaining or enjoying game day from home. A multi-level rear deck connects all three floors and leads to a private backyard, offering a rare outdoor retreat in this urban setting. Ideally located within walking distance of Bengals games, restaurants, bars, entertainment, and all that Covington and Cincinnati have to offer. A truly distinctive property with exceptional flexibility for an investment, owner-occupant, or income-producing opportunity.

214 W 5th Street, Covington

$395,000

2 Beds ⋅ 2 Baths ⋅ 646330 MLS

Welcome to this beautifully updated duplex nestled in one of Covington, Kentucky's most sought-after historic neighborhoods. Where charm meets modern convenience. Whether you're an investor or a first-time buyer looking to offset your mortgage, this property delivers the perfect house-hack opportunity. Both units have been updated with fresh finishes, modern fixtures, and move-in ready interiors that honor the character of the neighborhood while meeting today's lifestyle demands. One unit is currently vacant and ready for immediate owner-occupancy, live in your own space while your tenant helps cover your mortgage. It's homeownership that pays you back. Location is everything, and this property delivers. Situated just minutes from the new IRS Development Site -- one of the most significant economic drivers coming to the greater Cincinnati region -- this address is positioned for long-term appreciation. BUT also just a short stroll from everything that makes Covington legendary: MainStrasse Village, , craft Braxton, Wenzel, shops, and the scenic Covington Riverwalk with views of the Cincinnati skyline. Commuters will love the easy highway access connecting you to downtown Cincinnati, Northern Kentucky. With strong rental demand, a thriving local economy, and a neighborhood that only continues to grow in desirability, this duplex checks every box. Live smart. Build wealth. Own a piece of Covington's history! Set up a showing today.

218 W 5th Street, Covington

$380,000

646329 MLS

Tucked into one of Covington's most charming historic neighborhoods, this fully renovated two-family gem is the house-hack opportunity you've been waiting for. Meticulously updated from the studs up, every detail has been thoughtfully executed -- stunning tilework, chef-caliber kitchens, gleaming hardwood floors, and exposed brick accents that celebrate the home's historic soul. The open-concept layout flows beautifully between living spaces, ideal for both relaxed living and effortless entertaining. One unit is month to month and move-in ready, making owner-occupancy a seamless transition. Let your tenant, or Airbnb guests, help carry the mortgage while you build equity in one of Northern Kentucky's hottest zip codes. Step outside to a freshly landscaped exterior, brand new sidewalk, and a patio perfect for morning coffee or evening gatherings. Just beyond your doorstep, the peaceful Covington Cemetery and stunning arboretum provide a rare green escape -- serene, walkable, and utterly unique to this address. Yet you're never far from the action. MainStrasse Village, Covington's celebrated dining scene, craft breweries, and the riverfront are all within an easy stroll. And when it's time to commute, quick highway access puts downtown Cincinnati and all of Greater NKY minutes away. Schedule a showing today.

1230 Fisk Street, Covington

$165,000

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

$195,000

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

$285,000

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

$429,000

4 Beds ⋅ 4 Baths ⋅ 645277 MLS

Four family building built in the late 1800's. All windows except basement have been replaced . Each unit has their own gas and electric meters, 90+ gas furnace with A/C and entry. All units are one bedroom and one bath with kitchen. Great location close to I-275, NKU, downtown Cincinnati and airport.

136 E 25th 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

$649,900

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

$239,000

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

$324,900

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

$345,000

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

$295,000

4 Beds ⋅ 2 Baths ⋅ 641860 MLS

BOTH UNITS ARE RENTED. Brick 2 story corner lot duplex ready for any investor looking to have an immediate cash flow to their dossier. 4 bedrooms, 2 bathrooms, and 2 kitchens. Both units have separate systems: 2 HVAC and 2 Central Air systems, 2- 200-amp electric panels, 2 water lines and 2 hot water heaters. New roof, new windows, new tile flooring, hardwood floors and remodeled kitchen. The main floor unit has a stove and refrigerator. The top floor unit has a stove, dishwasher and refrigerator. The basement is divided with a washer and dryer for each unit. Quick response showings are Monday-Wednesday 11am-5pm. Thursday-Sunday showings please allow 24hr notice. Lease info available upon request. Tenants are responsible for their own utilities. Agent's husband and brother-in-law own the property. Buyers and Buyers agents to verify all information.

1802 Holman Street, 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

$225,000

4 Beds ⋅ 2 Baths ⋅ 641820 MLS

BOTH UNITS ARE RENTED. Charming 3 story duplex ready for any investor looking to have an immediate cash flow to their dossier. 4 bedrooms, 2 bathrooms and 2 kitchens. Both units have separate systems: 2 HVAC and 2 Central Air systems, 2- 100-amp electric panels, 2 natural gas lines and 2 gas hot water heaters. New roof, new windows, new tile flooring, hardwood floors, new carpeting, remodeled kitchens and bathrooms. Both units have a washer,dryer,stove,dishwasher and refrigerator. The basement is a cellar with an outside entrance. Both units have their own laundry area in their rental. Quick response showings are Monday-Wednesday 11am-5pm. Thursday-Sunday showings please allow 24hr notice. 3rd floor has central air but tenant put in a window air unit for their own use. Lease info available upon request. The water line is one but could easily become two. The tenants split the cost. Tenants are responsible for their own utilities. Agent's husband and brother-in-law own the property. Buyer and Buyers agents to verify all information.

426 Watkins 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

$582,999

641626 MLS

Charming multi-family property in the heart of Covington with a brand new roof! This historic three-unit building offers a separate washer and dryer in each unit, off-street parking, and private alley access for convenience. 1 unit offers a 1 bed 1.5 bath, 2 unit offers a 2 bed, 1 bath, and the 3 unit is a 1 bed and 1 bath. All units have private entrances, and separately metered HVAC/utilities. Enjoy timeless character and an unbeatable location--just minutes to Downtown Cincinnati and everything the Tri-State has to offer!

1410 Scott Street, Covington

$425,000

3 Beds ⋅ 2 Baths ⋅ 641603 MLS

Amazing multifamily opportunity in the heart of Historic MainStrasse Village in Covington, KY! This charming property features two well appointed units--Unit 1 offers a spacious 1 bedroom, 1 bath layout, while Unit 2 includes 2 bedrooms and 1 bath. Both units feature beautiful hardwood floors, walk-in closets, in-unit laundry and private decks perfect for relaxing or entertaining. Off-street parking pad adds convenience for Unit 2. Ideally located just steps from the vibrant shops, restaurants and entertainment of MainStrasse Village, making this a fantastic investment in Covington's most walkable and sought after neighborhoods! Achosa warranty included.

326 W 8th 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

$269,000

5 Beds ⋅ 2 Baths ⋅ 641088 MLS

Versatile duplex in a convenient Covington location offering strong potential for both investors and owner-occupants. The property features a 2-bedroom, 1-bath unit along with a larger 3-bedroom, 1-bath unit that offers the potential to be converted into a 4-bedroom layout. In addition to its multi-family use, the home presents a unique opportunity to be converted back into a spacious single-family residence, providing flexibility for a variety of living or investment strategies. Ideally situated near local amenities, dining, and downtown access, this property offers both functionality and long-term upside. Both tenants are month-to-month.

802 Philadelphia Street, Covington

$699,900

4 Beds ⋅ 6 Baths ⋅ 640978 MLS

Welcome to 1039 Lee Street - an exceptional, fully occupied 4-unit investment property ideally positioned on a corner lot just steps from everything Covington has to offer! Whether you're expanding your portfolio or looking for a turnkey asset in a prime location, this one checks all the boxes. The building features a strong unit mix with two spacious 2-bedroom, 1.5-bath units and two efficiency units each with a full bath. Every unit has been thoughtfully updated, blending historic character with modern appeal, highlighted by restored flooring, exposed brick walls, and updated finishes throughout. Tenants enjoy the convenience of separate utilities and in-unit laundry, adding to the property's long-term desirability and ease of management. Outside, a fenced courtyard provides inviting shared outdoor space, while two off-street parking spots offer added value in this walkable, high-demand area. Don't miss your opportunity to own a well-maintained, income-producing property in the heart of it all.

1039 Lee Street, Covington

$195,000

3 Beds ⋅ 2 Baths ⋅ 640923 MLS

Excellent investment opportunity in the charming community of Latonia. Versatile two-family home offers endless potential for both investors and owner-occupants alike. Featuring two separate units with independent utilities, this property provides flexibility and convenience. The first unit includes two spacious bedrooms and one full bathroom, highlighted by an updated bath with classic subway tile and new vinyl plank flooring in both the kitchen and bathroom. The second unit offers a comfortable one-bedroom, one-bath layout, complete with stylish barn doors and a cozy front porch and level backyard--perfect for relaxing. Ideally situated within walking distance to public transportation, local shops, and dining, this property is perfectly positioned for tenant appeal. Both units are currently leased on a month-to-month basis, offering future flexibility of income. Laundry hook up in basement. Showings require a minimum of 24-hour notice. Tenants may be willing to stay.

318 E 42nd Street, Covington

$425,000

6 Beds ⋅ 4 Baths ⋅ 640859 MLS

Fully refreshed two-family opportunity offering flexibility for both owner occupants and investors - both units are vacant and ready for immediate occupancy or leasing. Each unit lives with the feel and functionality of a single-family home, featuring multiple levels of finished space and thoughtful updates throughout, including new luxury vinyl plank flooring, fresh carpet and paint, and updated fixtures. Unit 1 offers 2 bedrooms and 2 full baths and a clean, modern feel. Unit 2 expands across multiple levels with 4 bedrooms, 2.5 baths, and a flexible bonus space ideal for a study or potential fifth bedroom. The entire third floor is dedicated to a private primary suite with dual vanities, an expansive tiled shower, and generous living space. Both units include in-unit laundry. A welcoming front porch adds curb appeal, while the rear walkout opens to a spacious patio and fully fenced yard with privacy fencing, offering great outdoor space. Convenient location with strong potential for house hacking, multi-generational living, or long-term investment.

1402 Scott Street, Covington

$130,000

3 Beds ⋅ 3 Baths ⋅ 640769 MLS

Great Investment Opportunity - Duplex with Strong Rental Income! Don't miss your chance to grow your investment portfolio with this income-producing property! This duplex features two separate units that generates a combined monthly income of $2095. Each unit offers functional living space and reliable rental history, making it ideal for both seasoned investors and those just starting out. Please note: photos were taken prior to tenants move-in. Buyer/Buyer's Agent to verify all information

122 W 32nd Street, Covington

$950,000

640684 MLS

STUNNING 6 unit building on one of Covington's preeminent streets!! All 6 apts have been completed remodeled with new granite countertops, high end lighting, remodeled bathrooms, refinished hardwood floors and in unit washer/dryers!! This unique building has soaring ceiling heights and either walk out porches or balconies for each apartment!! Repaved parking lot in the back of building offers off-street parking for each tenant! This well-maintained building is easy to rent and attracts a professional renter looking to be close to Covington's restaurant and entertainment district, while at the same time enjoying the amenities of being on this beautiful tree-lined street!! Gross annual rents 110k!!!

522- 524 Garrard Street, Covington

Browse All Covington KY Multi-Family Properties for Sale

Covington Multi-Family Real Estate