Listed By
Agency Name: Keller Williams Advisors
Agency Phone: 513-766-9200
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
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Property Description
Investor opportunity in the heart of Covington! This 5-unit multifamily features five one-bedroom apartments with separately metered utilities, offering strong expense control and consistent cash flow. Nearly $40K annual NOI with leases in place into 2026 provides immediate income stability.Recent improvements include a boiler (2019), new AO Smith 75-gallon water heater (2024), and full exterior restoration (2021). Located in a walkable neighborhood next to a local art center and close to coffee, dining, and urban amenities, supporting strong tenant demand.Professional management in place. Approx. 5.9 percent cap rate based on historical performance with potential for future rent growth. Financials available upon request. 24-hour notice required for showings.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Days on Market: 7
Heating: Natural Gas, Hot Water
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 3.0
Feature Descriptions
Appliances: Gas Range, Refrigerator
Exterior: Brick
Foundation: Block
Interior: Eat-in Kitchen
Laundry: Coin Laundry
Lot Dimensions: 95 x 50
Parcel Number: 054-23-18-010.00
Parking: On Street
Property Condition: Existing Structure
Sewer: Public Sewer
Structure Type: Apartment
Sub Type: Apartment
Tenant Pays: Electricity, Gas, Heat, Sewer, Water
Units: 5
Utilities: Cable Available, Natural Gas Available
Water: Public
Window: Wood Frames
Local Schools
High School: Holmes Senior High
Middle School: Holmes Middle School
Elementary School: First District Elementary
School District: Covington Indep
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Estimated Payment
$ 3,490.20 per month $3,293.33 Principal & Interest $0.00 Property Tax (data not provided by mls) $196.88 Homeowner's InsuranceChange Payment Information
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634 Greenup Street | MLS# 640075
This multi-family property located at 634 Greenup Street, Covington, KY 41011 is currently listed for sale with an asking price of $675,000. Greenup Street is located within the Covington Indep school district. Search Covington real estate on www.cutlerhomes.com today.