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29764657
29764658

501 Johnson St, Covington, KY 41011 For Sale

$649,900
153 days on market
Updated 74 days ago
Opportunity zone

501 Johnson St Covington, KY 41011

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,186
Price per SqFt $204
Year Built 1860
Year Renovated 7
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.57

Multifamily

Marketing description

Exceptional renovated triplex in the heart of Covington, KY—just steps from Cincinnati and Main Strasse Village. Zoned mixed use, this offering includes the adjacent vacant lot, creating a rare opportunity for expansion, additional parking, or future development (buyer to verify). Located one block from the highly anticipated Covington Central Riverfront redevelopment, the property is positioned near future restaurants, retail, housing, and office space, offering strong long-term appreciation potential. Originally built in 1860, this historic property seamlessly blends timeless character with modern updates throughout. The building features three well-appointed units: two 1-bedroom, 1-bath units and one 1-bedroom, 1.5-bath unit, an ideal configuration for tenants, investors, or owner-occupants. Each unit has been thoughtfully renovated to meet today's standards while preserving the charm of the era. The walkable location provides easy access to downtown Covington, Main Strasse Village, Cincinnati's Central Business District, dining, entertainment, and riverfront amenities. Whether you're an investor seeking a turnkey multifamily in a high-growth area or an owner-occupant looking for flexibility and future development potential, this property delivers history, location, income potential, and additional land in one of Northern Kentucky's most desirable urban corridors.

Investment highlights

✔️ 3-Unit Multifamily
✔️ Two 1 bed / 1 bath units
✔️ One 1 bed / 1.5 bath + bonus room
✔️ Laundry in each unit
✔️ Updated + spacious interiors
✔️ 1 block to the new Covington Central Riverfront
✔️ Walk to MainStrasse
✔️ Walk to Downtown Cincinnati

Prime location + strong rental potential.

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