Listed By
Agency Name: Reinvest Consultants, LLC
Agency Phone: 513-823-2200
Shown By
Agent Name: Dan Stroup
Agent Phone: (330) 354-5833
Agency Title: Cutler Real Estate
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Property Description
Up for Auction! This income-producing duplex presents an excellent opportunity for both owner-occupants and investors alike. Conveniently located near downtown Covingtons 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 youre 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Cooling: Central Air
Days on Market: 3
Heating: Natural Gas, Forced Air
Lot Size: 0.05 Acres
Roof Type: Asphalt, Shingle
Stories: 2.0
Feature Descriptions
Appliances: None
Exterior: Aluminum Siding
Foundation: Stone
Lot: Near Public Transit
Lot Dimensions: unk
Parcel Number: 055-31-21-006.00
Parking: On Street
Property Condition: Existing Structure
Sewer: Public Sewer
Structure Type: Duplex
Sub Type: Apartment
Tenant Pays: Electricity, Gas
Units: 2
Water: Public
Window: Vinyl Frames
Local Schools
High School: Holmes Senior High
Middle School: Holmes Middle School
Elementary School: Sixth District Elementary
School District: Covington Indep
Estimate Your Payment
Estimated Payment
$ 537.31 per month $508.44 Principal & Interest $0.00 Property Tax (data not provided by mls) $28.88 Homeowner's InsuranceChange Payment Information
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513 E 16th Street | MLS# 642890
This multi-family property located at 513 E 16th Street, Covington, KY 41014 is currently listed for sale with an asking price of $99,000. E 16th Street is located within the Covington Indep school district. Search Covington real estate on dstroup.cutlerhomes.com today.