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Listed by Reinvest Consultants, LLC
$ 125,000
$ 99,000 26.3%
Est. payment /mo
Sold on 06/25/2026
513 E 16th Street Covington, KY 41014
1,792 SqFt
UPDATED:
Key Details
Sold Price $125,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,792 sqft
Price per Sqft $69
MLS Listing ID 642890
Sold Date 06/25/26
Lot Size 2,310 Sqft
Property Sub-Type Apartment
Property Description
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.
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.
Location
State KY
County Kenton
Rooms
Basement Partial
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Exterior
Parking Features On Street
View Y/N N
Roof Type Asphalt,Shingle
Building
Lot Description Near Public Transit
Story Two
Foundation Stone
Sewer Public Sewer
Level or Stories Two
New Construction No
Schools
Elementary Schools Sixth District Elementary
Middle Schools Holmes Middle School
High Schools Holmes Senior High
Others
Special Listing Condition Auction
NEARBY SCHOOLS & PROPERTIES