513 E 16th StreetCovington, KY 41014

513 E 16th StreetCovington, KY 41014

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$99,000
Multi Unit - Multiple MLS 642890 New to the Market
0 beds 0 Bathrooms 1,792 sqft
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Listed By

Agency Name: Reinvest Consultants, LLC
Agency Phone: 513-823-2200

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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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.

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 250danielburnhamsquareunit606.cutlerhomes.com today.

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

Demographics

Kenton County Demographic Information for 513 E 16th Street, Covington, KY 41014
Fips
Fips Code 21117
Population
2020 to 2025 Change up 4.0%
2010 Count 159,720
2020 Count 169,064
2025 Estimate (V2025) 175,779
2020 Estimate (V2025) 169,042
Age Distribution (Years Old)
0 to 4 5.6%
5 to 17 22.6%
18 to 64 55.0%
65 and Older 16.8%
Gender
Male 49.8%
Female 50.2%
Place of Birth
Foreign 4.1%
US 95.9%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 37.4%
Computer and Internet use
Households with a computer 95.8%
Households with a broadband Internet subscription 92.0%
Language
English is Second Language, Age 5+ 5.5%
English is First Language, Age 5+ 94.5%
Veterans
Veterans 7,465
Income
Per Capita Income $43,733
Median Household Income $80,548
People in Poverty 9.8%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 73,256
Households 67,367
Average Household Size 2.52
Owner-Occupied 70.7%
Multi-Family 26.0%
Owner-Occupied Median Value $244,400
Median selected monthly owner costs -with a mortgage $1,584
Median selected monthly owner costs -without a mortgage $580
Median gross rent $1,069
Building Permits
New Private Housing Issued 2024 699
Years at Residence
1 Year or More 88.7%
Less Than 1 Year 11.3%
Business and Employment
Private non-farm Establishments 3,297
Private non-farm Employment 68,018
Private non-farm Employment Growth up 0.5%
Nonemployer Establishments 11,254
Number of Firms 2,816
Business Production
Value of Shipments $2,537,540,000
Wholesale Trade $1,316,991,000
Retail Trade $1,601,623,000
Retail Sales Per Capita $8,235
Accommodation and Food Services $405,567,000
Land
Land Area 160.25 sq. miles
Population Per Square Mile 997

Source: US Census Bureau

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 Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
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