


Listing Courtesy of: NORTHERN KENTUCKY / Listed By: Simple Fee Realty - Contact: 859-802-3733
121 E Martin Luther King Jr. Boulevard Covington, KY 41011
Active (27 Days)
$450,000 (USD)
Description
MLS #:
647653
647653
Type
Multifamily
Multifamily
County
Kenton County
Kenton County
Listed By
Blaire Hancock, Simple Fee Realty, Contact: 859-802-3733
Source
NORTHERN KENTUCKY
Last checked Nov 13 2026 at 4:54 PM GMT+0000
NORTHERN KENTUCKY
Last checked Nov 13 2026 at 4:54 PM GMT+0000
Bathroom Details
- Full Bathrooms: 2
Interior Features
- Dishwasher
- Microwave
- Refrigerator
- Dryer
- Washer
- Electric Range
Property Features
- Fireplace: Decorative
- Foundation: Stone
Heating and Cooling
- Forced Air
- Natural Gas
- Central Air
Basement Information
- Partial
Utility Information
- Sewer: Public Sewer
School Information
- Elementary School: John G. Carlisle Elementary
- Middle School: Holmes Middle School
- High School: Holmes Senior High
Parking
- On Street
Living Area
- 2,136 sqft
Additional Information: Simple Fee Realty | 859-802-3733
Location
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by CENTURY 21 Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2026 Northern Kentucky MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/13/26 08:54
Renovated top to bottom in 2024 (~$120K scope): new kitchens with granite counters, custom cabinets, and stainless appliances; fully rebuilt bathrooms; luxury vinyl plank throughout; new lighting, ceiling fans, and A/C condensers; updated electrical and plumbing; fresh paint inside and out; new fencing and landscaping. Two spacious units -- a 2BR/1BA (~1,033 sq ft) and a 3BR/1BA (~1,103 sq ft), 2,136 sq ft total -- each with in-unit laundry and dishwasher, and utilities separately metered by unit, giving the next owner full flexibility on lease structure. All furniture to convey with sale.
Both units run as active Airbnbs with 4.8+ star ratings, and the seller offers a co-host transition so you inherit live listings and reviews -- no starting from zero. Current occupancy works in the buyer's favor: Unit 1 is leased through December 2026 (income in place at closing) and Unit 2 is available at the end of July -- move in yourself or set your own rents immediately.
The property sits on a surveyed, consolidated double parcel totaling 4,450 sq ft (44.5' x 100'). Can be subdivided and sold to a developer, finished to add off-street parking, patio, or additional outdoor space for guests. Walk Score 78. Steps to Covington's restaurants, minutes to Main Strasse Village, one bridge to downtown Cincinnati jobs, 15 minutes to CVG. The tenant has been parking on the gravel to the side of the building but that's not an approved parking spot with the city.