What if your neighbor helped pay your mortgage? At 425 Lehmer Street, that's not a hypothetical. It's already happening.
This all-brick historic duplex in the heart of Covington is a proven short-term rental with 150 Airbnb reviews and a 4.8-star combined rating across both units. That income history is real, documented, and transferable to a new owner from day one.
Two independent 1BR/1BA units, each with a private entrance, its own kitchen, full bath, and individual HVAC. Separate electric and gas meters. Stackable laundry in each unit stays. Shared basement and backyard.
The setup: live in one unit, run the other as a short-term rental, and watch your cost of ownership shrink. A professional property management company is already in place for a seamless transition, or self-manage and keep more of the returns. Want to run both as STRs? The infrastructure and the reviews are already there.
Three strategies. One property. House hack it, Airbnb both, or convert to long-term rentals. The numbers support all three.
Steps from Mainstrasse Village, Covington's most walkable entertainment district. Minutes to downtown Cincinnati, major highways, and CVG Airport.
A proven, turnkey income property with a track record that speaks for itself. Schedule your showing today.
Pending
$324,900
425 Lehmer St, Covington, KY 41011
2beds
1,580sqft
Multi Family, Duplex
Built in 1910
-- sqft lot
$-- Zestimate®
$206/sqft
$-- HOA
What's special
All-brick historic duplexShared basementIts own kitchenIndividual hvac
- 104 days
- 42
- 2
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Christine Ray 859-242-0919,
Haven Homes Group
Source: NKMLS,MLS#: 642131
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Washer/Dryer Stacked, Electric Oven, Stainless Steel Appliance(s), Dishwasher, Refrigerator
Features
- Windows: Double Hung
- Basement: Full
Interior area
- Total structure area: 1,580
- Total interior livable area: 1,580 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City, Neighborhood
Lot
- Size: 2,178 Square Feet
Details
- Parcel number: 0542210002.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick, Stone
- Foundation: Stone
- Roof: Membrane,Built-Up
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Available, Sewer Available, Water Available
Community & HOA
Location
- Region: Covington
Financial & listing details
- Price per square foot: $206/sqft
- Tax assessed value: $380,000
- Annual tax amount: $5,035
- Date on market: 6/7/2026
- Cumulative days on market: 105 days
- Tenant pays: Gas, Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2026 | Pending sale | $324,900$206/sqft |
Source:  NKMLS #642131 Report a problem | ||
| 5/1/2026 | Listed for sale | $324,900-14.5%$206/sqft |
Source: NKMLS #642131 Report a problem | ||
| 2/2/2023 | Sold | $380,000$241/sqft |
Source: Public Record Report a problem | ||
| 1/12/2023 | Pending sale | $380,000$241/sqft |
Source: NKMLS #610544 Report a problem | ||
| 1/12/2023 | Listed for sale | $380,000+120.3%$241/sqft |
Source: NKMLS #610544 Report a problem | ||
| 6/3/2022 | Sold | $172,500-6.8%$109/sqft |
Source: Public Record Report a problem | ||
| 5/11/2022 | Pending sale | $185,000$117/sqft |
Source: NKMLS #603575 Report a problem | ||
| 5/4/2022 | Listed for sale | $185,000+191.3%$117/sqft |
Source: NKMLS #603575 Report a problem | ||
| 5/14/2010 | Sold | $63,500-5.1%$40/sqft |
Source: Public Record Report a problem | ||
| 11/23/2005 | Sold | $66,900+31.2%$42/sqft |
Source: Public Record Report a problem | ||
| 10/27/2000 | Sold | $51,000$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,035 +0.8% | $380,000 |
| 2024 | $4,997 +117.5% | $380,000 +120.3% |
| 2023 | $2,298 +51.8% | $172,500 +50.5% |
| 2022 | $1,514 +56.3% | $114,600 +80.5% |
| 2021 | $969 -37.6% | $63,500 |
| 2020 | $1,551 | $63,500 |
| 2019 | $1,551 +47.6% | $63,500 |
| 2018 | $1,051 | $63,500 |
| 2017 | $1,051 -24.6% | $63,500 |
| 2015 | $1,394 | $63,500 |
| 2014 | $1,394 +11.3% | $63,500 |
| 2013 | $1,252 | $63,500 |
| 2012 | -- | $63,500 |
| 2011 | -- | $63,500 -5.1% |
| 2010 | -- | $66,900 |
| 2009 | -- | $66,900 |
| 2008 | -- | $66,900 |
| 2007 | -- | $66,900 |
| 2006 | -- | $66,900 +31.2% |
| 2005 | -- | $51,000 |
| 2004 | -- | $51,000 |
| 2003 | -- | $51,000 |
| 2002 | -- | $51,000 |
| 2001 | -- | $51,000 +50% |
| 2000 | -- | $34,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 41011
Nearby schools
Schools provided by the listing agent
- Elementary: John G. Carlisle Elementary
- Middle: Holmes Middle School
- High: Holmes Senior High
Source: NKMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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