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Sold for $315,000
  • $315,000

    425 Lehmer St, Covington, KY 41011

    2beds
    1,580sqft
    Multi Family, Duplex
    Built in 1910
    -- sqft lot
    $316,500 Zestimate®
    $199/sqft
    $1,117 Estimated rent

    Home value

    $316,500

    $288,000 - $348,000

    $1,117/mo

    Zestimate® history
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    $2,040/mo

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    What's special

    All-brick historic duplexShared basementIts own kitchenIndividual hvac
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Christine Ray 859-242-0919,

    Haven Homes Group

    Bought with:

    Bradley Feldhaus, 287595

    Coldwell Banker Realty FM

    Source: NKMLS,MLS#: 642131MLS Logo

    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: $199/sqft
    • Tax assessed value: $380,000
    • Annual tax amount: $5,035
    • Date on market: 9/28/2026
    • Cumulative days on market: 8 days
    • Tenant pays: Gas, Heat

    Price history

    DateEventPrice
    6/23/2026Sold$315,000-3%$199/sqft
    Source: NKMLS #642131 Report a problem
    5/9/2026Pending sale$324,900$206/sqft
    Source: NKMLS #642131 Report a problem
    5/1/2026Listed for sale$324,900-14.5%$206/sqft
    Source: NKMLS #642131 Report a problem
    2/2/2023Sold$380,000$241/sqft
    Source: Public Record Report a problem
    1/12/2023Pending sale$380,000$241/sqft
    Source: NKMLS #610544 Report a problem
    1/12/2023Listed for sale$380,000+120.3%$241/sqft
    Source: NKMLS #610544 Report a problem
    6/3/2022Sold$172,500-6.8%$109/sqft
    Source: Public Record Report a problem
    5/11/2022Pending sale$185,000$117/sqft
    Source: NKMLS #603575 Report a problem
    5/4/2022Listed for sale$185,000+191.3%$117/sqft
    Source: NKMLS #603575 Report a problem
    5/14/2010Sold$63,500-5.1%$40/sqft
    Source: Public Record Report a problem
    11/23/2005Sold$66,900+31.2%$42/sqft
    Source: Public Record Report a problem
    10/27/2000Sold$51,000$32/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax 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

    Neighborhood: 41011

    Nearby schools

    GreatSchools rating
    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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    Estimated market value

    $316,500

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $316,500