A coveted central location, steps from Covington's ''newest neighborhood'' at the former IRS site where 23 acres will be breaking ground soon. Perfectly maintained, high quality, 4-unit apartment building spanning 4 lots with 8 parking spaces. Two (2) bedroom units and Two (1) bedroom units. Each unit is appointed with granite surfaces, original hardwood floors, LED lighting and dedicated outdoor spaces. All units have separate furnace and central air-conditioning plus in-unit laundry. Gas & Electric are separately metered. Basement offers storage areas or a workshop. A private courtyard is tucked away behind the building for community space. This opportunity generates solid, consistent income and is poised to do so well into the future. Also a candidate for a condo conversion. Walkable from Mainstrasse, Downtown Covington and Cincinnati.
Sold for $862,500
Tax assessed value
$862,500
427-429 Russell St, Covington, KY 41011
6beds
4,140sqft
Multi Family, Apartment, Quadruplex
Built in ----
-- sqft lot
$737,900 Zestimate®
$208/sqft
$2,705 Estimated rent
Home value
$737,900
$635,000 - $841,000
$2,705/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Rebecca Weber 859-468-2544,
Comey & Shepherd REALTORS
Bought with:
Kevin Grosskoph, 284671
Comey & Shepherd, Inc.
Source: NKMLS,MLS#: 614422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 5
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Multi Units, Central Air
Appliances
- Included: Washer/Dryer Stacked, Electric Range, Stainless Steel Appliance(s), Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry: In Unit
Features
- Storage, Track Lighting, Pantry, Open Floorplan, Kitchen Island, Granite Counters, Entrance Foyer, Eat-in Kitchen, Chandelier, Breakfast Bar
- Windows: Aluminum Clad Window(s), Aluminum Frames, Double Hung, Storm Window(s), Wood Frames
- Basement: Full
- Number of fireplaces: 4
- Fireplace features: Pellet Stove, Brick, Inoperable
Interior area
- Total structure area: 4,140
- Total interior livable area: 4,140 sqft
Property
Parking
- Total spaces: 8
- Parking features: Parking Lot, Off Street
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Patio, Porch
- Exterior features: Private Yard, Balcony, Lighting
- Fencing: Wrought Iron,Metal
- Has view: Yes
- View description: City, Neighborhood, Skyline
Lot
- Size: 3,484 sqft
- Features: Corner Lot
Details
- Parcel number: 0542108014.00
- Zoning description: Residential, Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment, Quadruplex
Materials
- HardiPlank Type, Brick
- Foundation: Stone
- Roof: Shingle
Condition
- Existing Structure
- New construction: No
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s), Fire Escape
Location
- Region: Covington
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2023 | Sold | $862,500-13.3%$208/sqft |
Source:  NKMLS #614422 Report a problem | ||
| 6/26/2023 | Pending sale | $995,000$240/sqft |
Source: NKMLS #614422 Report a problem | ||
| 6/13/2023 | Price change | $995,000-9.1%$240/sqft |
Source: NKMLS #614422 Report a problem | ||
| 11/17/2022 | Price change | $1,095,000-8.7%$264/sqft |
Source: NKMLS #604624 Report a problem | ||
| 6/3/2022 | Listed for sale | $1,199,000$290/sqft |
Source: NKMLS #604624 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,342 +287% | $862,500 +292% |
| 2023 | $2,930 +0.8% | $220,000 |
| 2022 | $2,906 -2.3% | $220,000 +12.8% |
| 2021 | $2,975 -23.7% | $195,000 |
| 2020 | $3,897 | $195,000 |
| 2019 | $3,897 +18.2% | $195,000 |
| 2018 | $3,297 | $195,000 |
| 2017 | $3,297 -10.8% | $195,000 |
| 2015 | $3,697 -0.7% | $195,000 |
| 2014 | $3,722 | $195,000 +143.8% |
| 2011 | -- | $80,000 |
| 2010 | -- | $80,000 |
| 2009 | -- | $80,000 |
| 2008 | -- | $80,000 |
| 2007 | -- | $80,000 |
| 2006 | -- | $80,000 +6.7% |
| 2005 | -- | $75,000 |
| 2004 | -- | $75,000 |
| 2003 | -- | $75,000 |
| 2002 | -- | $75,000 +2.7% |
| 2001 | -- | $73,000 |
| 2000 | -- | $73,000 |
Find assessor info on the county website
Neighborhood: 41011
Nearby schools
GreatSchools rating
- 7/10John G Carlisle Elementary SchoolGrades: K-5Distance: 0.4 mi
- 3/10Holmes Middle SchoolGrades: 6-8Distance: 1.8 mi
- 1/10Holmes High SchoolGrades: 9-12Distance: 1.8 mi
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
$737,900
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$737,900
- Kentucky
- Kenton County
- Covington
- 41011
- 427-429 Russell St
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