Great 2 unit all brick building with long term tenants on 1 year leases at $1300 each. Property generates $2600 per month in rental income, tenants pay gas & electric, owner pays water/sewer. Both units were updated about 15 years ago and retain great historic charm as well. Property has fenced in backyard with covered porch. Great opportunity and location!
Sold for $300,000
$300,000
509 Wallace Ave, Covington, KY 41014
3beds
2,206sqft
Multi Family, Duplex
Built in 1913
-- sqft lot
$322,000 Zestimate®
$136/sqft
$1,554 Estimated rent
Home value
$322,000
$290,000 - $357,000
$1,554/mo
Zestimate® history
Owner options
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$1,554/mo
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$1,554/mo
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$1,864/mo
Est. payment
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$1,864/mo
Est. payment
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List your homeWhat's special
Covered porchAll brick buildingFenced in backyard
Zillow last checked:
Listing updated:
Listed by:
Jonathan Amster 513-307-3937,
Comey & Shepherd, REALTORS
Bought with:
Jody Connett, 205802
Huff Realty - CC
Source: NKMLS,MLS#: 624884
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Stainless Steel Appliance(s), Gas Oven, Dishwasher, Dryer, Refrigerator, Washer
- Laundry: In Basement
Features
- Windows: Vinyl Frames
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Inoperable
Interior area
- Total structure area: 2,206
- Total interior livable area: 2,206 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Covered, Patio, Porch
- Exterior features: Balcony, Outdoor Grill
- Fencing: Wood
- Has view: Yes
- View description: City
Lot
- Size: 4,791 sqft
- Dimensions: .1101 ac
Details
- Parcel number: 0553225002.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick
- Foundation: Stone
- Roof: Shingle
Condition
- Existing Structure
- New construction: No
- Year built: 1913
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Covington
Price history
| Date | Event | Price |
|---|---|---|
| 2/14/2025 | Sold | $300,000-7.7%$136/sqft |
Source:  NKMLS #624884 Report a problem | ||
| 1/16/2025 | Pending sale | $325,000$147/sqft |
Source: NKMLS #624884 Report a problem | ||
| 11/7/2024 | Listed for sale | $325,000$147/sqft |
Source: NKMLS #624884 Report a problem | ||
| 8/27/2024 | Pending sale | $325,000$147/sqft |
Source: NKMLS #624884 Report a problem | ||
| 7/23/2024 | Listed for sale | $325,000+19.7%$147/sqft |
Source: NKMLS #624884 Report a problem | ||
| 5/13/2021 | Sold | $271,500-1.3%$123/sqft |
Source: Public Record Report a problem | ||
| 4/11/2021 | Pending sale | $275,000$125/sqft |
Source: NKMLS #547431 Report a problem | ||
| 4/7/2021 | Listed for sale | $275,000+69.8%$125/sqft |
Source: NKMLS #547431 Report a problem | ||
| 4/29/2013 | Sold | $162,000$73/sqft |
Source: Public Record Report a problem | ||
| 1/12/2012 | Sold | $162,000+30.6%$73/sqft |
Source: Public Record Report a problem | ||
| 3/6/2003 | Sold | $124,000+112.2%$56/sqft |
Source: Public Record Report a problem | ||
| 1/27/1997 | Sold | $58,440$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,570 -1.3% | $271,500 |
| 2023 | $3,616 +0.8% | $271,500 |
| 2022 | $3,587 +45.1% | $271,500 +67.6% |
| 2021 | $2,471 -19.3% | $162,000 |
| 2020 | $3,063 | $162,000 |
| 2019 | $3,063 +19.4% | $162,000 |
| 2018 | $2,565 | $162,000 |
| 2017 | $2,565 -20.6% | $162,000 |
| 2015 | $3,232 | $162,000 |
| 2014 | $3,232 +4.2% | $162,000 |
| 2013 | $3,102 | $162,000 +30.6% |
| 2012 | -- | $124,000 |
| 2011 | -- | $124,000 |
| 2010 | -- | $124,000 |
| 2009 | -- | $124,000 |
| 2008 | -- | $124,000 |
| 2007 | -- | $124,000 |
| 2006 | -- | $124,000 |
| 2005 | -- | $124,000 |
| 2004 | -- | $124,000 +55% |
| 2003 | -- | $80,000 |
| 2002 | -- | $80,000 +23.1% |
| 2001 | -- | $65,000 |
| 2000 | -- | $65,000 |
Find assessor info on the county website
Neighborhood: 41014
Nearby schools
GreatSchools rating
- 3/10Sixth District Elementary SchoolGrades: K-5Distance: 0.3 mi
- 3/10Holmes Middle SchoolGrades: 6-8Distance: 0.4 mi
- 1/10Holmes High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- 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
$322,000
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
$322,000
- Kentucky
- Kenton County
- Covington
- 41014
- 509 Wallace Ave
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