121 E Martin Luther King Jr. Boulevard Covington, KY 41011
5 Beds
2 Baths
2,136 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,136 sqft
Price per Sqft $220
MLS Listing ID 647653
Bedrooms 5
Full Baths 2
Property Sub-Type Multi Family
Property Description
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.
Location
State KY
County Kenton
Rooms
Basement Partial
Interior
Interior Features Storage, Kitchen Island, High Speed Internet, Eat-in Kitchen, Master Downstairs
Heating Natural Gas, Forced Air
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Decorative
Laundry In Unit
Exterior
Parking Features On Street
Fence Partial
Utilities Available Cable Available, Natural Gas Available, Sewer Available, Water Available
View Y/N N
Roof Type Membrane,Shingle
Building
Story Two
Foundation Stone
Sewer Public Sewer
Level or Stories Two
New Construction No
Schools
Elementary Schools John G. Carlisle Elementary
Middle Schools Holmes Middle School
High Schools Holmes Senior High
Others
Special Listing Condition Standard
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Brokerage License ID: 2019003846