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121 E Martin Luther King Jr. Boulevard, Covington, KY 41011

MLS# 647653 Active Source MLS Verified

$470,000

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5 Beds
2 Baths
2,136 Sq Ft
meeting_room
8 Total Rooms
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N/A Year Built
grass
— Acres
paid
$220 Per Sq Ft
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No Has HOA

About This Home

Fully renovated, fully furnished duplex PLUS a second attached lot -- currently earning $48,700/year as a proven mid-term Airbnb and furnished rental, steps from downtown Covington and one mile from downtown Cincinnati. Live in one unit while the other pays your mortgage, or step into a turnkey rental business on day one. Potential for additional income with short term dynamic pricing strategy. 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.

Facts & Features

home Property Details

Home Type MultiFamily
Sub Type Multi Family
Construction Vinyl Siding
Roof Membrane, Shingle
Foundation Stone

garage Parking & Garage

Garage Spaces 0
Parking Features On Street

chair Interior Features

Appliances Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range
Other Interior Features Eat-in Kitchen, High Speed Internet, Kitchen Island, Storage

thermostat Heating & Cooling

Heating Forced Air, Natural Gas
Cooling Central Air

electrical_services Utilities

Water Public
Sewer Public Sewer
Utilities Cable Available, Natural Gas Available, Water Available, Sewer Available

deck Exterior & Outdoor

Fencing Partial

school Schools

Elementary John G. Carlisle Elementary
Middle Holmes Middle School
High School Holmes Senior High
District Covington Indep

Estimated Monthly Payment

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Location

Address 121 E Martin Luther King Jr. Boulevard, Covington, KY 41011
County Kenton

Property History

Date Event Price
10/17/2026 sell Listed for Sale $470,000
10/17/2026 schedule Listed Today $470,000

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