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501 Johnson Street, Covington, KY 41011

MLS# 639499 Active Price Drop Source MLS Verified

$675,000

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3 Beds
4 Baths
3,186 Sq Ft
meeting_room
6 Total Rooms
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1860 Year Built
grass
0.05 Acres
paid
$212 Per Sq Ft
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No Has HOA

About This Home

Exceptional renovated triplex in the heart of Covington, KY--just steps from Cincinnati and Main Strasse Village. Zoned mixed use, this offering includes the adjacent vacant lot, creating a rare opportunity for expansion, additional parking, or future development (buyer to verify). Located one block from the highly anticipated Covington Central Riverfront redevelopment, the property is positioned near future restaurants, retail, housing, and office space, offering strong long-term appreciation potential. Originally built in 1860, this historic property seamlessly blends timeless character with modern updates throughout. The building features three well-appointed units: two 1-bedroom, 1-bath units and one 1-bedroom, 1.5-bath unit, an ideal configuration for tenants, investors, or owner-occupants. Each unit has been thoughtfully renovated to meet today's standards while preserving the charm of the era. The walkable location provides easy access to downtown Covington, Main Strasse Village, Cincinnati's Central Business District, dining, entertainment, and riverfront amenities. Plenty of off street parking for 6 cars in the back parking lot and driveway in front that holds 3 cars. Whether you're an investor seeking a turnkey multifamily in a high-growth area or an owner-occupant looking for flexibility and future development potential, this property delivers history, location, income potential, and additional land in one of Northern Kentucky's most desirable urban corridors.

Facts & Features

home Property Details

Home Type MultiFamily
Sub Type Multi Family
Year Built 1860 (166 yrs)
Construction Brick
Roof Membrane
Foundation Stone

landscape Lot Information

Lot Size 0.05 Acres
Lot Sq Ft 2,250 sq ft
Dimensions 25 x 90

garage Parking & Garage

Garage Spaces 0
Parking Features On Street, No Garage, Off Street

chair Interior Features

Appliances Dishwasher, Microwave, Refrigerator, Washer/Dryer Stacked, Stainless Steel Appliance(s), Electric Oven, Electric Cooktop

thermostat Heating & Cooling

Heating Forced Air
Cooling Central Air

electrical_services Utilities

Water Public
Sewer Public Sewer
Utilities Natural Gas Available

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_on Location

Address 501 Johnson Street, Covington, KY 41011
County Kenton

Property History

Date Event Price
01/27/2026 sell Listed for Sale $675,000
02/27/2026 trending_down Price Change $690,000 → $675,000   ↓ $15,000 (2.17%)
04/06/2026 schedule 69 Days on Market $675,000

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