138-142 W. Pike St. Covington, KY $ 875,000
138-142 W. Pike St.
$ 875,000
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138-142 W. Pike St.

Covington, KY, 41011
$ 875,000
Bedrooms4 Baths3.2 Sq 6,000

Monthly Estimate*

$ 5,459

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Multi-Family Home for sale in Covington, KY

for $875,000 with 4 bedrooms and 3 full baths, 2 half baths. This 6,000 square foot home was built on a lot size of 0.07.

This historic mixed-use building offers the perfect combination of charm, income, and location. Currently fully leased, the trophy property is an excellent opportunity for commercial investors or work/live entrepreneurs. From W. Pike St., the 3,000+ sq ft. main level features two storefront entrances, shared by three local businesses. From Russell St., residential tenants enjoy two private parking garages and the entrance to their 2nd-level condo with over 3,000 sq ft of living space, including four bedrooms and three full baths. From either street, you're just steps away from Covington's main attractions including Hotel Covington, Braxton Brewery, and Mainstresse Village! This beautiful historic Covington building has been previously approved for short term rental license (Airbnb, VRBO, etc.) and receives great foot traffic and visibility with over 7,500 cars passing by each day! A great investment opportunity awaits at this low-maintenance, cash-flowing property.

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Multi-Family Active

Price

$ 875,000

Bedrooms

4

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Multi Family

Lot Size

0.07

Town/City

Covington

County/Region

Kenton

MLS | Web ID

636482

Features
General
Living Area 6000.0
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Utilities Sewer Available Cable Available Water Available
Roof Other
Garage Spaces 2.0
Security Features Smoke Detector(s)
Construction Materials Brick
Full Baths 3
Half Baths 2
Electric 200+ Amp Service 440 Volts
Tenant Pays Electricity Heat Gas
View City
Levels Two
Property Subtype Multi Family
Gross Income 84900.0
Accessibility None
County Kenton
Net Operating Income 55232.0
Insurance Expense 11316.0
New Construction No
Property Type D
Attached Garage No
Status Active
Directions At the corner of Pike & Russell in Covington KY.t
High School Holmes Senior High
City Covington
School District Covington Indep
Zoning Description Multi Family
Number Of Units Total 4
MLS Area K01 - Covington North
Lot Size Units Square Feet
Lot Size Square Feet 3184.0
Elementary School John G. Carlisle Elementary
Middle/Junior High School Holmes Middle School
Property Condition Existing Structure
Trash Expense 226.0
Water Sewer Expense 5580.0
MLS Area Minor K01 - Covington North
Living Area Units Square Feet
Standard Status Active
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Interior
Interior Amenities Walk-In Closet(s) Storage Pantry Pocket Door(s) Open Floorplan Granite Counters
Basement Partial
Kitchen Appliances Dishwasher Washer/Dryer Stacked Stainless Steel Appliance(s) Convection Oven Microwave Electric Range Refrigerator
Total Fireplaces 0
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Vinyl Frames
Fireplace Y/N No
Total Bathrooms 5.0
Laundry Features In Unit
Total Baths 5
Total Bedrooms 4
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Exterior
Parking Features Garage Private
Lot Features Corner Lot
Water Source Public
Total Parking 2.0
Lot Size Area 3184.0
Foundation Details Concrete Perimeter
Lot Dimensions 58.66x72
Lot Size Acres 0.07
Land Lease Type Fee
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* Excluded Features
List By
Comey & Shepherd Realtors

Broker

hrunion@comey.com

Email

Affordability Calculator

$5,459
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Monthly Principal & Interest
$5,459
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3163856 Elementary School
3163344 Middle School
Holmes Senior High High School
Pricing History
DatePricePrice ChangeDescription
12/6/2025$875,000 -4.37% Price Down
9/21/2025$915,000 Listed Price

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138-142 W. Pike St., Covington, KY, 41011 is a Multi-Family Home for sale at $875,000 with 6,000 sqft and a lot size of 0.07. 138-142 W. Pike St. has 4 bedrooms and 3.2 baths. The property's zip code is 41011 which is in Covington, KY