406 E 38th Street Covington, KY ^$ 199,000

406 E 38th Street

^$ 199,000

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Open House 1/31 12pm - 2pm

406 E 38th Street

Covington, KY, 41015

^$ 199,000

Bedrooms3 Baths2.0 Sq 1,600

Monthly Estimate*

^$ 1,225

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Multi-Family Home for sale in Covington, KY

for $199,000 with 3 bedrooms and 2 full baths. This 1,600 square foot home was built in 1949 on a lot size of 0.26.

Turnkey Duplex Opportunity Discover the perfect addition to your portfolio. This duplex offers a rare blend of suburban tranquility and immediate urban access. Tucked away on a quiet lot, this property features two move-in-ready units: a spacious 2BR/1BA and a cozy 1BR/1BA. Truly Turnkey: Freshly painted and professionally cleaned, ready for immediate occupancy and cash flow. The Location: Enjoy a peaceful setting just minutes from I-75/I-71, and the vibrant Cincinnati skyline. Designated parking!!! A high-demand amenity that significantly boosts tenant retention and rental value. Perfect for owner-occupants! This property may qualify for Down payment assistance through KHC (Kentucky Housing Corporation) programs. Whether you're looking to build your real estate empire or live in one unit while the other pays your mortgage, this is the opportunity you've been waiting for. Schedule your showing today!

Open House

1/31/2026 12:00 PM - 2:00 PM

406 E 38th Street Covington, KY

* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

^$ 199,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Multi Family

Lot Size

0.26

Year Built

1949

Town/City

Covington

County/Region

Kenton

MLS | Web ID

639506

Features

General

Living Area 1600.0

Sewer Public Sewer

Heating Forced Air Hot Water Natural Gas

Cooling Window Unit(s)

Utilities Natural Gas Available Water Available

Roof Shingle

Garage Spaces 0.0

Construction Materials Brick

Full Baths 2

Half Baths 0

Year Built 1949

Tenant Pays Electricity Gas

Levels Two

Property Subtype Multi Family

County Kenton

New Construction No

Property Type D

Attached Garage No

Status Active

Directions West Southern to right on Glenn Avenue left on East 38th. Property is on left drive back paved driveway to flag lot. Two off street parking spaces.

High School Holmes Senior High

City Covington

School District Covington Indep

Zoning Description Residential

Number Of Units Total 2

MLS Area K01 - Covington North

Lot Size Units Acres

Lot Size Square Feet 11326.0

Elementary School Latonia Elementary

Middle/Junior High School Holmes Middle School

MLS Area Minor K01 - Covington North

Structure Type Duplex

Standard Status Active

Interior

Basement Full

Kitchen Appliances Gas Range Refrigerator

Air Conditioning Y/N Yes

Heating Y/N Yes

Window Features Vinyl Frames

Fireplace Y/N No

Total Bathrooms 2.0

Total Baths 2

Total Bedrooms 3

Exterior

Parking Features Assigned

Water Source Public

Total Parking 2.0

Lot Size Area 0.26

Foundation Details Stone

Lot Dimensions of record

Lot Size Acres 0.26

Land Lease Type Fee

* Excluded Features

List By

Keller Williams Realty Services

Broker

cami.diodonet@kw.com

Affordability Calculator

$1,225

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Monthly Principal & Interest: $1,225
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Trends
Schools

Multi-family listings in Covington, KY

Average List Price ^$374,720

Percent of Sale Price 88%

About Covington, KY

41,769 Population

-4% Since 2002

^$40,250 Median Income

37.49 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3163905 Elementary School

3163344 Middle School

Holmes Senior High High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/27/2026	$199,000		Listed Price

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406 E 38th Street, Covington, KY, 41015 is a Multi-Family Home for sale at $199,000 with 1,600 sqft and a lot size of 0.26. 406 E 38th Street has 3 bedrooms, 2.0 baths, and was built in 1949. The property's zip code is 41015 which is in Covington, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Northern KY Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northern KY Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/28/2026.

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406 E 38th Street

Multi-Family Home for sale in Covington, KY

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