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- Description
- Property Details
- Location
- Facts & Features
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Street View
$595,000
Monthly Est:$2,962
-- Bed
-- Bath
4,564sqft
1002-1004 Central Ave, Newport, KY 41071
$595,000
$2,962/moEst:
Get Pre-Approved
Multi Family
Built in 1883
$-- HOA
0.07 acre lot
$130/sq.ft
Description
Fully leased 4-unit multifamily investment opportunity at 1002,1004 Central Avenue in Newport, KY. Attractive unit mix consisting of two 2BR/1BA apartments and two 3BR/1BA apartments. Current scheduled rents total $6,101/month ($73,212 annually). Two of the four units are occupied by long-term tenants, providing established rental history and stability, with further rent upside that can be captured as leases renew.
Both second-floor units are currently configured as 3BR/1BA apartments and each includes additional unfinished space offering further value-add potential. Subject to applicable approvals, this space could potentially be finished to create either a 4BR/1BA or 3BR/2BA configuration in each unit.
Prominent corner location with convenient access to downtown Cincinnati, Newport, major employment centers, dining, entertainment, and interstate access. Larger two- and three-bedroom floor plans provide a desirable rental mix. Existing leases are in place. Rent roll and additional financial information available upon request.
- Houzeo last checked: 14 minutes ago
- Listing updated: August 15, 2026 at 8:22 pm
- Listing Provided by: Michael Smith (859) 962-1711 DRE #264460 | Haven Homes Group (859) 444-0180
- Source: Northern Kentucky Multiple Listing Service | MLS#: 645649
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1883
HOA Fees
-
Finished Area
4,564 sqft
Lot Size
0.07 acre lot
Basement Area
- sqft
MLS Name
Northern Kentucky Multiple Listing Service
MLS Number
645649
MLS Status
Active
Days on Market
59
Cumulative Days on Market
2
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Sewer
Public Sewer
Window Features
Wood Frames
Appliances
Washer/dryer Stacked, Electric Oven, Microwave, Refrigerator
Cooling
None
Heating
Forced Air
Construction
Year Built
Year Built: 1883
Home type
Multi Family
Foundation Details
Block
Construction Materials
Brick
Roof
Membrane
Utilities & Energy
Electric
100 Amp Service
Basement
Full
Laundry Features
In Unit
Parking Features
On Street
Utilities
Cable Available
Water Source
Public
Other Features
Tenant Pays
Electricity, Gas
Lot Features
Corner Lot, Near Public Transit
Price History
| Date | Event | Price |
|---|---|---|
08/13/2026 Source: | Listed for Sale | $595,000 $130/sqft |
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Based on information from the Northern Kentucky Multiple Listing Service, Inc. through Oct 11, 2026, 09:30AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Northern Kentucky Multiple Listing Service, Inc. All Rights Reserved.
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