634 Greenup St, Covington, KY 41011

Description

Investor opportunity in the heart of Covington! This fully occupied 5-unit historic multifamily at 634 Greenup Street delivers approximately $70,000 in annual gross rents with leases in place. Located in a walkable Downtown Covington neighborhood just minutes from downtown Cincinnati, the building sits near dining, coffee shops, arts venues, and urban amenities that support strong tenant demand. The striking Victorian exterior features a distinctive conical turret, restored siding, brick lower level, and original architectural details. Inside, the five one-bedroom units showcase classic character with hardwood floors, original woodwork and doors, stained-glass transoms and windows, and high ceilings in many rooms. Kitchens include wood cabinetry and functional layouts; bathrooms retain period tile work alongside practical updates. Recent building improvements include a 2019 boiler, 2024 water heater, and 2021 exterior restoration. Electric is separately metered (tenant pays); owner covers water and heat. With consistent occupancy, solid location fundamentals, and the lasting appeal of a well-located historic building, this property presents a turnkey income opportunity with potential for future rent growth. Financials available upon request. 24-hour notice required for showings.