16 Wallace Ave, Covington, KY 41014
Property image
Property image
OFF MARKET

$423,500

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,393 sqft

16 Wallace Ave, Covington, KY 41014

Est. Refi. Payment $2,721/mo*
Refinance Your Home
Currently Off Market - Sold Jul 11, 2014 for $280,000

Home Value

Trulia Estimate
$424K
Since last month
Decreased$34K (-7.4%)
Since last year
Decreased$62K (-12.7%)
Since last sale
Increased$144K (+51.3%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +248% in the last 10 years
MonthEstimated value
2026
October 2026$424K
September 2026$458K
August 2026$440K
July 2026$455K
June 2026$482K
May 2026$457K
April 2026$481K
March 2026$493K
February 2026$445K
January 2026$450K
2025
2024
2023
2022
2020

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2225 Madison Ave, Covington, KY
0.08
Multi-Family Home
$270,000
11/14/25
2
2
1,998
2016 Greenup St, Covington, KY
0.15
Multi-Family Home
$280,000
02/27/26
2
2
2,068
1913 Denver St, Covington, KY
0.28
Multi-Family Home
$229,400
11/03/25
2
2
1,890
1701-5 Greenup St, Covington, KY
0.35
Multi-Family Home
$225,000
11/26/25
3
2
1,505
2207 Scott Blvd, Covington, KY
0.07
Multi-Family Home
$326,000
06/04/26
4
3
2,220
417 W 19th St, Covington, KY
0.41
Multi-Family Home
$260,000
08/31/26
3
2
1,202
1706 Eastern Ave, Covington, KY
0.51
Multi-Family Home
$230,000
06/16/26
2
2
1,662
1909 Greenup St, Covington, KY
0.18
Multi-Family Home
$145,000
03/17/26
3
2
2,060
1946 Eastern Ave, Covington, KY
0.37
Multi-Family Home
$335,000
10/16/26
2
2
2,856
157 W 19th St, Covington, KY
0.25
Multi-Family Home
$149,320
10/29/25
3
2
2,016

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
16 Wallace Ave #B, Covington, KY 41014
0.00
-
2
1
1,000
Off Market
16 Wallace Ave #A, Covington, KY 41014
0.00
-
2
1
1,000
Off Market
16 Wallace Ave #C, Covington, KY 41014
0.00
-
2
1
1,100
Off Market
16 Wallace Ave #D, Covington, KY 41014
0.00
-
Studio
1
480
Off Market
14 Wallace Ave, Covington, KY 41014
0.01
$239,800
4
2
1,600
Off Market
18 Wallace Ave, Covington, KY 41014
0.01
-
-
-
-
Off Market
18 Wallace Ave #2, Covington, KY 41014
0.01
-
2
1
-
Off Market
20 Wallace Ave #3, Covington, KY 41014
0.01
-
1
1
740
Off Market
2029 Pearl St, Covington, KY 41014
0.02
-
Studio
-
-
Off Market
500-518 Wallace Ave #512/15, Covington, KY 41014
0.02
-
-
-
-
Off Market
500-518 Wallace Ave #518/01, Covington, KY 41014
0.02
-
1
1
600
Off Market
500-518 Wallace Ave #500/03, Covington, KY 41014
0.02
-
3
2
800
Off Market
2046-48 Madison Ave, Covington, KY 41014
0.02
$793,700
Studio
-
12,500
Off Market
15 Wallace Ave, Covington, KY 41014
0.02
$306,800
4
2
7,410
Off Market
2 Wallace Ave #10, Covington, KY 41014
0.02
-
2
1
600
Off Market
7 Wallace Ave #2, Covington, KY 41014
0.03
-
2
2
810
Off Market
7 Wallace Ave #1, Covington, KY 41014
0.03
-
2
2
810
Off Market
5 Wallace Ave #&-7, Covington, KY 41014
0.03
-
-
-
-
Off Market
2026 Pearl St, Covington, KY 41014
0.03
-
-
-
-
Off Market
3 Wallace Ave #2, Covington, KY 41014
0.03
-
2
1
1,100
Off Market

Local Information

  • Map ViewExplore the area around 16 Wallace Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
1,393 sqft
$304/sqft

About this House

16 Wallace Avenue is located in central Covington and is less than 10 minutes to I75, I71 or I-275.The 1,042 sq. feet interior space has large rooms including 2 bedrooms, 1 bath, entry hall, formal living room, formal dining room and kitchen. There is also 351 sq. feet of private exterior space including a 29' by 8' front porch and a back deck measuring 14' by 8 ' with a Cincinnati view. All original details have been retained including a Rookwood fireplace with walnut mantel, pocket doors, wood-beamed ceilings and walls accents, hardwood floors with corner French knots, ceramic tile in bath and kitchen with a built-in china cabinet in the kitchen. There four Hunter ceiling fans in the apartment, granite countertops in bath and kitchen. and stainless steel side-by-side refrigerator with ice/water dispenser, range, microwave and dishwasher. All appliances are 2 years old and unit also has a garbage disposal. Rent is $925 per month and resident pays an additional $50 per month for unit heat, water, sewer, and trash. Resident pays the electric and cable for their apartment and, the average monthly electric bill for the apartment is $48 per month. Discount rent is available for multi-year lease.For the residents' convenience, the building has a large capacity, HE coin-operated washer and dryer in the basement laundry room, which also contains room for bicycle/stroller storage. There is an additional basement area available for storage at no cost. Parking is on-street but, always available. A Building Manager is on site 3-4 days per week and responds promptly to any repairs that may be needed. Deposit is one month's rent and pet deposit is $500. All deposits are refunded immediately at move-out inspection except if the unit has damage other than normal wear and tear. Background checks and references are required of all residents and previous landlord will be contacted.If you have questions, please email and I'll reply quickly. Thank you.
16 Wallace Ave, Covington, KY 41014 is a 2 bedroom, 1 bathroom, 1,393 sqft multi-family. It last sold for $280,000 on Jul 11, 2014. More recently, it was listed as a rental in April 2014 with an asking price of $880 per month. That rental listing was removed on April 28, 2014. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $423,500, with a rent estimate of $1,086/month.

Home Details for 16 Wallace Ave

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Floors: Hardwood

Property Information

Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
DeckPatio

Price and Tax history

DateEventPrice
Jul 11, 2014
Source: N/A
Sold
$280,000
Apr 28, 2014
Source: Agent Provided
ListingRemoved
$880
Apr 5, 2014
Source: Agent Provided
Listed For Rent
$880

Market trends in Covington

Last updated September 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$227K
$3.4KMoM
Sale-to-List Price
99.3%
0.4%MoM
Price per sq ft
$169
$1MoM
Available listings
191
16MoM
Sourced by Trulia Market Trends

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Covington

This October

Trick-or-Treat Score

Built from what locals say about this neighborhood.
  • 88% say there are sidewalks
  • 66% say there's holiday spirit
  • 55% say neighbors are friendly
Trulia Trick or TreatStart Ghost Hunt
At least 422 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 87 % Say it's dog friendly

  • 73 % Say car is needed

  • 72 % Say yards are well-kept

  • 66 % Say there's holiday spirit

  • 65 % Say parking is easy

  • 63 % Say kids play outside

  • 58 % Say streets are well-lit

  • 55 % Say neighbors are friendly

  • 53 % Say it's walkable to restaurants

  • 52 % Say people would walk alone at night

  • 52 % Say there's wildlife

  • 50 % Say it's walkable to grocery stores

  • 48 % Say they plan to stay for at least 5 years

  • 37 % Say it's quiet

  • 35 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Khnf6nyf29
    "Dogs are walked, both on sidewalks and alley ways. Done barking dogs in neighborhood and a few coyotes. "
    0
    Flag
  • Drew Woll
    "Close to almost anything in the Cincinnati area. If commute is a top priority this is the cheapest location with the shortest commute. I work 30 mins up north in Springdale which is a 25 mile drive. In 30 mins I could probably make it down to Williamstown, KY. South of MLK Street can be a bit unsafe just fyi."
    0
    Flag
  • Reeds-fuzzier.0l
    "Nice area, very quiet, packages are safe outside.. however not a very minority friendly area. I've lived here for years, neighbors only began to speak/ look me in the face once they seen I had gotten a puppy. "
    0
    Flag
  • Keli Simpson
    "The schools are not the greatest. The sixth district school has been completely remodeled and has air conditioning. There is an FC sponsored soccer pitch close,"
    0
    Flag
  • Htibtani
    "I moved in Covington on year 2000 Started my business and purchase home raised my kids and I’m still here, I love my Covington."
    0
    Flag
  • Asiago Lattimore
    "Probably the traffic sometimes lack of green space. There’s only 1 dog park and it’s near the northern west part of the city. "
    2
    Flag
  • Trulia User
    "It’s safe to live in Kentucky. I enjoy that everything is around me and we have great parks to go to "
    2
    Flag
  • Leanna
    "There's a new dog park right across from Larry's -great vibe neighborhood bar with food! The small dog community is starting to form and it's fun to run into your community friends out and about."
    0
    Flag
  • Leanna
    "There's a new dog park that's becoming a great place to meet people and getting to know your neighbors."
    1
    Flag
  • Trulia User
    "Yes it is very important for them to know everything about it they will know everything about it yes "
    1
    Flag
  • Trulia User
    "I love Latonia I’ve lived here for 47 years Latonia is our home for my daughter and I We love the area I still run in to people I went to kindergarten with A lot is in walking distance "
    0
    Flag
  • Trulia User
    "My mom lives here I visit her very frequently it’s not the nicest place since it’s a low income place people take advantage "
    0
    Flag
  • Trulia User
    "Not much space for pets house are on hills, the streets are horrible and it’s a pain to get around in the winter season "
    2
    Flag
  • Tim
    "LOVE IT I don’t have a dog. We have a pet rabbit, but all that does is make all the neighborhood dogs be quite affectionate. I think at least 75% of residence own a dog. 90% have a pet of some type"
    0
    Flag
  • Marsha B.
    "We have the licking river historic community. Neighborly condo association., farmers market for the community. "
    0
    Flag
  • Kelsie L.
    "There is few grassy spots on walks and the yard space is pretty limited in most areas in town. Great dogs parks nearby as well as devou park for hikes. "
    0
    Flag
  • Jdt.714
    "Some areas are okay, many are sketchy. Not an area to walk alone at night. Petty crime is common. Many folks won’t clean up after their pets."
    22
    Flag
  • Dena H.
    "Oktoberfest Maifest Dog costume parade. There used to be a festival every month during the summer and fall "
    0
    Flag
  • Jmsmith1990
    "trustworthy group of individuals, left packages on our doorstep and none have disappeared. I have borrowed from neighbors and all have been very generous"
    0
    Flag
  • Orlando W.
    "The neighborhood is a dog friendly area and people are very friendly. I like the area for that reason as well. When my grand babies come over I feel safe with them playing out side."
    0
    Flag
  • Skloeker01
    "Schools are improving and there is a general sense of community that has developed strongly over the last 8 to 10 years."
    0
    Flag
  • Debra H.
    "there are 4 buses that I can take to get downtown so if I miss one there are 3 others I can take. it gets me where I need to go"
    6
    Flag
  • Alicia H.
    "Alot of events in the main Strauss area threw out the year. It's known as a German town. Food pubs year around. then festivals Mardi gras ect. It's a beautiful city. any day of the year just for a walk by the river for the view "
    12
    Flag
  • Aaron.henderson33
    "My neighborhood has a great community feel. It’s safe and convenient but still secluded enough to feel private"
    0
    Flag
  • Charles H.
    "All kinds of events put on by the Mainstrasse council during the holidays. Halloween costume contest and animal parades, tree lightings etc"
    0
    Flag
  • Donna
    "Street parties in main Strauss are always fun and family friendly. We’re also close to other towns who throw events. "
    1
    Flag
  • Shelli.rowland
    "I’ve lived here for 10 yrs. we live in the oldest settlement in Covington. The neighbors are kind and we have a great walking neighborhood. "
    15
    Flag
  • TJ
    "It’s been very enjoyable. The neighborhood is quiet and the area is well kept. I have been here for a year and so far so good."
    12
    Flag
  • Lacie H.
    "It’s home to me! I’ve grown up here. The community sticks together, we are one big family. I’m safe here. Positive out-ways the negative."
    2
    Flag
  • Jessezetko
    "great access to TANK services, bus stop around every corner. Uber and Lyft is everywhere for people who can't or don't drive. Not any bad traffic besides when there are crashes on Madison."
    6
    Flag
  • Dan M.
    "A quick and easy access to 75, 71, 74, and 275. The perfect in between location! Downtown is only an 8 minute drive. Uber and Lyft rides downtown are on average about $12. "
    0
    Flag
  • Rob B.
    "There are lots of families moving into the city and the parks and restaurants are wonderful. The city is actively working to improve life for the city’s residents. "
    0
    Flag
  • Daisy W.
    "German heritage, gentrification, goetta fest, may fest, Madison theater, garden tours, biking and walking to work!"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 16 Wallace Ave

  • What is 16 Wallace Ave estimated to be worth?
    Trulia's estimated value for 16 Wallace Ave in Covington, KY is $423,500.
  • What is the price history for 16 Wallace Ave?
    16 Wallace Ave in Covington, KY last sold for $280,000 in July 2014.
  • Is Covington a buyer's or seller's market?
    Covington is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Covington?
    The median sale price in Covington is $227K. That is down $3.4K from the prior month.

Explore by feature - Pet Friendly

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Apartments for Rent

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Off Market Homes Near 16 Wallace Ave

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