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

$320,700

Trulia Estimate
  • 5 Beds
  • 3 Baths
  • 2,730 sqft

3 Wallace Ave, Covington, KY 41014

Refinance Your Home
Currently Off Market - Sold Dec 8, 2022 for $274,900

Home Value

Trulia Estimate
$321K
Since last month
Decreased$800 (-0.3%)
Since last year
Decreased$4K (-1.1%)
Since last sale
Increased$42K (+15.1%)
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 +272% in the last 10 years
MonthEstimated value
2026
November 2026$316K
October 2026$320K
September 2026$317K
August 2026$321K
July 2026$320K
June 2026$327K
May 2026$326K
April 2026$322K
March 2026$318K
February 2026$314K
January 2026$304K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
2207 Scott Blvd, Covington, KY
0.07
Multi-Family Home
$326,000
06/04/26
4
3
2,220
2010 Howell St, Covington, KY
0.30
Multi-Family Home
$295,000
04/17/26
4
2
2,490
2016 Greenup St, Covington, KY
0.18
Multi-Family Home
$280,000
02/27/26
2
2
2,068
1909 Greenup St, Covington, KY
0.22
Multi-Family Home
$145,000
03/17/26
3
2
2,060
2045 Garrard St, Covington, KY
0.22
Multi-Family Home
$149,000
10/29/26
3
2
2,000
2041 Franklin St, Covington, KY
0.11
Multi-Family Home
$445,000
08/19/26
6
5
3,136
1923 Greenup St, Covington, KY
0.19
Multi-Family Home
$330,000
02/04/26
7
4
5,628
603 Highland Pike, Covington, KY
0.51
Multi-Family Home
$222,500
02/27/26
3
2
1,710
1946 Eastern Ave, Covington, KY
0.40
Multi-Family Home
$335,000
10/16/26
2
2
2,856
417 W 19th St, Covington, KY
0.39
Multi-Family Home
$260,000
08/31/26
3
2
1,202

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
3 Wallace Ave #3, Covington, KY 41014
0.00
-
1
1
600
Off Market
3 Wallace Ave #1, Covington, KY 41014
0.00
$275,100
2
1
-
Off Market
3 Wallace Ave #2, Covington, KY 41014
0.00
-
2
1
1,100
Off Market
Address Not Disclosed, Covington, KY 41014
0.00
-
3
3
3,650
Off Market
5 Wallace Ave #&-7, Covington, KY 41014
0.01
-
-
-
-
Off Market
7 Wallace Ave #2, Covington, KY 41014
0.01
-
2
2
810
Off Market
7 Wallace Ave #1, Covington, KY 41014
0.01
-
2
2
810
Off Market
2214 Madison Ave, Covington, KY 41014
0.01
-
Studio
-
2,352
Off Market
1307 Banklick St, Covington, KY 41014
0.02
$215,500
5
3
2,750
Off Market
3795 Travertine Ct, Covington, KY 41014
0.02
$224,000
2
2
1,213
Off Market
901 Treeline Dr, Covington, KY 41014
0.02
$415,500
3
3
2,500
Off Market
909 Treeline Dr, Fort Wright, KY 41017
0.02
$413,900
3
2.5
2,188
Off Market
905 Treeline Dr, Covington, KY 41014
0.02
-
3
-
-
Off Market
913 Treeline Dr, Covington, KY 41014
0.02
$403,600
3
2.5
2,426
Off Market
917 Treeline Dr, Covington, KY 41014
0.02
$437,700
3
2.5
2,426
Off Market
4703 Church Taylor, Covington, KY 41014
0.02
-
-
-
-
Off Market
329 2oth St, Covington, KY 41014
0.02
-
-
-
-
Off Market
2203 Acenter St, Covington, KY 41014
0.02
$266,200
3
2.5
1,800
Off Market
9 Wallace Ave, Covington, KY 41014
0.02
$271,000
4
3
2,755
Off Market
9 Wallace Ave #2, Covington, KY 41014
0.02
$131,200
1
1
585
Off Market

Local Information

  • Map ViewExplore the area around 3 Wallace Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1899
2,730 sqft
$117/sqft

About this House

Great investment opportunity in coveted Wallace Woods neighborhood. Units 1 and 2 recently remodeled. Fully rented at $650, $850 and $850. The 2 bedroom units have leases until February and the 1 bedroom is month to month. Spacious units rented below market (could be substantially higher). All separate gas/electric! Owner pays water/sewer.
3 Wallace Ave, Covington, KY 41014 is a 5 bedroom, 3 bathroom, 2,730 sqft multi-family built in 1899. It last sold for $274,900 on Dec 8, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $320,700, with a rent estimate of $1,366/month.

Home Details for 3 Wallace Ave

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2
Appliances & Utilities
Refrigerator

Property Information

Year Built
Year Built: 1899
Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
Exterior: BrickFoundation Type: Stone
Parking & Garage
Parking: None

Community

Units in Building: 3

Lot Information

Lot Area: 2178 sqft

Price and Tax history

DateEventPrice
Dec 8, 2022
Source: N/A
Sold
$274,900
Nov 2, 2022
Source: NKMLS #609197
Pending
$274,900
Oct 26, 2022
Source: NKMLS #605293
ListingRemoved
Sep 7, 2022
Source: NKMLS #605293
PendingToActive
$274,900
Aug 26, 2022
Source: NKMLS #605293
Pending
$274,900

Market trends in Covington

Last updated October 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$212K
$12.92KMoM
Sale-to-List Price
99.5%
0.2%MoM
Price per sq ft
$168
$1MoM
Available listings
186
5MoM
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

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 3 Wallace Ave

  • What is 3 Wallace Ave estimated to be worth?
    Trulia's estimated value for 3 Wallace Ave in Covington, KY is $320,700.
  • What is the price history for 3 Wallace Ave?
    3 Wallace Ave in Covington, KY last sold for $274,900 in December 2022.
  • 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 $212K. That is down $12.92K from the prior month.
  • Does 3 Wallace Ave have air conditioning?
    Yes, 3 Wallace Ave in Covington, KY has air conditioning.

Explore by feature - Pet Friendly

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