513 E 16th St
Covington, KY 41014
- Studio
- 1,792 sqft
Studio
1,792 sqft
Local Information
© Google
-- mins to
Description
Up for Auction! This income-producing duplex presents an excellent opportunity for both owner-occupants and investors alike. Conveniently located near downtown Covington's restaurants, entertainment, shopping, and commuter routes, this property offers flexibility and strong potential.
The first-floor unit is currently vacant and newly rehabbed, featuring 2 bedrooms, updated finishes, a spacious kitchen, and a dedicated laundry room with washer/dryer hookups. A new furnace has also been installed, making the unit move-in or rent-ready immediately.
The second-floor unit is occupied by a month-to-month tenant paying $930/month, providing immediate rental income. This 1-bedroom unit includes central air conditioning, and the property features separately metered gas and electric utilities.
Whether you're looking to live in one unit while generating rental income from the other, or add a cash-flowing property to your portfolio, this duplex offers a great opportunity in a growing area. Auction ends 6/4/26 at 6PM. 10 percent buyers premium. Must adhere to terms and conditions prior to bidding.
The first-floor unit is currently vacant and newly rehabbed, featuring 2 bedrooms, updated finishes, a spacious kitchen, and a dedicated laundry room with washer/dryer hookups. A new furnace has also been installed, making the unit move-in or rent-ready immediately.
The second-floor unit is occupied by a month-to-month tenant paying $930/month, providing immediate rental income. This 1-bedroom unit includes central air conditioning, and the property features separately metered gas and electric utilities.
Whether you're looking to live in one unit while generating rental income from the other, or add a cash-flowing property to your portfolio, this duplex offers a great opportunity in a growing area. Auction ends 6/4/26 at 6PM. 10 percent buyers premium. Must adhere to terms and conditions prior to bidding.
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$55
Listed
No Info
Home Details for 513 E 16th St
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Interior Details Basement: Partial |
Dimensions and Layout Living Area: 1792 Square Feet |
Appliances & Utilities Appliances: None |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Windows, Doors, Floors & Walls Window: Vinyl Frames |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: Asphalt ShingleFoundation: Stone |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking: On Street |
Water & Sewer Sewer: Public Sewer |
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Days on Market: <1 days on Trulia |
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Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment, Multi Family, DuplexStructure Type: DuplexArchitecture: Duplex |
Building Construction Materials: Aluminum SidingNot a New Construction |
Property Information Condition: Existing StructureParcel Number: 0553121006.00 |
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Price List Price: $99,000Price Per Sqft: $55 |
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MLS Status: Active |
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Direction & Address City: Covington |
School Information Elementary School: Sixth District ElementaryJr High / Middle School: Holmes Middle SchoolHigh School: Holmes Senior HighHigh School District: Covington Indep |
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Listing Agent Listing ID: 642890 |
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Building Area Building Area: 1792 Square Feet |
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Lot Area: 2178 sqft |
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Mobile Home Park Mobile Home Units: Feet |
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Expense Tenant Pays: Gas |
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BasementMls Number: 642890 |
Last check for updates: about 2 hours ago
Listing courtesy of Julia Deck-Russell, (513) 623-0711
Reinvest Consultants, LLC
Source: NKMLS, MLS#642890

Also Listed on NKMLS.
Price History for 513 E 16th St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/23/2026 | $99,000 | Listed For Sale | NKMLS #642890 |
| 03/06/2025 | $850 | ListingRemoved | Zillow Rentals |
| 01/13/2025 | $850 | PriceChange | Zillow Rentals |
| 11/25/2024 | $895 | PriceChange | Zillow Rentals |
| 09/11/2024 | $995 | Listed For Rent | Zillow Rentals |
| 03/29/2024 | ListingRemoved | NKMLS #621475 | |
| 03/25/2024 | $84,900 | Listed For Sale | NKMLS #621475 |
| 08/14/2016 | $34,000 | ListingRemoved | Agent Provided |
| 12/05/2015 | $34,000 | Listed For Sale | Agent Provided |
| 05/04/2008 | $49,000 | ListingRemoved | Agent Provided |
| 02/01/2008 | $49,000 | Listed For Sale | Agent Provided |
| 12/01/2004 | $44,000 | Sold | N/A |
| 05/11/1998 | $32,500 | Sold | N/A |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $460 |
| Assessment | $35,000 |
Home facts updated by county records
Comparable Sales for 513 E 16th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $237,000 | 09/05/25 | 5 | 2 | 2,316 | |
0.30 | Multi-Family Home | $229,400 | 11/03/25 | 2 | 2 | 1,890 | |
0.38 | Multi-Family Home | $265,000 | 06/13/25 | 6 | 2 | 1,708 | |
0.55 | Multi-Family Home | $115,000 | 05/18/26 | - | 1,800 | ||
0.56 | Multi-Family Home | $170,000 | 06/03/25 | 3 | 2 | 1,831 | |
0.46 | Multi-Family Home | $200,000 | 08/29/25 | 2 | 2 | 2,064 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 513 E 16th St.
What Locals Say about Covington
At least 419 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
34 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Julia Deck-Russell, Reinvest Consultants, LLC
Agent Phone: (513) 623-0711

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers.
Listing information is deemed reliable, but not guaranteed.
Copyright 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
Listing information is deemed reliable, but not guaranteed.
Copyright 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
513 E 16th St, Covington, KY 41014 is a studio, 1,792 sqft multi-family. This property is currently available for sale and was listed by NKMLS on May 23, 2026. The MLS # for this home is MLS# 642890.

