2041 Franklin StreetCovington, KY 41014

2041 Franklin StreetCovington, KY 41014

1/1 Fullscreen
$440,000
Multi Unit - Multiple MLS 644719 Pending
6 beds 4 full baths 2 partial baths 3,136 sqft

Listed By

Agency Name: RE/MAX Preferred Group
Agency Phone: 513-533-4111

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Rare opportunity to own a townhome-style, side-by-side duplex built in 1996--newer than many Northern Kentucky multi-family properties--with private decks overlooking Holmes High Schools brand-new softball stadium! Perfect for owner-occupants looking to offset their mortgage with rental income or investors seeking a well-maintained property with long-term upside. Each spacious 3-story unit offers approximately 1,568 sq. ft., 3 bedrooms, 2 full baths, 1 half bath, a gas fireplace, attached 2-car garage, private entrances, private deck, in-unit laundry, separately metered gas, electric & water, and separate HVAC systems. Additional driveway and street parking provide added convenience. Built with a low-maintenance brick and vinyl exterior, this meticulously maintained property features major updates including roof (2019), HVAC systems (2019), R-60 attic insulation, newer appliances (approx. 2-3 years), and carpet (approx. 2 years). One unit is vacant and move-in ready, while the occupied unit has been leased to an excellent long-term tenant for approximately six years. Current rent is intentionally below todays market, creating an outstanding opportunity for future income growth. Enjoy your morning coffee overlooking the ballfield, then spend your evenings taking in spectacular views of Cincinnatis annual WEBN Fireworks from your private deck. Properties offering this combination of size, condition, flexibility, location, and unforgettable views rarely become available. No HOA! Conveniently located just minutes from Downtown Cincinnati, Covington, Newport, shopping, dining, entertainment, and major interstates. Dont miss this exceptional opportunity!

2041 Franklin Street | MLS# 644719

This multi-family property located at 2041 Franklin Street, Covington, KY 41014 is currently listed for sale with an asking price of $440,000. Franklin Street is located within the Covington Indep school district. Search Covington real estate on 3050bronzeroadnw.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 10
Garage: 4 car attached
Heating: Natural Gas, Forced Air
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 3.0
Year Built: 1996

Feature Descriptions

Appliances: Electric Range, Electric Oven, Electric Cooktop, Dishwasher, Refrigerator
Exterior: Balcony
Exterior: Brick, Vinyl Siding
Fireplace: Ceramic, Gas
Fireplace Y/N: Yes
Foundation: Poured Concrete
Interior: Storage, Pantry, Open Floorplan, High Speed Internet, Eat-in Kitchen, Chandelier
Laundry: In Unit
Lot: Wooded
Lot Dimensions: .1312
Parcel Number: 055-21-01-114.00
Parking: Lighted, Attached, Driveway, Garage, Garage Faces Front, On Street
Patio/Porch: Deck
Property Condition: Existing Structure
Security: Smoke Detector(s)
Sewer: Public Sewer
Special View Info: City
Structure Type: Duplex
Sub Type: Multi Family
Tenant Pays: Electricity, Gas, Heat, Sewer, Water
Units: 2
Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Window: Insulated Windows, Double Hung, Picture Window(s), Wood Frames
Wooded: Yes

Local Schools

High School: Holmes Senior High
Middle School: Holmes Middle School
Elementary School: Glenn O. Swing Elementary
School District: Covington Indep

Demographics

Kenton County Demographic Information for 2041 Franklin Street, Covington, KY 41014
Fips
Fips Code 21117
Population
2020 to 2025 Change up 4.0%
2010 Count 159,720
2020 Count 169,064
2025 Estimate (V2025) 175,779
2020 Estimate (V2025) 169,042
Age Distribution (Years Old)
0 to 4 5.6%
5 to 17 22.6%
18 to 64 55.0%
65 and Older 16.8%
Gender
Male 49.8%
Female 50.2%
Place of Birth
Foreign 4.1%
US 95.9%
Education
High School Graduate, Age 25+ 92.9%
Bachelor's Degree or Higher, Age 25+ 37.4%
Computer and Internet use
Households with a computer 95.8%
Households with a broadband Internet subscription 92.0%
Language
English is Second Language, Age 5+ 5.5%
English is First Language, Age 5+ 94.5%
Veterans
Veterans 7,465
Income
Per Capita Income $43,733
Median Household Income $80,548
People in Poverty 9.8%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 73,256
Households 67,367
Average Household Size 2.52
Owner-Occupied 70.7%
Multi-Family 26.0%
Owner-Occupied Median Value $244,400
Median selected monthly owner costs -with a mortgage $1,584
Median selected monthly owner costs -without a mortgage $580
Median gross rent $1,069
Building Permits
New Private Housing Issued 2024 699
Years at Residence
1 Year or More 88.7%
Less Than 1 Year 11.3%
Business and Employment
Private non-farm Establishments 3,297
Private non-farm Employment 68,018
Private non-farm Employment Growth up 0.5%
Nonemployer Establishments 11,254
Number of Firms 2,816
Business Production
Value of Shipments $2,537,540,000
Wholesale Trade $1,316,991,000
Retail Trade $1,601,623,000
Retail Sales Per Capita $8,235
Accommodation and Food Services $405,567,000
Land
Land Area 160.25 sq. miles
Population Per Square Mile 997

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,382.23 per month $2,253.89 Principal & Interest $0.00 Property Tax (data not provided by mls) $128.33 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage