See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

501 Johnson St, Covington, KY, 41011

3beds
4baths
3,186sqft
$649,900
$204price/sqft
$4,619/moest. monthly cost
$184,760/yrincome needed

About This Home

Exceptional renovated triplex in the heart of Covington, KY--just steps from Cincinnati and Main Strasse Village. Zoned mixed use, this offering includes the adjacent vacant lot, creating a rare opportunity for expansion, additional parking, or future development (buyer to verify). Off street parking for six-eight cars! Located one block from the highly anticipated Covington Central Riverfront redevelopment, the property is positioned near future restaurants, retail, housing, and office space, offering strong long-term appreciation potential. Originally built in 1860, this historic property seamlessly blends timeless character with modern updates throughout. The building features three well-appointed units: two 1-bedroom, 1-bath units and one 1-bedroom, 1.5-bath unit, an ideal configuration for tenants, investors, or owner-occupants. Each unit has been thoughtfully renovated to meet today's standards while preserving the charm of the era. The walkable location provides easy access to downtown Covington, Main Strasse Village, Cincinnati's Central Business District, dining, entertainment, and riverfront amenities. Plenty of off street parking for 6 cars in the back parking lot and driveway in front that holds 3 cars. Whether you're an investor seeking a turnkey multifamily in a high-growth area or an owner-occupant looking for flexibility and future development potential, this property delivers history, location, income potential, and additional land in one of Northern Kentucky's most desirable urban corridors.

Getting Around

92
WalkingWalker's Paradise
45
TransitSome Transit
68
BikeBikeable

Schools

3/10
Holmes Middle SchoolGrades 6-81.8 mi
1/10
Holmes High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1860

Materials

  • Foundation: Stone
  • Roof: Membrane
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Triplex

Interior

Appliances

  • Appliances included: Washer/Dryer Stacked,Electric Oven,Electric Cooktop,Stainless Steel Appliance(s),Dishwasher,Microwave,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Window features: Vinyl Clad Window(s)
  • Number of fireplaces: 3
  • Fireplace features: Inoperable
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,186
  • Total interior livable area: 3,186 sqft

Property

Details

  • Parcel number: 0542102003.00
  • Zoning description: Multi Family

Features

  • Levels: Three Or More
  • Stories: 3

Lot

  • Lot size: 2,178 sqft
  • Lot size dimensions: 25 x 90

Parking

  • Total spaces: 6
  • Parking features: No Garage,Off Street,On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Strong Wind
Tornado
Cold Wave
Ice Storm
Lightning
Winter Weather

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$440$5,280
Property Taxes $642$7,704
Electricity $251$3,019
Total$4,619$55,428
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,365/yr
40% on housing$138,570/yr
45% on housing$123,173/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 41011$203
Kenton County$176

vs Homes Sold Last Month

Median $/sqft

ZIP 41011$192
Kenton County$184

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-02Listed for sale$649,900
2026-04-28Listing removed$675,000
2026-02-27Price change$675,000
2026-01-27Listed for sale$690,000
2019-10-07Sold$425,000
2016-10-04Sold$80,600
2016-04-01Sold$66,262
2014-06-19Sold$55,100
2014-04-26Listed for sale$49,900
2014-03-06Sold$68,251
2013-11-07Listed for sale$69,900
2013-05-23Pending sale$69,900
2013-03-06Listed for sale$69,900
2003-10-02Sold$103,000
1995-08-31Sold$37,000

For Sale by Agent

AgentTonya Holt McMahon
BrokerageeXp Realty LLC

Similar Homes