1039 Lee St, Covington, KY, 41011
About This Home
Welcome to 1039 Lee Street - an exceptional, fully occupied 4-unit investment property ideally positioned on a corner lot just steps from everything Covington has to offer! Whether you're expanding your portfolio or looking for a turnkey asset in a prime location, this one checks all the boxes. The building features a strong unit mix with two spacious 2-bedroom, 1.5-bath units and two efficiency units each with a full bath. Every unit has been thoughtfully updated, blending historic character with modern appeal, highlighted by restored flooring, exposed brick walls, and updated finishes throughout. Tenants enjoy the convenience of separate utilities and in-unit laundry, adding to the property's long-term desirability and ease of management. Outside, a fenced courtyard provides inviting shared outdoor space, while two off-street parking spots offer added value in this walkable, high-demand area. Don't miss your opportunity to own a well-maintained, income-producing property in the heart of it all.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Existing Structure
Materials
- Foundation: Stone
- Roof: Asphalt,Shingle
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Quadruplex
Interior
Appliances
- Appliances included: Washer/Dryer Stacked,Electric Range,Dishwasher,Dryer,Microwave,Refrigerator,Washer
- Laundry features: In Unit
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Features
- Storage,Open Floorplan,Kitchen Island,High Speed Internet,Granite Counters,Entrance Foyer,Eat-in Kitchen
- Window features: Aluminum Clad Window(s),Double Hung
- Fireplace features: Inoperable
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Multi Units,Central Air
Interior Area
- Total structure area: 3,438
- Total interior livable area: 3,438 sqft
Property
Details
- Parcel number: 0542208017.00
- Zoning description: Multi Family
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Patio
- Fencing: Privacy,Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 3,484 sqft
- Lot size dimensions: 35 x 97
Parking
- Parking features: Driveway,Off 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
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Kentucky Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,539 | $42,468 |
| Home Insurance * | $474 | $5,688 |
| Property Taxes | $559 | $6,708 |
| Electricity | $271 | $3,258 |
| Total | $4,843 | $58,116 |
Income You'd Need if You Spent...
Kentucky FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-27 | Listed for sale | $699,900 |
| 2024-10-24 | Listing removed | $725,000 |
| 2024-07-02 | Listed for sale | $725,000 |
| 2021-08-04 | Sold | $630,000 |
| 2021-07-20 | Pending sale | $649,900 |
| 2021-07-14 | Price change | $649,900 |
| 2021-06-24 | Listed for sale | $679,000 |
| 2019-04-17 | Listing removed | -- |
| 2019-04-03 | Listed for sale | -- |
| 2015-04-09 | Listing removed | $105,000 |
| 2015-03-26 | Listed for sale | $105,000 |
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