425 Lehmer StreetCovington, KY 41011

425 Lehmer StreetCovington, KY 41011

1/23 Fullscreen
$324,900
Multi Unit - Multiple MLS 642131 Pending
2 beds 2 full baths 1,580 sqft

Listed By

Agency Name: Haven Homes Group
Agency Phone: 859-444-0180

Shown By

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

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Property Description

What if your neighbor helped pay your mortgage? At 425 Lehmer Street, thats not a hypothetical. Its already happening.This all-brick historic duplex in the heart of Covington is a proven short-term rental with 150 Airbnb reviews and a 4.8-star combined rating across both units. That income history is real, documented, and transferable to a new owner from day one.Two independent 1BR/1BA units, each with a private entrance, its own kitchen, full bath, and individual HVAC. Separate electric and gas meters. Stackable laundry in each unit stays. Shared basement and backyard.The setup: live in one unit, run the other as a short-term rental, and watch your cost of ownership shrink. A professional property management company is already in place for a seamless transition, or self-manage and keep more of the returns. Want to run both as STRs? The infrastructure and the reviews are already there.Three strategies. One property. House hack it, Airbnb both, or convert to long-term rentals. The numbers support all three.Steps from Mainstrasse Village, Covingtons most walkable entertainment district. Minutes to downtown Cincinnati, major highways, and CVG Airport.A proven, turnkey income property with a track record that speaks for itself. Schedule your showing today.

425 Lehmer Street | MLS# 642131

This multi-family property located at 425 Lehmer Street, Covington, KY 41011 is currently listed for sale with an asking price of $324,900. Lehmer Street is located within the Covington Indep school district. Search Covington real estate on 251danielburnhamsquareunitunit259.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 27
Heating: Natural Gas, Forced Air
Lot Size: 0.05 Acres
Roof Type: Membrane, Built-Up
Stories: 2.0
Year Built: 1910

Feature Descriptions

Appliances: Washer/Dryer Stacked, Electric Oven, Stainless Steel Appliance(s), Dishwasher, Refrigerator
Exterior: Brick, Stone
Foundation: Stone
Lot Dimensions: of record
Parcel Number: 054-22-10-002.00
Parking: On Street
Sewer: Public Sewer
Special View Info: City, Neighborhood
Structure Type: Duplex
Sub Type: Multi Family
Tenant Pays: Electricity, Gas, Heat
Units: 2
Utilities: Cable Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Window: Insulated Windows, Double Hung

Local Schools

High School: Holmes Senior High
Middle School: Holmes Middle School
Elementary School: John G. Carlisle Elementary
School District: Covington Indep

Demographics

Kenton County Demographic Information for 425 Lehmer Street, Covington, KY 41011
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

$ 1,763.36 per month $1,668.60 Principal & Interest $0.00 Property Tax (data not provided by mls) $94.76 Homeowner's Insurance

Change Payment Information

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