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1 W Southern Ave
Covington, KY 41015

$1,025,000 USD

Apartments For Sale  •  10,252 SF

Property Details

• Property Type Apartments
• Total Building Size 10,252 SF
• Lot Size 0.09 AC
• Building Class C
• Year Built 1908
• Cap Rate 6.88 %
• Zoning Historic Mixed Use

30 Transit Score

60 Walk Score

Highlights

Corner mixed-use asset at Ritte's Corner, the historic commercial heart of Latonia

Twelve-unit assemblage totaling 10,252 SF of gross building area (9,630 SF of unit area on the current rent roll) across adjoining storefronts

In-place occupancy of 91.7% as of September 3, 2026

Recent capital already invested: flooring, HVAC, plumbing, electrical, and bathroom updates visible in renovated interiors.

Property Flyers

1_W_Southern_Ave_Offering_Memorandum (3)

Cap Rate:

6.88 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
	15 min	-	6.1 mi
Airport	Drive	Walk	Distance
Cincinnati/Northern Kentucky International	20 min	-	11.8 mi