121 E Martin Luther King Jr. Boulevard, Covington, KY 41011
Local realty services provided by:ERA Real Solutions Realty
Listed by: blaire hancock, jim murray
Office: simple fee realty
MLS#:647653
Source:KY_NKMLS
Price summary
- Price:$470,000
- Price per sq. ft.:$220.04
About this home
Fully renovated, fully furnished duplex PLUS a second attached lot -- currently earning $48,700/year as a proven mid-term Airbnb and furnished rental, steps from downtown Covington and one mile from downtown Cincinnati. Live in one unit while the other pays your mortgage, or step into a turnkey rental business on day one. Potential for additional income with short term dynamic pricing strategy.
Renovated top to bottom in 2024 (~$120K scope): new kitchens with granite counters, custom cabinets, and stainless appliances; fully rebuilt bathrooms; luxury vinyl plank throughout; new lighting, ceiling fans, and A/C condensers; updated electrical and plumbing; fresh paint inside and out; new fencing and landscaping. Two spacious units -- a 2BR/1BA (~1,033 sq ft) and a 3BR/1BA (~1,103 sq ft), 2,136 sq ft total -- each with in-unit laundry and dishwasher, and utilities separately metered by unit, giving the next owner full flexibility on lease structure. All furniture to convey with sale.
Both units run as active Airbnbs with 4.8+ star ratings, and the seller offers a co-host transition so you inherit live listings and reviews -- no starting from zero. Current occupancy works in the buyer's favor: Unit 1 is leased through December 2026 (income in place at closing) and Unit 2 is available at the end of July -- move in yourself or set your own rents immediately.
The property sits on a surveyed, consolidated double parcel totaling 4,450 sq ft (44.5' x 100'). Can be subdivided and sold to a developer, finished to add off-street parking, patio, or additional outdoor space for guests. Walk Score 78. Steps to Covington's restaurants, minutes to Main Strasse Village, one bridge to downtown Cincinnati jobs, 15 minutes to CVG. The tenant has been parking on the gravel to the side of the building but that's not an approved parking spot with the city....
Contact an agent
Home facts
- Listing ID #:647653
- Added:4 day(s) ago
- Updated:October 22, 2026 at 03:11 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Eat-in Kitchen, Electric Range, Kitchen Island, Microwave, Refrigerator
- Bedroom Description:Master Downstairs
- Basement Description:Partial
- Living area:2,136 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Building area:2,136 sq. ft.
- Construction Materials:Vinyl Siding
- Foundation Description:Stone
Schools
- High school:Holmes Senior High
- Middle school:Holmes Middle School
- Elementary school:John G. Carlisle Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$470,000
- Price per sq. ft.:$220.04
Features and amenities
- Appliances:Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Master Downstairs, Storage, Vinyl Clad Window(s)
New listings near 121 E Martin Luther King Jr. Boulevard
- New
$2,600,000Active3 beds 4 baths4,632 sq. ft.100 W Rivercenter Boulevard #PH2A, Covington, KY 41011
MLS# 647748Listed by: HUFF REALTY - FLORENCE - New
$475,000Active3 beds 2 baths1,875 sq. ft.211 E 26th Street, Covington, KY 41014
MLS# 647769Listed by: RE/MAX VICTORY + AFFILIATES - New
$925,000Active2 beds 3 baths2,191 sq. ft.1 Roebling Way #603, Covington, KY 41011
MLS# 647765Listed by: ROBINSON SOTHEBY'S INT. REALTY - New
$399,000Active3 beds 3 baths2,162 sq. ft.3978 Volterra Lane #365-A, Covington, KY 41017
MLS# 647750Listed by: HMS REAL ESTATE - New
$475,000Active4 beds 3 baths2,790 sq. ft.10701 Buckland Court, Covington, KY 41015
MLS# 647745Listed by: HMS REAL ESTATE - New
$259,900Active3 beds 3 baths960 sq. ft.9167 Fire Wood Court, Covington, KY 41017
MLS# 647719Listed by: KEY HOUSE REALTY
$323,908Pending3 beds 3 baths1,651 sq. ft.3945 Volterra Lane #303-A, Covington, KY 41017
MLS# 647716Listed by: HMS REAL ESTATE- New
$310,000Active3 beds 3 baths2301 Madison Avenue, Covington, KY 41014
MLS# 647707Listed by: KELLER WILLIAMS REALTY SERVICE - New
$408,327Active3 beds 2 baths1,654 sq. ft.10724 Buckland Court, Covington, KY 41015
MLS# 647699Listed by: DREES/ZARING REALTY - New
$260,000Active3 beds 2 baths959 sq. ft.638 Western Avenue, Covington, KY 41011
MLS# 647680Listed by: HUFF REALTY - CC