14 Locust Street, Erlanger, KY 41018
Local realty services provided by:ERA Real Solutions Realty
14 Locust Street,Erlanger, KY 41018
$219,999
- - Beds
- - Baths
- 1,148 sq. ft.
- Multi-family
- Active
Listed by: josh house
Office: realiant northern ky llc.
MLS#:641132
Source:KY_NKMLS
Price summary
- Price:$219,999
- Price per sq. ft.:$191.64
About this home
The duplex that pays you back -- priced with the inspection already in mind. This duplex offers immediate income potential with two units generating a combined monthly rent of $1,840.
Let's do this differently. This property has gone under contract twice, but didn't close. So here's the whole story before you ever book a showing: this is a solid circa-1950s duplex. We have done substantial work to solidify roof and water drainage on back of house. The foundation has been inspected and is solid. The finding: normal wear and tear consistent with the age of the structure. No structural failure. (Full documentation handed to any serious buyer on day one.) Now the good part: You can live for around $500 a month.
The 2-bedroom unit is on the main floor. The separate entrance 1-bedroom unit is above.
Both occupied, both renting under market.
Options: Move into the upstairs unit, bring the downstairs to the going Erlanger rate of roughly $1,200-1,250, and your tenant covers nearly your entire payment. On an FHA loan at 3.5 down, that's an out-of-pocket housing cost around $450-500 a month. (At current rents of 1000 downstairs, you're still only 700 out of pocket each month).
Renting a comparable one-bedroom in Erlanger costs twice that and buys you nothing. Here, someone else pays your mortgage while you build equity over time. Or, in a few years, you can move out, lease both units at market, and the building pays you instead.
This is a value-priced, cash-flowing building for a buyer who can see past old-house bones to young cash flow.
At $222,000 that's $111,000 per door, in a city where the median single-family home lists north of $400,000. Minutes from I-71/75, I-275, and CVG.
14 Locust Street. The best deal you can find in Erlanger today....
Contact an agent
Home facts
- Listing ID #:641132
- Added:132 day(s) ago
- Updated:August 12, 2026 at 03:38 PM
Rooms and interior
- Kitchen Description:Electric Cooktop, Electric Oven, Refrigerator
- Living area:1,148 sq. ft.
Heating and cooling
- Cooling:Central Air, Window Unit(s)
- Heating:Electric
- Central air:Yes
Structure and exterior
- Building area:1,148 sq. ft.
- Lot area:0.07 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:Lloyd High
- Middle school:Tichenor Middle School
- Elementary school:AJ Lindeman Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$219,999
- Price per sq. ft.:$191.64
Features and amenities
- Appliances:Refrigerator
- Amenities:Vinyl Clad Window(s)
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