1002-1004 Central Avenue, Newport, KY 41071

Newport
Local realty services provided by:ERA Real Solutions Realty
1002-1004 Central Avenue,Newport, KY 41071
$595,000
  • - Beds
  • - Baths
  • 4,564 sq. ft.
  • Multi-family
  • Active
Listed by: michael smith
Office: haven homes group
MLS#:645649
Source:KY_NKMLS

Price summary

  • Price:$595,000
  • Price per sq. ft.:$130.37

About this home

Fully leased 4-unit multifamily investment opportunity at 1002,1004 Central Avenue in Newport, KY. Attractive unit mix consisting of two 2BR/1BA apartments and two 3BR/1BA apartments. Current scheduled rents total $6,101/month ($73,212 annually). Two of the four units are occupied by long-term tenants, providing established rental history and stability, with further rent upside that can be captured as leases renew. Both second-floor units are currently configured as 3BR/1BA apartments and each includes additional unfinished space offering further value-add potential. Subject to applicable approvals, this space could potentially be finished to create either a 4BR/1BA or 3BR/2BA configuration in each unit. Prominent corner location with convenient access to downtown Cincinnati, Newport, major employment centers, dining, entertainment, and interstate access. Larger two- and three-bedroom floor plans provide a desirable rental mix. Existing leases are in place. Rent roll and...

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Home facts

  • Year built:1883
  • Listing ID #:645649
  • Added:2 day(s) ago
  • Updated:August 15, 2026 at 10:45 PM

Rooms and interior

  • Kitchen Description:Electric Oven, Microwave, Refrigerator
  • Basement Description:Full
  • Living area:4,564 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1883
  • Building area:4,564 sq. ft.
  • Lot area:0.07 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Brick
  • Foundation Description:Block

Schools

  • High school:Newport High
  • Middle school:Newport Intermediate
  • Elementary school:Newport Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$595,000
  • Price per sq. ft.:$130.37

Features and amenities

  • Appliances:Microwave, Refrigerator
  • Laundry features:Washer/Dryer Stacked
  • Amenities:Wood Frames
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