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328 Bush Street, Covington, KY 41011

MLS# 640239 Active

$250,000

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3 Beds
3 Baths
1,920 Sq Ft
meeting_room
6 Total Rooms
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N/A Year Built
grass
0.05 Acres
paid
$130 Per Sq Ft
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No Has HOA

About This Home

Welcome to 328 Bush Street in Covington (41011) -- where smart ownership meets opportunity. This three-unit triplex is perfectly positioned for a buyer who wants more than just a place to live. Our main goal here? House hack it. Live in one unit and let the other two help cover your mortgage. Instead of carrying 100 percent of your housing cost alone, you step into ownership with built-in support. Current rents are strong: the front first-floor unit brings in $1,100 per month, the rear first-floor unit rents for $900, and the upstairs unit commands $1,600 if not owner-occupied. That's up to $3,600 per month in gross income potential. If you live upstairs, the two lower units generate $2,000 monthly to offset your payment. At a list price of $250,000, this creates an approachable entry point for a young buyer, first-time homeowner, or savvy investor who understands long-term strategy. Instead of asking, ''Can I afford this mortgage?'' the better question becomes, ''How much of my mortgage is already covered?'' The owner currently pays all utilities. Significant improvements have been completed across all three units, including renovated kitchens and bathrooms, updated flooring, refreshed doors and entry points, and an exterior deck that adds usable outdoor space and tenant appeal. This is not a deferred-maintenance project -- it's a move-forward opportunity. Located in desirable 41011, close to downtown Cincinnati and everything Covington offers, demand for well-maintained rental units remains strong. Live in it now. Let it support you. Move later and convert to a fully income-producing property. Three units. Multiple income streams. A strategy that grows with you.

Facts & Features

home Property Details

Home Type MultiFamily
Sub Type Multi Family
Construction Brick
Roof Shingle
Foundation Block

landscape Lot Information

Lot Size 0.05 Acres
Lot Sq Ft 2,225 sq ft
Dimensions 89x25

garage Parking & Garage

Garage Spaces 0
Parking Features On Street

chair Interior Features

Appliances Refrigerator, Electric Oven, Gas Cooktop

thermostat Heating & Cooling

Heating Forced Air, Natural Gas
Cooling Central Air

electrical_services Utilities

Water Public
Sewer Public Sewer
Utilities Cable Available, Natural Gas Available, Underground Utilities, Water Available, Sewer Available

school Schools

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

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location_on Location

Address 328 Bush Street, Covington, KY 41011
County Kenton

Property History

Date Event Price
03/02/2026 Listed for Sale $250,000
03/02/2026 schedule Listed Today $250,000

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