1032 Columbia St - Apartments FOR SALE


Newport, KY 41071
$401,000 USD
859-363-6209
1032 Columbia St, Newport, KY for Sale
$401,000 USD
Apartments - FOR SALE
1/5
null | 7.42% Cap Rate

1032 Columbia St
Newport, KY 41071


HIGHLIGHTS

  • A mix of spacious 1 bedroom layouts.
  • Walkable to Newport on the Levee, Ovation, and the future site of the new Entertainment District.
  • Less than 10 minutes to Downtown Cincinnati, with easy access to I-471.
  • Current leases in place with solid tenant history.
  • Separate electric meters; landlord currently pays water.
  • Market rents trending higher; additional value-add through cosmetic renovations or utility bill-back.

OVERVIEW

Located just minutes from Downtown Cincinnati, 1032 Columbia St presents a rare opportunity to acquire a stabilized 5-unit multifamily building in one of Northern Kentucky’s fastest-growing urban corridors. This well-maintained brick property features a desirable unit mix, strong rental history, and significant upside potential through rent increases or light value-add upgrades.

FOR SALE DETAILS

PRICE

$401,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

5

PRICE/UNIT

$80,200

CAP RATE

7.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1874

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

999-99-03-061.00

ASK ABOUT THIS PROPERTY

Jim CarmichaelBerkshire Hathaway Professional Realty - CCGMore Info
859-363-6209

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Jim CarmichaelBerkshire Hathaway Professional Realty - CCGMore Info
859-363-6209

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.