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1002-1004 Central Avenue, Newport, KY 41071

Newport
Local realty services provided by:CENTURY 21 Premiere Properties
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:57 day(s) ago
  • Updated:October 09, 2026 at 03:52 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
Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than CENTURY 21 Premiere Properties are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Copyright 2026 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

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