Log In/Sign Up
Your email has been sent.
The Arthur 525 Greenup St 58 Unit Apartment Building For Sale Covington, KY 41011
Investment Highlights
- 58-unit historic apartment community in Covington, KY, part of the Cincinnati MSA.
- Current occupancy of 97% with strong historic performance.
- Average market rent of $1,225 and potential for continued rent growth.
- Constructed in 1904–1907 with major renovation in 2011 and upgrades since 2021.
- Located near Mainstrasse Village and Cincinnati CBD with excellent connectivity.
- Offered free and clear of existing debt, providing immediate investment flexibility.
Executive Summary
Please visit the Deal Site for Offering Materials: CBRE-TheArthur.com
Property photos on Costar are old. Please see the photos in the Offering Memorandum found through the Deal Site: CBRE-TheArthur.com
Virtual Tour: https://urldefense.com/v3/__https://vimeo.com/1159860361/8c173a5428?share=copy&fl=sv&fe=ci__;!!GnpIGg!ZEd4gMagV6RYe5DmLjZ-mtkc0kq1-r4uKzgc2bjOINYvbE-KPOVE63soyC5Qig2-2OjN1Y6MO9JTekD-2VTOnF-_$
Offers due in early March
Property photos on Costar are old. Please see the photos in the Offering Memorandum found through the Deal Site: CBRE-TheArthur.com
Virtual Tour: https://urldefense.com/v3/__https://vimeo.com/1159860361/8c173a5428?share=copy&fl=sv&fe=ci__;!!GnpIGg!ZEd4gMagV6RYe5DmLjZ-mtkc0kq1-r4uKzgc2bjOINYvbE-KPOVE63soyC5Qig2-2OjN1Y6MO9JTekD-2VTOnF-_$
Offers due in early March
Property Facts
| Sale Type | Investment | Building Size | 34,280 SF |
| No. Units | 58 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1904/2021 |
| Apartment Style | Low-Rise | Parking Ratio | 0.7/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.82 AC | ||
| Zoning | R-3 - 0403 - 0403 | ||
| Sale Type | Investment |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 34,280 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1904/2021 |
| Parking Ratio | 0.7/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - 0403 - 0403 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Tub/Shower
- Sunroom
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Laundry Service
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | $620.00 | 230 - 345 |
| 1+1 | 35 | $1,380 | 430 - 990 |
| 2+1 | 13 | $1,698 | 930 - 1,420 |
1 1
Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 054-23-12-004.00 | Improvements Assessment | $5,550,000 |
| Land Assessment | $200,000 | Total Assessment | $5,750,000 |
Property Taxes
Parcel Number
054-23-12-004.00
Land Assessment
$200,000
Improvements Assessment
$5,550,000
Total Assessment
$5,750,000
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
The Arthur | 525 Greenup St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.