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1002-1004 Central Avenue, 
Newport, KY 41071

$595,000


Bed


Bath


4,564

Sq Ft


Multi-Family

Active

Listed by

Michael Smith

Haven Homes Group

Last updated:

August 15, 2026, 10:45 PM

MLS#

645649

Source:

KY NKMLS

About This Home

1002-1004 Central Avenue

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 additional financial information available upon request.

Home Facts

Multi-Family

Built in 1883

Price Summary

595,000

$130 per Sq. Ft.

MLS #:

645649

Last Updated:

August 15, 2026, 10:45 PM

Added:

20 day(s) ago


Rooms & Interior

Interior

Living Area:

4,564 Sq. Ft.


Structure

Structure

Building Area:

4,564 Sq. Ft.

Year Built:

1883


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$595,000

Price per Sq. Ft:

$130 per Sq. Ft.

Source:KY NKMLS
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 Coldwell Banker Realty 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.