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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,545 sqft
Price per Sqft $161
MLS Listing ID 630463
Sold Date 04/28/25
Bedrooms 3
Full Baths 2
Year Built 1887
Lot Size 958 Sqft
Property Sub-Type Multi Family
Property Description
28 E 9th - East Row District Duplex This unique two-unit property is located in the historic East Row District and has recent updates updated. Both units feature separate utilities (electric, heat, water) with the owner only responsible for the sewer bill. Each unit has an independent entrance, eliminating the need for maintenance of areas. Unit 2 spans two stories and includes a balcony and central AC, making it ideal for an owner-occupant. Well-maintained and professionally managed, this property offers a gross income of $28K and a net income of $22K with a strong 8.5CAP rate at the asking price. The seller prefers to sell this building in conjunction with 330-332 E 9th.
Location
State KY
County Campbell
Rooms
Basement Partial
Interior
Heating Natural Gas, Forced Air
Cooling Central Air, Window Unit(s)
Fireplaces Number 1
Fireplaces Type Inoperable
Exterior
Parking Features On Street
View Y/N N
Roof Type Shingle
Building
Story Three Or More
Foundation Stone
Sewer Public Sewer
Level or Stories Three Or More
New Construction No
Schools
Elementary Schools Npt Primary Intermed
Middle Schools Newport Intermediate
High Schools Newport High
Others
Special Listing Condition Standard
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Lindzie Gunnels
Managing Broker | License ID: 2022004998
Managing Broker License ID: 2022004998