1032 Columbia St, Newport, KY for sale

Investment 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.

Investment Highlights

• Unit Count: 5 total units – a mix of spacious 1 bedroom layouts
• Location: Walkable to Newport on the Levee, Ovation, and the future site of the new Entertainment District
• Proximity: Less than 10 minutes to Downtown Cincinnati, with easy access to I-471
• Fully Occupied: Current leases in place with solid tenant history
• Utilities: Separate electric meters; landlord currently pays water
• Potential Upside: Market rents trending higher; additional value-add through cosmetic renovations or utility bill-back
• Zoning: Multifamily – ideal for long-term hold, Airbnb conversion, or 1031 exchange