Off Market Cash Flowing Duplex in Wallace Woods – 501-503 Wallace Ave, Covington, KY For Sale

  • $250,000
  • 6 beds
  • 2 baths
  • 3,060 sqft

Completely renovated, cash flowing duplex in the desirable Wallace Woods neighborhood of Covington, KY. Two 3 bedroom, 1 bath units.

Both units are rented out to tenants on a 1 year lease. 11 months left on each lease. Total income is $2,450 per month. Owner pays water and SD1. Utilities are split per unit.

Completely renovated:

  • New plumbing
  • New electric
  • Central air with new AC
  • New kitchens
  • New baths
  • Floors sanded and resurfaced
  • Slate roof has been fixed.
  • Recently tuck pointed major portions of property.

With this property in great shape, enjoy a turnkey rental with simple property management for years to come. Great location on the corner of Eastern and Wallace Avenue.

Off-market deal available for a limited time only. Then, will go out to the public on the MLS.

First showing will be Tuesday, May 26 at 4:00pm. Contact Eric at with any questions.


*There is NO buyer’s agent fee on this transaction. Team Sztanyo will be acting as a dual agent. 

501-503 Wallace Ave
Covington, KY 41074
Square Feet:
Lot Size:
38 x 98
For Sale
Property Type:
Year Built:
Full, unfinished
Const. Type:
2 Story, Brick

Call (513) 813-6293 for more details

Property Location