Covington Rental Play on Parkway

Asking $68,900 or best offer
If you’re a buyer’s agent: Asking $70,967 (includes a 3% broker compensation) or best offer.

We are selling our assignable purchase contract on the property below:

1326 Parkway Ave, Covington, KY, 41016

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For showing instructions or assistance please contact Nathan at (513) 224-5471 or email nathan@rapidfireinvestments.com

Details:

  • 2bd/1.5ba with 1082 sqft
  • Built in 1910
  • Lot Size: 0.15 Acres
  • Vacant
  • Closing on or before 06/05/26
  • Market Rent: $1,390
  • Current Rent: N/A
  • 1326 Parkway Ave offers a strong rental portfolio opportunity in an established Covington neighborhood with consistent tenant demand and convenient access to downtown Cincinnati, major commuter routes, shopping, dining, and everyday amenities. This 2 bedroom, 1.5 bathroom home features a functional layout and solid long-term rental potential in a market where affordable housing inventory remains limited. With continued demand from both renters and investors throughout Northern Kentucky, this property presents an excellent opportunity for cash flow and portfolio expansion in a steadily active rental corridor.

ARV is $135,000 based on the following comps:

  • 1319 Hazen St in Covington, KY, 41016 is a renovated 874 SqFt, 2 Bed / 1 Bath that sold for $135,000 on 7/8/2025 ($154.46 per SqFt)
  • 1111 John St in Covington, KY, 41016 is a clean but outdated 816 SqFt, 2 Bed / 1 Bath that sold for $132,000 on 3/27/2026 ($161.76 per SqFt)
  • 1328 Parkway Ave in Covington, KY, 41016 is a clean but outdated 512 SqFt, 2 Bed / 1 Bath that sold for $101,550 on 7/31/2025 ($198.34 per SqFt)

Repairs:

 Roof: 2016

HVAC: Unknown – Budgeted Replace

Water Heater: 2025

For showing instructions or assistance please contact Nathan at (513) 224-5471 or email nathan@rapidfireinvestments.com

Our deals move fast. If you would like to lock the property up, we do accept sight-unseen, no-contingency cash offers.

$5,000 earnest money check required for all buyers.

Title is already open with our preferred partner, Bella Title, ensuring a smoother, expedited closing process by working directly with our trusted team.

Realtors, add your fee (whatever you like) and bring us a buyer!

Not interested in this deal? Click here to view our other listings

We are growing our team!

We are hiring! We believe in developing world-class salespeople, investors, and human beings. This is a career, not just a “job.” Our people will have the ability to earn really well and invest in their future through real estate.

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Disclaimer: Sender of this email makes neither warranties nor representations as to the Buyer, Seller nor Transaction. Receipt of these documents is acknowledgment and acceptance that this is privileged, proprietary, and confidential, and will not be forwarded to any party(s) without prior written consent from the sender.
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