Northern Kentucky - Greater Cincinnati Single-Family Home (SFR) Portfolio

For Sale

310 W 11th Street, Newport, KY 41071

This Newport property for sale is located at 310 W 11th Street. The current listed sale price for Northern Kentucky - Greater Cincinnati Single-Family Home (SFR) Portfolio is $3,725,000.

Contacts

broker

Rachel Ridd

SVN | Stone Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 36,356 SF
  • Units 33
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Date Updated Sep 13, 2024
Riverside Lifestyle: Tucked beside the Ohio River, Covington and Newport boast convenient proximity to major highways, including access to Newport on the Levee, making them ideal locales for work and leisure. Economic Hub: With Amazon's presence and a growing DSL industry, both cities boast a thriving job market, offering diverse employment opportunities in e-commerce, technology, and logistics sectors. The Midwest region continues to see significant growth driven by urbanization, economic expansion, shifting lifestyle preferences, and investor interest.We are pleased to present an exceptional investment opportunity comprising a portfolio of 33 single-family homes located in the thriving communities of Covington, Newport, and Dayton, Kentucky. These properties are situated in prime locations with excellent connectivity to Cincinnati, OH, via major highways such as I-471, I-275, and I-71/75, offering robust potential for immediate income and long-term appreciation. Covington boasts a vibrant downtown, diverse dining options, and a burgeoning arts scene, while Newport is known for its entertainment and historic charm. Dayton offers a quiet, suburban feel with strong community spirit and proximity to urban conveniences. The Northern Kentucky area is experiencing strong rent growth due to increasing demand for quality rental properties and a competitive housing market. This portfolio benefits from its proximity to significant job growth areas in both Northern Kentucky and Cincinnati. Major employers in logistics, manufacturing, healthcare, and technology are driving economic expansion and increasing demand for housing. The region is home to burgeoning business districts, industrial parks, and the Cincinnati/Northern Kentucky International Airport, a major logistics hub, with Cincinnati providing ample employment opportunities in finance, education, and professional services. This portfolio of 33 single-family homes offers stable rental income with reduced vacancy risk, value-add opportunities through renovations and strategic property management, and significant upside potential. Detailed financial information, including current rental incomes, occupancy rates, and expenses, is available upon request. Whether you are an experienced investor looking to expand your holdings or seeking a solid entry into the market, this portfolio represents a rare opportunity to acquire a substantial, diversified real estate investment in some of Northern Kentucky’s most desirable communities. Also available for sale: A selection of duplexes, triplexes, four-plexes, and five-plexes, offering additional income opportunities in these prime locations. Contact our multifamily team for more information.

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Highlights

  • 33 properties (within +/- 11 miles of each other)
  • 36,356 total square feet, average living space of 1,650 SF
  • The average current monthly rent per unit is $1,122 as of 2024
  • Opportunity to purchase at a discount to retail
  • Stabilized Year one pro forma cap rate projected at 8.01%
  • The entire portfolio is currently managed by a third party property management service
  • Entire Portfolio also for sale - 55 properties, 94 total units

Attachments

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  • 71/100

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  • 50/100

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Location

  • City Newport, KY
  • Zip Code 41071
  • Market Cincinnati

Points of Interest

  • Columbia Sussex Station

    5.08 miles

  • Main Terminal

    8.94 miles

  • Speedway

    0.67 miles

  • Speedway

    0.70 miles

  • Kroger

    1.07 miles

  • BP

    1.21 miles

  • Marathon

    1.25 miles

  • Kroger

    1.30 miles

  • BP

    1.46 miles

  • UDF Fuel

    1.55 miles

  • Shell

    2.06 miles

  • BP

    2.86 miles

  • Transit Center Garage

    1.01 miles

  • Public Landing

    1.15 miles

  • Lot L

    3.69 miles

  • Lot K

    3.79 miles

  • Parking Lot (Beechwood Swim Club)

    4.33 miles

  • Furniture Fair Park & Ride

    4.59 miles

  • Erlanger Municipal Center Parking

    7.38 miles

  • Airport Viewing Area

    8.31 miles

  • Cincinnati Airport Marriott Parking

    8.73 miles

  • Main Terminal Lot

    8.84 miles

  • Hampton

    0.76 miles

  • Gateway Bed and Breakfast

    0.78 miles

  • Hotel Covington

    0.86 miles

  • Aloft Newport on the Levee

    0.92 miles

  • Hannaford Suites - Newport

    1.05 miles

  • Embassy Suites by Hilton Cincinnati RiverCenter

    1.07 miles

  • Cincinnati Marriott at RiverCenter

    1.11 miles

  • Holiday Inn Express & Suites

    1.31 miles

  • Comfort Suites Newport - Cincinnati Riverfront

    1.35 miles

  • Courtyard by Marriott Cincinnati Covington

    1.43 miles

  • ALDI

    0.52 miles

  • Fresh Thyme

    0.88 miles

  • Target

    0.95 miles

  • Kroger Marketplace

    0.99 miles

  • Save-A-Lot

    1.01 miles

  • Kroger Food & Drug

    1.02 miles

  • TJ Maxx

    1.02 miles

  • Big Lots

    1.29 miles

  • Kroger

    1.33 miles

  • Riverside Marketplace

    2.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Rachel Ridd

SVN | Stone Commercial Real Estate