Multifamily Housing
738 Monmouth Street Newport, KY 41071
Details & Description
Price: $814,000
    KW Commercial is proud to present this dual usage property. This building in in the heart of Newport in the midst of the heavy retail corridor. The building has been recently updated with a full facia upgrade. The building has been well maintained. The property is 100% Occupied. Property has three (3) retail spaces on the ground floor accessing the heavy Newport walk traffic. The second floor contains 6 multifamily residential spaces. all units are in great condition and rent extremely fast. The units are larger in size compared to the typical rental space in the area. We feel there is a value add to a buyer as the residential rental units are underpriced. The top floor is open penthouse space that can be used for many different opportunities. We feel that additional multi family or professional office space will be the best fit yet your new concept may be just the ticket that draws the Newport crowds.
    Property Highlights
    Listing Agents
    Derrick Plunkett

    O: 859-620-5830
    dp.kwcommercial@gmail.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    738 Monmouth Street

    Newport, KY 41071

    Listing ID: 272418
    • 738 Monmouth Street Newport, KY 41071 | for Sale | Photo 1
    • 738 Monmouth Street Newport, KY 41071 | for Sale | Photo 2
    • 738 Monmouth Street Newport, KY 41071 | for Sale | Photo 3
    738 Monmouth Street | for Sale | Thumbnail 1
    738 Monmouth Street | for Sale | Thumbnail 2
    738 Monmouth Street | for Sale | Thumbnail 3
    Building Size: 13,226 SF
    Lot Size: 0.100 AC
    Land Size: 4,356 SF
    Building $/SF: $61.55
    Land $/SF: $186.87
    Price
    $814,000
    Property Highlights
    100 occupied
    Phenomenal Walk Traffic
    Dual Usage property
    Great location
    Well Maintained
    Description

    KW Commercial is proud to present this dual usage property. This building in in the heart of Newport in the midst of the heavy retail corridor. The building has been recently updated with a full facia upgrade. The building has been well maintained. The property is 100% Occupied. Property has three (3) retail spaces on the ground floor accessing the heavy Newport walk traffic. The second floor contains 6 multifamily residential spaces. all units are in great condition and rent extremely fast. The units are larger in size compared to the typical rental space in the area. We feel there is a value add to a buyer as the residential rental units are underpriced. The top floor is open penthouse space that can be used for many different opportunities. We feel that additional multi family or professional office space will be the best fit yet your new concept may be just the ticket that draws the Newport crowds.

    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Cincinnati History of Multifamily Housing for Sale

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    Newport Area Market Trends

    Listing Demographics for 738 Monmouth Street Newport, KY 41071

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population19,480124,695264,544
    Population Median Age393836
    Population by Age0-9 Yrs2297 (11%)14348 (11%)30813 (11%)
    10-19 Yrs1599 (8%)12029 (9%)33962 (12%)
    20-29 Yrs3573 (18%)25454 (20%)54424 (20%)
    30-39 Yrs3220 (16%)19182 (15%)37637 (14%)
    40-49 Yrs2175 (11%)13615 (10%)27481 (10%)
    50-59 Yrs2805 (14%)16730 (13%)32179 (12%)
    60-69 Yrs1941 (9%)13068 (10%)26648 (10%)
    70+ Yrs1870 (9%)10270 (8%)21399 (8%)
    Median HH Income$44,178$46,906$47,294
    Total Household Income< 24K2605 (30%)17718 (30%)34635 (30%)
    25-49K1912 (22%)12358 (21%)25147 (21%)
    50-74K1127 (13%)9303 (16%)18237 (15%)
    75-99K747 (8%)5399 (9%)10955 (9%)
    100-199K1498 (17%)9759 (16%)18737 (16%)
    200K+515 (6%)3329 (5%)7680 (6%)
    Highest Education LevelNo Diploma24631062020472
    Diploma or GED42652184641219
    Some College22551587531208
    Assoc. Degree665551310760
    Bachelors Degree27471981839948
    Higher Degree18961306929143
    Total Housing Units10,02868,674136,089
    --Owner-Occupied3,80224,74951,655
    --Renter-Occupied4,60233,11863,736
    Owner-Occupied Values< 100K1204700114409
    100-199K1011812015715
    200-299K59541508548
    300-399K48422745158
    400-499K19111042838
    500K+31720994987
    Total Working Age Population16,203103,747217,891
    In Work Force9,28368,587142,163
    Not In Work Force6,92035,16075,728
    Workforce Employed8,75163,996132,579
    Workforce Unemployed5324,5609,523
    Civlian Workforce9,28368,556142,102
    Military Workforce03162
    Total Households8,40457,867115,391
    Family Households4,07625,71653,332
    Non-Family Households4,32832,15162,058
    Married Couple2,43215,73032,662
    Other Family1,6449,98620,671
    Married w/Child6344,94411,429
    Single Male w/Child1621,0192,145
    Single Female w/Child6504,6799,477

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Kentucky4,041,769+74,339,367+44,533,464+44,726,382
    Campbell County88,616+290,336+392,898+193,473
    Kenton County151,464+5159,720+6169,386+4176,039
    Ohio11,353,140+211,536,504011,574,870011,615,100
    Hamilton County845,303-5802,374-1790,600-1785,900

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

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    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 738 Monmouth Street in Newport?
    The asking price for 738 Monmouth Street is $814,000
    What is the building size of this Multifamily property in Newport, KY?
    The size of the building/unit at 738 Monmouth Street in Newport is 13,226 square feet
    How much land does the Newport, KY property at 738 Monmouth Street include?
    738 Monmouth Street in Newport includes 0.100 acres of land
    What is the population within 1 mile of 738 Monmouth Street in Newport?
    The population within 1 mile of 738 Monmouth Street Newport, KY 41071 is 19,480 people.
    Who do I contact for questions about 738 Monmouth Street?
    You should contact the listing agent, Derrick Plunkett, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Cincinnati Northern Kentucky International Airport (CVG) 10
    James M Cox Dayton International Airport (DAY) 58
    Blue Grass Airport (LEX) 73