Save This Old Kentucky FireHouse Under $130K
OHU50K Notes $129,900
This former Kentucky firehouse has three bedrooms and two baths. The brick building has lived many lives, first as a firehouse, later an apartment building, and in the 1940s as a malt beverage warehouse.
Realtor Comments
A diamond in the rough!! Nearly 3,000 square foot historic firehouse in Covington’s Peaselburg Neighborhood is looking for its next revival! Situated on an oversized lot that allows for maximum green space or additional buildable ground, this property is poised to offer the right buyer opportunities well into the future. Currently in a shell state this allows the new owner to create whatever they desire! Located in a CMU zone, uses for this property are flexible respecting the original structure while honoring its prominent corner location. Easy access to Madison Ave placing you in between Downtown Covington and Latonia with highway access just a short drive. This building offers a special opportunity for the right buyer.
- 3 bed
- 2 bath
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
2028 Russell St, Covington, KY 41014 $129,900
- Contact Realtor: Rebecca Weber
- Google Map
- Niche
Family History
Such a sad story of a young former resident in 1927.
Pros of Living in Covington, KY
1. Affordable, Urban Living with Big-City Access
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Cost of living is around 12–13% below the U.S. average, fueled by housing costs that are up to 28% lower than the national norm. Groceries and utilities also trend cheaper.
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Median home values (~$167,900) and rent (~$949/month) remain affordable relative to national averages.
2. Urban Energy with Historic Charm and Green Spaces
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Covington offers a walkable, urban feel packed with historic architecture, vibrant neighborhoods, and development like MainStrasse Village and Riverside Drive Historic District.
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Outdoor access is excellent: Devou Park, riverfront trails, and community events anchor the city’s civic life.
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There’s a lively arts and dining scene, from festivals to unique eateries and breweries.
3. Inclusivity & Community Engagement
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Rated highly for diversity (A‑) and embraced for LGBTQ+ friendliness—with early adoption of human rights ordinances and regular Pride celebrations.
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Community-led revitalization—like transforming an old IRS site into mixed-use development—underlines the city’s evolving energy.
4. Strategic Location & Transit Connections
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Minutes away from downtown Cincinnati, with access to major interstates and CVG Airport.
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Commutes remain reasonable (~22 minutes), with growing investments in bike lanes, EV charging, and walkable infrastructure.
5. Diverse Economy & Job Growth
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Employment spans finance, technology, healthcare, and startups—supported by local incubators like Aviatra and CovWorx.
Cons of Living in Covington, KY
1. Crime & Economic Disparities
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Crime ratings range from C– (per Niche) to 11 violent and 26 property crimes per 1,000 residents (according to one source).
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Poverty affects nearly 1 in 4 residents – falls significantly below the national average.
2. Gentrification & Uneven Neighborhood Quality
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While some neighborhoods thrive, others face issues like neglected properties, noise, and inconsistent maintenance.
3. Commute Bottlenecks & Limited Transit Options
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Daily travel over the Brent Spence Bridge can be congested and stressful. Parking and public transit also fall short for many residents.
4. Education & Flood Risk
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Schools vary in quality, and some areas face educational disparities. Holmes High School remains a historic pillar but marks only part of the picture.
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Certain locales are prone to flooding, potentially raising insurance costs and property concerns.
5. Weather Extremes & Storm Challenges
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The region experiences hot, humid summers and cool winters, along with seasonal storms, rain, and occasional flooding.
