1 Fayette St, Covington, KY 41014

Looking to downsize to be closer to the city? Searching for your first home or your first turnkey rental? This one checks every box. Taken down to the studs and fully permitted with updated electric and plumbing. New roof, windows, HVAC, water heater, siding, gutters, doors, deck, drywall, and a completely waterproofed basement mean low future maintenance and great energy efficiency. Inside, the open-concept layout and large kitchen island make entertaining easy, with 3 bedrooms, 1.5 baths, and a flex first-floor bedroom/office. Sitting on a corner lot with great outdoor space, this home backs up to the sought-after Wallace Woods neighborhood. Just steps from Meinken Park, Dixie Chili, and the Licking River, it offers walkability, historic charm, and a vibrant neighborhood setting. With the City of Covington investing in neighborhood revitalization and a strong rental market nearby, this is a smart, move-in ready buy with long-term upside for both homeowners and investors.