Real Estate Investment Properties for Sale in Covington, IN

Looking for investment property in Covington, IN with high ROI ?

Explore a variety of short-term homes & houses in Covington, IN. Invest wisely with VRBO & Covington, IN Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Covington, IN

Search for properties for Sale in Covington, Indiana. Browse all of Mashvisor’s listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 28 listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
412 8th St Covington, IN	3 beds \| 1 baths \| 1,136 sq.ft.	$204,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.01% Airbnb Rental Income: $null Traditional Rental Income: $1323 Airbnb ROI: N/A Traditional ROI: 5.01%
1630 W Spring St Covington, IN Welcome to your riverside retreat in Covington, IN, nestled within the coveted Attica Cons...	2 beds \| 1 baths \| 1,464 sq.ft.	$179,000	Airbnb cash on cash: 3.84% Traditional cash on cash: 3.49% Airbnb Rental Income: $1363 Traditional Rental Income: $887 Airbnb ROI: 3.84% Traditional ROI: 3.49%
4942 W 1200 S Covington, IN 4942 W 1200 S, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 896 sq.ft.	$169,900	Airbnb cash on cash: 3.43% Traditional cash on cash: 2.63% Airbnb Rental Income: $1363 Traditional Rental Income: $817 Airbnb ROI: 3.43% Traditional ROI: 2.63%
110 6th St Covington, IN 110 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$81,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.54% Airbnb Rental Income: $null Traditional Rental Income: $441 Airbnb ROI: N/A Traditional ROI: 2.54%
2350 W Us Highway 136 Covington, IN 2350 W Us Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$130,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.42% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: 1.42%
0 W US Highway 136 Covington, IN 0 W US Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$899,900	Airbnb cash on cash: N/A Traditional cash on cash: -1.36% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.36%
0 Stringtown South Rd Covington, IN 0 Stringtown South Rd, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$1,045,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.43% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.43%
15092 N 200 E Covington, IN 15092 N 200 E, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$1,100,000	Airbnb cash on cash: N/A Traditional cash on cash: -1.45% Airbnb Rental Income: $null Traditional Rental Income: $500 Airbnb ROI: N/A Traditional ROI: -1.45%
21 Fountain Dr Covington, IN NEW CONSTRUCTION in Shiloh â Covington! This all-brick beauty combines modern design wit...	3 beds \| 2 baths \| 2,140 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.96% Airbnb Rental Income: $null Traditional Rental Income: $2376 Airbnb ROI: N/A Traditional ROI: 3.96%
26 Fountain Dr Covington, IN Welcome to your dream home in the desirable Shiloh subdivision in Covington! This beautifu...	3 beds \| 3 baths \| 2,219 sq.ft.	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.29% Airbnb Rental Income: $null Traditional Rental Income: $2564 Airbnb ROI: N/A Traditional ROI: 4.29%
1202 7th St Covington, IN 1202 7th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 1 baths \| 3,810 sq.ft.	$382,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.74% Airbnb Rental Income: $null Traditional Rental Income: $1378 Airbnb ROI: N/A Traditional ROI: 1.74%
1301 5th St Covington, IN 1301 5th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,500 sq.ft.	$267,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.12% Airbnb Rental Income: $null Traditional Rental Income: $1595 Airbnb ROI: N/A Traditional ROI: 4.12%
124 6th St Covington, IN 124 6th St, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,320 sq.ft.	$249,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.22% Airbnb Rental Income: $null Traditional Rental Income: $1995 Airbnb ROI: N/A Traditional ROI: 6.22%
6850 US Hwy 136 St Covington, IN 6850 US Hwy 136 St, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,043 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.51% Airbnb Rental Income: $null Traditional Rental Income: $1887 Airbnb ROI: N/A Traditional ROI: 4.51%
412 8th St Street Covington, IN Discover incredible value in this 3-bedroom, 1-bath home set on a spacious double lot. Ste...	3 beds \| 1 baths \| 1,136 sq.ft.	$204,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.46% Airbnb Rental Income: $null Traditional Rental Income: $1445 Airbnb ROI: N/A Traditional ROI: 5.46%
28 Fountain Dr Covington, IN Brand new and beautifully designed, this 4-bedroom ranch in Shiloh is everything youâve ...	4 beds \| 2 baths \| 2,090 sq.ft.	$420,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.01% Airbnb Rental Income: $null Traditional Rental Income: $2398 Airbnb ROI: N/A Traditional ROI: 4.01%
702 Crockett St Covington, IN 702 Crockett St, Covington, IN 47932 \| Single Family Residential	6 beds \| 3 baths \| 5,549 sq.ft.	$405,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.98% Airbnb Rental Income: $null Traditional Rental Income: $2685 Airbnb ROI: N/A Traditional ROI: 4.98%
214 Fourth St Covington, IN	1 beds \| 1 baths \| 704 sq.ft.	$175,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.84% Airbnb Rental Income: $null Traditional Rental Income: $874 Airbnb ROI: N/A Traditional ROI: 2.84%
1204 Orchard Dr Covington, IN 1204 Orchard Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,082 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.45% Airbnb Rental Income: $null Traditional Rental Income: $1868 Airbnb ROI: N/A Traditional ROI: 4.45%
206 6th St Covington, IN 206 6th St, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,513 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.77% Airbnb Rental Income: $null Traditional Rental Income: $1237 Airbnb ROI: N/A Traditional ROI: 3.77%
0 N 400 W Covington, IN 0 N 400 W, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$284,200	Airbnb cash on cash: N/A Traditional cash on cash: -0.19% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: -0.19%
2270 W 840 S Covington, IN 2270 W 840 S, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,184 sq.ft.	$261,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.64% Airbnb Rental Income: $null Traditional Rental Income: $1197 Airbnb ROI: N/A Traditional ROI: 2.64%
0 W Allen Rd Covington, IN	N/A beds \| N/A baths \| N/A	$230,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.19% Airbnb Rental Income: $null Traditional Rental Income: $535 Airbnb ROI: N/A Traditional ROI: 0.19%
601 Railroad Street Covington, IN Discover your dream home in Covington, near the schools, the city park and the Trojan Spor...	3 beds \| 3 baths \| 1,900 sq.ft.	$329,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.97% Airbnb Rental Income: $null Traditional Rental Income: $2315 Airbnb ROI: N/A Traditional ROI: 5.97%
711 Crockett Street Covington, IN Welcome to this two-story home in Covington offering classic character and practical livin...	3 beds \| 2 baths \| 1,520 sq.ft.	$149,500	Airbnb cash on cash: N/A Traditional cash on cash: 6.23% Airbnb Rental Income: $null Traditional Rental Income: $1166 Airbnb ROI: N/A Traditional ROI: 6.23%
115 Elm Drive Covington, IN You will not want to miss this stunning 3-bedroom, 2-bathroom ranch-style home on the edge...	3 beds \| 2 baths \| 1,768 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.8% Airbnb Rental Income: $null Traditional Rental Income: $2055 Airbnb ROI: N/A Traditional ROI: 4.8%
749 S River Road Covington, IN Tucked away on nearly 3 acres, this charming 3-bedroom, 1.5-bathroom home offers country-l...	3 beds \| 2 baths \| 1,550 sq.ft.	$299,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.63% Airbnb Rental Income: $null Traditional Rental Income: $1929 Airbnb ROI: N/A Traditional ROI: 4.63%
215 Railroad Street Covington, IN Move right into this inviting and well-maintained ranch home in Covington! Offering 1,512 ...	3 beds \| 2 baths \| 1,512 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.95% Airbnb Rental Income: $null Traditional Rental Income: $1899 Airbnb ROI: N/A Traditional ROI: 9.95%

Covington, IN Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 28 investment properties available for sale in Covington.

In 2026, the best neighborhood to buy investment property is Covington.

The ROI for Short-Term is higher than the Long-Term in Covington with average rental income of $null.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, IN

412 8th St

Covington, IN

3 beds | 1 baths | 1,136 sq.ft.

$204,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.01%

Airbnb Rental Income: $null

Traditional Rental Income: $1323

Airbnb ROI: N/A

Traditional ROI: 5.01%

1630 W Spring St

Covington, IN

2 beds | 1 baths | 1,464 sq.ft.

$179,000

Airbnb cash on cash: 3.84%

Traditional cash on cash: 3.49%

Airbnb Rental Income: $1363

Traditional Rental Income: $887

Airbnb ROI: 3.84%

Traditional ROI: 3.49%

4942 W 1200 S

Covington, IN

2 beds | 1 baths | 896 sq.ft.

$169,900

Airbnb cash on cash: 3.43%

Traditional cash on cash: 2.63%

Airbnb Rental Income: $1363

Traditional Rental Income: $817

Airbnb ROI: 3.43%

Traditional ROI: 2.63%

110 6th St

Covington, IN

N/A beds | N/A baths | N/A

$81,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.54%

Airbnb Rental Income: $null

Traditional Rental Income: $441

Airbnb ROI: N/A

Traditional ROI: 2.54%

2350 W Us Highway 136

Covington, IN

N/A beds | N/A baths | N/A

$130,000

Airbnb cash on cash: N/A

Traditional cash on cash: 1.42%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A

Traditional ROI: 1.42%

0 W US Highway 136

Covington, IN

N/A beds | N/A baths | N/A

$899,900

Airbnb cash on cash: N/A

Traditional cash on cash: -1.36%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A

Traditional ROI: -1.36%

0 Stringtown South Rd

Covington, IN

N/A beds | N/A baths | N/A

$1,045,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.43%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A

Traditional ROI: -1.43%

15092 N 200 E

Covington, IN

N/A beds | N/A baths | N/A

$1,100,000

Airbnb cash on cash: N/A

Traditional cash on cash: -1.45%

Airbnb Rental Income: $null

Traditional Rental Income: $500

Airbnb ROI: N/A