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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
609 Jefferson Street Covington, IN Welcome to 609 Jefferson St! This beautiful 3 bed, 2.5 bath home is full of character and ...	3 beds \| 3 baths \| 2,374 sq.ft.	$275,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.1% Airbnb Rental Income: $null Traditional Rental Income: $2682 Airbnb ROI: N/A Traditional ROI: 8.1%
830 Jefferson Street Covington, IN Charming brick 2BR/1BA home in Covington featuring fresh vinyl plank flooring, a spacious ...	2 beds \| 1 baths \| 1,318 sq.ft.	$165,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.64% Airbnb Rental Income: $null Traditional Rental Income: $956 Airbnb ROI: N/A Traditional ROI: 3.64%
601 Railroad Street Covington, IN Discover your dream home in a prime location near Covington Schools, the City Park and the...	3 beds \| 3 baths \| 1,900 sq.ft.	$339,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.75% Airbnb Rental Income: $null Traditional Rental Income: $2315 Airbnb ROI: N/A Traditional ROI: 5.75%
801 Washington Street Covington, IN Charming Move-In Ready Bungalow in Covington, IN! Welcome to this beautifully maintained ...	2 beds \| 2 baths \| 1,284 sq.ft.	$159,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.9% Airbnb Rental Income: $null Traditional Rental Income: $1626 Airbnb ROI: N/A Traditional ROI: 8.9%
1111 Washington Street Covington, IN QUALITY CRAFTMANSHIPand thoughtful design perfectly describes this beautifully maintai...	4 beds \| 5 baths \| 5,538 sq.ft.	$520,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.24% Airbnb Rental Income: $null Traditional Rental Income: $5420 Airbnb ROI: N/A Traditional ROI: 9.24%
1391 S River Road Covington, IN Wow! This meticulously maintained 4-bed, 2.5-bath home sits atop a hill, tucked away at th...	5 beds \| 4 baths \| 3,200 sq.ft.	$529,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.86% Airbnb Rental Income: $null Traditional Rental Income: $3637 Airbnb ROI: N/A Traditional ROI: 5.86%
918 2nd Street Covington, IN A Must-See Home in the Heart of Covington! Discover this spacious and versatile home offe...	3 beds \| 3 baths \| 2,940 sq.ft.	$215,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.36% Airbnb Rental Income: $null Traditional Rental Income: $2735 Airbnb ROI: N/A Traditional ROI: 11.36%
15250 Vermillion Lane Covington, IN Discover this stunning two-story Craftsman style home, perfectly set on a beautiful one-ac...	4 beds \| 3 baths \| 3,244 sq.ft.	$645,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.1% Airbnb Rental Income: $null Traditional Rental Income: $2740 Airbnb ROI: N/A Traditional ROI: 3.1%

Real Estate investment in Covington, IN

There are 8 properties for sale in the city of Covington . The median list price in Covington is $307,450 and the average price per square foot is $113. In December 2025, the average monthly cash on cash return in Covington is 7.00%. The average monthly rental income in Covington is $2,709.

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

There are 8 investment properties available for sale in Covington.

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

Your search for investment property begins and ends here

Investment Property for Sale in Covington, IN

609 Jefferson Street

Covington, IN

3 beds | 3 baths | 2,374 sq.ft.

$275,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.1%

Airbnb Rental Income: $null

Traditional Rental Income: $2682

Airbnb ROI: N/A

Traditional ROI: 8.1%

830 Jefferson Street

Covington, IN

2 beds | 1 baths | 1,318 sq.ft.

$165,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.64%

Airbnb Rental Income: $null

Traditional Rental Income: $956

Airbnb ROI: N/A

Traditional ROI: 3.64%

601 Railroad Street

Covington, IN

3 beds | 3 baths | 1,900 sq.ft.

$339,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.75%

Airbnb Rental Income: $null

Traditional Rental Income: $2315

Airbnb ROI: N/A

Traditional ROI: 5.75%

801 Washington Street

Covington, IN

2 beds | 2 baths | 1,284 sq.ft.

$159,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.9%

Airbnb Rental Income: $null

Traditional Rental Income: $1626

Airbnb ROI: N/A

Traditional ROI: 8.9%

1111 Washington Street

Covington, IN

4 beds | 5 baths | 5,538 sq.ft.

$520,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.24%

Airbnb Rental Income: $null

Traditional Rental Income: $5420

Airbnb ROI: N/A

Traditional ROI: 9.24%

1391 S River Road

Covington, IN

5 beds | 4 baths | 3,200 sq.ft.

$529,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.86%

Airbnb Rental Income: $null

Traditional Rental Income: $3637

Airbnb ROI: N/A

Traditional ROI: 5.86%

918 2nd Street

Covington, IN

3 beds | 3 baths | 2,940 sq.ft.

$215,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.36%

Airbnb Rental Income: $null

Traditional Rental Income: $2735

Airbnb ROI: N/A

Traditional ROI: 11.36%

15250 Vermillion Lane

Covington, IN

4 beds | 3 baths | 3,244 sq.ft.

$645,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.1%

Airbnb Rental Income: $null

Traditional Rental Income: $2740

Airbnb ROI: N/A