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 St Covington, IN Welcome to 609 Jefferson St! This beautifully renovated 3 bedroom, 2.5 bathroom home blend...	3 beds \| 2 baths \| 2,924 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%
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.	$180,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.46% Airbnb Rental Income: $null Traditional Rental Income: $887 Airbnb ROI: N/A Traditional ROI: 3.46%
830 Jefferson St Covington, IN Motivated Seller! Charming brick 2BR/1BA home in Covington with quick access to I-74 and e...	2 beds \| 1 baths \| 1,318 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.98% Airbnb Rental Income: $null Traditional Rental Income: $956 Airbnb ROI: N/A Traditional ROI: 3.98%
817 Pearl St Covington, IN Don't miss this nicely remodeled/updated 3 BR 2 BA hoe with large 2-3 car detached garage ...	3 beds \| 2 baths \| 2,325 sq.ft.	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.15% Airbnb Rental Income: $null Traditional Rental Income: $1892 Airbnb ROI: N/A Traditional ROI: 9.15%
801 Washington St Covington, IN Charming Move-In Ready Bungalow in Covington, IN! Welcome to this beautifully maintained ...	3 beds \| 1 baths \| 1,284 sq.ft.	$149,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.54% Airbnb Rental Income: $null Traditional Rental Income: $1626 Airbnb ROI: N/A Traditional ROI: 9.54%
411 Dellwood Dr Covington, IN Welcome to this well maintained 3 Bedroom, 2.5 Bath home with partial basement on over 1/2...	3 beds \| 2 baths \| 2,037 sq.ft.	$344,500	Airbnb cash on cash: N/A Traditional cash on cash: 5.53% Airbnb Rental Income: $null Traditional Rental Income: $2380 Airbnb ROI: N/A Traditional ROI: 5.53%
4942 W 1200 S Covington, IN 4942 W 1200 S, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 896 sq.ft.	$195,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.07% Airbnb Rental Income: $null Traditional Rental Income: $817 Airbnb ROI: N/A Traditional ROI: 2.07%
1116 3rd St Covington, IN 1116 3rd St, Covington, IN 47932 \| Single Family Residential	3 beds \| 1 baths \| 1,563 sq.ft.	$144,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.87% Airbnb Rental Income: $null Traditional Rental Income: $1164 Airbnb ROI: N/A Traditional ROI: 5.87%
2540 W Grubb Ln Covington, IN 2540 W Grubb Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,026 sq.ft.	$359,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.84% Airbnb Rental Income: $null Traditional Rental Income: $2007 Airbnb ROI: N/A Traditional ROI: 3.84%
12008 Spring Creek Dr Covington, IN 12008 Spring Creek Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,026 sq.ft.	$362,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.82% Airbnb Rental Income: $null Traditional Rental Income: $2023 Airbnb ROI: N/A Traditional ROI: 3.82%
12158 Spring Creek Dr Covington, IN 12158 Spring Creek Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,058 sq.ft.	$347,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.08% Airbnb Rental Income: $null Traditional Rental Income: $2028 Airbnb ROI: N/A Traditional ROI: 4.08%
711 Crockett St Covington, IN Welcome to this two-story home in Covington offering classic character and practical livin...	3 beds \| 1 baths \| 1,520 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.98% Airbnb Rental Income: $null Traditional Rental Income: $1166 Airbnb ROI: N/A Traditional ROI: 5.98%
110 6th St Covington, IN 110 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$90,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.11% Airbnb Rental Income: $null Traditional Rental Income: $441 Airbnb ROI: N/A Traditional ROI: 2.11%
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%
404 Eagle Dr Covington, IN 404 Eagle Dr, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 2,734 sq.ft.	$459,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.86% Airbnb Rental Income: $null Traditional Rental Income: $2116 Airbnb ROI: N/A Traditional ROI: 2.86%
217 Eagle Dr Covington, IN 217 Eagle Dr, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$68,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.05% Airbnb Rental Income: $null Traditional Rental Income: $451 Airbnb ROI: N/A Traditional ROI: 3.05%
0 W US Highway 136 Covington, IN 0 W US Highway 136, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$1,030,000	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%
115 Elm Dr Covington, IN Welcome to this beautifully updated 1,700+ sq. ft. ranch home offering the perfect combina...	3 beds \| 2 baths \| 1,768 sq.ft.	$360,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.85% Airbnb Rental Income: $null Traditional Rental Income: $2055 Airbnb ROI: N/A Traditional ROI: 3.85%
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%
114 Red Oak Ln Covington, IN 114 Red Oak Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 2 baths \| 1,540 sq.ft.	$289,999	Airbnb cash on cash: N/A Traditional cash on cash: 4.1% Airbnb Rental Income: $null Traditional Rental Income: $1717 Airbnb ROI: N/A Traditional ROI: 4.1%
408 Sherwood Dr Covington, IN 408 Sherwood Dr, Covington, IN 47932 \| Single Family Residential	4 beds \| 2 baths \| 2,624 sq.ft.	$299,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.14% Airbnb Rental Income: $null Traditional Rental Income: $2058 Airbnb ROI: N/A Traditional ROI: 5.14%
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%
314 Liberty St Covington, IN 314 Liberty St, Covington, IN 47932 \| Single Family Residential	2 beds \| 1 baths \| 1,320 sq.ft.	$324,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.03% Airbnb Rental Income: $null Traditional Rental Income: $972 Airbnb ROI: N/A Traditional ROI: 1.03%
1015 Peach Ln Covington, IN 1015 Peach Ln, Covington, IN 47932 \| Single Family Residential	3 beds \| 3 baths \| 4,298 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 1.4% Airbnb Rental Income: $null Traditional Rental Income: $1911 Airbnb ROI: N/A Traditional ROI: 1.4%
914 6th St Covington, IN 914 6th St, Covington, IN 47932 \| Other	N/A beds \| N/A baths \| N/A	$54,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.76% Airbnb Rental Income: $null Traditional Rental Income: $508 Airbnb ROI: N/A Traditional ROI: 5.76%

Real Estate investment in Covington, IN

There are 25 properties for sale in the city of Covington . The median list price in Covington is $320,000 and the average price per square foot is $141. In March 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $1,237.

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

There are 25 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 St

Covington, IN

3 beds | 2 baths | 2,924 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%

1630 W Spring St

Covington, IN

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

$180,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.46%

Airbnb Rental Income: $null

Traditional Rental Income: $887

Airbnb ROI: N/A

Traditional ROI: 3.46%

830 Jefferson St

Covington, IN

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

$155,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.98%

Airbnb Rental Income: $null

Traditional Rental Income: $956

Airbnb ROI: N/A

Traditional ROI: 3.98%

817 Pearl St

Covington, IN

3 beds | 2 baths | 2,325 sq.ft.

$179,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.15%

Airbnb Rental Income: $null

Traditional Rental Income: $1892

Airbnb ROI: N/A

Traditional ROI: 9.15%

801 Washington St

Covington, IN

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

$149,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.54%

Airbnb Rental Income: $null

Traditional Rental Income: $1626

Airbnb ROI: N/A

Traditional ROI: 9.54%

411 Dellwood Dr

Covington, IN

3 beds | 2 baths | 2,037 sq.ft.

$344,500

Airbnb cash on cash: N/A

Traditional cash on cash: 5.53%

Airbnb Rental Income: $null

Traditional Rental Income: $2380

Airbnb ROI: N/A

Traditional ROI: 5.53%

4942 W 1200 S

Covington, IN

2 beds | 1 baths | 896 sq.ft.

$195,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.07%

Airbnb Rental Income: $null

Traditional Rental Income: $817

Airbnb ROI: N/A

Traditional ROI: 2.07%

1116 3rd St

Covington, IN

3 beds | 1 baths | 1,563 sq.ft.

$144,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1164

Airbnb ROI: N/A