Real Estate Investment Properties for Sale in Covington, KY

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

Explore a variety of short-term homes & houses in Covington, KY. Invest wisely with VRBO & Covington, KY 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, KY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1906 Oakland Avenue Covington, KY Solid investor opportunity in Covington's Wallace Woods area. 3 bed, 1 bath brick home, 1,...	3 beds \| 1 baths \| 1,346 sq.ft.	$130,000	Airbnb cash on cash: 4.36% Traditional cash on cash: 8.69% Airbnb Rental Income: $1270 Traditional Rental Income: $1410 Airbnb ROI: 4.36% Traditional ROI: 8.69%
1 Howard Rd Covington, KY Estate sale, priced below market to allow for repairs and updating. Being sold "As Is", se...	2 beds \| 2 baths \| 899 sq.ft.	$269,000	Airbnb cash on cash: 1.28% Traditional cash on cash: 3.5% Airbnb Rental Income: $1292 Traditional Rental Income: $1452 Airbnb ROI: 1.28% Traditional ROI: 3.5%
818 Crescent Avenue Covington, KY Most Covington row homes give you charm. This one gives you charm and a backyard you'll ac...	3 beds \| 2 baths \| 1,625 sq.ft.	$310,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 4.32% Airbnb Rental Income: $1270 Traditional Rental Income: $1892 Airbnb ROI: 0.81% Traditional ROI: 4.32%
3515 Carlisle Ave Covington, KY Great opportunity to make this one your own. No outlet street. Come and see it today. More...	3 beds \| 2 baths \| 1,584 sq.ft.	$210,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 6.66% Airbnb Rental Income: $1270 Traditional Rental Income: $1789 Airbnb ROI: 2.04% Traditional ROI: 6.66%
2369 Piazza Ridge Covington, KY Monticello floor plan condo tucked at the back of Tuscany. Walks right out to the 12x8 cov...	2 beds \| 2 baths \| N/A	$239,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 6.02% Airbnb Rental Income: $1292 Traditional Rental Income: $2031 Airbnb ROI: 0.96% Traditional ROI: 6.02%
1760 Montague Rd Covington, KY Desirable Devou Park, steps to trails, golf, museum, minutes to downtown, three bedrooms, ...	3 beds \| 2 baths \| 1,039 sq.ft.	$279,000	Airbnb cash on cash: 1.86% Traditional cash on cash: 4.92% Airbnb Rental Income: $1270 Traditional Rental Income: $1675 Airbnb ROI: 1.86% Traditional ROI: 4.92%
9163 Blueridge Drive Covington, KY This updated ranch home offers 3 bedrooms and 1 full bath with approximately 1,402 square ...	3 beds \| 2 baths \| 1,796 sq.ft.	$281,000	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.63% Airbnb Rental Income: $1270 Traditional Rental Income: $2015 Airbnb ROI: 1.31% Traditional ROI: 5.63%
523 Linden St Covington, KY Looking for an investment Property? Handypersons special. Fix and Remodel this home. 2 bed...	2 beds \| 1 baths \| 1,104 sq.ft.	$104,900	Airbnb cash on cash: 5.96% Traditional cash on cash: 9.21% Airbnb Rental Income: $1292 Traditional Rental Income: $1218 Airbnb ROI: 5.96% Traditional ROI: 9.21%
319 Altamont Road Covington, KY Charming and full of character! This beautifully updated 1-bedroom, 1.5-bath home offers a...	2 beds \| 2 baths \| 904 sq.ft.	$100,000	Airbnb cash on cash: 6.97% Traditional cash on cash: 9.53% Airbnb Rental Income: $1292 Traditional Rental Income: $1136 Airbnb ROI: 6.97% Traditional ROI: 9.53%
436 Hazen St Covington, KY Wonderful 3 bdrm home w off street parking and a partial Cincinnati Skyline view - Home ne...	3 beds \| 1 baths \| 1,173 sq.ft.	$267,900	Airbnb cash on cash: 1.57% Traditional cash on cash: 4.37% Airbnb Rental Income: $1270 Traditional Rental Income: $1577 Airbnb ROI: 1.57% Traditional ROI: 4.37%
16 E 18th Street Covington, KY Welcome to the vibrant Austinberg-one of Covington's best-kept secrets! This beautifully u...	3 beds \| 3 baths \| 1,878 sq.ft.	$389,900	Airbnb cash on cash: 0.62% Traditional cash on cash: 4.27% Airbnb Rental Income: $1270 Traditional Rental Income: $2206 Airbnb ROI: 0.62% Traditional ROI: 4.27%
30 W 28th Street Covington, KY Charming, move-in ready 3-bedroom, 2-bath home in the heart of Latonia! This updated two-s...	3 beds \| 2 baths \| 1,157 sq.ft.	$205,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 6.06% Airbnb Rental Income: $1270 Traditional Rental Income: $1574 Airbnb ROI: 2.44% Traditional ROI: 6.06%
213 Junction Way Covington, KY New construction by Fischer Homes in the beautiful Cityview Station community, featuring t...	4 beds \| 3 baths \| 3,096 sq.ft.	$783,000	Airbnb cash on cash: -0.53% Traditional cash on cash: 2.09% Airbnb Rental Income: $1573 Traditional Rental Income: $3034 Airbnb ROI: -0.53% Traditional ROI: 2.09%
463 465 Hazen St Covington, KY 463 465 Hazen St, Covington, KY 41016 \| Multi Family	4 beds \| 2 baths \| 2,730 sq.ft.	$264,900	Airbnb cash on cash: 2.26% Traditional cash on cash: 5.41% Airbnb Rental Income: $1573 Traditional Rental Income: $1908 Airbnb ROI: 2.26% Traditional ROI: 5.41%
1150 Shavano Drive #35 Covington, KY WOW, Perched above the city on the penthouse floor, this 2,500-square-foot luxury condo of...	2 beds \| 3 baths \| 2,365 sq.ft.	$1,200,000	Airbnb cash on cash: -1.22% Traditional cash on cash: -0.02% Airbnb Rental Income: $1292 Traditional Rental Income: $2229 Airbnb ROI: -1.22% Traditional ROI: -0.02%
501 Johnson Street Covington, KY Exceptional renovated triplex in the heart of Covington, KY--just steps from Cincinnati an...	3 beds \| 4 baths \| 3,186 sq.ft.	$649,900	Airbnb cash on cash: -0.53% Traditional cash on cash: 0.89% Airbnb Rental Income: $1270 Traditional Rental Income: $1731 Airbnb ROI: -0.53% Traditional ROI: 0.89%
704 W 35th Street Covington, KY This house is almost brand new! Unlike most around it- this home has HVAC- and it's brand ...	1 beds \| 1 baths \| 720 sq.ft.	$189,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 3.21% Airbnb Rental Income: $987 Traditional Rental Income: $950 Airbnb ROI: 1.44% Traditional ROI: 3.21%
1735 Woodburn Avenue Covington, KY Stop renting. Start building equity--in the heart of Covington. This updated 3-bedroom bri...	3 beds \| 2 baths \| 1,255 sq.ft.	$259,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 5.35% Airbnb Rental Income: $1270 Traditional Rental Income: $1860 Airbnb ROI: 1.31% Traditional ROI: 5.35%
1 Roebling Way #401 Covington, KY Luxury living in a premier Covington location offered at an incredible value. This 2-bedro...	2 beds \| 3 baths \| 1,957 sq.ft.	$639,900	Airbnb cash on cash: -0.52% Traditional cash on cash: 3.57% Airbnb Rental Income: $1292 Traditional Rental Income: $3331 Airbnb ROI: -0.52% Traditional ROI: 3.57%
407 E 17th Street Covington, KY HISTORIC CHARM MEETS MODERN LUXURY. Welcome to this beautifully maintained historic home i...	4 beds \| 3 baths \| 2,800 sq.ft.	$339,900	Airbnb cash on cash: 1.37% Traditional cash on cash: 6.99% Airbnb Rental Income: $1573 Traditional Rental Income: $2918 Airbnb ROI: 1.37% Traditional ROI: 6.99%
935 Highway Avenue Covington, KY Wake up to beautiful Ohio River views in this cozy 1-bedroom, 1-bath home nestled in Covin...	1 beds \| 1 baths \| 667 sq.ft.	$159,000	Airbnb cash on cash: 1.69% Traditional cash on cash: 3.73% Airbnb Rental Income: $987 Traditional Rental Income: $943 Airbnb ROI: 1.69% Traditional ROI: 3.73%
15 Juarez Circle Covington, KY Opportunity knocks at 15 Juarez Circle! This 2-bedroom, 1-bath home is full of potential a...	2 beds \| 1 baths \| 1,045 sq.ft.	$179,900	Airbnb cash on cash: 2.89% Traditional cash on cash: 5.28% Airbnb Rental Income: $1292 Traditional Rental Income: $1298 Airbnb ROI: 2.89% Traditional ROI: 5.28%
3507 Carlisle Avenue Covington, KY Charming 2-bedroom, 1-bath home offering 1,056 square feet of living space on a 3,049 squa...	2 beds \| 1 baths \| 1,056 sq.ft.	$115,000	Airbnb cash on cash: 5.2% Traditional cash on cash: 9.59% Airbnb Rental Income: $1292 Traditional Rental Income: $1376 Airbnb ROI: 5.2% Traditional ROI: 9.59%
4510 Virginia Avenue Covington, KY Charming 3-bedroom, 1-bath home located in the heart of Latonia! This property features be...	3 beds \| 1 baths \| 1,276 sq.ft.	$179,900	Airbnb cash on cash: 2.53% Traditional cash on cash: 5.62% Airbnb Rental Income: $1270 Traditional Rental Income: $1399 Airbnb ROI: 2.53% Traditional ROI: 5.62%
1 Roebling Way #505 Covington, KY Live in one of Northern Kentucky's most iconic addresses--Ascent at Roebling's Bridge. Thi...	1 beds \| 2 baths \| 1,093 sq.ft.	$450,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 3.09% Airbnb Rental Income: $987 Traditional Rental Income: $1822 Airbnb ROI: 0.27% Traditional ROI: 3.09%
4347 Vermont Avenue Covington, KY A Blank Canvas Ready for Your Inspiration! Charming Two-story Within Walking Distance of A...	2 beds \| 2 baths \| 1,108 sq.ft.	$145,000	Airbnb cash on cash: 3.89% Traditional cash on cash: 8.74% Airbnb Rental Income: $1292 Traditional Rental Income: $1561 Airbnb ROI: 3.89% Traditional ROI: 8.74%
1717 Mount Vernon Dr Covington, KY 1717 Mount Vernon Dr, Covington, KY 41011 \| Single Family Residential	3 beds \| 2 baths \| 2,278 sq.ft.	$399,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 3.09% Airbnb Rental Income: $1270 Traditional Rental Income: $1941 Airbnb ROI: 0.22% Traditional ROI: 3.09%
3911 Gilbert Ave Covington, KY Great investment opportunity! This solid-built 2 bed /1 bath home offers the chance for a ...	2 beds \| 1 baths \| 1,192 sq.ft.	$189,900	Airbnb cash on cash: 2.68% Traditional cash on cash: 5.07% Airbnb Rental Income: $1292 Traditional Rental Income: $1318 Airbnb ROI: 2.68% Traditional ROI: 5.07%

Real Estate investment in Covington, KY

There are 28 properties for sale in the city of Covington . The median list price in Covington is $233,280 and the average price per square foot is $144. In June 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $1,542.

Covington, KY 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 Long-Term is higher than the Short-Term in Covington with average rental income of $1,542.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, KY

1906 Oakland Avenue

Covington, KY

3 beds | 1 baths | 1,346 sq.ft.

$130,000

Airbnb cash on cash: 4.36%

Traditional cash on cash: 8.69%

Airbnb Rental Income: $1270

Traditional Rental Income: $1410

Airbnb ROI: 4.36%

Traditional ROI: 8.69%

1 Howard Rd

Covington, KY

2 beds | 2 baths | 899 sq.ft.

$269,000

Airbnb cash on cash: 1.28%

Traditional cash on cash: 3.5%

Airbnb Rental Income: $1292

Traditional Rental Income: $1452

Airbnb ROI: 1.28%

Traditional ROI: 3.5%

818 Crescent Avenue

Covington, KY

3 beds | 2 baths | 1,625 sq.ft.

$310,000

Airbnb cash on cash: 0.81%

Traditional cash on cash: 4.32%

Airbnb Rental Income: $1270

Traditional Rental Income: $1892

Airbnb ROI: 0.81%

Traditional ROI: 4.32%

3515 Carlisle Ave

Covington, KY

3 beds | 2 baths | 1,584 sq.ft.

$210,000

Airbnb cash on cash: 2.04%

Traditional cash on cash: 6.66%

Airbnb Rental Income: $1270

Traditional Rental Income: $1789

Airbnb ROI: 2.04%

Traditional ROI: 6.66%

2369 Piazza Ridge

Covington, KY

2 beds | 2 baths | N/A

$239,000

Airbnb cash on cash: 0.96%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $1292

Traditional Rental Income: $2031

Airbnb ROI: 0.96%

Traditional ROI: 6.02%

1760 Montague Rd

Covington, KY

3 beds | 2 baths | 1,039 sq.ft.

$279,000

Airbnb cash on cash: 1.86%

Traditional cash on cash: 4.92%

Airbnb Rental Income: $1270

Traditional Rental Income: $1675

Airbnb ROI: 1.86%

Traditional ROI: 4.92%

9163 Blueridge Drive

Covington, KY

3 beds | 2 baths | 1,796 sq.ft.

$281,000

Airbnb cash on cash: 1.31%

Traditional cash on cash: 5.63%

Airbnb Rental Income: $1270

Traditional Rental Income: $2015

Airbnb ROI: 1.31%

Traditional ROI: 5.63%

523 Linden St

Covington, KY

2 beds | 1 baths | 1,104 sq.ft.

$104,900

Airbnb cash on cash: 5.96%

Traditional cash on cash: 9.21%

Airbnb Rental Income: $1292

Traditional Rental Income: $1218

Airbnb ROI: 5.96%