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
4312 Church St Covington, KY Spacious & Charming 4-Bedroom, 2-Full Bath 2-StoryHardwood Flooring*Bedroom & Full Bath ...	3 beds \| 2 baths \| 1,615 sq.ft.	$220,000	Airbnb cash on cash: 1.25% Traditional cash on cash: 6.19% Airbnb Rental Income: $1115 Traditional Rental Income: $1768 Airbnb ROI: 1.25% Traditional ROI: 6.19%
2609 Greenup Street Covington, KY Multifamily \| Income-Producing Opportunity Excellent opportunity to own a charming 2-story...	4 beds \| 2 baths \| 1,848 sq.ft.	$285,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 2.79% Airbnb Rental Income: $1428 Traditional Rental Income: $1340 Airbnb ROI: 1.53% Traditional ROI: 2.79%
1217 Highway Avenue Covington, KY Incredibly maintained home with detailed original woodwork, original hardwood floors, wood...	3 beds \| 2 baths \| 2,346 sq.ft.	$399,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4% Airbnb Rental Income: $1115 Traditional Rental Income: $2190 Airbnb ROI: 0.12% Traditional ROI: 4%
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.	$289,000	Airbnb cash on cash: 0.77% Traditional cash on cash: 5.45% Airbnb Rental Income: $1115 Traditional Rental Income: $2015 Airbnb ROI: 0.77% Traditional ROI: 5.45%
1112 W Pike Street Covington, KY Gorgeous duplex in up and coming Covington with 6 OFF STREET parking spots with views of t...	N/A beds \| N/A baths \| 1,462 sq.ft.	$315,000	Airbnb cash on cash: -1.15% Traditional cash on cash: 4.04% Airbnb Rental Income: $582 Traditional Rental Income: $1835 Airbnb ROI: -1.15% Traditional ROI: 4.04%
2009 Greenup Street Covington, KY Welcome to 2009 Greenup Street, a unique gem nestled in a highly desirable neighborhood, o...	N/A beds \| N/A baths \| N/A	$295,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 6.5% Airbnb Rental Income: $582 Traditional Rental Income: $2412 Airbnb ROI: -1.12% Traditional ROI: 6.5%
1 Roebling Way #906 Covington, KY Prepare to be wowed by walls of windows and panoramic views in this stunning 2-bedroom, 2....	2 beds \| 3 baths \| 2,077 sq.ft.	$799,900	Airbnb cash on cash: -3.31% Traditional cash on cash: -0.13% Airbnb Rental Income: $935 Traditional Rental Income: $2956 Airbnb ROI: -3.31% Traditional ROI: -0.13%
209 Junction Way Covington, KY New construction by Fischer Homes in the beautiful Cityview Station community, featuring t...	3 beds \| 2 baths \| 2,547 sq.ft.	$705,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 1.36% Airbnb Rental Income: $1115 Traditional Rental Income: $2267 Airbnb ROI: -0.96% Traditional ROI: 1.36%
2038 Greenup Street Covington, KY Welcome home to this completely remodeled gem in the heart of Wallace Woods! Every detail ...	4 beds \| 3 baths \| 1,698 sq.ft.	$349,900	Airbnb cash on cash: 1.42% Traditional cash on cash: 4.08% Airbnb Rental Income: $1428 Traditional Rental Income: $1875 Airbnb ROI: 1.42% Traditional ROI: 4.08%
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: 3.91% Traditional cash on cash: 9.53% Airbnb Rental Income: $935 Traditional Rental Income: $1136 Airbnb ROI: 3.91% Traditional ROI: 9.53%
108 Kennedy Rd Covington, KY Spectacular opportunity to own this 3 bedroom, 2.5 bathroom home in Fort Wright! Freshly r...	3 beds \| 2 baths \| 1,248 sq.ft.	$349,000	Airbnb cash on cash: 0.44% Traditional cash on cash: 3.27% Airbnb Rental Income: $1115 Traditional Rental Income: $1696 Airbnb ROI: 0.44% Traditional ROI: 3.27%
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.	$274,900	Airbnb cash on cash: 1.01% Traditional cash on cash: 4.24% Airbnb Rental Income: $1115 Traditional Rental Income: $1577 Airbnb ROI: 1.01% Traditional ROI: 4.24%
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: 0.26% Traditional cash on cash: 4.27% Airbnb Rental Income: $1115 Traditional Rental Income: $2206 Airbnb ROI: 0.26% 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: 1.77% Traditional cash on cash: 6.06% Airbnb Rental Income: $1115 Traditional Rental Income: $1574 Airbnb ROI: 1.77% Traditional ROI: 6.06%
1953 Pieck Dr Covington, KY 1953 Pieck Dr, Covington, KY 41011 \| Single Family Residential	3 beds \| 3 baths \| 1,900 sq.ft.	$299,999	Airbnb cash on cash: 0.44% Traditional cash on cash: 4.8% Airbnb Rental Income: $1115 Traditional Rental Income: $1973 Airbnb ROI: 0.44% Traditional ROI: 4.8%
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: -0.69% Traditional cash on cash: 2.09% Airbnb Rental Income: $1428 Traditional Rental Income: $3034 Airbnb ROI: -0.69% 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: 1.78% Traditional cash on cash: 5.41% Airbnb Rental Income: $1428 Traditional Rental Income: $1908 Airbnb ROI: 1.78% 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: -1.49% Traditional cash on cash: -0.02% Airbnb Rental Income: $935 Traditional Rental Income: $2229 Airbnb ROI: -1.49% 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: -0.75% Traditional cash on cash: 0.89% Airbnb Rental Income: $1115 Traditional Rental Income: $1731 Airbnb ROI: -0.75% Traditional ROI: 0.89%
109 Daniels Street Covington, KY Excellent investment opportunity in Latonia (Covington, KY 41015)! This multi-family prope...	3 beds \| 1 baths \| 1,464 sq.ft.	$244,999	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.27% Airbnb Rental Income: $1115 Traditional Rental Income: $1279 Airbnb ROI: 0.94% Traditional ROI: 3.27%
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: -0.18% Traditional cash on cash: 3.21% Airbnb Rental Income: $636 Traditional Rental Income: $950 Airbnb ROI: -0.18% Traditional ROI: 3.21%
2388 Bella Covington, KY 2388 Bella, Covington, KY 41017 \| Townhouse	2 beds \| 2 baths \| 2,195 sq.ft.	$349,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 3.35% Airbnb Rental Income: $935 Traditional Rental Income: $2101 Airbnb ROI: -1.14% Traditional ROI: 3.35%
1523 Greenup Street #1, 2 ,3 Covington, KY Nicely update 2 unit building with a 1 unit above the garages. All units have been remodel...	6 beds \| 3 baths \| 925 sq.ft.	$495,900	Airbnb cash on cash: 0.44% Traditional cash on cash: 1.72% Airbnb Rental Income: $1614 Traditional Rental Income: $1749 Airbnb ROI: 0.44% Traditional ROI: 1.72%
208 W 4th Street unit: 302 Covington, KY Enjoy urban living in this beautifully designed 1-bedroom, 1-bath condo located next to Ru...	1 beds \| 1 baths \| 1,065 sq.ft.	$425,000	Airbnb cash on cash: -1.23% Traditional cash on cash: 1.81% Airbnb Rental Income: $636 Traditional Rental Income: $1551 Airbnb ROI: -1.23% Traditional ROI: 1.81%
244 W 4th Street Covington, KY Discover Covington's newest neighborhood, Covington Central Riverfront, where timeless arc...	3 beds \| 4 baths \| 3,300 sq.ft.	$950,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.32% Airbnb Rental Income: $1115 Traditional Rental Income: $2896 Airbnb ROI: -1.12% Traditional ROI: 1.32%
232 W 4th Street Covington, KY Discover Covington's newest neighborhood, Covington Central Riverfront, where timeless arc...	3 beds \| 4 baths \| 3,300 sq.ft.	$950,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.22% Airbnb Rental Income: $1115 Traditional Rental Income: $2815 Airbnb ROI: -1.12% Traditional ROI: 1.22%
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: 0.79% Traditional cash on cash: 5.35% Airbnb Rental Income: $1115 Traditional Rental Income: $1860 Airbnb ROI: 0.79% 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: -1.02% Traditional cash on cash: 3.57% Airbnb Rental Income: $935 Traditional Rental Income: $3331 Airbnb ROI: -1.02% 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: 0.99% Traditional cash on cash: 6.99% Airbnb Rental Income: $1428 Traditional Rental Income: $2918 Airbnb ROI: 0.99% Traditional ROI: 6.99%
1557 Don Martin Dr Covington, KY 1557 Don Martin Dr, Covington, KY 41011 \| Townhouse	2 beds \| 2 baths \| 1,842 sq.ft.	$240,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 3.48% Airbnb Rental Income: $935 Traditional Rental Income: $1704 Airbnb ROI: -1.43% Traditional ROI: 3.48%
9 Alberta St Covington, KY 9 Alberta St, Covington, KY 41016 \| Single Family Residential	1 beds \| 1 baths \| 576 sq.ft.	$144,900	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.48% Airbnb Rental Income: $636 Traditional Rental Income: $556 Airbnb ROI: -0.07% Traditional ROI: 1.48%
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.	$175,000	Airbnb cash on cash: -0.3% Traditional cash on cash: 3.31% Airbnb Rental Income: $636 Traditional Rental Income: $943 Airbnb ROI: -0.3% Traditional ROI: 3.31%
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: 1.15% Traditional cash on cash: 5.28% Airbnb Rental Income: $935 Traditional Rental Income: $1298 Airbnb ROI: 1.15% 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: 2.52% Traditional cash on cash: 9.59% Airbnb Rental Income: $935 Traditional Rental Income: $1376 Airbnb ROI: 2.52% Traditional ROI: 9.59%
2444 Warren Street Covington, KY Welcome home! This cozy 2-bedroom, 1-bath gem in Covington features inviting living spaces...	2 beds \| 1 baths \| 779 sq.ft.	$189,900	Airbnb cash on cash: 0.9% Traditional cash on cash: 3.22% Airbnb Rental Income: $935 Traditional Rental Income: $1009 Airbnb ROI: 0.9% Traditional ROI: 3.22%
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: 1.77% Traditional cash on cash: 5.62% Airbnb Rental Income: $1115 Traditional Rental Income: $1399 Airbnb ROI: 1.77% Traditional ROI: 5.62%
1946 Eastern Avenue Covington, KY Well-maintained historic duplex with strong potential for owner-occupancy or investment. T...	2 beds \| 2 baths \| 2,856 sq.ft.	$350,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 4.38% Airbnb Rental Income: $935 Traditional Rental Income: $2003 Airbnb ROI: 0.08% Traditional ROI: 4.38%
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: -0.43% Traditional cash on cash: 3.09% Airbnb Rental Income: $636 Traditional Rental Income: $1822 Airbnb ROI: -0.43% Traditional ROI: 3.09%
1590 Marcella Dr Covington, KY 1590 Marcella Dr, Covington, KY 41011 \| Single Family Residential	3 beds \| 2 baths \| 1,066 sq.ft.	$349,900	Airbnb cash on cash: 0.12% Traditional cash on cash: 1.77% Airbnb Rental Income: $1115 Traditional Rental Income: $1284 Airbnb ROI: 0.12% Traditional ROI: 1.77%
1760 Montague Rd Covington, KY 1760 Montague Rd, Covington, KY 41016 \| Single Family Residential	3 beds \| 2 baths \| 1,039 sq.ft.	$298,500	Airbnb cash on cash: 0.44% Traditional cash on cash: 2.41% Airbnb Rental Income: $1115 Traditional Rental Income: $1297 Airbnb ROI: 0.44% Traditional ROI: 2.41%

Real Estate investment in Covington, KY

There are 40 properties for sale in the city of Covington . The median list price in Covington is $315,000 and the average price per square foot is $180. In May 2026, the average monthly cash on cash return in Covington is 3.00%. The average monthly rental income in Covington is $1,582.

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

There are 40 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 $935.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, KY

4312 Church St

Covington, KY

3 beds | 2 baths | 1,615 sq.ft.

$220,000

Airbnb cash on cash: 1.25%

Traditional cash on cash: 6.19%

Airbnb Rental Income: $1115

Traditional Rental Income: $1768

Airbnb ROI: 1.25%

Traditional ROI: 6.19%

2609 Greenup Street

Covington, KY

4 beds | 2 baths | 1,848 sq.ft.

$285,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 2.79%

Airbnb Rental Income: $1428

Traditional Rental Income: $1340

Airbnb ROI: 1.53%

Traditional ROI: 2.79%

1217 Highway Avenue

Covington, KY

3 beds | 2 baths | 2,346 sq.ft.

$399,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 4%

Airbnb Rental Income: $1115

Traditional Rental Income: $2190

Airbnb ROI: 0.12%

Traditional ROI: 4%

9163 Blueridge Drive

Covington, KY

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

$289,000

Airbnb cash on cash: 0.77%

Traditional cash on cash: 5.45%

Airbnb Rental Income: $1115

Traditional Rental Income: $2015

Airbnb ROI: 0.77%

Traditional ROI: 5.45%

1112 W Pike Street

Covington, KY

N/A beds | N/A baths | 1,462 sq.ft.

$315,000

Airbnb cash on cash: -1.15%

Traditional cash on cash: 4.04%

Airbnb Rental Income: $582

Traditional Rental Income: $1835

Airbnb ROI: -1.15%

Traditional ROI: 4.04%

2009 Greenup Street

Covington, KY

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

$295,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 6.5%

Airbnb Rental Income: $582

Traditional Rental Income: $2412

Airbnb ROI: -1.12%

Traditional ROI: 6.5%

1 Roebling Way #906

Covington, KY

2 beds | 3 baths | 2,077 sq.ft.

$799,900

Airbnb cash on cash: -3.31%

Traditional cash on cash: -0.13%

Airbnb Rental Income: $935

Traditional Rental Income: $2956

Airbnb ROI: -3.31%

Traditional ROI: -0.13%

209 Junction Way

Covington, KY

3 beds | 2 baths | 2,547 sq.ft.

$705,000

Airbnb cash on cash: -0.96%

Traditional cash on cash: 1.36%

Airbnb Rental Income: $1115

Traditional Rental Income: $2267

Airbnb ROI: -0.96%