Real Estate Investment Properties for Sale in Covington, LA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
564 BOCAGE Court Covington, LA Come discover one of TerraBella Village's most charming and distinctive homes! This beauti...	3 beds \| 3 baths \| 2,602 sq.ft.	$699,000	Airbnb cash on cash: 0.38% Traditional cash on cash: 2.01% Airbnb Rental Income: $1857 Traditional Rental Income: $2425 Airbnb ROI: 0.38% Traditional ROI: 2.01%
20366 HELENBIRG Road Covington, LA This charming home has been thoughtfully updated and sits on a large, versatile lot with e...	4 beds \| 2 baths \| 1,979 sq.ft.	$337,000	Airbnb cash on cash: 3.9% Traditional cash on cash: 5.2% Airbnb Rental Income: $2408 Traditional Rental Income: $2229 Airbnb ROI: 3.9% Traditional ROI: 5.2%
344 ORMOND Drive Covington, LA Welcome to a home where space, light, and design come together effortlessly. From the mome...	4 beds \| 3 baths \| 2,676 sq.ft.	$599,900	Airbnb cash on cash: 1.51% Traditional cash on cash: 3.77% Airbnb Rental Income: $2408 Traditional Rental Income: $3083 Airbnb ROI: 1.51% Traditional ROI: 3.77%
20216 S RIVER PARC Drive Covington, LA This stunning home offers a perfect blend of peaceful country living just minutes from dow...	4 beds \| 3 baths \| 2,182 sq.ft.	$414,900	Airbnb cash on cash: 2.66% Traditional cash on cash: 3.43% Airbnb Rental Income: $2408 Traditional Rental Income: $2116 Airbnb ROI: 2.66% Traditional ROI: 3.43%
75578 RIVER Road Covington, LA This 9.46 acre estate is nestled on the white sands of the Bogue Falaya River, features a ...	4 beds \| 5 baths \| 6,165 sq.ft.	$1,890,000	Airbnb cash on cash: -0.56% Traditional cash on cash: 1.32% Airbnb Rental Income: $2408 Traditional Rental Income: $5123 Airbnb ROI: -0.56% Traditional ROI: 1.32%
23160 LOWE DAVIS RD Covington, LA Finish this dream opportunity on 22.94 scenic acres in a peaceful rural setting, featuring...	3 beds \| 4 baths \| 3,120 sq.ft.	$850,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 1.91% Airbnb Rental Income: $1857 Traditional Rental Income: $2828 Airbnb ROI: 0.05% Traditional ROI: 1.91%
23375 LOWE DAVIS Road Covington, LA Multi-generational living complete with separate guest house and rental income. Looking on...	N/A beds \| N/A baths \| 4,249 sq.ft.	$698,000	Airbnb cash on cash: -1.08% Traditional cash on cash: 5.28% Airbnb Rental Income: $841 Traditional Rental Income: $4650 Airbnb ROI: -1.08% Traditional ROI: 5.28%
75717 RICKELIN Drive Covington, LA Stop the search, this is the one you've been waiting for! This beautifully maintained 4 be...	4 beds \| 3 baths \| 2,708 sq.ft.	$350,000	Airbnb cash on cash: 4.16% Traditional cash on cash: 6.36% Airbnb Rental Income: $2408 Traditional Rental Income: $2542 Airbnb ROI: 4.16% Traditional ROI: 6.36%
124 BAY TREE MANOR Drive Covington, LA Refined living meets timeless design in this 3BR/2.5BA home set on a 60x125 lot in Terrabe...	3 beds \| 3 baths \| 2,390 sq.ft.	$659,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 3.09% Airbnb Rental Income: $1857 Traditional Rental Income: $2622 Airbnb ROI: 1.04% Traditional ROI: 3.09%
70306 K Street Covington, LA Welcome home to this charming Acadian style home set on a spacious lot in a highly conveni...	3 beds \| 2 baths \| 1,374 sq.ft.	$220,000	Airbnb cash on cash: 4.41% Traditional cash on cash: 5.66% Airbnb Rental Income: $1857 Traditional Rental Income: $1619 Airbnb ROI: 4.41% Traditional ROI: 5.66%
624 TARTAN Trace Covington, LA Contemporary custom-built home only 6 years young, situated on 2.10 beautiful acres in one...	4 beds \| 3 baths \| 2,378 sq.ft.	$625,900	Airbnb cash on cash: 1.92% Traditional cash on cash: 3.28% Airbnb Rental Income: $2408 Traditional Rental Income: $2612 Airbnb ROI: 1.92% Traditional ROI: 3.28%
1303 W 23RD Avenue Covington, LA One-of-a-kind home in the heart of Downtown Covington! This charming 3-bedroom, 2-bath res...	3 beds \| 2 baths \| 2,506 sq.ft.	$460,000	Airbnb cash on cash: 1.8% Traditional cash on cash: 4.61% Airbnb Rental Income: $1857 Traditional Rental Income: $2570 Airbnb ROI: 1.8% Traditional ROI: 4.61%
70419 F Street Covington, LA Charming Renovated Raised Cottage on Oversized Lot !! Welcome to this beautifully renovate...	3 beds \| 2 baths \| 1,152 sq.ft.	$225,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 6.66% Airbnb Rental Income: $1857 Traditional Rental Income: $1770 Airbnb ROI: 4.73% Traditional ROI: 6.66%
508 S PIERCE Street Covington, LA Tucked away in the woods yet right in the heart of Downtown Covington, this beautifully up...	3 beds \| 2 baths \| 1,557 sq.ft.	$315,000	Airbnb cash on cash: 2.98% Traditional cash on cash: 4.7% Airbnb Rental Income: $1857 Traditional Rental Income: $1867 Airbnb ROI: 2.98% Traditional ROI: 4.7%
19311 14TH Avenue Covington, LA Producing approximately $3,000 per month in gross rental income, this versatile duplex off...	N/A beds \| N/A baths \| 1,620 sq.ft.	$314,990	Airbnb cash on cash: -0.13% Traditional cash on cash: 3.3% Airbnb Rental Income: $841 Traditional Rental Income: $1528 Airbnb ROI: -0.13% Traditional ROI: 3.3%
2369 BRADBURY Place Covington, LA This beautifully maintained 4-bedroom, 3 full bath home offers the perfect blend of comfor...	4 beds \| 3 baths \| 2,339 sq.ft.	$495,000	Airbnb cash on cash: 2.16% Traditional cash on cash: 3.74% Airbnb Rental Income: $2408 Traditional Rental Income: $2548 Airbnb ROI: 2.16% Traditional ROI: 3.74%
2373 BRADBURY Place Covington, LA Step inside this One Level Home and discover the feeling of Open Living. This home is in T...	3 beds \| 3 baths \| 2,123 sq.ft.	$465,000	Airbnb cash on cash: 1.35% Traditional cash on cash: 3.87% Airbnb Rental Income: $1857 Traditional Rental Income: $2456 Airbnb ROI: 1.35% Traditional ROI: 3.87%
70220 7TH Street Covington, LA Move right into this beautifully maintained home in Tammany Hills, offering comfort and st...	3 beds \| 2 baths \| 1,300 sq.ft.	$247,500	Airbnb cash on cash: 3.87% Traditional cash on cash: 4.63% Airbnb Rental Income: $1857 Traditional Rental Income: $1538 Airbnb ROI: 3.87% Traditional ROI: 4.63%
132 Pine Oak Dr Covington, LA Rare riverfront gem offering nearly 10 acres of privacy surrounded by nature and direct ac...	3 beds \| 2 baths \| 1,889 sq.ft.	$639,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 1.62% Airbnb Rental Income: $1857 Traditional Rental Income: $2010 Airbnb ROI: 0.54% Traditional ROI: 1.62%
265 PENN MILL LAKES Boulevard Covington, LA Located in desirable Penn Mill Lakes, this spacious single-story home offers 4 bedrooms an...	4 beds \| 3 baths \| 2,400 sq.ft.	$275,000	Airbnb cash on cash: 4.59% Traditional cash on cash: 8.47% Airbnb Rental Income: $2408 Traditional Rental Income: $2824 Airbnb ROI: 4.59% Traditional ROI: 8.47%
212 NORTHRIDGE Drive Covington, LA Charming cottage nestled under mature trees with a welcoming front porch and peaceful sett...	3 beds \| 2 baths \| 1,501 sq.ft.	$240,000	Airbnb cash on cash: 3.96% Traditional cash on cash: 6.19% Airbnb Rental Income: $1857 Traditional Rental Income: $1864 Airbnb ROI: 3.96% Traditional ROI: 6.19%
70317 7th Street Covington, LA This Home is Flawless...Soaring Ceilings, Hardwood Floors, Open Kitchen with Raised Bar, G...	3 beds \| 2 baths \| 2,036 sq.ft.	$300,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 6.33% Airbnb Rental Income: $1857 Traditional Rental Income: $2242 Airbnb ROI: 3.2% Traditional ROI: 6.33%
70346 J Street Covington, LA Welcome home to this charming and affordable Covington gem! Perfectly positioned for conve...	3 beds \| 2 baths \| 1,163 sq.ft.	$215,000	Airbnb cash on cash: 4.66% Traditional cash on cash: 5.66% Airbnb Rental Income: $1857 Traditional Rental Income: $1562 Airbnb ROI: 4.66% Traditional ROI: 5.66%
350 EMERALD FOREST Boulevard #10201 Covington, LA Seller is offering 1% of purchase price for buyer to use at their discretion for closings ...	1 beds \| 1 baths \| 750 sq.ft.	$124,900	Airbnb cash on cash: -0.14% Traditional cash on cash: 3.47% Airbnb Rental Income: $1068 Traditional Rental Income: $1136 Airbnb ROI: -0.14% Traditional ROI: 3.47%
510 S AMERICA Street Covington, LA 1855 Barelli Chapman home on over five picturesque acres along the scenic Bogue Falaya Riv...	4 beds \| 4 baths \| 6,084 sq.ft.	$3,750,000	Airbnb cash on cash: -1.05% Traditional cash on cash: -0.57% Airbnb Rental Income: $2408 Traditional Rental Income: $3468 Airbnb ROI: -1.05% Traditional ROI: -0.57%
350 EMERALD FOREST Boulevard #29102 Covington, LA This immaculately kept unit is a wonderful place where you can enjoy all of the benefits o...	2 beds \| 2 baths \| 1,201 sq.ft.	$145,000	Airbnb cash on cash: 3.11% Traditional cash on cash: 5.49% Airbnb Rental Income: $1762 Traditional Rental Income: $1609 Airbnb ROI: 3.11% Traditional ROI: 5.49%
350 EMERALD FOREST Boulevard #2204 Covington, LA Discover the perfect blend of comfort and convenience in this beautiful 2-bedroom, 2-bathr...	2 beds \| 2 baths \| 1,200 sq.ft.	$125,000	Airbnb cash on cash: 3.32% Traditional cash on cash: 5.21% Airbnb Rental Income: $1762 Traditional Rental Income: $1507 Airbnb ROI: 3.32% Traditional ROI: 5.21%
69027 RIVERBEND Drive Covington, LA Elegant Waterfront Living on the Tchefuncte River Discover 69027 Riverbend Drive - a beaut...	5 beds \| 4 baths \| 4,088 sq.ft.	$799,000	Airbnb cash on cash: -1% Traditional cash on cash: 3.03% Airbnb Rental Income: $836 Traditional Rental Income: $3507 Airbnb ROI: -1% Traditional ROI: 3.03%
350 EMERALD FOREST Boulevard #15201 Covington, LA Gated community, nice 1 bedroom condo on the 2nd floor with lush views from the private ba...	1 beds \| 1 baths \| 739 sq.ft.	$100,000	Airbnb cash on cash: -0.91% Traditional cash on cash: 5.06% Airbnb Rental Income: $1068 Traditional Rental Income: $1282 Airbnb ROI: -0.91% Traditional ROI: 5.06%
66 THUNDERBIRD Drive Covington, LA Stunning new construction in Tchefuncta Club Estates. This home will be constructed on Thu...	5 beds \| 5 baths \| 4,020 sq.ft.	$1,789,000	Airbnb cash on cash: -1.31% Traditional cash on cash: 1.37% Airbnb Rental Income: $836 Traditional Rental Income: $4957 Airbnb ROI: -1.31% Traditional ROI: 1.37%
544 HUSEMAN Lane Covington, LA What a house! This stunning 4-bedroom, 2-bath home has everything you need and more. The m...	4 beds \| 2 baths \| 2,196 sq.ft.	$295,000	Airbnb cash on cash: 4.47% Traditional cash on cash: 5.96% Airbnb Rental Income: $2408 Traditional Rental Income: $2233 Airbnb ROI: 4.47% Traditional ROI: 5.96%
10 THUNDERBIRD Drive Covington, LA Experience a new level of refinement and grace in this exquisite estate nestled within the...	5 beds \| 5 baths \| 5,234 sq.ft.	$2,025,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 1.09% Airbnb Rental Income: $836 Traditional Rental Income: $5077 Airbnb ROI: -1.34% Traditional ROI: 1.09%
70403 B Street Covington, LA Well-maintained home featuring vaulted ceilings in the den and kitchen, creating an open a...	3 beds \| 2 baths \| 1,192 sq.ft.	$190,000	Airbnb cash on cash: 5.46% Traditional cash on cash: 7.3% Airbnb Rental Income: $1857 Traditional Rental Income: $1691 Airbnb ROI: 5.46% Traditional ROI: 7.3%
300 SUMMIT Court Covington, LA Welcome to Eagle Landing in Covington! This open floor plan home features polished concret...	3 beds \| 2 baths \| 1,528 sq.ft.	$275,000	Airbnb cash on cash: 3.2% Traditional cash on cash: 6.01% Airbnb Rental Income: $1857 Traditional Rental Income: $2089 Airbnb ROI: 3.2% Traditional ROI: 6.01%
204 HIDDEN SPRINGS Lane Covington, LA This BEAUTIFUL home is located on a quiet cul-de-sac within the gated community of Hidden ...	4 beds \| 4 baths \| 2,730 sq.ft.	$550,000	Airbnb cash on cash: 1.63% Traditional cash on cash: 5.83% Airbnb Rental Income: $2408 Traditional Rental Income: $3977 Airbnb ROI: 1.63% Traditional ROI: 5.83%
622 S AMERICA Street Covington, LA This extraordinary historic estate, crafted in the 1860s, is a classic masterpiece situate...	5 beds \| 6 baths \| 5,051 sq.ft.	$4,950,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 0.36% Airbnb Rental Income: $836 Traditional Rental Income: $7272 Airbnb ROI: -1.12% Traditional ROI: 0.36%
16973 RIVER PARK Drive Covington, LA MOVE-IN READY NORTHSHORE BEAUTY! Welcome home to a 4-bedroom, 2-bathroom home boasts over ...	4 beds \| 2 baths \| 2,014 sq.ft.	$274,000	Airbnb cash on cash: 5.12% Traditional cash on cash: 6.56% Airbnb Rental Income: $2408 Traditional Rental Income: $2191 Airbnb ROI: 5.12% Traditional ROI: 6.56%
350 EMERALD FOREST Boulevard #9202 Covington, LA Cozy condo includes Washer, Dryer, Refrigerator, Range, and microwave. Open floor plan in ...	1 beds \| 1 baths \| 680 sq.ft.	$115,000	Airbnb cash on cash: -1.91% Traditional cash on cash: 6.55% Airbnb Rental Income: $1068 Traditional Rental Income: $1642 Airbnb ROI: -1.91% Traditional ROI: 6.55%
350 EMERALD FOREST Boulevard #17103 Covington, LA Beautifully updated and move-in ready pet-friendly condo in Emerald Forest! This well-main...	2 beds \| 2 baths \| 1,050 sq.ft.	$167,600	Airbnb cash on cash: 1.99% Traditional cash on cash: 6.04% Airbnb Rental Income: $1762 Traditional Rental Income: $1927 Airbnb ROI: 1.99% Traditional ROI: 6.04%
830 S MADISON Street Covington, LA Tucked beneath the canopy of one of Covington's legendary oak trees (the very one featured...	3 beds \| 3 baths \| 2,629 sq.ft.	$850,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 1.89% Airbnb Rental Income: $1857 Traditional Rental Income: $2820 Airbnb ROI: 0.04% Traditional ROI: 1.89%

Real Estate investment in Covington, LA

There are 184 properties for sale in the city of Covington . The median list price in Covington is $317,310 and the average price per square foot is $140. In July 2026, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $2,194.

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

There are 184 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 $2,194.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, LA

564 BOCAGE Court

Covington, LA

3 beds | 3 baths | 2,602 sq.ft.

$699,000

Airbnb cash on cash: 0.38%

Traditional cash on cash: 2.01%

Airbnb Rental Income: $1857

Traditional Rental Income: $2425

Airbnb ROI: 0.38%

Traditional ROI: 2.01%

20366 HELENBIRG Road

Covington, LA

4 beds | 2 baths | 1,979 sq.ft.

$337,000

Airbnb cash on cash: 3.9%

Traditional cash on cash: 5.2%

Airbnb Rental Income: $2408

Traditional Rental Income: $2229

Airbnb ROI: 3.9%

Traditional ROI: 5.2%

344 ORMOND Drive

Covington, LA

4 beds | 3 baths | 2,676 sq.ft.

$599,900

Airbnb cash on cash: 1.51%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $2408

Traditional Rental Income: $3083

Airbnb ROI: 1.51%

Traditional ROI: 3.77%

20216 S RIVER PARC Drive

Covington, LA

4 beds | 3 baths | 2,182 sq.ft.

$414,900

Airbnb cash on cash: 2.66%

Traditional cash on cash: 3.43%

Airbnb Rental Income: $2408

Traditional Rental Income: $2116

Airbnb ROI: 2.66%

Traditional ROI: 3.43%

75578 RIVER Road

Covington, LA

4 beds | 5 baths | 6,165 sq.ft.

$1,890,000

Airbnb cash on cash: -0.56%

Traditional cash on cash: 1.32%

Airbnb Rental Income: $2408

Traditional Rental Income: $5123

Airbnb ROI: -0.56%

Traditional ROI: 1.32%

23160 LOWE DAVIS RD

Covington, LA

3 beds | 4 baths | 3,120 sq.ft.

$850,000

Airbnb cash on cash: 0.05%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $1857

Traditional Rental Income: $2828

Airbnb ROI: 0.05%

Traditional ROI: 1.91%

23375 LOWE DAVIS Road

Covington, LA

N/A beds | N/A baths | 4,249 sq.ft.

$698,000

Airbnb cash on cash: -1.08%

Traditional cash on cash: 5.28%

Airbnb Rental Income: $841

Traditional Rental Income: $4650

Airbnb ROI: -1.08%

Traditional ROI: 5.28%

75717 RICKELIN Drive

Covington, LA

4 beds | 3 baths | 2,708 sq.ft.

$350,000

Airbnb cash on cash: 4.16%

Traditional cash on cash: 6.36%

Airbnb Rental Income: $2408

Traditional Rental Income: $2542

Airbnb ROI: 4.16%