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 PRICE ADJUSTMENT! Come discover one of TerraBella Village's most charming and distinctive ...	3 beds \| 3 baths \| 2,602 sq.ft.	$684,000	Airbnb cash on cash: 0.69% Traditional cash on cash: 2.09% Airbnb Rental Income: $2068 Traditional Rental Income: $2425 Airbnb ROI: 0.69% Traditional ROI: 2.09%
20366 HELENBIRG Road Covington, LA BACK ON THE MARKET! EXTRA LOT!!!! This charming home has been thoughtfully updated and sit...	4 beds \| 2 baths \| 1,979 sq.ft.	$299,900	Airbnb cash on cash: 3.18% Traditional cash on cash: 6.02% Airbnb Rental Income: $1941 Traditional Rental Income: $2229 Airbnb ROI: 3.18% Traditional ROI: 6.02%
116 ASPEN CREEK Court Covington, LA Welcome to this beautifully updated 4-bedroom, 3-bath home, ideally situated on a quiet cu...	4 beds \| 3 baths \| 2,774 sq.ft.	$629,900	Airbnb cash on cash: 0.4% Traditional cash on cash: 1.68% Airbnb Rental Income: $1941 Traditional Rental Income: $2185 Airbnb ROI: 0.4% Traditional ROI: 1.68%
73324 Penn Mill Road Covington, LA Welcome home to this charming residence featuring a welcoming covered front porch with cla...	3 beds \| 2 baths \| 1,540 sq.ft.	$275,000	Airbnb cash on cash: 4.01% Traditional cash on cash: 4.98% Airbnb Rental Income: $2068 Traditional Rental Income: $1785 Airbnb ROI: 4.01% Traditional ROI: 4.98%
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: -0.78% Traditional cash on cash: 1.32% Airbnb Rental Income: $1941 Traditional Rental Income: $5123 Airbnb ROI: -0.78% 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: 0.27% Traditional cash on cash: 1.91% Airbnb Rental Income: $2068 Traditional Rental Income: $2828 Airbnb ROI: 0.27% Traditional ROI: 1.91%
23375 LOWE DAVIS Road Covington, LA Multi-generational living complete with separate guest house and rental income. Looking on...	5 beds \| 5 baths \| 4,249 sq.ft.	$600,000	Airbnb cash on cash: -0.96% Traditional cash on cash: 6.29% Airbnb Rental Income: $927 Traditional Rental Income: $4650 Airbnb ROI: -0.96% Traditional ROI: 6.29%
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.	$210,000	Airbnb cash on cash: 5.55% Traditional cash on cash: 5.97% Airbnb Rental Income: $2068 Traditional Rental Income: $1619 Airbnb ROI: 5.55% Traditional ROI: 5.97%
70419 F Street Covington, LA REDUCED.!! Charming Renovated Raised Cottage on Oversized Lot !!Welcome to this beautifull...	3 beds \| 2 baths \| 1,152 sq.ft.	$220,000	Airbnb cash on cash: 5.7% Traditional cash on cash: 6.84% Airbnb Rental Income: $2068 Traditional Rental Income: $1770 Airbnb ROI: 5.7% Traditional ROI: 6.84%
869 Capistrano Court Covington, LA BE HOME FOR THE HOLIDAYS! There's no better place to make new memories, and the sellers ar...	5 beds \| 2 baths \| 2,221 sq.ft.	$384,900	Airbnb cash on cash: 0.2% Traditional cash on cash: 5.6% Airbnb Rental Income: $927 Traditional Rental Income: $2532 Airbnb ROI: 0.2% Traditional ROI: 5.6%
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.	$225,000	Airbnb cash on cash: 5.22% Traditional cash on cash: 5.24% Airbnb Rental Income: $2068 Traditional Rental Income: $1538 Airbnb ROI: 5.22% Traditional ROI: 5.24%
70447 J Street Covington, LA Welcome to 70447 J Street in Covington! This 3 bedroom 2 bath home offers a great opportun...	3 beds \| 2 baths \| 1,188 sq.ft.	$189,000	Airbnb cash on cash: 6.47% Traditional cash on cash: 6.9% Airbnb Rental Income: $2068 Traditional Rental Income: $1611 Airbnb ROI: 6.47% Traditional ROI: 6.9%
350 EMERALD FOREST Boulevard Covington, LA Light & Bright two bedroom, two bath condo available in Covington's premiere Gated Communi...	2 beds \| 2 baths \| 1,201 sq.ft.	$135,000	Airbnb cash on cash: 5.56% Traditional cash on cash: 11.96% Airbnb Rental Income: $1445 Traditional Rental Income: $1845 Airbnb ROI: 5.56% Traditional ROI: 11.96%
70052 9TH Street Covington, LA Welcome home to this charming 3 bedroom, 2 bath home that's perfect for first-time buyers,...	3 beds \| 2 baths \| 1,240 sq.ft.	$215,000	Airbnb cash on cash: 5.52% Traditional cash on cash: 5.96% Airbnb Rental Income: $2068 Traditional Rental Income: $1624 Airbnb ROI: 5.52% Traditional ROI: 5.96%
20047 PALM Boulevard Covington, LA This charming acadian is just like brand new! Built in 2022, this beautifully maintained 3...	3 beds \| 2 baths \| 1,460 sq.ft.	$282,500	Airbnb cash on cash: 3.87% Traditional cash on cash: 5.08% Airbnb Rental Income: $2068 Traditional Rental Income: $1857 Airbnb ROI: 3.87% Traditional ROI: 5.08%
5024 Twin River Place Covington, LA **Beautiful craftsmanship, thoughtfully designed spaces, and an outdoor retreat made for m...	4 beds \| 3 baths \| 2,598 sq.ft.	$675,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 2.24% Airbnb Rental Income: $1941 Traditional Rental Income: $2185 Airbnb ROI: 1.04% Traditional ROI: 2.24%
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.	$212,000	Airbnb cash on cash: 5.63% Traditional cash on cash: 5.76% Airbnb Rental Income: $2068 Traditional Rental Income: $1562 Airbnb ROI: 5.63% Traditional ROI: 5.76%
69027 Riverbend Drive Covington, LA Elegant Waterfront Living on the Tchefuncte RiverDiscover 69027 Riverbend Drive - a beauti...	5 beds \| 4 baths \| 4,088 sq.ft.	$797,000	Airbnb cash on cash: -0.9% Traditional cash on cash: 3.04% Airbnb Rental Income: $927 Traditional Rental Income: $3507 Airbnb ROI: -0.9% Traditional ROI: 3.04%
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: -1.27% Traditional cash on cash: 1.37% Airbnb Rental Income: $927 Traditional Rental Income: $4957 Airbnb ROI: -1.27% Traditional ROI: 1.37%
544 Huseman Lane Covington, LA What a house! 2 HUGE PLUSES IS A FORTIFIED ROOF THAT IS UNDER 3 YEARS OLD AND A BRAND-NEW ...	4 beds \| 2 baths \| 2,196 sq.ft.	$289,000	Airbnb cash on cash: 3.16% Traditional cash on cash: 6.12% Airbnb Rental Income: $1941 Traditional Rental Income: $2233 Airbnb ROI: 3.16% Traditional ROI: 6.12%
158-160 BEECH Street Covington, LA NEW ROOF April 2024. Turnkey Dual-Unit Income Property in High-Demand Location! This prope...	5 beds \| 4 baths \| 2,250 sq.ft.	$310,000	Airbnb cash on cash: 3.55% Traditional cash on cash: 4.25% Airbnb Rental Income: $1941 Traditional Rental Income: $1633 Airbnb ROI: 3.55% Traditional ROI: 4.25%
153 PENN MILL LAKES Boulevard Covington, LA Motivated Seller for this fresh, bright and move-in ready! Seller will pay up to $5,000.00...	3 beds \| 2 baths \| 1,510 sq.ft.	$252,000	Airbnb cash on cash: 4.73% Traditional cash on cash: 5.87% Airbnb Rental Income: $2068 Traditional Rental Income: $1807 Airbnb ROI: 4.73% Traditional ROI: 5.87%
21046 SMITH Road Covington, LA Broker Tour/Open House Wednesday July 22, 2026 12-2pm. We will have Southern Exposure doin...	1 beds \| 1 baths \| 1,394 sq.ft.	$749,000	Airbnb cash on cash: -0.07% Traditional cash on cash: 0.76% Airbnb Rental Income: $1314 Traditional Rental Income: $1481 Airbnb ROI: -0.07% Traditional ROI: 0.76%
856 CHRETIEN POINT Avenue Covington, LA Own a piece of Southern design history! Former 2010 Southern Living Idea House, known as "...	5 beds \| 5 baths \| 4,261 sq.ft.	$1,220,000	Airbnb cash on cash: -1.3% Traditional cash on cash: 2.1% Airbnb Rental Income: $927 Traditional Rental Income: $4437 Airbnb ROI: -1.3% Traditional ROI: 2.1%
1101 DELTA Lane Covington, LA Stunning and thoughtfully designed home in gated River Club with direct deep water river a...	4 beds \| 4 baths \| 3,053 sq.ft.	$845,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 3.88% Airbnb Rental Income: $1941 Traditional Rental Income: $4557 Airbnb ROI: -0.09% Traditional ROI: 3.88%
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: -1.1% Traditional cash on cash: 0.36% Airbnb Rental Income: $927 Traditional Rental Income: $7272 Airbnb ROI: -1.1% Traditional ROI: 0.36%
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: 0.26% Traditional cash on cash: 1.89% Airbnb Rental Income: $2068 Traditional Rental Income: $2820 Airbnb ROI: 0.26% Traditional ROI: 1.89%
65 SILVERBERRY Drive Covington, LA Experience timeless European-inspired architecture and exceptional craftsmanship in this s...	5 beds \| 5 baths \| 5,400 sq.ft.	$2,425,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 1.24% Airbnb Rental Income: $927 Traditional Rental Income: $5154 Airbnb ROI: -0.79% Traditional ROI: 1.24%
73114 Military Road Covington, LA Homesteaded in 1940, reimagined in the 1960s, expanded in the late 1990s, and refreshed in...	3 beds \| 3 baths \| 2,805 sq.ft.	$275,000	Airbnb cash on cash: 3.98% Traditional cash on cash: 7.73% Airbnb Rental Income: $2068 Traditional Rental Income: $2507 Airbnb ROI: 3.98% Traditional ROI: 7.73%
615 River Oaks Drive Covington, LA NEW PRICE, NEW OPPORTUNITY!! Act fast for big value. A Masterpiece of Refined Northshore L...	4 beds \| 4 baths \| 3,065 sq.ft.	$505,725	Airbnb cash on cash: 1.04% Traditional cash on cash: 6.01% Airbnb Rental Income: $1941 Traditional Rental Income: $3776 Airbnb ROI: 1.04% Traditional ROI: 6.01%
521 Melrose Avenue Covington, LA WELCOME TO 521 MELROSE AVENUE! Discover exceptional cottage living in Terra Bella, where r...	3 beds \| 3 baths \| 2,541 sq.ft.	$689,000	Airbnb cash on cash: 0.04% Traditional cash on cash: 2.05% Airbnb Rental Income: $2068 Traditional Rental Income: $2829 Airbnb ROI: 0.04% Traditional ROI: 2.05%
813 S JAHNCKE Avenue Covington, LA Enjoy the beauty and history of Old Covington in this lovely two-story property set on a g...	5 beds \| 4 baths \| 4,044 sq.ft.	$825,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 3.88% Airbnb Rental Income: $927 Traditional Rental Income: $3952 Airbnb ROI: -0.5% Traditional ROI: 3.88%
734 AVE LOUIS QUATROZE Covington, LA First hopeful buyers had been given 2 extensions! Unfortunately severe medical problems ar...	4 beds \| 3 baths \| 2,097 sq.ft.	$369,900	Airbnb cash on cash: 1.87% Traditional cash on cash: 4.7% Airbnb Rental Income: $1941 Traditional Rental Income: $2412 Airbnb ROI: 1.87% Traditional ROI: 4.7%
24445 SANDERS Road Covington, LA Whether relaxing on your porch, enjoying weekend festivals or exploring nature with family...	3 beds \| 2 baths \| 1,378 sq.ft.	$255,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 5.9% Airbnb Rental Income: $2068 Traditional Rental Income: $1886 Airbnb ROI: 4.44% Traditional ROI: 5.9%
20324 Henry Clay Avenue Covington, LA Discover modern Southern elegance in this beautifully designed Acadian-style home featurin...	3 beds \| 2 baths \| 1,401 sq.ft.	$255,000	Airbnb cash on cash: 4.44% Traditional cash on cash: 5.3% Airbnb Rental Income: $2068 Traditional Rental Income: $1742 Airbnb ROI: 4.44% Traditional ROI: 5.3%
909 TEZCUCCO Court Covington, LA Welcome to 909 Tezcucco Court, a beautifully designed home in the heart of TerraBella Vill...	3 beds \| 3 baths \| 2,437 sq.ft.	$718,000	Airbnb cash on cash: 0.34% Traditional cash on cash: 2.11% Airbnb Rental Income: $2068 Traditional Rental Income: $2719 Airbnb ROI: 0.34% Traditional ROI: 2.11%
22009 SPRING CLOVER Lane Covington, LA Priced at appraised value and reflects the presence of the utility transmission tower loca...	4 beds \| 5 baths \| 2,664 sq.ft.	$475,000	Airbnb cash on cash: 2% Traditional cash on cash: 7.43% Airbnb Rental Income: $1941 Traditional Rental Income: $3840 Airbnb ROI: 2% Traditional ROI: 7.43%
5009 Twin River Place Covington, LA No detail overlooked in this beautiful 4 bed, 3 and half bath home! Located in quaint, gat...	5 beds \| 4 baths \| 3,224 sq.ft.	$805,000	Airbnb cash on cash: -1.14% Traditional cash on cash: 2.63% Airbnb Rental Income: $927 Traditional Rental Income: $3408 Airbnb ROI: -1.14% Traditional ROI: 2.63%
69176 4TH AVE Covington, LA New Construction in a desirable Covington neighborhood on a large corner lot! This beautif...	3 beds \| 2 baths \| 1,526 sq.ft.	$307,900	Airbnb cash on cash: 3.95% Traditional cash on cash: 5.64% Airbnb Rental Income: $2068 Traditional Rental Income: $2024 Airbnb ROI: 3.95% Traditional ROI: 5.64%
457 STEEPLE CHASE Road Covington, LA Vibrant lakeside living meets classic charm in this spacious Covington retreat! Situated a...	4 beds \| 3 baths \| 3,389 sq.ft.	$350,000	Airbnb cash on cash: 2.35% Traditional cash on cash: 6.71% Airbnb Rental Income: $1941 Traditional Rental Income: $2861 Airbnb ROI: 2.35% Traditional ROI: 6.71%

Real Estate investment in Covington, LA

There are 150 properties for sale in the city of Covington . The median list price in Covington is $289,862 and the average price per square foot is $128. In November 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $2,182.

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

There are 150 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 $2,182.

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.

$684,000

Airbnb cash on cash: 0.69%

Traditional cash on cash: 2.09%

Airbnb Rental Income: $2068

Traditional Rental Income: $2425

Airbnb ROI: 0.69%

Traditional ROI: 2.09%

20366 HELENBIRG Road

Covington, LA

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

$299,900

Airbnb cash on cash: 3.18%

Traditional cash on cash: 6.02%

Airbnb Rental Income: $1941

Traditional Rental Income: $2229

Airbnb ROI: 3.18%

Traditional ROI: 6.02%

116 ASPEN CREEK Court

Covington, LA

4 beds | 3 baths | 2,774 sq.ft.

$629,900

Airbnb cash on cash: 0.4%

Traditional cash on cash: 1.68%

Airbnb Rental Income: $1941

Traditional Rental Income: $2185

Airbnb ROI: 0.4%

Traditional ROI: 1.68%

73324 Penn Mill Road

Covington, LA

3 beds | 2 baths | 1,540 sq.ft.

$275,000

Airbnb cash on cash: 4.01%

Traditional cash on cash: 4.98%

Airbnb Rental Income: $2068

Traditional Rental Income: $1785

Airbnb ROI: 4.01%

Traditional ROI: 4.98%

75578 RIVER Road

Covington, LA

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

$1,890,000

Airbnb cash on cash: -0.78%

Traditional cash on cash: 1.32%

Airbnb Rental Income: $1941

Traditional Rental Income: $5123

Airbnb ROI: -0.78%

Traditional ROI: 1.32%

23160 LOWE DAVIS RD

Covington, LA

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

$850,000

Airbnb cash on cash: 0.27%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $2068

Traditional Rental Income: $2828

Airbnb ROI: 0.27%

Traditional ROI: 1.91%

23375 LOWE DAVIS Road

Covington, LA

5 beds | 5 baths | 4,249 sq.ft.

$600,000

Airbnb cash on cash: -0.96%

Traditional cash on cash: 6.29%

Airbnb Rental Income: $927

Traditional Rental Income: $4650

Airbnb ROI: -0.96%

Traditional ROI: 6.29%

70306 K Street

Covington, LA

3 beds | 2 baths | 1,374 sq.ft.

$210,000

Airbnb cash on cash: 5.55%

Traditional cash on cash: 5.97%

Airbnb Rental Income: $2068

Traditional Rental Income: $1619

Airbnb ROI: 5.55%