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
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.	$357,500	Airbnb cash on cash: 2.18% Traditional cash on cash: 4.82% Airbnb Rental Income: $1841 Traditional Rental Income: $2229 Airbnb ROI: 2.18% Traditional ROI: 4.82%
344 ORMOND Drive Covington, LA ~ OPEN HOUSE \| SUNDAY 1-3 ~ Welcome to a home where space, light, and design come together...	4 beds \| 3 baths \| 2,676 sq.ft.	$599,900	Airbnb cash on cash: 0.67% Traditional cash on cash: 3.77% Airbnb Rental Income: $1841 Traditional Rental Income: $3083 Airbnb ROI: 0.67% Traditional ROI: 3.77%
830 S NEW HAMPSHIRE Street Covington, LA Welcome to Oak Creek, a rare and remarkable historic residence set along the prettiest ben...	5 beds \| 6 baths \| 5,559 sq.ft.	$3,995,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.62% Airbnb Rental Income: $null Traditional Rental Income: $7029 Airbnb ROI: N/A Traditional ROI: 0.62%
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.	$1,995,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 1.17% Airbnb Rental Income: $1841 Traditional Rental Income: $5123 Airbnb ROI: -0.87% Traditional ROI: 1.17%
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: -0.11% Traditional cash on cash: 1.91% Airbnb Rental Income: $1707 Traditional Rental Income: $2828 Airbnb ROI: -0.11% 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.	$715,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.13% Airbnb Rental Income: $null Traditional Rental Income: $4650 Airbnb ROI: N/A Traditional ROI: 5.13%
903 BEAUREGARD Parkway Covington, LA Check out this chic cottage in demand TerraBella Village! The covered porch with cypress c...	3 beds \| 2 baths \| 1,849 sq.ft.	$519,000	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.4% Airbnb Rental Income: $1707 Traditional Rental Income: $2045 Airbnb ROI: 0.73% Traditional ROI: 2.4%
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.	$379,000	Airbnb cash on cash: 2.44% Traditional cash on cash: 5.8% Airbnb Rental Income: $1841 Traditional Rental Income: $2542 Airbnb ROI: 2.44% Traditional ROI: 5.8%
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.	$667,500	Airbnb cash on cash: 0.81% Traditional cash on cash: 3.04% Airbnb Rental Income: $1707 Traditional Rental Income: $2622 Airbnb ROI: 0.81% Traditional ROI: 3.04%
736 COTTAGE Lane Covington, LA Priced well below recent appraised value - a rare opportunity in Terra Bella. Ideally situ...	4 beds \| 4 baths \| 4,250 sq.ft.	$849,999	Airbnb cash on cash: -0.13% Traditional cash on cash: 2.89% Airbnb Rental Income: $1841 Traditional Rental Income: $3742 Airbnb ROI: -0.13% Traditional ROI: 2.89%
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.	$350,000	Airbnb cash on cash: 2.21% Traditional cash on cash: 4.13% Airbnb Rental Income: $1707 Traditional Rental Income: $1867 Airbnb ROI: 2.21% Traditional ROI: 4.13%
72287 MILITARY Road Covington, LA Fully Renovated Bogue Falaya Riverfront Retreat with almost 100 feet of your own Private S...	3 beds \| 3 baths \| 2,450 sq.ft.	$725,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 1.87% Airbnb Rental Income: $1707 Traditional Rental Income: $2405 Airbnb ROI: 0.14% Traditional ROI: 1.87%
132 PINE OAK Drive Covington, LA Nearly 10 acres right in the heart of Covington!! PRIVATE PARADISE great for those seeking...	3 beds \| 2 baths \| 1,718 sq.ft.	$670,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 1.52% Airbnb Rental Income: $1707 Traditional Rental Income: $2010 Airbnb ROI: 0.28% Traditional ROI: 1.52%
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.	$290,000	Airbnb cash on cash: 2.57% Traditional cash on cash: 7.99% Airbnb Rental Income: $1841 Traditional Rental Income: $2824 Airbnb ROI: 2.57% Traditional ROI: 7.99%
110 OAK Drive Covington, LA Rare double lot on nearly one acre in coveted Country Club Estates. This mid-century ranch...	3 beds \| 3 baths \| 2,786 sq.ft.	$620,000	Airbnb cash on cash: 0.85% Traditional cash on cash: 3.76% Airbnb Rental Income: $1707 Traditional Rental Income: $2922 Airbnb ROI: 0.85% Traditional ROI: 3.76%
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: 3.41% Traditional cash on cash: 6.19% Airbnb Rental Income: $1707 Traditional Rental Income: $1864 Airbnb ROI: 3.41% 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.	$320,000	Airbnb cash on cash: 2.53% Traditional cash on cash: 5.88% Airbnb Rental Income: $1707 Traditional Rental Income: $2242 Airbnb ROI: 2.53% Traditional ROI: 5.88%
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: -0.06% Traditional cash on cash: 5.49% Airbnb Rental Income: $1233 Traditional Rental Income: $1609 Airbnb ROI: -0.06% 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.	$129,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 5.01% Airbnb Rental Income: $1233 Traditional Rental Income: $1507 Airbnb ROI: -0.38% Traditional ROI: 5.01%
72348 NURSERY Street Covington, LA Qualifies for 100% financing and never flooded.. Property was recently renovated. Come vie...	3 beds \| 2 baths \| 1,120 sq.ft.	$159,000	Airbnb cash on cash: 6.41% Traditional cash on cash: 10.5% Airbnb Rental Income: $1707 Traditional Rental Income: $1856 Airbnb ROI: 6.41% Traditional ROI: 10.5%
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: N/A Traditional cash on cash: 3.03% Airbnb Rental Income: $null Traditional Rental Income: $3507 Airbnb ROI: N/A Traditional ROI: 3.03%
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.	$2,125,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.97% Airbnb Rental Income: $null Traditional Rental Income: $5077 Airbnb ROI: N/A Traditional ROI: 0.97%
21046 SMITH Road Covington, LA * OPEN HOUSE: SUNDAY, APRIL 26TH, 1pm to 3pm* Escape to your serene sanctuary on 8.5 a...	1 beds \| 1 baths \| 1,394 sq.ft.	$769,000	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.71% Airbnb Rental Income: $857 Traditional Rental Income: $1481 Airbnb ROI: -0.62% Traditional ROI: 0.71%
73279 MILITARY Road Covington, LA Welcome to a life where every day feels like a vacation-where history, nature & comfort co...	4 beds \| 5 baths \| 4,970 sq.ft.	$1,690,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 1.1% Airbnb Rental Income: $1841 Traditional Rental Income: $4521 Airbnb ROI: -0.92% Traditional ROI: 1.1%
350 EMERALD FOREST Boulevard #25104 Covington, LA Light & Bright two bedroom, two bath condo available in Covington's premiere Gated Communi...	2 beds \| 2 baths \| 1,201 sq.ft.	$142,990	Airbnb cash on cash: -3.98% Traditional cash on cash: 2.1% Airbnb Rental Income: $1233 Traditional Rental Income: $1671 Airbnb ROI: -3.98% Traditional ROI: 2.1%
4221 CYPRESS POINT Drive Covington, LA Welcome to this Parade of Homes-featured residence, open April 11-12 and April 18-19! Stop...	4 beds \| 3 baths \| 2,625 sq.ft.	$682,500	Airbnb cash on cash: 0.93% Traditional cash on cash: 3.18% Airbnb Rental Income: $1841 Traditional Rental Income: $2777 Airbnb ROI: 0.93% Traditional ROI: 3.18%
1421 ZACHERY Court Covington, LA Skip the builder wait - this one-year-young home in Oak Alley Meadows already has the upgr...	3 beds \| 2 baths \| 1,925 sq.ft.	$335,000	Airbnb cash on cash: 2.46% Traditional cash on cash: 4.97% Airbnb Rental Income: $1707 Traditional Rental Income: $2025 Airbnb ROI: 2.46% Traditional ROI: 4.97%
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: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $7272 Airbnb ROI: N/A Traditional ROI: 0.36%
82491 HIGHWAY 437 Covington, LA This beautiful estate property, in need of some TLC, offers tremendous potential to become...	3 beds \| 2 baths \| 2,671 sq.ft.	$690,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 2.4% Airbnb Rental Income: $1707 Traditional Rental Income: $2554 Airbnb ROI: 0.35% Traditional ROI: 2.4%
527 S FILMORE Street Covington, LA One-of-a-kind home. Bursting with character, this property features a cool, versatile floo...	3 beds \| 2 baths \| 1,554 sq.ft.	$250,000	Airbnb cash on cash: 2.94% Traditional cash on cash: 5.44% Airbnb Rental Income: $1707 Traditional Rental Income: $1823 Airbnb ROI: 2.94% Traditional ROI: 5.44%
16973 RIVER PARK Drive Covington, LA NEW PRICE! MOVE IN READY! This beautifully built home by DR Horton in 2017 offers a spacio...	4 beds \| 2 baths \| 2,014 sq.ft.	$274,000	Airbnb cash on cash: 3.29% Traditional cash on cash: 6.56% Airbnb Rental Income: $1841 Traditional Rental Income: $2191 Airbnb ROI: 3.29% 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.	$119,500	Airbnb cash on cash: -3.41% Traditional cash on cash: 6.28% Airbnb Rental Income: $857 Traditional Rental Income: $1642 Airbnb ROI: -3.41% Traditional ROI: 6.28%
214 TCHEFUNCTE Drive Covington, LA Lovely raised Acadian cottage on an oversized lot fronting the 11th Fairway of Covington C...	4 beds \| 3 baths \| 3,154 sq.ft.	$579,000	Airbnb cash on cash: 0.84% Traditional cash on cash: 3.44% Airbnb Rental Income: $1841 Traditional Rental Income: $2750 Airbnb ROI: 0.84% Traditional ROI: 3.44%
72422 ROSE Street Covington, LA Price Improvement! This is a great equity builder and a chance to make your vision a reali...	3 beds \| 1 baths \| 1,085 sq.ft.	$105,000	Airbnb cash on cash: 9.65% Traditional cash on cash: 10.96% Airbnb Rental Income: $1707 Traditional Rental Income: $1367 Airbnb ROI: 9.65% Traditional ROI: 10.96%
830 S MADISON Street Covington, LA For the first time ever, this extraordinary property-spanning an entire half block and 5 f...	3 beds \| 3 baths \| 2,629 sq.ft.	$1,500,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 0.64% Airbnb Rental Income: $1707 Traditional Rental Income: $2820 Airbnb ROI: -0.5% Traditional ROI: 0.64%
20213 NARROW Road Covington, LA New Price! So Much at a Great PRICE/SF! 2.6 Acres \| Flood Zone X! Lee Road School District...	3 beds \| 3 baths \| 2,773 sq.ft.	$339,000	Airbnb cash on cash: 2.03% Traditional cash on cash: 5.94% Airbnb Rental Income: $1707 Traditional Rental Income: $2478 Airbnb ROI: 2.03% Traditional ROI: 5.94%
18312 CUSACHS Drive Covington, LA This recently remodeled 3BR/2BA has Boat Access to the Tchefuncte River! Bring the boat an...	3 beds \| 2 baths \| 1,858 sq.ft.	$315,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 5.61% Airbnb Rental Income: $1707 Traditional Rental Income: $2213 Airbnb ROI: 2.3% Traditional ROI: 5.61%
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.	$299,900	Airbnb cash on cash: 2.51% Traditional cash on cash: 7.02% Airbnb Rental Income: $1707 Traditional Rental Income: $2507 Airbnb ROI: 2.51% Traditional ROI: 7.02%
5037 TWIN RIVER Place Covington, LA This impressive home stands proudly on a wide lot backing to greenspace. Inside, soaring c...	4 beds \| 4 baths \| 3,219 sq.ft.	$775,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 2.57% Airbnb Rental Income: $1841 Traditional Rental Income: $3308 Airbnb ROI: -0.15% Traditional ROI: 2.57%
134 NORTHRIDGE Drive Covington, LA Comfort, Convenience, and Charm in Covington's Growing Goodbee Area. Welcome to this Beaut...	3 beds \| 2 baths \| 1,543 sq.ft.	$254,900	Airbnb cash on cash: 3.17% Traditional cash on cash: 5.5% Airbnb Rental Income: $1707 Traditional Rental Income: $1795 Airbnb ROI: 3.17% Traditional ROI: 5.5%

Real Estate investment in Covington, LA

There are 121 properties for sale in the city of Covington . The median list price in Covington is $445,000 and the average price per square foot is $182. In May 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $2,266.

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

There are 121 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 $2,266.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, LA

20366 HELENBIRG Road

Covington, LA

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

$357,500

Airbnb cash on cash: 2.18%

Traditional cash on cash: 4.82%

Airbnb Rental Income: $1841

Traditional Rental Income: $2229

Airbnb ROI: 2.18%

Traditional ROI: 4.82%

344 ORMOND Drive

Covington, LA

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

$599,900

Airbnb cash on cash: 0.67%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $1841

Traditional Rental Income: $3083

Airbnb ROI: 0.67%

Traditional ROI: 3.77%

830 S NEW HAMPSHIRE Street

Covington, LA

5 beds | 6 baths | 5,559 sq.ft.

$3,995,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.62%

Airbnb Rental Income: $null

Traditional Rental Income: $7029

Airbnb ROI: N/A

Traditional ROI: 0.62%

75578 RIVER Road

Covington, LA

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

$1,995,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 1.17%

Airbnb Rental Income: $1841

Traditional Rental Income: $5123

Airbnb ROI: -0.87%

Traditional ROI: 1.17%

23160 LOWE DAVIS RD

Covington, LA

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

$850,000

Airbnb cash on cash: -0.11%

Traditional cash on cash: 1.91%

Airbnb Rental Income: $1707

Traditional Rental Income: $2828

Airbnb ROI: -0.11%

Traditional ROI: 1.91%

23375 LOWE DAVIS Road

Covington, LA

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

$715,000

Airbnb cash on cash: N/A

Traditional cash on cash: 5.13%

Airbnb Rental Income: $null

Traditional Rental Income: $4650

Airbnb ROI: N/A

Traditional ROI: 5.13%

903 BEAUREGARD Parkway

Covington, LA

3 beds | 2 baths | 1,849 sq.ft.

$519,000

Airbnb cash on cash: 0.73%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $1707

Traditional Rental Income: $2045

Airbnb ROI: 0.73%

Traditional ROI: 2.4%

75717 RICKELIN Drive

Covington, LA

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

$379,000

Airbnb cash on cash: 2.44%

Traditional cash on cash: 5.8%

Airbnb Rental Income: $1841

Traditional Rental Income: $2542

Airbnb ROI: 2.44%