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
223 W 9TH Avenue Covington, LA NEW FORTIFIED ROOF JUST INSTALLED 01/25/2026! Beautiful corner lot in the heart of Covingt...	3 beds \| 3 baths \| 2,150 sq.ft.	$309,900	Airbnb cash on cash: 1.24% Traditional cash on cash: 5.87% Airbnb Rental Income: $1313 Traditional Rental Income: $2256 Airbnb ROI: 1.24% Traditional ROI: 5.87%
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.	$395,000	Airbnb cash on cash: 3.24% Traditional cash on cash: 4.22% Airbnb Rental Income: $2467 Traditional Rental Income: $2229 Airbnb ROI: 3.24% Traditional ROI: 4.22%
1128 W 11TH Avenue Covington, LA Beautiful 5-Bedroom 3-bathroom home situated on a nice sized lot (over Â½ acre) in the Hea...	5 beds \| 3 baths \| 2,627 sq.ft.	$548,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.45% Airbnb Rental Income: $null Traditional Rental Income: $2649 Airbnb ROI: N/A Traditional ROI: 3.45%
344 ORMOND Drive Covington, LA Wrapped Up a New Price for You and just in time for the New Year! LETâS WORK OUT A DEAL...	4 beds \| 3 baths \| 2,676 sq.ft.	$624,900	Airbnb cash on cash: 1.48% Traditional cash on cash: 3.56% Airbnb Rental Income: $2467 Traditional Rental Income: $3083 Airbnb ROI: 1.48% Traditional ROI: 3.56%
224 MENETRE Drive Covington, LA Thoughtfully designed 3 bed/3.5 bath home in The Village on a generous 1/3 acre lot. Built...	3 beds \| 4 baths \| 2,517 sq.ft.	$549,900	Airbnb cash on cash: -0.03% Traditional cash on cash: 3.67% Airbnb Rental Income: $1313 Traditional Rental Income: $2806 Airbnb ROI: -0.03% Traditional ROI: 3.67%
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.	$4,200,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $7029 Airbnb ROI: N/A Traditional ROI: 0.54%
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: -0.59% Traditional cash on cash: 1.17% Airbnb Rental Income: $2467 Traditional Rental Income: $5123 Airbnb ROI: -0.59% Traditional ROI: 1.17%
23160 LOWE DAVIS Road Covington, LA Finish this dream opportunity on 4 scenic acres in a peaceful rural setting, featuring gen...	3 beds \| 4 baths \| 3,120 sq.ft.	$690,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 2.7% Airbnb Rental Income: $1313 Traditional Rental Income: $2828 Airbnb ROI: -0.28% Traditional ROI: 2.7%
23375 LOWE DAVIS Road Covington, LA Experience country living on this private 6.51-acre estate, designed for comfort, versatil...	5 beds \| 5 baths \| 4,249 sq.ft.	$849,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.17% Airbnb Rental Income: $null Traditional Rental Income: $4650 Airbnb ROI: N/A Traditional ROI: 4.17%
41 RIVERBEND Drive Covington, LA Timeless Old Landing Acadian cottage showcasing abundant natural light and curated designe...	4 beds \| 3 baths \| 2,750 sq.ft.	$699,000	Airbnb cash on cash: 1.18% Traditional cash on cash: 2.26% Airbnb Rental Income: $2467 Traditional Rental Income: $2573 Airbnb ROI: 1.18% Traditional ROI: 2.26%
528 BUCKTHORNE Place Covington, LA 3 Bed / 2 Full Bath - Engineered Wood and Tile Flooring (No Carpet) - Ceiling Fans, Blinds...	3 beds \| 2 baths \| 1,456 sq.ft.	$260,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 5.19% Airbnb Rental Income: $1313 Traditional Rental Income: $1773 Airbnb ROI: 1.65% Traditional ROI: 5.19%
736 COTTAGE Lane Covington, LA Welcome to 736 Cottage Lane, perfectly situated on a stunning corner lot across from a cha...	4 beds \| 4 baths \| 4,250 sq.ft.	$915,000	Airbnb cash on cash: 0.42% Traditional cash on cash: 2.62% Airbnb Rental Income: $2467 Traditional Rental Income: $3742 Airbnb ROI: 0.42% Traditional ROI: 2.62%
327 SAW GRASS Loop Covington, LA GREAT NEW PRICE! in demand community SPRING LAKES! Beautiful 4 bed 3 bath (plus 5th bedroo...	4 beds \| 3 baths \| 2,471 sq.ft.	$480,000	Airbnb cash on cash: 2.3% Traditional cash on cash: 4.68% Airbnb Rental Income: $2467 Traditional Rental Income: $2937 Airbnb ROI: 2.3% Traditional ROI: 4.68%
514 RIVER OAKS Drive Covington, LA River Oaks Estates awaits you! Welcome home to this 4 bedroom, 2.5 bath one-story home fea...	4 beds \| 3 baths \| 2,535 sq.ft.	$449,000	Airbnb cash on cash: 2.13% Traditional cash on cash: 3.84% Airbnb Rental Income: $2467 Traditional Rental Income: $2585 Airbnb ROI: 2.13% Traditional ROI: 3.84%
231 S ORCHARD Lane Covington, LA Beautiful garden home is located in a quiet, gated community and offers easy, low-maintena...	2 beds \| 2 baths \| 1,400 sq.ft.	$336,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.5% Airbnb Rental Income: $1379 Traditional Rental Income: $1712 Airbnb ROI: 1.12% Traditional ROI: 3.5%
312 E E 34TH Avenue Covington, LA Sweet 2 bedroom/1 bath cottage with fenced rear yard. The cottage is neat as a pin, recent...	2 beds \| 1 baths \| 900 sq.ft.	$159,900	Airbnb cash on cash: 4.66% Traditional cash on cash: 7.62% Airbnb Rental Income: $1379 Traditional Rental Income: $1413 Airbnb ROI: 4.66% Traditional ROI: 7.62%
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.	$130,000	Airbnb cash on cash: 0.58% Traditional cash on cash: 4.96% Airbnb Rental Income: $1379 Traditional Rental Income: $1507 Airbnb ROI: 0.58% Traditional ROI: 4.96%
72348 NURSERY Street Covington, LA	3 beds \| 2 baths \| 1,120 sq.ft.	$185,000	Airbnb cash on cash: 3.53% Traditional cash on cash: 8.93% Airbnb Rental Income: $1313 Traditional Rental Income: $1856 Airbnb ROI: 3.53% Traditional ROI: 8.93%
109 TCHEFUNCTA SOUTH Drive Covington, LA Welcome to this extraordinary Covington estate, a true showcase of luxury living, tranquil...	5 beds \| 4 baths \| 4,185 sq.ft.	$1,300,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.87% Airbnb Rental Income: $null Traditional Rental Income: $4326 Airbnb ROI: N/A Traditional ROI: 1.87%
69027 RIVERBEND Drive Covington, LA Elegant Waterfront Living on the Tchefuncte River Discover 69027 Riverbend Drive â a ...	5 beds \| 4 baths \| 4,088 sq.ft.	$830,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.88% Airbnb Rental Income: $null Traditional Rental Income: $3507 Airbnb ROI: N/A Traditional ROI: 2.88%
66 THUNDERBIRD Drive Covington, LA Beautiful Custom home to be built in Tchefuncta Club Estates! Buyers can select every fini...	5 beds \| 5 baths \| 4,200 sq.ft.	$1,750,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.43% Airbnb Rental Income: $null Traditional Rental Income: $4957 Airbnb ROI: N/A Traditional ROI: 1.43%
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.	$2,225,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.85% Airbnb Rental Income: $null Traditional Rental Income: $5077 Airbnb ROI: N/A Traditional ROI: 0.85%
12145 JONES Road Covington, LA Charming country living with modern flair! Tucked away on a full acre in Covington, this A...	3 beds \| 3 baths \| 2,205 sq.ft.	$339,900	Airbnb cash on cash: 0.99% Traditional cash on cash: 6.34% Airbnb Rental Income: $1313 Traditional Rental Income: $2613 Airbnb ROI: 0.99% Traditional ROI: 6.34%
2 BEECH Drive Covington, LA Beautifully updated Acadian style home in River Forest Subdivision, and just minutes from ...	5 beds \| 3 baths \| 3,663 sq.ft.	$474,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.71% Airbnb Rental Income: $null Traditional Rental Income: $2868 Airbnb ROI: N/A Traditional ROI: 4.71%
21046 SMITH Road Covington, LA Escape to your serene sanctuary on 8.5 acres (~5.8 Acres Flood Zone C and ~2.7 Acres of Fl...	1 beds \| 1 baths \| 1,394 sq.ft.	$799,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 0.65% Airbnb Rental Income: $1118 Traditional Rental Income: $1481 Airbnb ROI: -0.34% Traditional ROI: 0.65%
73279 MILITARY Road Covington, LA Welcome to a life where every day feels like a vacationâwhere history, nature & comfort ...	4 beds \| 5 baths \| 4,970 sq.ft.	$1,890,000	Airbnb cash on cash: -0.64% Traditional cash on cash: 0.88% Airbnb Rental Income: $2467 Traditional Rental Income: $4521 Airbnb ROI: -0.64% Traditional ROI: 0.88%
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.	$149,000	Airbnb cash on cash: -3.03% Traditional cash on cash: 1.96% Airbnb Rental Income: $1379 Traditional Rental Income: $1671 Airbnb ROI: -3.03% Traditional ROI: 1.96%
70261 K Street Covington, LA Discover the charm of this inviting 3-bedroom, 2-bath traditional home, thoughtfully desig...	3 beds \| 2 baths \| 1,230 sq.ft.	$250,000	Airbnb cash on cash: 1.89% Traditional cash on cash: 5.42% Airbnb Rental Income: $1313 Traditional Rental Income: $1739 Airbnb ROI: 1.89% Traditional ROI: 5.42%
23648 GOODLIFE Lane Covington, LA Welcome to this stunning move-in ready home, brimming with high-end features & energy-effi...	4 beds \| 3 baths \| 3,230 sq.ft.	$975,000	Airbnb cash on cash: 0.92% Traditional cash on cash: 1.69% Airbnb Rental Income: $2467 Traditional Rental Income: $2568 Airbnb ROI: 0.92% Traditional ROI: 1.69%
70281 C Street Covington, LA Welcome home to this beautifully updated Acadian-style gem in Covington, offering great cu...	3 beds \| 2 baths \| 1,463 sq.ft.	$239,000	Airbnb cash on cash: 1.97% Traditional cash on cash: 5.69% Airbnb Rental Income: $1313 Traditional Rental Income: $1745 Airbnb ROI: 1.97% Traditional ROI: 5.69%
459 CAMDEN PARK Drive Covington, LA Enjoy all the conveniences of Covington and the surrounding areas while indulging in the l...	4 beds \| 3 baths \| 2,993 sq.ft.	$693,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 2.72% Airbnb Rental Income: $2467 Traditional Rental Income: $2987 Airbnb ROI: 0.99% Traditional ROI: 2.72%
605 S AMERICA Street Covington, LA A timeless estate in the heart of Covington. This stunning home is a total renovation blen...	4 beds \| 5 baths \| 4,696 sq.ft.	$1,900,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.3% Airbnb Rental Income: $2467 Traditional Rental Income: $5222 Airbnb ROI: -0.6% Traditional ROI: 1.3%
740 DOUBLE J Road Covington, LA Discover a one-of-a-kind custom estate where luxury living meets the great outdoors. Nestl...	4 beds \| 4 baths \| 2,777 sq.ft.	$699,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 2.88% Airbnb Rental Income: $2467 Traditional Rental Income: $2872 Airbnb ROI: 1.34% Traditional ROI: 2.88%
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: N/A Traditional cash on cash: 0.36% Airbnb Rental Income: $null Traditional Rental Income: $7272 Airbnb ROI: N/A Traditional ROI: 0.36%

Real Estate investment in Covington, LA

There are 123 properties for sale in the city of Covington . The median list price in Covington is $409,950 and the average price per square foot is $165. In January 2026, the average monthly cash on cash return in Covington is 4.00%. The average monthly rental income in Covington is $2,326.

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

There are 123 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 $2,326.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, LA

223 W 9TH Avenue

Covington, LA

3 beds | 3 baths | 2,150 sq.ft.

$309,900

Airbnb cash on cash: 1.24%

Traditional cash on cash: 5.87%

Airbnb Rental Income: $1313

Traditional Rental Income: $2256

Airbnb ROI: 1.24%

Traditional ROI: 5.87%

20366 HELENBIRG Road

Covington, LA

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

$395,000

Airbnb cash on cash: 3.24%

Traditional cash on cash: 4.22%

Airbnb Rental Income: $2467

Traditional Rental Income: $2229

Airbnb ROI: 3.24%

Traditional ROI: 4.22%

1128 W 11TH Avenue

Covington, LA

5 beds | 3 baths | 2,627 sq.ft.

$548,000

Airbnb cash on cash: N/A

Traditional cash on cash: 3.45%

Airbnb Rental Income: $null

Traditional Rental Income: $2649

Airbnb ROI: N/A

Traditional ROI: 3.45%

344 ORMOND Drive

Covington, LA

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

$624,900

Airbnb cash on cash: 1.48%

Traditional cash on cash: 3.56%

Airbnb Rental Income: $2467

Traditional Rental Income: $3083

Airbnb ROI: 1.48%

Traditional ROI: 3.56%

224 MENETRE Drive

Covington, LA

3 beds | 4 baths | 2,517 sq.ft.

$549,900

Airbnb cash on cash: -0.03%

Traditional cash on cash: 3.67%

Airbnb Rental Income: $1313

Traditional Rental Income: $2806

Airbnb ROI: -0.03%

Traditional ROI: 3.67%

830 S NEW HAMPSHIRE Street

Covington, LA

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

$4,200,000

Airbnb cash on cash: N/A

Traditional cash on cash: 0.54%

Airbnb Rental Income: $null

Traditional Rental Income: $7029

Airbnb ROI: N/A

Traditional ROI: 0.54%

75578 RIVER Road

Covington, LA

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

$1,995,000

Airbnb cash on cash: -0.59%

Traditional cash on cash: 1.17%

Airbnb Rental Income: $2467

Traditional Rental Income: $5123

Airbnb ROI: -0.59%

Traditional ROI: 1.17%

23160 LOWE DAVIS Road

Covington, LA

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

$690,000

Airbnb cash on cash: -0.28%

Traditional cash on cash: 2.7%

Airbnb Rental Income: $1313

Traditional Rental Income: $2828

Airbnb ROI: -0.28%