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.

W Wheatfield Twp Investment Property for Sale in Covington, LA

Search for W Wheatfield Twp Investment Property for Sale in Covington, Louisiana. Browse all of Mashvisor’s W Wheatfield Twp Investment Property listings and other investment property types including Single Family Homes, Multi Family Homes, Condos, Townhouses and Other Homes.

Showing 113 W Wheatfield Twp Investment Property listings of over 500,000 total investment properties for sale. Visit Mashvisor.com to all investment properties.

separator

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.	$299,000	Airbnb cash on cash: 1.34% Traditional cash on cash: 6.14% Airbnb Rental Income: $1313 Traditional Rental Income: $2256 Airbnb ROI: 1.34% Traditional ROI: 6.14%
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.	$364,900	Airbnb cash on cash: 3.63% Traditional cash on cash: 4.69% Airbnb Rental Income: $2467 Traditional Rental Income: $2229 Airbnb ROI: 3.63% Traditional ROI: 4.69%
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: -0.59% 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 Multi-generational living complete with separate guest house and rental income. Looking on...	N/A beds \| N/A baths \| 4,249 sq.ft.	$790,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 4.55% Airbnb Rental Income: $867 Traditional Rental Income: $4650 Airbnb ROI: -1.04% Traditional ROI: 4.55%
75717 RICKELIN Drive Covington, LA Stop the search, this is the one youâve been waiting for! This beautifully maintained 4...	4 beds \| 3 baths \| 2,708 sq.ft.	$379,000	Airbnb cash on cash: 3.91% Traditional cash on cash: 4.8% Airbnb Rental Income: $2467 Traditional Rental Income: $2185 Airbnb ROI: 3.91% Traditional ROI: 4.8%
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.	$670,000	Airbnb cash on cash: 0.28% Traditional cash on cash: 3.03% Airbnb Rental Income: $1313 Traditional Rental Income: $2622 Airbnb ROI: 0.28% Traditional ROI: 3.03%
736 COTTAGE Lane Covington, LA Priced well below recent appraised value â a rare opportunity in Terra Bella. Ideally s...	4 beds \| 4 baths \| 4,250 sq.ft.	$879,000	Airbnb cash on cash: 0.47% Traditional cash on cash: 2.77% Airbnb Rental Income: $2467 Traditional Rental Income: $3742 Airbnb ROI: 0.47% Traditional ROI: 2.77%
14448 LAKE TAHOE Drive Covington, LA Charming, cozy, and full of character, this Covington home is ready to welcome you in! Nes...	3 beds \| 2 baths \| 1,164 sq.ft.	$209,000	Airbnb cash on cash: 2.76% Traditional cash on cash: 5.9% Airbnb Rental Income: $1313 Traditional Rental Income: $1527 Airbnb ROI: 2.76% Traditional ROI: 5.9%
428 N PIERCE Street Covington, LA Ideally located just minutes from charming downtown Covington, this 4-bedroom, 2-bath home...	4 beds \| 2 baths \| 1,487 sq.ft.	$200,000	Airbnb cash on cash: 8.27% Traditional cash on cash: 8.43% Airbnb Rental Income: $2467 Traditional Rental Income: $1896 Airbnb ROI: 8.27% Traditional ROI: 8.43%
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: 1.21% Traditional cash on cash: 4.13% Airbnb Rental Income: $1313 Traditional Rental Income: $1867 Airbnb ROI: 1.21% Traditional ROI: 4.13%
72287 MILITARY Road Covington, LA "Renovated Bogue Falaya Riverfront Retreat with almost 100 feet of your own Private Sandy ...	3 beds \| 3 baths \| 2,450 sq.ft.	$725,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 1.87% Airbnb Rental Income: $1313 Traditional Rental Income: $2405 Airbnb ROI: -0.34% Traditional ROI: 1.87%
327 SAW GRASS Loop Covington, LA POTENTIAL SHORT SALE - PRICED AT APPRAISED VALUE! Here's your opportunity to get a great d...	4 beds \| 3 baths \| 2,471 sq.ft.	$493,000	Airbnb cash on cash: 2.2% Traditional cash on cash: 4.52% Airbnb Rental Income: $2467 Traditional Rental Income: $2937 Airbnb ROI: 2.2% Traditional ROI: 4.52%
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.	$300,000	Airbnb cash on cash: 4.3% Traditional cash on cash: 7.69% Airbnb Rental Income: $2467 Traditional Rental Income: $2824 Airbnb ROI: 4.3% Traditional ROI: 7.69%
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: 0.28% Traditional cash on cash: 3.76% Airbnb Rental Income: $1313 Traditional Rental Income: $2922 Airbnb ROI: 0.28% 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.	$250,000	Airbnb cash on cash: 1.83% Traditional cash on cash: 5.89% Airbnb Rental Income: $1313 Traditional Rental Income: $1864 Airbnb ROI: 1.83% Traditional ROI: 5.89%
70317 7TH Street Covington, LA SPECIAL, LOW-INTEREST FINANCING AVAILABLE!!! OPEN HOUSE: March 29th from Noon - 6:30 p.m. ...	3 beds \| 2 baths \| 2,031 sq.ft.	$315,000	Airbnb cash on cash: 1.47% Traditional cash on cash: 5.98% Airbnb Rental Income: $1313 Traditional Rental Income: $2242 Airbnb ROI: 1.47% Traditional ROI: 5.98%
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.	$149,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 5.3% Airbnb Rental Income: $1379 Traditional Rental Income: $1609 Airbnb ROI: 0.75% Traditional ROI: 5.3%
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: 0.6% Traditional cash on cash: 5.01% Airbnb Rental Income: $1379 Traditional Rental Income: $1507 Airbnb ROI: 0.6% Traditional ROI: 5.01%
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.	$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 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.	$789,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 0.67% Airbnb Rental Income: $1118 Traditional Rental Income: $1481 Airbnb ROI: -0.34% Traditional ROI: 0.67%
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.	$1,799,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 0.97% Airbnb Rental Income: $2467 Traditional Rental Income: $4521 Airbnb ROI: -0.62% Traditional ROI: 0.97%
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%
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.	$899,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 1.92% Airbnb Rental Income: $2467 Traditional Rental Income: $2568 Airbnb ROI: 1.08% Traditional ROI: 1.92%
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%
1421 ZACHERY Court Covington, LA Skip the builder wait â this one-year-young home in Oak Alley Meadows already has the up...	3 beds \| 2 baths \| 1,925 sq.ft.	$335,000	Airbnb cash on cash: 1.41% Traditional cash on cash: 4.97% Airbnb Rental Income: $1313 Traditional Rental Income: $2025 Airbnb ROI: 1.41% 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 Highway 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: -0.16% Traditional cash on cash: 2.4% Airbnb Rental Income: $1313 Traditional Rental Income: $2554 Airbnb ROI: -0.16% 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: 1.55% Traditional cash on cash: 5.44% Airbnb Rental Income: $1313 Traditional Rental Income: $1823 Airbnb ROI: 1.55% 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: 5.31% Traditional cash on cash: 6.56% Airbnb Rental Income: $2467 Traditional Rental Income: $2191 Airbnb ROI: 5.31% 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: -1.52% Traditional cash on cash: 6.28% Airbnb Rental Income: $1118 Traditional Rental Income: $1642 Airbnb ROI: -1.52% 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: 1.8% Traditional cash on cash: 3.44% Airbnb Rental Income: $2467 Traditional Rental Income: $2750 Airbnb ROI: 1.8% Traditional ROI: 3.44%
830 S MADISON Street Covington, LA For the first time ever, this extraordinary propertyâspanning an entire half block and 5...	3 beds \| 3 baths \| 2,629 sq.ft.	$1,500,000	Airbnb cash on cash: -0.73% Traditional cash on cash: 0.64% Airbnb Rental Income: $1313 Traditional Rental Income: $2820 Airbnb ROI: -0.73% 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.	$342,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 5.87% Airbnb Rental Income: $1313 Traditional Rental Income: $2478 Airbnb ROI: 0.98% Traditional ROI: 5.87%

Your search for investment property begins and ends here

W Wheatfield Twp Investment Property for Sale in Covington, LA

223 W 9TH Avenue

Covington, LA

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

$299,000

Airbnb cash on cash: 1.34%

Traditional cash on cash: 6.14%

Airbnb Rental Income: $1313

Traditional Rental Income: $2256

Airbnb ROI: 1.34%

Traditional ROI: 6.14%

20366 HELENBIRG Road

Covington, LA

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

$364,900

Airbnb cash on cash: 3.63%

Traditional cash on cash: 4.69%

Airbnb Rental Income: $2467

Traditional Rental Income: $2229

Airbnb ROI: 3.63%

Traditional ROI: 4.69%

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: -0.59%

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%

Traditional ROI: 2.7%

23375 LOWE DAVIS Road

Covington, LA

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

$790,000

Airbnb cash on cash: -1.04%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $867

Traditional Rental Income: $4650

Airbnb ROI: -1.04%

Traditional ROI: 4.55%

75717 RICKELIN Drive

Covington, LA

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

$379,000

Airbnb cash on cash: 3.91%

Traditional cash on cash: 4.8%

Airbnb Rental Income: $2467

Traditional Rental Income: $2185

Airbnb ROI: 3.91%

Traditional ROI: 4.8%

124 BAY TREE MANOR Drive

Covington, LA

3 beds | 3 baths | 2,390 sq.ft.

$670,000

Airbnb cash on cash: 0.28%

Traditional cash on cash: 3.03%

Airbnb Rental Income: $1313

Traditional Rental Income: $2622

Airbnb ROI: 0.28%