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.

Woodlawn Investment Property for Sale in Covington, LA

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

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

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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.	$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: 4.67% Airbnb Rental Income: $2467 Traditional Rental Income: $2137 Airbnb ROI: 3.91% Traditional ROI: 4.67%
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: 8.26% Airbnb Rental Income: $1313 Traditional Rental Income: $1995 Airbnb ROI: 2.76% Traditional ROI: 8.26%
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: 9.7% Airbnb Rental Income: $2467 Traditional Rental Income: $2137 Airbnb ROI: 8.27% Traditional ROI: 9.7%
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: 4.52% Airbnb Rental Income: $1313 Traditional Rental Income: $1995 Airbnb ROI: 1.21% Traditional ROI: 4.52%
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.	$739,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 1.81% Airbnb Rental Income: $1313 Traditional Rental Income: $2405 Airbnb ROI: -0.37% Traditional ROI: 1.81%
327 SAW GRASS Loop Covington, LA POTENTIAL SHORT SALE - PRICED UNDER APPRAISED VALUE! Here's your opportunity to get a grea...	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: 5.26% Airbnb Rental Income: $2467 Traditional Rental Income: $2137 Airbnb ROI: 4.3% Traditional ROI: 5.26%
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: 2.16% Airbnb Rental Income: $1313 Traditional Rental Income: $1995 Airbnb ROI: 0.28% Traditional ROI: 2.16%
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: 6.44% Airbnb Rental Income: $1313 Traditional Rental Income: $1995 Airbnb ROI: 1.83% Traditional ROI: 6.44%
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%

Your search for investment property begins and ends here

Woodlawn 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: 4.67%

Airbnb Rental Income: $2467

Traditional Rental Income: $2137

Airbnb ROI: 3.91%

Traditional ROI: 4.67%

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%