Real Estate Investment Properties for Sale in Covington, TN

Looking for investment property in Covington, TN with high ROI ?

Explore a variety of short-term homes & houses in Covington, TN. Invest wisely with VRBO & Covington, TN 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, TN

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
263 MORRIS Rd Covington, TN 20 acres and a Pool !!! Come live in country seclusion and enjoy backyard life on a large ...	4 beds \| 3 baths \| 2,682 sq.ft.	$685,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.18% Airbnb Rental Income: $null Traditional Rental Income: $2253 Airbnb ROI: N/A Traditional ROI: 2.18%
2051 SOLO Rd Covington, TN 2051 Solo Road - 2 acres - Finished 30x19 basement - 2-story 30x24 shop - Fruit and pecan ...	3 beds \| 2 baths \| 2,296 sq.ft.	$360,000	Airbnb cash on cash: -0.09% Traditional cash on cash: 4.2% Airbnb Rental Income: $827 Traditional Rental Income: $1950 Airbnb ROI: -0.09% Traditional ROI: 4.2%
4615 HWY 54 E Covington, TN Charming 3-bedroom, 1.5-bath home full of character, situated on a spacious 1-acre lot wit...	3 beds \| 2 baths \| 1,545 sq.ft.	$220,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 6.6% Airbnb Rental Income: $827 Traditional Rental Income: $1710 Airbnb ROI: 0.79% Traditional ROI: 6.6%
707 S COLLEGE St Covington, TN Completely remodeled home in the heart of Covington within walking distance to Covington H...	3 beds \| 2 baths \| 2,156 sq.ft.	$320,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4.59% Airbnb Rental Income: $827 Traditional Rental Income: $1845 Airbnb ROI: 0.12% Traditional ROI: 4.59%
320 High St N Covington, TN Great for large or multi generational families with upstairs able to be own living quarter...	4 beds \| 2 baths \| N/A	$179,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.03% Airbnb Rental Income: $null Traditional Rental Income: $2224 Airbnb ROI: N/A Traditional ROI: 11.03%
527 FAIRWAY Dr Covington, TN Located along the 6th fairway of the Covington Country Club golf course, this 5,235 sqft h...	4 beds \| 4 baths \| 5,235 sq.ft.	$619,900	Airbnb cash on cash: N/A Traditional cash on cash: 4.61% Airbnb Rental Income: $null Traditional Rental Income: $3578 Airbnb ROI: N/A Traditional ROI: 4.61%
1452 SOLO Rd Covington, TN Nestled on nearly 11 acres Covington, this spacious 4 bedroom home offers a rare opportuni...	4 beds \| 5 baths \| 4,219 sq.ft.	$599,900	Airbnb cash on cash: N/A Traditional cash on cash: 6.73% Airbnb Rental Income: $null Traditional Rental Income: $4619 Airbnb ROI: N/A Traditional ROI: 6.73%
624 FYFE St Covington, TN This newly remodeled cutie is waiting for you! This home brings beach cottage vibes to Cov...	3 beds \| 1 baths \| 1,078 sq.ft.	$185,000	Airbnb cash on cash: 1.15% Traditional cash on cash: 6.72% Airbnb Rental Income: $827 Traditional Rental Income: $1481 Airbnb ROI: 1.15% Traditional ROI: 6.72%
715 MAPLE St S Covington, TN Beautifully renovated 2BR/1BA home in the heart of Covington, just minutes from the histor...	2 beds \| 1 baths \| 897 sq.ft.	$199,000	Airbnb cash on cash: -0.33% Traditional cash on cash: 4.97% Airbnb Rental Income: $542 Traditional Rental Income: $1264 Airbnb ROI: -0.33% Traditional ROI: 4.97%
502 JAMES Ave Covington, TN Price Reduced to $242,500 Due to contract falling thru the week of closing with no fault o...	3 beds \| 2 baths \| 1,696 sq.ft.	$242,500	Airbnb cash on cash: 0.49% Traditional cash on cash: 6.96% Airbnb Rental Income: $827 Traditional Rental Income: $1983 Airbnb ROI: 0.49% Traditional ROI: 6.96%
301 N MAPLE St Covington, TN Step into the charm of this historic 1900 home, just a short walk to the Covington Square....	3 beds \| 2 baths \| 2,636 sq.ft.	$185,000	Airbnb cash on cash: 0.99% Traditional cash on cash: 11.36% Airbnb Rental Income: $827 Traditional Rental Income: $2325 Airbnb ROI: 0.99% Traditional ROI: 11.36%
1321 59 Hwy W Covington, TN BEAUTIFULLY REMODELED! This home has been professionally remodeled from top to bottom! Wit...	3 beds \| 2 baths \| 1,900 sq.ft.	$310,000	Airbnb cash on cash: 0.27% Traditional cash on cash: 4.19% Airbnb Rental Income: $827 Traditional Rental Income: $1642 Airbnb ROI: 0.27% Traditional ROI: 4.19%
1139 Tennessee 179 Covington, TN Move In Ready!!! This home features 3 bedrooms, 2 bathrooms, and is ready for its new owne...	3 beds \| 2 baths \| 1,512 sq.ft.	$140,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 10.71% Airbnb Rental Income: $827 Traditional Rental Income: $1760 Airbnb ROI: 1.33% Traditional ROI: 10.71%
212 Tipton St Covington, TN 212 Tipton St, Covington, TN 38019 \| Single Family Residential	5 beds \| 3 baths \| N/A	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.63% Airbnb Rental Income: $null Traditional Rental Income: $2561 Airbnb ROI: N/A Traditional ROI: 6.63%
133 Washington Ave Covington, TN 133 Washington Ave, Covington, TN 38019 \| Single Family Residential	6 beds \| 2 baths \| N/A	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.8% Airbnb Rental Income: $null Traditional Rental Income: $1902 Airbnb ROI: N/A Traditional ROI: 3.8%
296 E Washington Ave Covington, TN 296 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.34% Airbnb Rental Income: $542 Traditional Rental Income: $1517 Airbnb ROI: -1.1% Traditional ROI: 3.34%
111 Washington Ave Covington, TN 111 Washington Ave, Covington, TN 38019 \| Single Family Residential	6 beds \| 2 baths \| N/A	$255,000	Airbnb cash on cash: N/A Traditional cash on cash: 5.5% Airbnb Rental Income: $null Traditional Rental Income: $1829 Airbnb ROI: N/A Traditional ROI: 5.5%
0 Oil Mill Rd Rd Covington, TN 0 Oil Mill Rd Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$260,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.02% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: -0.02%
1622 Sanford Rd Covington, TN 1622 Sanford Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$204,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.43% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: 0.43%
0 Hwy 51 Hwy Covington, TN 0 Hwy 51 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$430,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.68% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: -0.68%
375 Mueller Brass Rd Covington, TN 375 Mueller Brass Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$325,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.35% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: -0.35%
0 Mueller Brass Rd Covington, TN 0 Mueller Brass Rd, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$85,000	Airbnb cash on cash: N/A Traditional cash on cash: 3.25% Airbnb Rental Income: $null Traditional Rental Income: $506 Airbnb ROI: N/A Traditional ROI: 3.25%
513 Garland Ave Covington, TN 513 Garland Ave, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$375,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.3% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: -0.3%
1186 Hwy 51 Hwy Covington, TN 1186 Hwy 51 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$625,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.86% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: -0.86%
284 E Washington Ave Covington, TN 284 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$259,900	Airbnb cash on cash: -1.01% Traditional cash on cash: 3.91% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.01% Traditional ROI: 3.91%
260 E Washington Ave Covington, TN 260 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
248 E Washington Ave Covington, TN 248 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
272 E Washington Ave Covington, TN 272 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
236 E Washington Ave Covington, TN 236 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
224 E Washington Ave Covington, TN 224 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
212 E Washington Ave Covington, TN 212 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
200 E Washington Ave Covington, TN 200 E Washington Ave, Covington, TN 38019 \| Townhouse	2 beds \| 2 baths \| N/A	$299,900	Airbnb cash on cash: -1.1% Traditional cash on cash: 3.18% Airbnb Rental Income: $542 Traditional Rental Income: $1471 Airbnb ROI: -1.1% Traditional ROI: 3.18%
212 Feezor St Covington, TN 212 Feezor St, Covington, TN 38019 \| Single Family Residential	3 beds \| 2 baths \| N/A	$225,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 4.11% Airbnb Rental Income: $827 Traditional Rental Income: $1332 Airbnb ROI: 0.21% Traditional ROI: 4.11%
503 TERRACE Dr Covington, TN This quaint home is located on a corner lot convenient to all amenities Covington has to o...	2 beds \| 3 baths \| 2,116 sq.ft.	$185,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 11.45% Airbnb Rental Income: $542 Traditional Rental Income: $2349 Airbnb ROI: -0.41% Traditional ROI: 11.45%
664 RIALTO Rd Covington, TN Welcome to your slice of legacy! This spacious manufactured home built in 2021 sits on an ...	4 beds \| 2 baths \| 2,176 sq.ft.	$229,900	Airbnb cash on cash: N/A Traditional cash on cash: 8.43% Airbnb Rental Income: $null Traditional Rental Income: $2213 Airbnb ROI: N/A Traditional ROI: 8.43%
605 Junior Dr Covington, TN 605 Junior Dr, Covington, TN 38019 \| Single Family Residential	3 beds \| 2 baths \| N/A	$184,000	Airbnb cash on cash: 0.62% Traditional cash on cash: 5.68% Airbnb Rental Income: $827 Traditional Rental Income: $1385 Airbnb ROI: 0.62% Traditional ROI: 5.68%
1090 Hwy 179 Hwy Covington, TN 1090 Hwy 179 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| N/A	$75,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.97% Airbnb Rental Income: $null Traditional Rental Income: $587 Airbnb ROI: N/A Traditional ROI: 4.97%
E Hwy 54 Hwy Covington, TN E Hwy 54 Hwy, Covington, TN 38019 \| Other	N/A beds \| N/A baths \| 2,222 sq.ft.	$470,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.33% Airbnb Rental Income: $null Traditional Rental Income: $990 Airbnb ROI: N/A Traditional ROI: 0.33%
114 BOYCE Ave E Covington, TN This adorable home is within walking distance of historical downtown Covington and is comp...	3 beds \| 1 baths \| 1,184 sq.ft.	$194,900	Airbnb cash on cash: 1.05% Traditional cash on cash: 6.26% Airbnb Rental Income: $827 Traditional Rental Income: $1463 Airbnb ROI: 1.05% Traditional ROI: 6.26%
597 WALTON Loop Covington, TN Owner occupant* 3 bedrooms, 1 bath, situated on almost a half acre lot in Covington, TN. I...	3 beds \| 1 baths \| 1,024 sq.ft.	$145,950	Airbnb cash on cash: 1.61% Traditional cash on cash: 8.63% Airbnb Rental Income: $827 Traditional Rental Income: $1482 Airbnb ROI: 1.61% Traditional ROI: 8.63%

Real Estate investment in Covington, TN

There are 62 properties for sale in the city of Covington . The median list price in Covington is $184,855 and the average price per square foot is $81. In June 2026, the average monthly cash on cash return in Covington is 5.00%. The average monthly rental income in Covington is $1,525.

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

There are 62 investment properties available for sale in Covington.

In 2026, the best neighborhood to buy investment property is Covington.

The ROI for Short-Term is higher than the Long-Term in Covington with average rental income of $827.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, TN

263 MORRIS Rd

Covington, TN

4 beds | 3 baths | 2,682 sq.ft.

$685,000

Airbnb cash on cash: N/A

Traditional cash on cash: 2.18%

Airbnb Rental Income: $null

Traditional Rental Income: $2253

Airbnb ROI: N/A

Traditional ROI: 2.18%

2051 SOLO Rd

Covington, TN

3 beds | 2 baths | 2,296 sq.ft.

$360,000

Airbnb cash on cash: -0.09%

Traditional cash on cash: 4.2%

Airbnb Rental Income: $827

Traditional Rental Income: $1950

Airbnb ROI: -0.09%

Traditional ROI: 4.2%

4615 HWY 54 E

Covington, TN

3 beds | 2 baths | 1,545 sq.ft.

$220,000

Airbnb cash on cash: 0.79%

Traditional cash on cash: 6.6%

Airbnb Rental Income: $827

Traditional Rental Income: $1710

Airbnb ROI: 0.79%

Traditional ROI: 6.6%

707 S COLLEGE St

Covington, TN

3 beds | 2 baths | 2,156 sq.ft.

$320,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 4.59%

Airbnb Rental Income: $827

Traditional Rental Income: $1845

Airbnb ROI: 0.12%

Traditional ROI: 4.59%

320 High St N

Covington, TN

4 beds | 2 baths | N/A

$179,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.03%

Airbnb Rental Income: $null

Traditional Rental Income: $2224

Airbnb ROI: N/A

Traditional ROI: 11.03%

527 FAIRWAY Dr

Covington, TN

4 beds | 4 baths | 5,235 sq.ft.

$619,900

Airbnb cash on cash: N/A

Traditional cash on cash: 4.61%

Airbnb Rental Income: $null

Traditional Rental Income: $3578

Airbnb ROI: N/A

Traditional ROI: 4.61%

1452 SOLO Rd

Covington, TN

4 beds | 5 baths | 4,219 sq.ft.

$599,900

Airbnb cash on cash: N/A

Traditional cash on cash: 6.73%

Airbnb Rental Income: $null

Traditional Rental Income: $4619

Airbnb ROI: N/A

Traditional ROI: 6.73%

624 FYFE St

Covington, TN

3 beds | 1 baths | 1,078 sq.ft.

$185,000

Airbnb cash on cash: 1.15%

Traditional cash on cash: 6.72%

Airbnb Rental Income: $827

Traditional Rental Income: $1481

Airbnb ROI: 1.15%