Real Estate Investment Properties for Sale in Covington, VA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2031 S Carpenter Dr Covington, VA 12-24 month Contract for Deed. Buyers will occupy and maintain the home during this period...	3 beds \| 2 baths \| 1,372 sq.ft.	$130,000	Airbnb cash on cash: 3.43% Traditional cash on cash: 11.23% Airbnb Rental Income: $1052 Traditional Rental Income: $1663 Airbnb ROI: 3.43% Traditional ROI: 11.23%
107 Mount Pleasant Dr Covington, VA Former church property now being used for residential purpose located in the beautiful mou...	1 beds \| 2 baths \| 8,800 sq.ft.	$249,000	Airbnb cash on cash: -1.44% Traditional cash on cash: 4.76% Airbnb Rental Income: $472 Traditional Rental Income: $1663 Airbnb ROI: -1.44% Traditional ROI: 4.76%
500 Jacksons Flat Covington, VA Remarkable mountain retreat located on almost 120 acres in a private setting with breath t...	3 beds \| 3 baths \| 4,265 sq.ft.	$1,250,000	Airbnb cash on cash: -0.69% Traditional cash on cash: 0.68% Airbnb Rental Income: $1052 Traditional Rental Income: $2286 Airbnb ROI: -0.69% Traditional ROI: 0.68%
308 Crowder Hollow Rd Covington, VA Experience unparalleled mountain luxury in this extraordinary Alleghany Highlands estate, ...	3 beds \| 2 baths \| 1,570 sq.ft.	$2,590,000	Airbnb cash on cash: -0.82% Traditional cash on cash: -0.2% Airbnb Rental Income: $1052 Traditional Rental Income: $2188 Airbnb ROI: -0.82% Traditional ROI: -0.2%
180 Old Country Road Rd Covington, VA A charming two story vinyl sided home with replacement windows and a metal roof setting al...	3 beds \| 2 baths \| 1,440 sq.ft.	$289,900	Airbnb cash on cash: 0.76% Traditional cash on cash: 4.73% Airbnb Rental Income: $1052 Traditional Rental Income: $1771 Airbnb ROI: 0.76% Traditional ROI: 4.73%
625 W Jackson St Covington, VA Charming and affordable living in the heart of Covington! This 2-bedroom, 1-bathroom home ...	2 beds \| 1 baths \| 840 sq.ft.	$149,900	Airbnb cash on cash: N/A Traditional cash on cash: 5.04% Airbnb Rental Income: $null Traditional Rental Income: $1023 Airbnb ROI: N/A Traditional ROI: 5.04%
204 E Prospect St Covington, VA If you need garages and tons of storage, plus live within steps to it all, look no more. T...	4 beds \| 1 baths \| 2,000 sq.ft.	$164,950	Airbnb cash on cash: N/A Traditional cash on cash: 7.79% Airbnb Rental Income: $null Traditional Rental Income: $1537 Airbnb ROI: N/A Traditional ROI: 7.79%
220 E Prospect St Covington, VA Beautiful two story brick home within a three block walk of the vibrant downtown of the Ci...	4 beds \| 2 baths \| 2,145 sq.ft.	$220,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.68% Airbnb Rental Income: $null Traditional Rental Income: $2237 Airbnb ROI: N/A Traditional ROI: 8.68%
204 Boone Rd Covington, VA An extremely well maintained brick and vinyl sided three bedroom and two full bath home in...	3 beds \| 2 baths \| 1,492 sq.ft.	$269,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 5.58% Airbnb Rental Income: $1052 Traditional Rental Income: $1848 Airbnb ROI: 1.01% Traditional ROI: 5.58%
532 N Beverly Ave Covington, VA Discover charming cottage living in Covington, VA with this 2-bedroom, 1-bath home. Perfec...	2 beds \| 1 baths \| 936 sq.ft.	$119,900	Airbnb cash on cash: N/A Traditional cash on cash: 10.69% Airbnb Rental Income: $null Traditional Rental Income: $1464 Airbnb ROI: N/A Traditional ROI: 10.69%
306 Broken arrow Ln Covington, VA This charmer is move-in ready. You will feel right at home from the moment you pull onto t...	3 beds \| 2 baths \| 1,288 sq.ft.	$209,500	Airbnb cash on cash: 1.57% Traditional cash on cash: 6.61% Airbnb Rental Income: $1052 Traditional Rental Income: $1688 Airbnb ROI: 1.57% Traditional ROI: 6.61%
902 White Oak Dr Covington, VA Well maintained tri-level in desirable Oakwood Forest neighborhood. One mile from Covingto...	4 beds \| 3 baths \| 2,855 sq.ft.	$339,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.91% Airbnb Rental Income: $null Traditional Rental Income: $3055 Airbnb ROI: N/A Traditional ROI: 7.91%
347 E Oak St Covington, VA If you're looking for a budget friendly home, remodeled, and spacious, this is the home fo...	2 beds \| 1 baths \| 1,224 sq.ft.	$129,500	Airbnb cash on cash: N/A Traditional cash on cash: 9.04% Airbnb Rental Income: $null Traditional Rental Income: $1404 Airbnb ROI: N/A Traditional ROI: 9.04%

Real Estate investment in Covington, VA

There are 13 properties for sale in the city of Covington . The median list price in Covington is $129,672 and the average price per square foot is $57. In July 2026, the average monthly cash on cash return in Covington is 7.00%. The average monthly rental income in Covington is $1,730.

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

There are 13 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 $1,730.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, VA

2031 S Carpenter Dr

Covington, VA

3 beds | 2 baths | 1,372 sq.ft.

$130,000

Airbnb cash on cash: 3.43%

Traditional cash on cash: 11.23%

Airbnb Rental Income: $1052

Traditional Rental Income: $1663

Airbnb ROI: 3.43%

Traditional ROI: 11.23%

107 Mount Pleasant Dr

Covington, VA

1 beds | 2 baths | 8,800 sq.ft.

$249,000

Airbnb cash on cash: -1.44%

Traditional cash on cash: 4.76%

Airbnb Rental Income: $472

Traditional Rental Income: $1663

Airbnb ROI: -1.44%

Traditional ROI: 4.76%

500 Jacksons Flat

Covington, VA

3 beds | 3 baths | 4,265 sq.ft.

$1,250,000

Airbnb cash on cash: -0.69%

Traditional cash on cash: 0.68%

Airbnb Rental Income: $1052

Traditional Rental Income: $2286

Airbnb ROI: -0.69%

Traditional ROI: 0.68%

308 Crowder Hollow Rd

Covington, VA

3 beds | 2 baths | 1,570 sq.ft.

$2,590,000

Airbnb cash on cash: -0.82%

Traditional cash on cash: -0.2%

Airbnb Rental Income: $1052

Traditional Rental Income: $2188

Airbnb ROI: -0.82%

Traditional ROI: -0.2%

180 Old Country Road Rd

Covington, VA

3 beds | 2 baths | 1,440 sq.ft.

$289,900

Airbnb cash on cash: 0.76%

Traditional cash on cash: 4.73%

Airbnb Rental Income: $1052

Traditional Rental Income: $1771

Airbnb ROI: 0.76%

Traditional ROI: 4.73%

625 W Jackson St

Covington, VA

2 beds | 1 baths | 840 sq.ft.

$149,900

Airbnb cash on cash: N/A

Traditional cash on cash: 5.04%

Airbnb Rental Income: $null

Traditional Rental Income: $1023

Airbnb ROI: N/A

Traditional ROI: 5.04%

204 E Prospect St

Covington, VA

4 beds | 1 baths | 2,000 sq.ft.

$164,950

Airbnb cash on cash: N/A

Traditional cash on cash: 7.79%

Airbnb Rental Income: $null

Traditional Rental Income: $1537

Airbnb ROI: N/A

Traditional ROI: 7.79%

220 E Prospect St

Covington, VA

4 beds | 2 baths | 2,145 sq.ft.

$220,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.68%

Airbnb Rental Income: $null

Traditional Rental Income: $2237

Airbnb ROI: N/A