Real Estate Investment Properties for Sale in Covington, WA

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

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

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
20531 SE 258th Pl Covington, WA Experience luxury living at its finest & say goodbye to the wait for new construction w/ t...	5 beds \| 3 baths \| 4,320 sq.ft.	$1,129,750	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.93% Airbnb Rental Income: $2812 Traditional Rental Income: $4259 Airbnb ROI: -0.07% Traditional ROI: 1.93%
25502 Lot 13 204th Pl SE Covington, WA 25502 Lot 13 204th Pl SE, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,196 sq.ft.	$1,054,995	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.65% Airbnb Rental Income: $3067 Traditional Rental Income: $3894 Airbnb ROI: 0.1% Traditional ROI: 1.65%
25714 207th Ave SE Covington, WA 25714 207th Ave SE, Kent, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 4,070 sq.ft.	$925,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 2.43% Airbnb Rental Income: $2812 Traditional Rental Income: $3961 Airbnb ROI: 0.33% Traditional ROI: 2.43%
25414 Lot 11 204th Pl SE Covington, WA 25414 Lot 11 204th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,678 sq.ft.	$1,049,995	Airbnb cash on cash: -0.11% Traditional cash on cash: 1.5% Airbnb Rental Income: $2812 Traditional Rental Income: $3730 Airbnb ROI: -0.11% Traditional ROI: 1.5%
25416 Lot 12 204th Pl SE Covington, WA 25416 Lot 12 204th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,678 sq.ft.	$949,995	Airbnb cash on cash: 0.08% Traditional cash on cash: N/A Airbnb Rental Income: $2812 Traditional Rental Income: $0 Airbnb ROI: 0.08% Traditional ROI: N/A
18007 SE 250th Pl #1 Covington, WA 18007 SE 250th Pl #1, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 2,697 sq.ft.	$899,950	Airbnb cash on cash: 0.63% Traditional cash on cash: 2.24% Airbnb Rental Income: $3067 Traditional Rental Income: $3711 Airbnb ROI: 0.63% Traditional ROI: 2.24%
18413 SE 242nd Ct Covington, WA 18413 SE 242nd Ct, Covington, WA 98042 \| Single Family Residential	3 beds \| 2 baths \| 2,222 sq.ft.	$695,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 2.2% Airbnb Rental Income: $1802 Traditional Rental Income: $2841 Airbnb ROI: -0.16% Traditional ROI: 2.2%
25517 Lot 3 204th Pl SE Covington, WA 25517 Lot 3 204th Pl SE, Covington, WA 98042 \| Single Family Residential	6 beds \| 4 baths \| 3,367 sq.ft.	$1,199,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.2% Airbnb Rental Income: $2812 Traditional Rental Income: $4989 Airbnb ROI: -0.34% Traditional ROI: 2.2%
18019 SE 250th Pl #3 Covington, WA 18019 SE 250th Pl #3, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,070 sq.ft.	$1,024,950	Airbnb cash on cash: 0.32% Traditional cash on cash: 1.79% Airbnb Rental Income: $3067 Traditional Rental Income: $3775 Airbnb ROI: 0.32% Traditional ROI: 1.79%
18011 SE 250th Pl #2 Covington, WA 18011 SE 250th Pl #2, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 2,884 sq.ft.	$914,950	Airbnb cash on cash: 0.59% Traditional cash on cash: 2.21% Airbnb Rental Income: $3067 Traditional Rental Income: $3745 Airbnb ROI: 0.59% Traditional ROI: 2.21%
15604 lot 22 SE 257th Pl Covington, WA 15604 lot 22 SE 257th Pl, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,223 sq.ft.	$719,950	Airbnb cash on cash: 1.31% Traditional cash on cash: 2.48% Airbnb Rental Income: $3067 Traditional Rental Income: $3152 Airbnb ROI: 1.31% Traditional ROI: 2.48%
25517 204th Pl SE Covington, WA 25517 204th Pl SE, Covington, WA 98042 \| Single Family Residential	6 beds \| 4 baths \| 3,367 sq.ft.	$1,199,000	Airbnb cash on cash: -0.12% Traditional cash on cash: 2.47% Airbnb Rental Income: $2812 Traditional Rental Income: $5042 Airbnb ROI: -0.12% Traditional ROI: 2.47%
2697 3-Car Plan Covington, WA 2697 3-Car Plan, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 2,697 sq.ft.	$899,950	Airbnb cash on cash: 0.74% Traditional cash on cash: 2.25% Airbnb Rental Income: $3067 Traditional Rental Income: $3631 Airbnb ROI: 0.74% Traditional ROI: 2.25%
3070-3-Car Plan Covington, WA 3070-3-Car Plan, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,070 sq.ft.	$1,024,950	Airbnb cash on cash: 0.41% Traditional cash on cash: 1.8% Airbnb Rental Income: $3067 Traditional Rental Income: $3694 Airbnb ROI: 0.41% Traditional ROI: 1.8%
16921 SE 257th Pl Covington, WA 16921 SE 257th Pl, Kent, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,001 sq.ft.	$1,059,995	Airbnb cash on cash: 0.16% Traditional cash on cash: 1.6% Airbnb Rental Income: $3067 Traditional Rental Income: $3782 Airbnb ROI: 0.16% Traditional ROI: 1.6%
25416 204th Pl SE Covington, WA 25416 204th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,678 sq.ft.	$949,995	Airbnb cash on cash: 0.36% Traditional cash on cash: 2.16% Airbnb Rental Income: $2812 Traditional Rental Income: $3750 Airbnb ROI: 0.36% Traditional ROI: 2.16%
2884 Plan Covington, WA 2884 Plan, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 2,884 sq.ft.	$914,950	Airbnb cash on cash: 0.7% Traditional cash on cash: 2.23% Airbnb Rental Income: $3067 Traditional Rental Income: $3675 Airbnb ROI: 0.7% Traditional ROI: 2.23%
2697 2-Car Plan Covington, WA 2697 2-Car Plan, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 2,697 sq.ft.	$949,950	Airbnb cash on cash: 0.6% Traditional cash on cash: 2.03% Airbnb Rental Income: $3067 Traditional Rental Income: $3631 Airbnb ROI: 0.6% Traditional ROI: 2.03%
Bonney Plan Covington, WA	6 beds \| 4 baths \| 3,202 sq.ft.	$1,034,995	Airbnb cash on cash: 0.17% Traditional cash on cash: 3.06% Airbnb Rental Income: $2812 Traditional Rental Income: $4943 Airbnb ROI: 0.17% Traditional ROI: 3.06%
25624 169th Pl SE Covington, WA 25624 169th Pl SE, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,948 sq.ft.	$1,193,995	Airbnb cash on cash: -0.07% Traditional cash on cash: 1.3% Airbnb Rental Income: $3067 Traditional Rental Income: $3887 Airbnb ROI: -0.07% Traditional ROI: 1.3%
25616 169th Pl SE Covington, WA 25616 169th Pl SE, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,001 sq.ft.	$974,995	Airbnb cash on cash: 0.35% Traditional cash on cash: 1.91% Airbnb Rental Income: $3067 Traditional Rental Income: $3782 Airbnb ROI: 0.35% Traditional ROI: 1.91%
Tapps with Basement Plan Covington, WA	6 beds \| 4 baths \| 3,367 sq.ft.	$1,124,995	Airbnb cash on cash: 0% Traditional cash on cash: 2.66% Airbnb Rental Income: $2812 Traditional Rental Income: $4943 Airbnb ROI: 0% Traditional ROI: 2.66%
Tapps Plan Covington, WA	5 beds \| 3 baths \| 2,678 sq.ft.	$1,024,995	Airbnb cash on cash: 0.19% Traditional cash on cash: 1.79% Airbnb Rental Income: $2812 Traditional Rental Income: $3678 Airbnb ROI: 0.19% Traditional ROI: 1.79%
25012 181st Ave SE #5 Covington, WA 25012 181st Ave SE #5, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,070 sq.ft.	$1,124,950	Airbnb cash on cash: 0.11% Traditional cash on cash: 1.46% Airbnb Rental Income: $3067 Traditional Rental Income: $3776 Airbnb ROI: 0.11% Traditional ROI: 1.46%
24630 190th Pl SE Covington, WA 24630 190th Pl SE, Covington, WA 98042 \| Single Family Residential	3 beds \| 1 baths \| 1,080 sq.ft.	$559,499	Airbnb cash on cash: 0.36% Traditional cash on cash: 1.86% Airbnb Rental Income: $1802 Traditional Rental Income: $2099 Airbnb ROI: 0.36% Traditional ROI: 1.86%
25521 204th Pl SE Covington, WA 25521 204th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 3,255 sq.ft.	$1,129,995	Airbnb cash on cash: -0.01% Traditional cash on cash: 1.74% Airbnb Rental Income: $2812 Traditional Rental Income: $3999 Airbnb ROI: -0.01% Traditional ROI: 1.74%
25327 157th Pl SE Covington, WA 25327 157th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,922 sq.ft.	$1,106,995	Airbnb cash on cash: -0.12% Traditional cash on cash: 1.45% Airbnb Rental Income: $2812 Traditional Rental Income: $3765 Airbnb ROI: -0.12% Traditional ROI: 1.45%
15709 SE 253rd Pl Covington, WA 15709 SE 253rd Pl, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,556 sq.ft.	$983,995	Airbnb cash on cash: 0.34% Traditional cash on cash: 1.33% Airbnb Rental Income: $3067 Traditional Rental Income: $3271 Airbnb ROI: 0.34% Traditional ROI: 1.33%
25323 157th Pl SE Covington, WA 25323 157th Pl SE, Covington, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,982 sq.ft.	$1,094,995	Airbnb cash on cash: -0.1% Traditional cash on cash: 1.52% Airbnb Rental Income: $2812 Traditional Rental Income: $3806 Airbnb ROI: -0.1% Traditional ROI: 1.52%
25414 204th Pl SE Covington, WA 25414 204th Pl SE, Kent, WA 98042 \| Single Family Residential	5 beds \| 3 baths \| 2,678 sq.ft.	$1,049,995	Airbnb cash on cash: 0.14% Traditional cash on cash: N/A Airbnb Rental Income: $2812 Traditional Rental Income: $0 Airbnb ROI: 0.14% Traditional ROI: N/A
15707 lot 5 SE 257th Pl Covington, WA 15707 lot 5 SE 257th Pl, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,223 sq.ft.	$769,950	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.19% Airbnb Rental Income: $3067 Traditional Rental Income: $3152 Airbnb ROI: 1.1% Traditional ROI: 2.19%
15817 SE 252nd Pl Covington, WA 15817 SE 252nd Pl, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,020 sq.ft.	$849,999	Airbnb cash on cash: 0.73% Traditional cash on cash: 2.43% Airbnb Rental Income: $3067 Traditional Rental Income: $3713 Airbnb ROI: 0.73% Traditional ROI: 2.43%
27714 168th Ave SE Covington, WA 27714 168th Ave SE, Covington, WA 98042 \| Single Family Residential	3 beds \| 2 baths \| 1,650 sq.ft.	$629,500	Airbnb cash on cash: 0.1% Traditional cash on cash: 2.05% Airbnb Rental Income: $1802 Traditional Rental Income: $2458 Airbnb ROI: 0.1% Traditional ROI: 2.05%
25836 168th Pl SE Covington, WA 25836 168th Pl SE, Covington, WA 98042 \| Single Family Residential	3 beds \| 2 baths \| 2,000 sq.ft.	$650,000	Airbnb cash on cash: -0.02% Traditional cash on cash: 2.47% Airbnb Rental Income: $1802 Traditional Rental Income: $2826 Airbnb ROI: -0.02% Traditional ROI: 2.47%
16637 SE 261st St Covington, WA 16637 SE 261st St, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,210 sq.ft.	$665,000	Airbnb cash on cash: 1.65% Traditional cash on cash: 2.44% Airbnb Rental Income: $3067 Traditional Rental Income: $2861 Airbnb ROI: 1.65% Traditional ROI: 2.44%
27018 187TH Pl SE #101 Covington, WA 27018 187TH Pl SE #101, Covington, WA 98042 \| Townhouse	3 beds \| 2 baths \| 2,080 sq.ft.	$749,990	Airbnb cash on cash: -0.36% Traditional cash on cash: 2.04% Airbnb Rental Income: $1802 Traditional Rental Income: $2988 Airbnb ROI: -0.36% Traditional ROI: 2.04%
18215 SE 248th St Covington, WA 18215 SE 248th St, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,603 sq.ft.	$780,000	Airbnb cash on cash: 1.08% Traditional cash on cash: 2.32% Airbnb Rental Income: $3067 Traditional Rental Income: $3269 Airbnb ROI: 1.08% Traditional ROI: 2.32%
26319 203rd Pl SE Covington, WA 26319 203rd Pl SE, Covington, WA 98042 \| Single Family Residential	4 beds \| 3 baths \| 3,017 sq.ft.	$869,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 2.49% Airbnb Rental Income: $3067 Traditional Rental Income: $3773 Airbnb ROI: 0.75% Traditional ROI: 2.49%
18222 SE Wax Rd Covington, WA 18222 SE Wax Rd, Covington, WA 98042 \| Single Family Residential	5 beds \| 4 baths \| 1,950 sq.ft.	$1,349,500	Airbnb cash on cash: -0.33% Traditional cash on cash: 0.43% Airbnb Rental Income: $2812 Traditional Rental Income: $3114 Airbnb ROI: -0.33% Traditional ROI: 0.43%
15715 lot 7 SE 257th Pl Covington, WA 15715 lot 7 SE 257th Pl, Covington, WA 98042 \| Single Family Residential	4 beds \| 2 baths \| 2,223 sq.ft.	$769,950	Airbnb cash on cash: 1.1% Traditional cash on cash: 2.19% Airbnb Rental Income: $3067 Traditional Rental Income: $3152 Airbnb ROI: 1.1% Traditional ROI: 2.19%

Real Estate investment in Covington, WA

There are 91 properties for sale in the city of Covington . The median list price in Covington is $779,572 and the average price per square foot is $333. In June 2026, the average monthly cash on cash return in Covington is 2.00%. The average monthly rental income in Covington is $3,152.

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

There are 91 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 $2,812.

Your search for investment property begins and ends here

Investment Property for Sale in Covington, WA

20531 SE 258th Pl

Covington, WA

5 beds | 3 baths | 4,320 sq.ft.

$1,129,750

Airbnb cash on cash: -0.07%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $2812

Traditional Rental Income: $4259

Airbnb ROI: -0.07%

Traditional ROI: 1.93%

25502 Lot 13 204th Pl SE

Covington, WA

4 beds | 3 baths | 3,196 sq.ft.

$1,054,995

Airbnb cash on cash: 0.1%

Traditional cash on cash: 1.65%

Airbnb Rental Income: $3067

Traditional Rental Income: $3894

Airbnb ROI: 0.1%

Traditional ROI: 1.65%

25714 207th Ave SE

Covington, WA

5 beds | 3 baths | 4,070 sq.ft.

$925,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 2.43%

Airbnb Rental Income: $2812

Traditional Rental Income: $3961

Airbnb ROI: 0.33%

Traditional ROI: 2.43%

25414 Lot 11 204th Pl SE

Covington, WA

5 beds | 3 baths | 2,678 sq.ft.

$1,049,995

Airbnb cash on cash: -0.11%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $2812

Traditional Rental Income: $3730

Airbnb ROI: -0.11%

Traditional ROI: 1.5%

25416 Lot 12 204th Pl SE

Covington, WA

5 beds | 3 baths | 2,678 sq.ft.

$949,995

Airbnb cash on cash: 0.08%

Traditional cash on cash: N/A

Airbnb Rental Income: $2812

Traditional Rental Income: $0

Airbnb ROI: 0.08%

Traditional ROI: N/A

18007 SE 250th Pl #1

Covington, WA

4 beds | 3 baths | 2,697 sq.ft.

$899,950

Airbnb cash on cash: 0.63%

Traditional cash on cash: 2.24%

Airbnb Rental Income: $3067

Traditional Rental Income: $3711

Airbnb ROI: 0.63%

Traditional ROI: 2.24%

18413 SE 242nd Ct

Covington, WA

3 beds | 2 baths | 2,222 sq.ft.

$695,000

Airbnb cash on cash: -0.16%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $1802

Traditional Rental Income: $2841

Airbnb ROI: -0.16%

Traditional ROI: 2.2%

25517 Lot 3 204th Pl SE

Covington, WA

6 beds | 4 baths | 3,367 sq.ft.

$1,199,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $2812

Traditional Rental Income: $4989

Airbnb ROI: -0.34%