USALACovingtonTammany Hills70046 4Th St
Listing image | Image 1
Link Copied

70046 4Th St, Covington, LA

House

For Sale

Listed price in listed location currency (USD).
$2,260,000

000

MLS® 2548681

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 16118 sqft
Garage 
Taxes 
Days Active 47
Lot Size 
Approx. Age 2003
Avg. Price Per Sqft $140
MLS® Number 2548681

Property Address: 70046 4th St, Covington, LA, 70433-8401

Average square foot calculated using Size range provided by listing agent.

Description

Offered at $2, 260, 000, this 11-property single-family rental portfolio is a stabilized income investment in Covington, Louisiana, one of the most sought-after residential markets on the Northshore of Lake Pontchartrain. All 11 homes are 3 bedroom, 2 bathroom properties ranging from 1, 330 to 1, 554 square feet and were built between 2003 and 2016. All 11 properties are located within the same neighborhood, offering an investor operational efficiency PLUS a proven rental track record. Over the last two years, the portfolio generated an NOI of approximately $150, 000 to $160, 000. It is priced at a 7% cap rate based on the 2025 NOI with gross rents totaling $230, 000+. Tenants are long-term and stable, keeping vacancy and turnover costs low and providing reliable cash flow from acquisition. Individual property values are estimated between $210, 000 and $240, 000. Located in St. Tammany Parish, the portfolio sits within one of Louisiana's strongest demographic and economic submarkets, a market with a 2024 population over 278, 000, median household income of nearly $80, 000, and consistent annual growth across population, households, and income. Covington serves as the parish's corporate hub, home to Fortune 500 companies and anchored by major healthcare employers including St. Tammany Parish Hospital and Ochsner Medical Center. With top-rated public and private schools, low crime, and easy access to New Orleans via the Causeway, the Northshore consistently attracts quality, long-term residents, making it a highly reliable rental market for this portfolio's continued performance.
MLS® Number2548681
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2003
Basement
DrivewayOff Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 20, 2026List Date
$2,260,000List Price
  • Commute

Commute

Starting Address
Destination Address
70046 4Th St, Covington, LA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESSeXp RevenoseXp CommercialeXp LuxuryeXp Land and Ranch
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesHelpSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

© 2024 eXp Realty. eXp World Holdings, Inc. All Rights Reserved.

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards – Designated Managing Broker, Broker Operations – TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations. The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H. Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny – Designated Broker

eXp Realty of Southern California, Inc. | CA DRE# 02187306 | Gina Saad – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01828532 | Justin DeCesare – Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas – Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved