USALACovingtonTammany Hills70046 4Th St
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70046 4 Th St, Covington, LA

Real Estate

For Sale

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

33220

MLS® 2548680

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 16118 sqft
Garage No
HOA Fees 
Taxes 
Days Active 1
Approx. Age 2003
Avg. Price Per Sqft $140
MLS® Number 2548680

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® Number2548680
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelIn Unit
Exposure
Exterior
GarageNo
Approx. Age2003
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

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 4 Th St, Covington, LA

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