70046 4th Street, Covington, LA 70433

Covington
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
70046 4th Street,Covington, LA 70433
$2,260,000
  • - Beds
  • - Baths
  • 16,118 sq. ft.
  • Multi-family
  • Active
Listed by: nick kallman
Office: srsa residential, inc.
MLS#:NO2548680
Source:LA_RAAMLS

Price summary

  • Price:$2,260,000
  • Price per sq. ft.:$140.22

About this home

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...

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Home facts

  • Listing ID #:NO2548680
  • Added:9 day(s) ago
  • Updated:March 29, 2026 at 03:10 PM

Rooms and interior

  • Living area:16,118 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central Heat
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Building area:16,118 sq. ft.
  • Lot area:1.62 Acres
  • Construction Materials:Brick, Stucco
  • Exterior Features:Porch
  • Foundation Description:Slab
  • Levels:1 Story

Finances and disclosures

  • Price:$2,260,000
  • Price per sq. ft.:$140.22

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