Multi Family Investment Properties for Sale in Covington, LA
238- 4 Bed
- 4 Bath
- 2370 sft
948- 4 Bed
- 4 Bath
- 2200 sft
543- 4 Bed
- 2 Bath
- 2031 sft
499- 4 Bed
- 2 Bath
- 2031 sft
Why Invest in Covington, Louisiana?
Covington, LA offers strong potential for multi-family investments with steady rental demand from growing local workforce. Average rents support solid cash flow while appreciation remains positive amid stable home values around $310K. Cap rates hover attractively for multi-unit properties in this suburban market near New Orleans. Renter occupancy exceeds 40%, bolstered by migration inflows and low vacancy trends. Investors benefit from Louisiana's favorable tax structure and infrastructure growth.
Frequently Asked Questions
Covington offers stable appreciation around 0.7% and solid rental yields near 6% driven by migration and job growth. Multi-family properties benefit from high renter occupancy and proximity to New Orleans employment hubs. Low vacancy rates ensure consistent cash flow for investors.
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