70046 4TH Street, Covington, LA 70433
$2,260,000
Property Type:
Comm Bldg Sale/Lease
Square Footage:
19,468
Lot Size (sq. ft.):
70,567
Status:
Active
Current Price:
$2,260,000
List Date:
3/20/2026
Last Modified:
4/23/2026
Listing Details MLS# NO2548681
Listing Info
- For Sale
- Yes
- Delayed Marketing
- No
- Listing Price
- 2260000
- List Price/SqFt
- 116.09
- Document Modified
- 2026-04-23 18:21:30.211430
- Modification Timestamp
- 2026-04-23T23:21:44Z
- Photo Modified
- 2026-03-20T14:35:16Z
Location Tax Legal Info
- Street Number
- 70046
- Street Name
- 4TH Street
- Parish
- St. Tammany
- State
- LA
- Zip Code
- 70433
- Subdivision
- Tammany Hills
- Tax Assessment Number
- 1071407894
- Zone
- RES
- Directions
- Bounding Streets: Madison St & 4th Street
General Property Description
- Lot Dimensions
- 70834
- Acres
- 1.62
- SqFt - Total
- 19468
- SqFt - Source
- Measured
- Stories
- Yes
- Acreage Range
- 1 - 2.99
Originating Details
- Originating System ID
- ROAMM
- Originating System Key
- 57453895
- Originating System Listing ID
- 2548681
- Originating System Name
- ROAM Matrix
Sale/Lease Info
- Lease Purchase
- No
Remarks & Misc
- Remarks
- 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.
More Information
Office/Member/Contract Info
- List AOR
- NOMAR
Property Type
- Retail
- Yes
Construction
- Brick
- Yes
- Stucco
- Yes
- Other
- Yes
Property Features
Property Type:
Retail
Construction:
Brick; Stucco; Other
Documents
Brochure ›
IDX
Listing Office:
SRSA Residential, Inc.
Last Updated: April - 23 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.