70046 4th St

Covington, LA 70433

$2,260,000
Price
33
Beds
16,118 Sq. Ft.
$140 / Sq. Ft.
16,118
Sq. Ft.
$140
per Sq. Ft.
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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...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.
  1. Listed by Nick Kallman • SRSA Residential, Inc.
    P: (414)-870-3220 C: (414)-870-3220 nbkallman@srsa-realestate.com

Property Details for 70046 4th Street

Architectural Style
Traditional Style
Subdivision Name
Tammany Hills
LISTING UPDATED: 03/20/2026 01:18 PM

Property Details for 70046 4th Street

StatusActive
MLS #2548680
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMULTI FAMILY FOR SALE / Townhouse
Year Built2003
Lot Size1.63 AC / 70,828 SF
CountySt. Tammany Parish
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Location

Listing Courtesy of SRSA Residential, Inc.
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Building Information for 70046 4th Street

Stories1Residences11Year Built2003Building Size-Lot Size1.63 AC / 70,828 SF

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$11,145 per month

30 year fixed, 6.11% Interest

Principal and Interest

$10,968

Property Taxes

$177

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 70046 4th Street

Summary
Location and General Information
  • Directions: Bounding Streets: Madison St & 4th Street
  • Latitude: 30.45
  • Longitude: -90.06
  • MLS Area Minor: ST. TAMMANY
  • Year Built: 2,003
  • In City Limits: Yes
Parking
  • Parking Features: Off Street
Virtual Tour
Property
Lot Information
  • Building Area Total: 16118.0
  • Living Area Source: Measured
  • Lot Features: Rectangular Lot
  • Lot Size Acres: 1.626
  • Lot Size Dimensions: 70834 SF
Property and Assessments
  • Home Warranty: No
  • Parcel Number: 1071407894
  • Property Type: MULTI FAMILY FOR SALE
  • Overall Condition: Very Good
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • GS Utilities Gas: None
  • EL Utilities Elec: CLECO
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Other, Stucco
  • Fencing: Other
  • Foundation Details: Slab: Traditional
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Stories: 1
Interior Features
  • Bathrooms Full: 22
  • Bathrooms Partial: 0
  • Bedrooms Total: 33
  • Cooling: Central Air
  • Entry Level: 1
  • Heating: Central
  • Bathrooms Total Integer: 22
  • Laundry Features Desc: In Unit
Multi Family
Multi Family Information
  • Number Of Units Total: 11
Rental
Rent Information
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: 230759

Property History for 70046 4th Street

DateEvent & SourcePriceAppreciation
Mar 20, 2026

Listed (Active)

ROAM MLS #2548680

$2,260,000—
Jan 13, 2011

Sold (Public Record)

Public Record #1115414597

—
Jan 13, 2011

Sold

ROAM MLS #NO841879

—
Nov 6, 2010

Contract Signed

ROAM MLS #NO841879

—
Jul 10, 2010

Listed (Active)

ROAM MLS #NO841879

$162,000—
DateEvent & SourcePrice
03/20/2026

Listed (Active)

ROAM MLS #2548680

$2,260,000
01/13/2011

Sold (Public Record)

Public Record #1115414597

—
01/13/2011

Sold

ROAM MLS #NO841879

—
11/06/2010

Contract Signed

ROAM MLS #NO841879

—
07/10/2010

Listed (Active)

ROAM MLS #NO841879

$162,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 70046 4th Street

Taxable ValueLand$3,000Additions$14,861Total$17,861
Tax Record2025$2,125 ($177 / month)
Home Facts
Beds0Total Finished SqFt1,430 SqFtAbove Grade Finished SqFt1,430 SqFtStyleSingle Family ResidenceYear Built2006CountySAINT TAMMANYAPN31982

Schools near 70046 4th Street

This home is within St. Tammany Parish School District.
Rating
School
Type
Grades
Distance
E. E. Lyon Elementary School
Public - PK to 3
Pine View Middle School
Public - 4 to 6
Fontainebleau Junior High School
Public - 7 to 8
Fontainebleau High School
Public - 9 to 12
Rating
School
Distance
E. E. Lyon Elementary School
PublicPK to 3

Pine View Middle School
Public4 to 6

Fontainebleau Junior High School
Public7 to 8

Fontainebleau High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 70046 4th Street, Covington, LA 70433

70046 4th Street is a multi-family home for sale in Covington, LA 70433. This property was listed for sale on March 20, 2026 by SRSA Residential, Inc., it's currently listed at $2,260,000. It has been on the market for a total of 3 days and was last sold on January 13, 2011. This listing's school district is St. Tammany Parish School District. Nearby schools include E. E. Lyon Elementary School, Pine View Middle School and Fontainebleau Junior High School. 70046 4th Street is a 33-bed, 22-bath, 16,118 sqft multi-family home built in 2003.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SRSA Residential, Inc.

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.