72194 Formosa Dr

4,828 Sq. Ft.
$155 / Sq. Ft.
4,828
Sq. Ft.
$155
per Sq. Ft.

Description

Fantastic 4-plex (two duplexes) near the heart of Downtown Covington! Three units leased with long-term tenants, and fourth unit vacant and available to show. House hack and owner occupy with an FHA loan and as little as 3.5% down! Or purchase with traditional investment financing and lease out the vacant unit. One duplex (Units 72194/72198) was built in 2020 with one side currently rented and the other vacant for showing. The other duplex (Units 72204/72206) was built in 2023 and is fully leased....Fantastic 4-plex (two duplexes) near the heart of Downtown Covington! Three units leased with long-term tenants, and fourth unit vacant and available to show. House hack and owner occupy with an FHA loan and as little as 3.5% down! Or purchase with traditional investment financing and lease out the vacant unit. One duplex (Units 72194/72198) was built in 2020 with one side currently rented and the other vacant for showing. The other duplex (Units 72204/72206) was built in 2023 and is fully leased. Both duplexes have the same floor plans and are 1207 sqft per unit with 3 bedrooms and 2 bathrooms. The duplexes have stained concrete floors for easy maintenance, and an open floor plan main living area, with large closets throughout. Flood Zone C (flood insurance not required)! The back porches on all units overlook the Tammany Trace and provide privacy from each other with partial fencing. Great location as it just 5 minutes to downtown Abita Springs or 5 minutes to downtown Covington. Each unit is furnished with electric stove, microwave, dishwasher, washer/dryer hookups, ceiling fans and blinds. Concrete parking pad for up to 8 vehicles. Private, corner lot with no through traffic. Tenants pay all utilities and maintain their respective lawns. A must see!
  1. Listed by Ashley Callahan • 1 Percent Lists Gulf South
    P: (985)-705-5160 C: (985)-705-5160 ashley@1PercentLists.com

Property Details for 72194 Formosa Drive

Architectural Style
Traditional Style
Subdivision Name
Not a Subdivision
LISTING UPDATED: 05/12/2025 03:50 PM

Property Details for 72194 Formosa Drive

StatusClosed
MLS #2494170
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMULTI FAMILY FOR SALE / Townhouse
Year Built2020
Lot Size0.85 AC / 37,143 SF
CountySt. Tammany Parish

Location

Listing Courtesy of 1 Percent Lists Gulf South

Sold By RE/MAX Select

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Building Information for 72194 Formosa Drive

Stories1Residences4Year Built2020Building Size-Lot Size0.85 AC / 37,143 SF

Payment Calculator

$4,473 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,767

Property Taxes

$706

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 72194 Formosa Drive

Summary
Location and General Information
  • Directions: Bounding Streets: Hwy 36
  • Latitude: 30.48
  • Longitude: -90.08
  • MLS Area Minor: ST. TAMMANY
  • Year Built: 2,020
  • In City Limits: No
Parking
  • Parking Features: 3 Car, Off Street, Parking Lot
Taxes and HOA
  • Tax Legal Description: LOT 16 AZALEA PARK CB 479 368 CB 1375 147 CB 1432 885 INST NO 1728675 INST NO 2192086
Virtual Tour
Property
Lot Information
  • Building Area Total: 4828.0
  • Living Area Source: Plans
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.8527
  • Lot Size Dimensions: 30 x 213 x 159 x 196
Property and Assessments
  • Home Warranty: No
  • Parcel Number: 128960
  • Property Type: MULTI FAMILY FOR SALE
  • Overall Condition: Excellent
Green Features
  • Green Energy Efficient: Insulation, Lighting, Windows
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • GS Utilities Gas: None
  • EL Utilities Elec: CLECO
  • Individual Meters: 1
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Fencing: Other
  • Foundation Details: Slab: Traditional
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Stories: 1
Interior Features
  • Bathrooms Full: 8
  • Bathrooms Partial: 0
  • Bedrooms Total: 12
  • Cooling: Central Air
  • Entry Level: 1
  • Heating: Central
  • Bathrooms Total Integer: 8
  • Laundry Features Desc: in unit
Room Information
Room 1
  • Room Dimensions: 13 x 10
  • Room Level: Lower
  • Room Type: Living Room
Room 2
  • Room Dimensions: 12.5 x 10
  • Room Level: Lower
  • Room Type: Dining Room
Room 3
  • Room Dimensions: 10 x 6
  • Room Level: Lower
  • Room Type: Kitchen
Room 4
  • Room Dimensions: 11.5 x 11
  • Room Level: Lower
  • Room Type: Bedroom
Room 5
  • Room Dimensions: 10 x 9.5
  • Room Level: Lower
  • Room Type: Bedroom
Room 6
  • Room Dimensions: 9.5 x 9
  • Room Level: Lower
  • Room Type: Bedroom
Multi Family
Multi Family Information
  • Number Of Units Total: 4
Rental
Rent Information
  • Tenant Pays: Electricity, Water
  • Total Actual Rent: 6150

Property History for 72194 Formosa Drive

DateEvent & SourcePriceAppreciation
May 12, 2025

Sold (Public Record)

Public Record #1910809613

—
May 12, 2025

Sold

ROAM MLS #NO2494170

—
Apr 10, 2025

Contract Signed

ROAM MLS #NO2494170

—
DateEvent & SourcePrice
05/12/2025

Sold (Public Record)

Public Record #1910809613

—
05/12/2025

Sold

ROAM MLS #NO2494170

—
04/10/2025

Contract Signed

ROAM MLS #NO2494170

—

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

Public Records for 72194 Formosa Drive

Taxable ValueLand$4,000Additions$64,086Total$68,086
Tax Record2025$8,469 ($706 / month)
Home Facts
Beds0Total Finished SqFt2,610 SqFtAbove Grade Finished SqFt2,610 SqFtStyleSingle Family ResidenceYear Built2020CountySAINT TAMMANYAPN128960

Schools near 72194 Formosa Drive

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

Pine View Middle School
Public4 to 6

William Pitcher Junior High School
Public7 to 8

Covington 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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Listing Courtesy of 1 Percent Lists Gulf South

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.