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!!
Closed
Price Unknown
72194 Formosa Dr, Covington, LA 70435
12beds
4,828sqft
Quadruplex, Multi Family, Multi Family
Built in 2020
-- sqft lot
$775,100 Zestimate®
$--/sqft
$1,938 Estimated rent
Home value
$775,100
$674,000 - $884,000
$1,938/mo
Zestimate® history
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List your homeWhat's special
Open floor planCorner lotLarge closetsCeiling fans
Zillow last checked:
Listing updated:
Listed by:
Ashley Callahan 985-705-5160,
1 Percent Lists Gulf South
Bought with:
Gayle Macomber
RE/MAX Select
Source: GSREIN,MLS#: 2494170
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
- Full bathrooms: 8
Primary bedroom
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 11.5 x 11
Bedroom
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 10 x 9.5
Bedroom
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 9.5 x 9
Dining room
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 12.5 x 10
Kitchen
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 10 x 6
Living room
- Description: Flooring: Concrete,Painted/Stained
- Level: Lower
- Dimensions: 13 x 10
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: In Unit
Interior area
- Total interior livable area: 4,828 sqft
Property
Parking
- Parking features: Off Street, Parking Lot, Three or more Spaces
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch
- Exterior features: Fence, Porch
- Pool features: None
Lot
- Size: 0.85 Acres
- Dimensions: 30 x 213 x 159 x 196
- Features: Corner Lot, Irregular Lot, Outside City Limits
Details
- Parcel number: 128960
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Shingle
Condition
- Excellent
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Insulation, Lighting, Windows
Community & neighborhood
Location
- Region: Covington
- Subdivision: Not a Subdivision
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2025 | Sold | -- |
Source:  GSREIN #2494170 Report a problem | ||
| 4/11/2025 | Contingent | $748,000$155/sqft |
Source: GSREIN #2494170 Report a problem | ||
| 3/31/2025 | Listed for sale | $748,000-11.9%$155/sqft |
Source: GSREIN #2494170 Report a problem | ||
| 12/24/2023 | Listing removed | -- |
Source: GSREIN #2410623 Report a problem | ||
| 9/26/2023 | Price change | $849,000-3%$176/sqft |
Source: GSREIN #2410623 Report a problem | ||
| 9/7/2023 | Listed for sale | $875,000$181/sqft |
Source: GSREIN #2410623 Report a problem | ||
| 1/24/2020 | Sold | -- |
Source: GSREIN #2210909 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,469 -4.3% | $68,086 |
| 2024 | $8,845 +119.6% | $68,086 +117.8% |
| 2023 | $4,027 -0.1% | $31,258 |
| 2022 | $4,030 -0.5% | $31,258 |
| 2021 | $4,050 +693.3% | $31,258 +681.4% |
| 2020 | $511 +120% | $4,000 +127.3% |
| 2019 | $232 -1.7% | $1,760 |
| 2018 | $236 -0.7% | $1,760 |
| 2017 | $238 -0.4% | $1,760 |
| 2016 | $239 | $1,760 +3.5% |
| 2015 | $239 +1.3% | $1,700 |
| 2014 | $236 +0.5% | $1,700 |
| 2013 | $235 | $1,700 |
Find assessor info on the county website
Neighborhood: 70435
Nearby schools
GreatSchools rating
- 6/10E. E. Lyon Elementary SchoolGrades: PK-3Distance: 1.6 mi
- 4/10William Pitcher Junior High SchoolGrades: 7-8Distance: 1.7 mi
- 5/10Covington High SchoolGrades: 9-12Distance: 3.5 mi
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Estimated market value
$775,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$775,100
- Louisiana
- Saint Tammany Parish
- Covington
- 70435
- 72194 Formosa Dr
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