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    Covington, TN
    Residential Income

    Covington, TN Residential Income Properties for Sale

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    Brighton, TN Mason, TN Henning, TN Ripley, TN Burlison, TN Atoka, TN Stanton, TN Buchanan, TN
    Prime Land Across From Walmart
    Updated: Apr 14
    Prime Land Across From Walmart

    1602 HWY 51 S, Covington, TN 38019

    $3,500,000
    Prime land location.
    Located across from Walmart.
    Positioned at a traffic light.
    Ideal for restaurant or business development.
    Land size of 1.41 acres.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Rental Duplex Investment
    Two-Rental Duplex Investment

    604-610 E JOHNSON, Osceola, AR 72370

    $170,000
    1,680 sqft 0.17 AC lot

    Two fully-rented duplexes with two units each offer four total residential units, with tenants paying all utilities.

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    Four-Unit Apartment Building
    Four-Unit Apartment Building

    132 STARDUST Dr, Ripley, TN 38063

    $165,000
    1,884 sqft

    As-is four-unit apartment building with identical 1-bed, 1-bath layouts and recent renovations.

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    Fully Occupied Two-Unit Duplex
    Fully Occupied Two-Unit Duplex

    319 WAYNE Ave, Ripley, TN 38063

    $75,000
    1,056 sqft

    Two-unit duplex with both units featuring 1 BR, 1 BA, kitchen, living, and laundry, fully occupied.

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    Individually Metered Quadplex
    Individually Metered Quadplex

    507-513 WASHINGTON STREET, Osceola, AR 72370

    $85,000
    1,052 sqft 0.14 AC lot

    Each residence offers a one-bedroom, one-bath layout with separate metering.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    5 Acres Land in Brighton
    5 Acres Land in Brighton

    FAYNE Rd, Brighton, TN 38011

    $100,000
    5.00 AC lot

    5-acre residential land with trees, ideal for building a home.

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    16 Acres on Hwy 59
    16 Acres on Hwy 59

    Burlison, TN 38015

    $180,000
    16.00 AC lot

    16 acres in Tipton County, touches Hwy 59.

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    Unimproved Land Near Blue Oval
    Unimproved Land Near Blue Oval

    Keeling Road, Stanton, TN 38069

    $199,000
    5.92 AC lot

    5.92 acres of land near Blue Oval City.

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    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    TRact #1 Hwy 79 N, Buchanan, TN 38222

    $499,900
    9.70 AC lot

    Lake-area acreage with public water and approximately 336 feet of frontage on Hwy 79 N.

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    Off-Market Properties in Covington, TN

    Consider similar Off-Market properties in Covington, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1260 Old Brighton Rd
    MOBILE HOME PARK, TRAILER PARK

    1260 Old Brighton Rd, Covington, TN 38019

    $305,000
    Estimated value
    7.33 AC lot
    View details

    Covington, TN Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Covington, TN on our real estate platform.

    Sale prices for residential income properties in Covington, TN average $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Single family properties 1

    Demographics Overview

    Population 16K
    Population Growth (5Y) -1.5%
    Median Household Income $59,957
    College Educated 20.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38019 $225K

    Taxes & Financing

    Tax Rate (average for all types) 2.97%
    Property Tax per SF $59.62 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Tipton County

    New Delisted

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