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    Covington, WA
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    Covington, WA Residential Land & Home Lots for Sale

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    Kent, WA Maple Valley, WA Renton, WA Auburn, WA Black Diamond, WA Ravensdale, WA Issaquah, WA Federal Way, WA
    Covington Vacant Lot Opportunity
    Updated: May 13, 2025
    Covington Vacant Lot Opportunity

    Covington, WA 98042

    $375,000
    0.58 AC lot
    Rare vacant lot in Covington with Mixed Housing and Office (MHO) zoning, allowing for diverse development options.
    Large 25,262 sq. ft. cleared and level land, ready for construction.
    All utilities (sewer, city water, etc.) are available in the street, simplifying the development process.
    Located near Covington Town Center, upcoming Founders Park, and the future Covington Aquatic Center.
    Development potential includes multi‑family, single‑family homes, duplexes, cottage housing, and professional spaces.
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Corner Lot Residential Land
    Corner Lot Residential Land

    17400 Southeast 298th Street, Kent, WA 98042

    $375,000
    5.00 AC lot

    Privately set corner lot with public water, power, natural gas, and fiber available at the street for custom home plans.

    View details
    Maple Valley Secluded Acreage
    Maple Valley Secluded Acreage

    22 XXX 212th Ave SE, Maple Valley, WA 98038

    Contact for pricing
    4.93 AC lot

    Nearly 5 acres in a quiet, secluded Maple Valley neighborhood.

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    Land
    Land

    14707 Se 272nd St, Kent, WA 98042

    $198,400

    Residential land & home lots

    View details
    Land
    Land

    22-xxx 212th Avenue Southeast, Maple Valley, WA 98038

    $349,900

    Residential land & home lots

    View details

    Covington, WA Residential Land & Home Lots Market Trends and Statistics

    Explore 1 residential land & home lots for sale in Covington, WA on our real estate platform. These investment opportunities span a total of 25,265 square feet of properties for sale, with an estimated market value of $375,000.

    Sale prices for home sites in Covington, WA average $375,000 — 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

    Commercial land 4
    Residential land & home lots 2
    Industrial land 1

    Demographics Overview

    Population 49K
    Population Growth (5Y) +1.4%
    Median Household Income $125,554
    College Educated 44.8%

    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
    Kent - 98042 $375K

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