$748,000
SOLD MAY 12, 2025
Last list price

72194 Formosa Dr Covington, LA 70433

12 Beds
8 Baths
4,828 Sq Ft
0.85 Acres

Recently Sold

$155 Per Sq Ft

43 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Energy-Efficient Windows
  • Corner Lot
  • Central Heating and Cooling System
  • Property is in excellent condition

About This Home

As of May 2025

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!!

Last Agent to Sell the Property

ASHLEY CALLAHAN

1 Percent Lists Gulf South License #995688524 Listed on: 03/30/2025

Last Buyer's Agent

Gayle Macomber

RE/MAX Select License #000025577

RE/MAX Select

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,845

Year Built

  • Built in 2020

Lot Details

  • 0.85 Acre Lot
  • Lot Dimensions are 30 x 213 x 159 x 196
  • Fenced
  • Corner Lot
  • Irregular Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,828 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Lighting
  • Energy-Efficient Insulation

Additional Features

  • Porch
  • Outside City Limits
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Not A Subdivision

Listing and Financial Details

  • Tenant pays for electricity, water
  • Assessor Parcel Number 128960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,845

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.8527
  • Lot Size: 30 x 213 x 159 x 196
  • Subdivision Name: Not a Subdivision
  • Architectural Style: Traditional
  • Entry Level: 1
  • Unit Levels: One
  • Efficiency: Insulation, Lighting, Windows
  • Building Stories: 1
  • Year Built Details: 72204 & 72206 built in 2023, 72194 & 72198 built in 2020.
  • Year Built: 2020
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1
  • Year Built: 2020

Interior Features

  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 4828.0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Corner Lot, Irregular Lot, Outside City Limits
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Fence, Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Porch
  • Property Condition: Excellent
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 128960
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2025
Closed on
May 12, 2025
Sold by
Smb Construction Llc
Bought by
Cb Sharp Properties Llc
Seller's Agent
ASHLEY CALLAHAN
1 Percent Lists Gulf South
Buyer's Agent
Gayle Macomber
RE/MAX Select
List Price
$748,000
Sold Price
$730,000
Premium/Discount to List
-$18,000
-2.41%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.93%
Original Mortgage
$547,500
Outstanding Balance
$547,016
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$172,370

Purchase Details

Listed on
Jun 24, 2019
Closed on
Jan 24, 2020
Sold by
Beulah Enterprises Llc
Bought by
Smb Construction Llc
Seller's Agent
Sally Ansel
Ansel & Allen Real Estate,LLC
Buyer's Agent
ROB DAVIS
The W Group Real Estate LLC
List Price
$49,900
Sold Price
$36,500
Premium/Discount to List
-$13,400
-26.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.99%
Original Mortgage
$276,800
Interest Rate
3.74%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $730,000 Crescent Title
Cash Sale Deed $36,500 Winters Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $547,500 New Conventional
Previous Owner $276,800 Credit Line Revolving
Previous Owner $276,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 For Rent $1,600 0.0% --
05/12/2025 05/12/25 Sold -- -- --
03/30/2025 03/30/25 For Sale $748,000 0.0% $155 / Sq Ft
11/04/2020 11/04/20 For Rent $1,250 0.0% --
11/04/2020 11/04/20 Rented $1,250 0.0% --
01/24/2020 01/24/20 Sold -- -- --
12/25/2019 12/25/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $49,900 -- $41 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,845 $68,086 $4,000 $64,086
2023 $8,845 $31,258 $4,000 $27,258
2022 $403,010 $31,258 $4,000 $27,258
2021 $4,050 $31,258 $4,000 $27,258
2020 $511 $4,000 $4,000 $0
2019 $232 $1,760 $1,760 $0
2018 $236 $1,760 $1,760 $0
2017 $238 $1,760 $1,760 $0
2016 $239 $1,760 $1,760 $0
2015 $236 $1,700 $1,700 $0
2014 $235 $1,700 $1,700 $0
2013 -- $1,700 $1,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Gayle Macomber

    Seller's Agent in 2025

    Gayle Macomber

    RE/MAX

    (985) 290-2573

    127 Total Sales

    Gayle Macomber
    Section Image
  • ASHLEY CALLAHAN

    Seller's Agent in 2025

    ASHLEY CALLAHAN

    1 Percent Lists Gulf South

    (985) 705-5160

    334 Total Sales

    ASHLEY CALLAHAN
    Section Image
  • ROB DAVIS

    Seller's Agent in 2020

    ROB DAVIS

    The W Group Real Estate LLC

    (985) 789-7333

    53 Total Sales

    ROB DAVIS
    Section Image

  • S

    Seller's Agent in 2020

    Sally Ansel

    Ansel & Allen Real Estate,LLC

    (985) 893-6688

    31 Total Sales

    Sally Ansel
    Section Image

  • c

    Buyer's Agent in 2020

    corrie ciufi

    South Central Realty, LLC

    15 Total Sales

    corrie ciufi
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2494170

APN: 128960

Louisiana St Tammany Parish Covington 70433

72194 Formosa Dr, Covington, LA

This home is located at 72194 Formosa Dr, Covington, LA 70433 and is currently estimated at $748,000, approximately $154 per square foot. This property was built in 2020. 72194 Formosa Dr is a home located in St. Tammany Parish with nearby schools including E. E. Lyon Elementary School, Pine View Middle School, and William Pitcher Junior High School.

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