7 days on Rocket
$10,000 Closing Credit¹
#2498838, Jennifer Rice, Listing Office: Berkshire Hathaway HomeServices Preferred, REALTOR
$1,150,000 List price
506 E Rutland St Covington, LA 70433
$10,000
Closing credit¹
4 beds
1 full, 2 partial
3,159 sqft
0.1 acres
$364 / sqft
House
Property details
About 506 E Rutland St
Nestled just one block off Boston and near the cultural hub of Old Covington, this well maintained historic building presents a rare opportunity for a seamless live-work-play lifestyle or it could be a prime investment opportunity on a corner in one of the area's most desirable corridors. This character filled building is within walking distance to Del Porto Restaurant, the Southern Hotel and all the cool spots downtown including the Tammany Trace at the Covington trailhead. Boasting timeless appeal, the property features hardwood floors, soaring ceilings, classic fireplaces, and all the charm you’d expect from an older home. The ground floor currently hosts a thriving business, while the upper level offers beautiful living quarters—ideal for those seeking to have it all in one place. The downstairs offers a foyer/reception area, 3 large private offices, an oversized conference room, 2 large office spaces plus 2 bathrooms and a kitchen or it could be converted for strictly residential use. The upstairs is an elegant residence with a spacious living room featuring an original brick chimney, bedroom area, kitchen featuring slab granite and shiplap plus a full bath with custom tile work and beautiful vanity. There is also a large walk-in attic for storage. In addition to all of this there is an abundance of porches and decks for outdoor space. This property comes with ample street parking and for overflow there is easy access to the nearby two oxlots. As an investment opportunity the property could generate immediate income with a fully operational commercial space on the first floor and a private, character-filled residence on the second, which would make a great short term rental property. With its prime location and flexible layout, this property is a rare find. 2024 roof. AC systems are 1 to 3 years old. Shown by appointment only. Take a look at the video walk through: https://go.nolaremarketing.com/506EastRutlandMLS
Highlights
Home typeSingle Family Residence
HeatingMulti Unit(s)
StatusActive
CoolingMulti Unit(s)
Size3,159 sqft
Lot size0.1477 Acres
Year built1863
MLS #2492540
FireplaceOther, Wood Burning
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 1
- Interior: Attic, Ceiling Fan(s), Granite Counters
- Fireplace: Other, Wood Burning
- Total Bedroom Count: 4
- Parking: None
- Exterior: Porch
- Architectural Style: French Provincial
- Heating: Multi Unit(s)
- Cooling: Multi Unit(s)
- List Price: $1,150,000
- Price/SqFt: $364
- Annual Tax Amount: $5,931
- Tax Year: 2023
- Lot: City Lot, Rectangular Lot
- Directions: Hwy 190 W to E Boston to N Vermont to E Rutland
- Year Built: 1863
- Stories: 2
- Living Area: 3,159 SqFt
- Lot Size: 0.1477 Acres
- MLS Number: 2492540
- MLS Name: NOMAR
- Office Name: LATTER & BLUM (LATT15)
- Office Phone: (985) 626-5695
- Office Email: priscilla.morse@compass.com
- Listing Agent: Tammy Whitehead
- Agent Phone: (985) 502-1459
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Last updated on: 5/6/2025, 7:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,150,000
506 E Rutland St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 30, 2014 | Home Sold | $345,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $50,116 | $5,931 |
| 2022 | $50,116 | $5,931 |
| 2021 | $50,116 | $5,931 |
| 2020 | $50,116 | $5,922 |
| 2019 | $46,396 | $5,939 |
| 2018 | $46,396 | $5,724 |
| 2017 | $46,396 | $5,788 |
History based on county public records data.
Nearby schools
7
Covington Elementary School
Public District PK-3
0.6 mi
•325 S Jackson St
5
Pine View Middle School
Public District 4-6
1.0 mi
•1200 W 27th Ave
6
E.E. Lyon Elementary School
Public District PK-3
1.3 mi
•1615 N Florida St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $110,795. Most Covington, LA residents have annual incomes between $100k-200k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
14%
<35k
31%
35k-100k
46%
100k-200k
9%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
53%
Single, No Kids
6%
Single, with Kids
28%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
6%
12-17 yrs old
19%
18-34 yrs old
46%
35-64 yrs old
19%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Soccer
PGA/LPGA
Where do the neighbors shop?
Dick's Sporting Goods
Old Navy
Stein Mart
Where do the neighbors go to eat?
Arbys
Jimmy Johns
Bob Evans
What do the neighbors drive?
GMC
Lincoln
Lexus
What do the neighbors listen to?
Adult Hits
New Country
News/Talk/Information
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Covington, LA
Covington's transportation infrastructure includes a network of roads and highways that connect residents to nearby cities and amenities. Public transportation options are available, with details on schedules to be confirmed from local sources. The city is also accommodating to pedestrians in certain areas, with ongoing efforts to improve walkability and bikeability. Ride-sharing services are operational in the area, providing additional transportation options for residents.
The community is served by a number of public schools, private educational institutions, and specialized programs, providing residents with a range of options for education. Healthcare services are available through local clinics and a regional hospital, equipped to handle a variety of medical needs. Retail and dining options are plentiful, offering both local cuisine and international flavors, and the public library system supports the community's educational and informational needs.
Covington is celebrated for its rich cultural heritage and community spirit. The city prides itself on its historic downtown area, which hosts various local events and festivals throughout the year, reflecting the area's strong sense of identity and tradition.
Covington features a diverse array of housing options, with single-family homes being a significant part of the housing market. Architectural styles range from traditional Southern to contemporary, with a mix of historic homes and newer constructions. The housing market is dynamic, with a homeownership rate that reflects a stable community, though specific percentages are subject to change and should be verified with current data.
About 506 E Rutland St
The listing price of 506 E Rutland St property is $1,150,000.
The property 506 E Rutland St is a house located in Covington, Louisiana, 70433.
Active Listing: 506 E Rutland St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 506 E Rutland St are: Covington Elementary School (GreatSchools Rating 7/10), Pine View Middle School (GreatSchools Rating 5/10), E.E. Lyon Elementary School (GreatSchools Rating 6/10), Pitcher Junior High School (GreatSchools Rating 4/10), Madisonville Junior High School (GreatSchools Rating 6/10), Fontainebleau Junior High School (GreatSchools Rating 5/10), Covington High School (GreatSchools Rating 5/10), Fontainebleau High School (GreatSchools Rating 7/10), Mandeville High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2023 is $5,931 (source: MLS/based on county public records data).
The last sale was on April 30, 2014 for $345,000 (source: MLS/tax record).
The property at 506 E Rutland St has 4 bedrooms and 1 full and 2 half bathrooms.
The property 506 E Rutland St is 3,159 SqFt (source: MLS/tax record).
The year of construction for 506 E Rutland St is 1863.
This home is located at 506 E Rutland St in Covington, LA and zip code 70433. This 3,159 square foot home, which was built in 1863, sits on a 0.15 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $1,150,000.
In April 2025, from all listings sold in Covington, LA there were more than 7 sold above asking price, over 33 sold below and more than 22 were sold right at the asked price. In April 2025 in Covington, LA there were 12.2% more homes for sale than in March. In April 2025, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $319,958.
From Rocket Homes Real Estate and based on county public records data.