Local realty services provided by:ERA Sarver Real Estate
Listed by: tammy whitehead
Office: compass mandeville (latt15)
MLS#:2532897
Source:LA_GSREIN
Price summary
- Price:$995,000
- Price per sq. ft.:$269.94
About this home
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
Contact an agent
Home facts
- Year built:1863
- Listing ID #:2532897
- Added:69 day(s) ago
- Updated:February 09, 2026 at 05:41 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:1
- Half bathrooms:2
- Living area:3,159 sq. ft.
Heating and cooling
- Cooling:3+ Units
- Heating:Heating, Multiple Heating Units
Structure and exterior
- Roof:Shingle
- Year built:1863
- Building area:3,159 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$995,000
- Price per sq. ft.:$269.94
New listings near 506 E Rutland Street
- New
$269,000Active3 beds 2 baths1,473 sq. ft.560 Piney Plains Ln, Covington, LA 70435
MLS# 2541978Listed by: COMPASS COVINGTON (LATT27) - New
$175,000Active3 beds 2 baths1,758 sq. ft.24 Hickory Drive, Covington, LA 70433
MLS# 2542107Listed by: SMITH & CORE, INC. - Open Wed, 12 to 2pmNew
$725,000Active3 beds 3 baths2,474 sq. ft.749 S Corniche Du Lac Street, Covington, LA 70433
MLS# 2542147Listed by: CRESCENT SOTHEBY'S INTL REALTY - New
$985,000Active5 beds 4 baths3,295 sq. ft.5057 Twin River Place, Covington, LA 70433
MLS# 2542263Listed by: FALAYA - New
$230,000Active3 beds 2 baths1,368 sq. ft.70323 10th Street, Covington, LA 70433
MLS# 2541580Listed by: KELLER WILLIAMS REALTY SERVICES - New
$375,000Active3 beds 2 baths1,667 sq. ft.317 W 24th Avenue, Covington, LA 70433
MLS# 2541953Listed by: COLDWELL BANKER TEC - New
$899,900Active0.97 AcresHwy 190 Service Road, Covington, LA 70433
MLS# 2542160Listed by: NOLA LIVING REALTY - New
$159,900Active2 beds 2 baths1,200 sq. ft.350 Emerald Forest Boulevard #27107, Covington, LA 70433
MLS# 2542106Listed by: COMPASS SLIDELL (LATT14) - New
$120,000Active2 beds 2 baths1,000 sq. ft.350 Emerald Forest Boulevard #4103, Covington, LA 70433
MLS# 2542114Listed by: COMPASS SLIDELL (LATT14)
$1,750,000Active5 beds 5 baths4,000 sq. ft.66 Thunderbird Drive, Covington, LA 70433
MLS# 2431056Listed by: KELLER WILLIAMS REALTY SERVICES