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  • $320,000

    5181 Covington Hwy, Decatur, GA 30035

    3beds
    1,264sqft
    : 
    Single Family Residence, Residential
    Built in 1935
    2.6 Acres Lot
    $-- Zestimate®
    $253/sqft
    $-- HOA

    What's special

    Exceptional Multi-Property Investment Opportunity – Prime Assemblage on Covington Highway Seize a rare and highly versatile investment opportunity with this unique assemblage of three contiguous properties, collectively offering 4.62 acres of valuable real estate with approximately 40 feet of frontage along Covington Highway. This portfolio is ideally suited for a variety of development or renovation strategies, from enhancing the existing homes to constructing a small residential community. Its strategic location just minutes from Highway 285 ensures excellent connectivity and long-term value growth. Property Breakdown: Lot 1:A spacious 4-bedroom, 3-bathroom home encompassing 2,357 square feet of finished living space, plus an additional 391 square foot unfinished basement—perfect for customization or expansion. The home sits on a generously sized 0.66-acre lot, offering ample yard space and privacy. Lot 2:A charming 3-bedroom, 2-bathroom residence featuring 1,891 square feet of interior space, along with a 300 square foot unfinished basement. Set on a substantial 1.39-acre lot, this property offers both comfort and future development potential. Lot 3:A cozy 3-bedroom, 1-bathroom home offering 1,264 square feet of living area, situated on a sprawling 2.57-acre lot. Ideal for personal use, rental income, or as a candidate for redevelopment. Total Combined Acreage: 4.62 Acres With a flexible layout and diverse structures, this assemblage offers multiple paths for return on investment: Renovate and lease existing residences Develop a boutique housing enclave Subdivide and sell parcels individually Hold for long-term appreciation in a rapidly developing corridor Key Highlights: Prime location on Covington Highway Easy access to major thoroughfares, especially I-285 Approximately 40 feet of road frontage Flexible zoning potential (buyer to verify) Seller is open to offers on individual lots—see additional listings #10488862 and #10488863 for separate details. This is a compelling acquisition for investors, developers, or visionaries seeking a strategically located, multi-parcel property with excellent upside potential.
    279 days
    |
    75
    |
    3
    |

    Zillow last checked: 8 hours ago

    Listing updated: September 17, 2025 at 07:53am

    Listing Provided by:

    KIMBERLY D BRANCH,

    Keller Williams Realty Atl Partners,

    ERIC RENDER,

    Keller Williams Realty Atl Partners

    Source: FMLS GA,MLS#: 7549946MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 3
    Rooms
    • Room types: Family Room
    Primary bedroom
    • Features: None
    • Level: None
    Bedroom
    • Features: None
    Primary bathroom
    • Features: None
    Dining room
    • Features: None
    Kitchen
    • Features: Breakfast Room, Cabinets Other, Country Kitchen, Eat-in Kitchen
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Water Heater, Microwave
    • Laundry: Common Area
    Features
    • Entrance Foyer, High Speed Internet, Other
    • Flooring: Carpet, Ceramic Tile, Hardwood
    • Windows: None
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,264
    • Total interior livable area: 1,264 sqft
    • Finished area above ground: 1,264
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: Parking Pad
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: None
    • Exterior features: None, No Dock
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: Trees/Woods
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 2.6 Acres
    • Features: Back Yard, Wooded
    Details
    • Additional structures: None
    • Parcel number: 15 161 02 002
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow,Cottage
    • Property subtype: Single Family Residence, Residential
    Materials
    • Stone
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1935

    Utilities & green energy

    • Electric: 220 Volts
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Natural Gas Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: None
    • Security: None
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Decatur

    Financial & listing details

    • Price per square foot: $253/sqft
    • Tax assessed value: $147,400
    • Annual tax amount: $2,438
    • Date on market: 3/22/2025
    • Cumulative days on market: 280 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,692/mo

    Price history

    Price history
    DateEventPrice
    3/29/2025Listed for sale$320,000+156%$253/sqft
    Source: FMLS GA #7549946 Report a problem
    9/3/2002Sold$125,000$99/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024$2,999 +7.1%$58,960 +5.9%
    2023$2,799 +32.2%$55,680 +35.4%
    2022$2,118 +36.1%$41,120 +45.2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $1,906/mo
    Principal & interest
    $1546
    Property taxes
    $248
    Home insurance
    $112

      Climate risks

      Neighborhood: 30035

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Canby Lane
      • Middle: Mary McLeod Bethune
      • High: Towers

      Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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