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  • $320,000

    5181 Covington Hwy, Decatur, GA 30035

    3beds
    1,264sqft
    : 
    Single Family Residence
    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.
    363 days
    |
    109
    |
    4
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    Zillow last checked: 7 hours ago

    Listing updated: September 17, 2025 at 07:58am

    Listed by:

    Kimberly Branch 404-702-4486,

    Keller Williams Realty Atl. Partners,

    Eric C Render 678-489-1149,

    Keller Williams Realty Atl. Partners

    Source: GAMLS,MLS#: 10488862MLS 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, Foyer
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Water Heater, Microwave, Oven/Range (Combo)
      • Laundry: Common Area
      Features
      • Other
      • Flooring: Carpet, Hardwood, Tile
      • Basement: None
      • Has fireplace: No
      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

      Property

      Parking
      • Parking features: Parking Pad
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 2.6 Acres
      • Features: None
      Details
      • Parcel number: 15 161 02 002
      • Special conditions: As Is,No Disclosure

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow/Cottage
      • Property subtype: Single Family Residence
      Materials
      • Stone
      • 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, High Speed Internet, Natural Gas Available

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $253/sqft
      • Tax assessed value: $165,100
      • Annual tax amount: $2,438
      • Date on market: 3/29/2025
      • Cumulative days on market: 347 days
      • Listing agreement: Exclusive Agency
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Electric utility on property: Yes
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,657/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
        2025$3,314 +10.5%$66,040 +12%
        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%
        2021$1,556 +6.7%$28,320 +8.6%
        2020$1,458 +19.6%$26,080 +26.4%
        2019$1,219 +8.1%$20,640 +11.4%
        2018$1,128 -1.8%$18,520 +1.1%
        2017$1,149 +7.6%$18,320 +7.3%
        2016$1,068 $17,080 +30.2%
        2014$1,068 $13,120
        2013-- $13,120
        2012-- $13,120 -23%
        2011-- $17,040 -55.7%
        2010$1,854 $38,440
        2009$1,854 +1.7%$38,440
        2008$1,824 $38,440
        2007$1,824 $38,440
        2006$1,824 +3.6%$38,440
        2005$1,761 -2.4%$38,440
        2004$1,804 +5.1%$38,440
        2003$1,717 +537%$38,440 +22.3%
        2002$270 +779.6%$31,440
        2001$31 $31,440

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $1,842/mo
        Principal & interest
        $1581
        Property taxes
        $261
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          Climate risks

          Neighborhood: 30035

          Getting around

          29 / 100
          Car-Dependent
          36 / 100
          Some Transit

          Nearby schools

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

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

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