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  • $350,000

    5159 Covington Hwy, Decatur, GA 30035

    4beds
    2,748sqft
    : 
    Single Family Residence, Residential
    Built in 1964
    0.7 Acres Lot
    $347,300 Zestimate®
    $127/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.
    123 days
    on Zillow
    |
    73
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 10:55am

    Listing Provided by:

    KIMBERLY D BRANCH,

    Keller Williams Realty Atl Partners,

    ERIC RENDER,

    Keller Williams Realty Atl Partners

    Source: FMLS GA,MLS#: 7549947MLS Logo
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 4
    Rooms
    • Room types: Family Room, Laundry
    Primary bedroom
    • Features: In-Law Floorplan
    • Level: In-Law Floorplan
    Bedroom
    • Features: In-Law Floorplan
    Primary bathroom
    • Features: None
    Dining room
    • Features: None
    Kitchen
    • Features: Breakfast Bar
    Heating
    • Electric, Forced Air
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Gas Water Heater, Microwave, Refrigerator
    • Laundry: Laundry Room, Other
    Features
    • High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, High Speed Internet
    • Flooring: Carpet, Hardwood, Laminate
    • Windows: None
    • Basement: Partial
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,748
    • Total interior livable area: 2,748 sqft
    • Finished area above ground: 2,357
    • Finished area below ground: 98
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    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    • Carport spaces: 2
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1
    • Patio & porch: Covered
    • 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: 0.7 Acres
    • Features: Back Yard, Wooded
    Details
    • Additional structures: None
    • Parcel number: 15 162 05 020
    • Special conditions: Standard
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick, Brick 4 Sides
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1964

    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: Street Lights
    • Security: Carbon Monoxide Detector(s), Fire Alarm, Security System Leased, Security System Owned, Smoke Detector(s)
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Decatur

    Financial & listing details

    • Price per square foot: $127/sqft
    • Tax assessed value: $274,300
    • Annual tax amount: $4,330
    • Date on market: 3/22/2025
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Electric utility on property: Yes
    • Road surface type: Asphalt
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