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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
    $314,500 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.
    116 days
    on Zillow
    |
    126
    |
    5
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    Zillow last checked: 7 hours ago

    Listing updated: May 09, 2025 at 11:06am

    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
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    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: $139,200
    • Annual tax amount: $2,438
    • Date on market: 3/29/2025
    • Listing agreement: Exclusive Agency
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Electric utility on property: Yes
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