5181 Covington Hwy, Decatur, GA 30035
$320,000
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Home Description
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.
- MLS #: 7549946F
- Address: 5181 Covington Hwy
- City: Decatur
- Zip: 30035
- County: Dekalb
- Community Features: None
- Square Feet: 1264
- Sq. Ft. Source: Owner
- Water Body Name: None
- Dock : None
- Waterfront Features: None
- Water Source: Public
- Interior of Property: Entrance Foyer,High Speed Internet,Other
- Rooms: Family Room
- Flooring: Carpet,Ceramic Tile,Hardwood
- Kitchen Features: Breakfast Room,Cabinets Other,Country Kitchen,Eat-in Kitchen
- Kitchen Appliances: Dishwasher,Gas Water Heater,Microwave
- Fireplace: None
- Number Fireplaces: 0
- Bedrooms: None
- Master Bath: None
- Dinning Room: None
- Laundry: Common Area
- Other Equipment: None
- Patio/Porch Features: None
- Security Features: None
- Common Walls: No Common Walls
- Basement: None
- Parking: Parking Pad
- Lot Dimensions: 0
- Lot Size Acres: 2.60
Available now at $320,000
- Type: Single Family
- Style: Bungalow,Cottage
- Levels: One
- Property Condition: Resale
- Listing Terms: Cash,Conventional,FHA,VA Loan
- Road Type: Asphalt
- Cooling: Central Air
- Heating: Central
- Sewer: Septic Tank
- Green Energy Efficient: None
- Green Energy Generation: None
- Exterior of Property: None
- Construction Materials: Stone
- Roof Type: Composition
- Other Structures: None
Neighborhood
The average asking price of a 3 bedroom Decatur home in this zip code is
$245,464 (23.3% less than this home).
This home is priced at $253/sqft,
which is 29.4% less than similar homes
in the 30035 zip code.
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School Information
- Elementary:Canby Lane
- Middle School:Mary McLeod Bethune
- High School:Towers
Financial
- Approx Payment:$1,557*
- Taxes:$2,438
Area Stats
These statistics are updated daily from the Georgia Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call EasyStreet Realty at
(404) 735-7757 and speak with one of our real estate consultants.
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Listing Courtesy of Keller Williams Realty Atl Partners.
For information or to schedule a viewing of this property (MLS# 7549946F), call: 404-735-7757
5181 Covington Hwy, Decatur GA is a single family home of 1264 sqft and
is currently priced at $320,000
.
This single family home has 3 bedrooms.
A comparable home for sale at 3972 Glenwood Downs Ln in Decatur is listed at $250,000.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Decatur, GA.
Hairston Creek, Hidden Creek and Emerald North are nearby neighborhoods.
MLS 7549946F has been posted on this site since 3/29/2025 (today).
2025
5/12/2025