5181 Covington Highway, Decatur, GA 30035
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
5181 Covington Highway,Decatur, GA 30035
$320,000
- 3 Beds
- 1 Baths
- 1,264 sq. ft.
- Single family
- Active
Listed by:kimberly d branch
Office:keller williams realty atl partners
MLS#:7549946
Source:FIRSTMLS
Price summary
- Price:$320,000
- Price per sq. ft.:$253.16
About this home
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.
Contact an agent
Home facts
- Year built:1935
- Listing Id #:7549946
- Updated:August 03, 2025 at 01:22 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,264 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1935
- Building area:1,264 sq. ft.
- Lot area:2.6 Acres
Schools
- High school:Towers
- Middle school:Mary McLeod Bethune
- Elementary school:Canby Lane
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$320,000
- Price per sq. ft.:$253.16
- Tax amount:$2,438 (2023)
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