5181 Covington Highway, Decatur, GA 30035

The Rains Team
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Our Financing Partner
Dalton Carter
Lender
Lic. 1566538
Office:
Direct: 678-425-4140
AP Mortgage
340 Jesse Jewell Parkway
Suite 500A
Gainesville, GA 30501
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For Sale
MLS Number 10488862
3 Bedrooms
1 Bathrooms
0 Half Baths
1,264 Square Feet *estimated
Summary of 5181 Covington Highway
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.
Set outside of a traditional subdivision in Decatur, this well cared for 3-bedroom, 1-bath home offers space, comfort, and freedom from HOA restrictions. Thoughtfully planned, the interior provides 1,264 square feet of finished living space with an open, livable feel from room to room. The kitchen was planned for both everyday meals and special occasions, with plenty of room to cook, serve, and connect. Open concept living and dining spaces create a comfortable setting for gatherings of all kinds. Outside, the property offers approximately 2.6 acres, giving ample room to relax, play, or plan future outdoor projects. Practical parking available makes everyday living easier for households with multiple vehicles. Located in Decatur but outside a traditional subdivision, this home combines neighborhood convenience with a non HOA setting. After roughly 256 days on the market, this home remains a strong option in the area. At $320,000, this home is well positioned for buyers seeking value in Decatur.
5181 Covington Highway - Map & Directions
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I75/85 S to I20 E, Exit 247 toward Augusta. Take Exit 67, I285 N toward Greenville. Take Exit 44, Glenwood Rd Exit. Turn R onto Glenwood Rd. Turn R onto Covington Hwy. Property on R.
School District Information
High School
Middle School
Elementary School
Additional Information about
None
Association
No
Additional Information about
5181 Covington Highway
County
Neighborhood
Year Built
1935
Appliances
Dishwasher
Gas Water Heater
Microwave
Oven/Range (Combo)
Architectural Style
Bungalow/Cottage
Foundation
Slab
Construction Materials
Stone
Cooling
Central Air
Flooring
Carpet
Hardwood
Tile
Heating
Central
Home Warranty
No
Laundry Features
Common Area
Levels
One
Financing Available
Cash
Conventional
FHA
VA Loan
Selling Status
Resale
Roof
Composition
Rooms
Family Room
Foyer
Sewer Type
Septic Tank
Listing Conditions
As Is,No Disclosure
Total Finished Area
1,264
Utilities
Cable Available
Electricity Available
High Speed Internet
Natural Gas Available
Water Source
Public
Land Information
Lot Size
2 to 5 Acres
Lot Features
None
Lot Size Estimated
2.6
Garages and Parking Information
Parking Features
Parking Pad
Tax Information
Taxes
$2,438
Tax Year
23
Tax ID Number
15 161 02 002
listed by real estate agent kimberly branch and keller williams realty atl. partners