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$320,000
78 Days On Site

5181 Covington Highway
Decatur, GA 30035

For Sale|Single Family Residence|Active
3
Beds
1
Total Bath
1
Full Bath
1,264
SqFt
$253
/SqFt
1935
Built
Subdivision:
None
County:
Dekalb

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5181 Covington Highway5181 Covington Highway5181 Covington Highway5181 Covington Highway
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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.

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Listing Snapshot
Price 
$320,000
Days On Site 
78 Days
Bedrooms 
3
Inside Area (SqFt) 
1,264 sqft
Total Baths 
1
Full Baths 
1
Partial Baths 
N/A
Lot Size 
2.6 Acres
Year Built 
1935
MLS® Number 
7549946
Status 
Active
Property Tax 
$2,438
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoPrice changed to $320,000
2 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
2.6
Foundation 
Slab
Number Of Stories 
1
Parking 
Parking Pad
Property Sub Type 
Single Family Residence
Sewer 
Septic Tank
SqFt Above 
1264
SqFt Total 
1264
Stories 
One
Style 
BungalowCottage
Utilities 
Cable AvailableElectricity AvailableNatural Gas Available
Water Source 
Public
Interior Features
Appliances 
DishwasherGas Water HeaterMicrowave
Basement 
None
Cooling 
Central Air
Electric 
220 Volts
Fireplace Features 
None
Flooring 
CarpetCeramic TileHardwood
Heating 
Central
Interior 
Eat-in KitchenEntrance FoyerHigh Speed InternetOther
Laundry Features 
Common Area
Main Level Bedrooms 
3
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Exterior Features
Construction Details 
Stone
Exterior 
None
Fencing 
None
Lot Features 
Back YardWooded
Other Structures 
None
Patio And Porch 
None
Pool Features 
None
Road Frontage 
Highway
Roof 
Composition
Spa Features 
None
View 
Trees/Woods
Waterfront Features 
None
Waterview 
Trees/Woods
Community Features
Community Features 
None
Financing Terms Available 
CashConventionalFHAVA Loan
Horse Property 
None
Roads 
Asphalt
Schools
School District
Unknown
Elementary School
Canby Lane
Middle School
Mary McLeod Bethune
High School
Towers
Listing Provided Courtesy Of: KIMBERLY D BRANCH of Keller Williams Realty Atl Partners kimberly.branch@kw.com

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