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About This Home

This 3-bedroom, 1-bathroom single family at 5181 Covington Highway in Decatur, GA is listed for $320,000 ($253 per sqft). Built in 1935, the home offers 1,264 sqft of living space on a 2.60 acres lot.

Agent 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.

Key Features

  • Built in 1935
  • 2.60 acre lot

Property Details

1 story
1 full
1935

Amenities

HardwoodA/C

Monthly Cost Estimate

$1,711/mo

20% down · 6.5% · 30 years

Principal$231
Interest$1,387
Insurance$93

Estimates only. Actual payments may vary.

Location

5181 Covington Highway

Decatur, GA 30035

Property Details

Flooring

HardwoodCarpetTile

Construction

Stone

Heating

Central

Cooling

Central Air

Appliances

DishwasherGas Water HeaterMicrowaveRange

Questions & Answers

This 3-bedroom, 1-bathroom single family at 5181 Covington Highway is listed at $320,000 ($253/sqft). The estimated monthly payment is $1,387 based on 20% down at 6.5% interest.

Key features include: Built in 1935, 2.60 acre lot.

This property is listed by Kimberly Branch and can be reached at 4047024486 or kimberly.branch@kw.com.

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KB

Kimberly Branch

Agent at Keller Williams Realty Atl. Partners

(404) 702-4486

Listed by Keller Williams Realty Atl. Partners · View on Broker Site

MLS# 10488862· Source: listhub· Updated 384 days ago

Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5181 Covington Highway, Decatur, GA 30035

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