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.
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.
Listing Provided Courtesy of Keller Williams Realty Atl Partners
Property Details
Price:
$350,000
MLS #:
7549947
Status:
Active
Beds:
4
Baths:
3
Address:
5159 Covington Highway
Type:
Single Family
Subtype:
Single Family Residence
City:
Decatur
Listed Date:
Mar 22, 2025
State:
GA
Finished Sq Ft:
2,748
Total Sq Ft:
2,748
ZIP:
30035
Year Built:
1964
See this Listing
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Schools
Elementary School:
Canby Lane
Middle School:
Mary McLeod Bethune
High School:
Towers
Interior
Appliances
Dishwasher, Gas Water Heater, Microwave, Refrigerator
Bathrooms
3 Full Bathrooms
Cooling
Central Air, Electric
Flooring
Carpet, Hardwood, Laminate
Heating
Electric, Forced Air
Laundry Features
Laundry Room, Other
Exterior
Architectural Style
Ranch
Community Features
Street Lights
Construction Materials
Brick, Brick 4 Sides
Exterior Features
None
Other Structures
None
Parking Features
Carport
Parking Spots
2
Roof
Composition
Security Features
Carbon Monoxide Detector(s), Fire Alarm, Security System Leased, Security System Owned, Smoke Detector(s)
Financial
Tax Year
2023
Taxes
$4,330
Map
Community
- Address5159 Covington Highway Decatur GA
- SubdivisionNone
- CityDecatur
- CountyDekalb – GA
- Zip Code30035
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5159 Covington Highway
Decatur, GA
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