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5181 Covington Highway
Decatur, GA, 30035
$320,000
3 Beds
1 Baths
0 SqFt
2.6 Acres
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MLS #7549946 image #0MLS #7549946 image #1MLS #7549946 image #2MLS #7549946 image #3MLS #7549946 image #4
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.

Property Details

Price:
$320,000
MLS #:
7549946
Status:
Active
Beds:
3
Baths:
1
Type:
Single Family
Subtype:
Single Family Residence
Listed Date:
Mar 22, 2025
Total Sq Ft:
1,264
Year Built:
1935
WoodedCanby LaneMary Mcleod BethuneTowersNone

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Schools

Elementary School:
Canby Lane
Middle School:
Mary McLeod Bethune
High School:
Towers

Interior

Appliances
Dishwasher, Gas Water Heater, Microwave
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Carpet, Ceramic Tile, Hardwood
Heating
Central
Laundry Features
Common Area

Exterior

Architectural Style
Bungalow, Cottage
Community Features
None
Construction Materials
Stone
Exterior Features
None
Other Structures
None
Parking Features
Parking Pad
Roof
Composition
Security Features
None

Financial

Tax Year
2023
Taxes
$2,438

Map

Community

Subdivisions in Decatur

Market Summary

Current real estate data for Single Family in Decatur as of Oct 12, 2025
885
Single Family Listed
101
Avg DOM
202
Avg $ / SqFt
$383,954
Avg List Price

Property Summary

    Located in the None subdivision, 5181 Covington Highway Decatur GA is a Single Family for sale in Decatur, GA, 30035. It is listed for $320,000 and features 3 beds, 1 baths, and has approximately 0 square feet of living space, and was originally constructed in 1935. The average price per square foot for Single Family listings in Decatur is $202. The average listing price for Single Family in Decatur is $383,954.

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