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5181 Covington Highway; Decatur, GA 30035

$320,000

1,264 Sq Ft
3 Bedrooms
1 Bathrooms
Parking Pad
7549946
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 Facts
  • Style:
  • Year Built: 1935
  • Status: Active
Schools
  • Elementary School: Canby Lane
  • Middle School: Mary McLeod Bethune
  • High School: Towers
Bedrooms
  • Beds Total: 3
Bathrooms
  • Baths Full: 1
  • Baths Half: 0
  • Main Full Baths: 1
  • Master Bath Features: None

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Private & Public Schools Nearby

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    Canby Lane Elementary School
    4150 GREEN HAWK TRAIL; Decatur, GA 30035
    Public PK-5th  |  544 students
    Metro Atlanta School Rank: 1050th
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    Mary McLeod Bethune Middle School
    5200 COVINGTON HWY.; Decatur, GA 30035
    Public 6th-8th  |  858 students
    Metro Atlanta School Rank: 519th
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    Towers High School
    3919 BROOKCREST CIRCLE; Decatur, GA 30032
    Public 9th-12th  |  957 students
    Metro Atlanta School Rank: 382nd

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Listing Provided Courtesy Of: Keller Williams Realty ATL Part
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Listing information last updated on October 31, 2025
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