5159 Covington HWY Active Save Request In-Person Tour Request Virtual Tour
Decatur,GA 30035
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,748 sqft
Price per Sqft $127
MLS Listing ID 7549947
Style Ranch
Bedrooms 4
Full Baths 3
Year Built 1964
Annual Tax Amount $4,330
Tax Year 2023
Lot Size 0.700 Acres
Property Sub-Type Single Family Residence
Property 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.
Location
State GA
County Dekalb
Rooms
Other Rooms None
Dining Room None
Interior
Heating Electric,Forced Air
Cooling Central Air,Electric
Flooring Carpet,Hardwood,Laminate
Fireplaces Type None
Laundry Laundry Room,Other
Exterior
Exterior Feature None
Parking Features Carport
Fence None
Pool None
Community Features Street Lights
Utilities Available Cable Available,Electricity Available,Natural Gas Available
Waterfront Description None
View Trees/Woods
Roof Type Composition
Building
Lot Description Back Yard,Wooded
Story One and One Half
Foundation Slab
Sewer Septic Tank
Water Public
Structure Type Brick,Brick 4 Sides
New Construction No
Schools
Elementary Schools Canby Lane
Middle Schools Mary Mcleod Bethune
High Schools Towers
Others
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Special Listing Condition None