Exceptional Multi-Property Investment Opportunity - Prime Assemblage on Covington HighwaySeize 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 AcresWith a flexible layout and diverse structures, this assemblage offers multiple paths for return on investment:Renovate and lease existing residencesDevelop a boutique housing enclaveSubdivide and sell parcels individuallyHold for long-term appreciation in a rapidly developing corridorKey Highlights:Prime location on Covington HighwayEasy access to major thoroughfares, especially I-285Approximately 40 feet of road frontageFlexible 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.
- MLS# 10488862
- Date Listed03/22/2025
- Days on Realty 357 Days
- Bedrooms 3
- Bathrooms 1 Full baths
- Lot Size 2.6 acres (113,256 sq. ft)
- Sewer Septic Tank
- Subdivision None
- Property Type Single Family
- County DeKalb
- Year Built 1935
- Water Public
- Square Feet 1,264 sq. ft
- Price Per Sq. Ft $253.16
Interior Features
- Appliances Range, Oven, Dishwasher, Gas Water Heater, Microwave
- Flooring Carpet, Hardwood, Tile
- Cooling Central Air
- Heating Central
Exterior / Lot Features
- Roof Composition
- Lot Size Acres 2.60
- Lot Size SQFT 113,256.00
- Lot Features -
Directions
I75/85 S to I20 E, Exit 247 toward Augusta. Take Exit 67, I285 N toward Greenville. Take Exit 44, Glenwood Rd Exit. Turn R onto Glenwood Rd. Turn R onto Covington Hwy. Property on R.
Financial Considerations
- Tax Amount $2,438
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
1.87 mi
Distance
Mary Mcleod Bethune Middle School
Public • 6 - 8 • Serves this home
0.32 mi
Distance
Public • 9 - 12 • Serves this home
3.54 mi
Distance
Public • PK - 5
0.82 mi
Distance
Public • PK - 5 • Serves this home
1.87 mi
Distance
Public • PK - 5
2.78 mi
Distance
Public • PK - 5
3.11 mi
Distance
Public • PK - 5
3.53 mi
Distance
Public • PK - 5
3.91 mi
Distance
Eldridge L. Miller Elementary School
Public • PK - 5
4.24 mi
Distance
Public • PK - 5
4.28 mi
Distance
Edward L. Bouie- Sr. Elementary School
Public • PK - 5
4.38 mi
Distance
Public • PK - 5
4.44 mi
Distance
Mary Mcleod Bethune Middle School
Public • 6 - 8 • Serves this home
0.32 mi
Distance
Public • 6 - 8
2.29 mi
Distance
Public • 6 - 8
3.68 mi
Distance
Public • 3 - 12
4.28 mi
Distance
Public • 6 - 8
4.9 mi
Distance
Public • 6 - 8
5.07 mi
Distance
Public • 6 - 12
5.23 mi
Distance
Public • 6 - 8
5.42 mi
Distance
Wadsworth Magnet School For High Achievers
Public • 4 - 8
5.62 mi
Distance
Public • 6 - 8
5.93 mi
Distance
Public • 9 - 12
3.38 mi
Distance
Public • 9 - 12
3.53 mi
Distance
Public • 9 - 12 • Serves this home
3.54 mi
Distance
Public • 9 - 12
3.91 mi
Distance
Public • 9 - 12
4.96 mi
Distance
Public • 9 - 12
6.1 mi
Distance
Public • 9 - 12
6.22 mi
Distance
Public • 9 - 12
6.54 mi
Distance
Dekalb High School Of Technology South
Public • 10 - 12
7 mi
Distance
Martin Luther King- Jr. High School
Public • 9 - 12
7.25 mi
Distance
Private • KG - 12
3.92 mi
Distance
Private • KG - 12
4.77 mi
Distance
Private • 09 - 12
5.07 mi
Distance
Greenforest Mccalep Christian Academy
Private • PK - 12
5.23 mi
Distance
Threshold Community School Program
Private • 06 - 12
5.43 mi
Distance
Private • KG - 12
6.05 mi
Distance
Solid Foundation Christian Academy
Private • PK - 12
7.14 mi
Distance
Private • KG - UG
7.43 mi
Distance
Private • 09 - 12
7.43 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 4002 Snapfinger WAY | Listing | 3 | 3 | Jan 26, 2026 | $307,000 | Nov 30, 2020 | $239,000 |
| 4002 Snapfinger Way | Listing | 3 | 3 | Jan 26, 2026 | $307,000 | Mar 21, 2024 | $289,385 |
| 4331 Aldergate DR | Listing | 4 | 3 | Jan 14, 2026 | $310,000 | Mar 21, 2024 | $308,507 |
| 2173 Wingfoot PL | Listing | 4 | 3 | Jan 20, 2026 | $310,000 | Mar 21, 2024 | $283,296 |
| 1989 Glenwood Downs DR | Listing | 3 | 2 | Jan 20, 2026 | $210,000 | Mar 21, 2024 | $193,158 |
| 4806 White Oak TRL | Listing | 4 | 3 | Jan 16, 2026 | $299,999 | Mar 21, 2024 | $277,733 |
| 2235 Scarbrough DR | Listing | 3 | 3 | Jan 13, 2026 | $259,900 | Mar 21, 2024 | $250,803 |
| 1961 Glenwood Downs DR | Listing | 3 | 2 | Jan 13, 2026 | $209,000 | Mar 21, 2024 | $203,357 |
| 5087 Jack DR 80 | Listing | 5 | 3 | Jan 20, 2026 | $335,000 | Mar 21, 2024 | $320,358 |
| 3900 Hilton Courts | Listing | 5 | 3 | Feb 14, 2026 | $310,000 | Feb 23, 2024 | $223,925 |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 22,295 | 23,042 | 760,152 | 335,858,263 |
| Population Density | 2,613 | 5,084 | 2,841 | 95 |
| People per Household | 2.7 | 2.2 | 2.5 | 2.6 |
| Median Age | 36.4 | 40.8 | 37.7 | 39.1 |
| Median Income | $45,250 | $114,143 | $67,334 | $66,222 |
| Average Income | $22,181 | $69,741 | $38,861 | $35,475 |
| Cost of Living Index | 95 | 87 | 94 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 33.5°F | 33.5°F | 29.1°F | 22.6°F |
| July Avg. High Temp | 89.4°F | 89.4°F | 87.5°F | 86.2°F |
| Annual Precipitation | 52.59" | 54.29" | 55.54" | 38" |
23/100
Car-Dependent
Walk Score ®
0/100
Minimal Transit
Transit Score ®
49/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 21/100, Transit Score: 5/100, Bike Score: 20/100.
Property Change History
Points of Interest near 5181 Covington HWY, Decatur, GA 30035
0.34 mi
Distance
0.4 mi
Distance
0.44 mi
Distance
0.44 mi
Distance
Walgreens, DeKalb County, GA, USA
Health • Retail
0.46 mi
Distance
0.48 mi
Distance
0.54 mi
Distance
0.54 mi
Distance
0.57 mi
Distance
0.65 mi
Distance
0.44 mi
Distance
0.65 mi
Distance
950 ft
Distance
0.45 mi
Distance
0.73 mi
Distance
Finance • Professional
0.44 mi
Distance
Chevron, DeKalb County, GA, USA
Transport • Professional
0.54 mi
Distance
0.54 mi
Distance
VFW Post 4706, DeKalb County, GA, USA
Education • Entertainment
0.44 mi
Distance
0.68 mi
Distance
Chevron, DeKalb County, GA, USA
Transport • Professional
0.54 mi
Distance
0.54 mi
Distance
VFW Post 4706, DeKalb County, GA, USA
Education • Entertainment
0.44 mi
Distance
Finance • Professional
0.44 mi
Distance
Walgreens, DeKalb County, GA, USA
Health • Retail
0.46 mi
Distance
0.65 mi
Distance
0.29 mi
Distance
0.53 mi
Distance
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Frequently Asked Questions for 5181 Covington HWY
Source: Realty.com
5181 Covington HWY, Decatur, GA 30035 is a Single Family 1,264 sq. ft. home listed for sale. Realty.com has 5 photos available of this 3 bed, 1 bath house, listed at $320,000. View sales and tax history, use our mortgage calculator and more on Realty.com
Realty.com has 5 photos of 5181 Covington HWY.
Our records indicate that 5181 Covington HWY was built in 1935.
The full address for this home is 5181 Covington HWY, Decatur, GA 30035.
5181 Covington HWY has been listed on Realty.com since Sat March 22, 2025
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 21/100, Transit Score: 5/100, Bike Score: 20/100.
There are 3 schools assigned to this home. Check out the schools near 5181 Covington HWY. Canby Lane Elementary School (Grades: PK - 5), Mary Mcleod Bethune Middle School (Grades: 6 - 8), Towers High School (Grades: 9 - 12)
Listing provided courtesy of:
Keller Williams Realty Atl. Partners
(tel: 678-252-1900)
Listing agent:
Kimberly Branch
(tel: 678-252-1900)
(#BRANCHKIMBER)
This content last refreshed on 2026-03-14 21:07:29. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 5181 Covington HWY, Decatur, GA 30035 : MLS# 10488862