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# 10488863
- Date Listed03/22/2025
- Days on Realty 294 Days
- Bedrooms 4
- Bathrooms 3 Full baths
- Lot Size 0.7 acres (30,492 sq. ft)
- Sewer Septic Tank
- Subdivision None
- Property Type Single Family
- County DeKalb
- Year Built 1964
- Water Public
- Square Feet 2,455 sq. ft
- Price Per Sq. Ft $142.57
Interior Features
- Appliances Range, Oven, Dishwasher, Gas Water Heater, Microwave, Refrigerator
- Flooring Carpet, Hardwood, Laminate
- Cooling Electric, Central Air
- Heating Electric, Forced Air
Exterior / Lot Features
- Roof Composition
- Lot Size Acres 0.70
- Lot Size SQFT 30,492.00
- 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 $4,330
- Terms Cash, Conventional, FHA, VA Loan
Nearby Schools
Source: School Digger
Public • PK - 5 • Serves this home
1.81 mi
Distance
Mary Mcleod Bethune Middle School
Public • 6 - 8 • Serves this home
0.36 mi
Distance
Public • 9 - 12 • Serves this home
3.49 mi
Distance
Public • PK - 5
0.85 mi
Distance
Public • PK - 5 • Serves this home
1.81 mi
Distance
Public • PK - 5
2.84 mi
Distance
Public • PK - 5
3.09 mi
Distance
Public • PK - 5
3.49 mi
Distance
Public • PK - 5
3.85 mi
Distance
Public • PK - 5
4.23 mi
Distance
Eldridge L. Miller Elementary School
Public • PK - 5
4.28 mi
Distance
Edward L. Bouie- Sr. Elementary School
Public • PK - 5
4.38 mi
Distance
Public • PK - 5
4.5 mi
Distance
Mary Mcleod Bethune Middle School
Public • 6 - 8 • Serves this home
0.36 mi
Distance
Public • 6 - 8
2.34 mi
Distance
Public • 6 - 8
3.74 mi
Distance
Public • 3 - 12
4.23 mi
Distance
Public • 6 - 8
4.93 mi
Distance
Public • 6 - 8
5.01 mi
Distance
Public • 6 - 12
5.29 mi
Distance
Public • 6 - 8
5.4 mi
Distance
Wadsworth Magnet School For High Achievers
Public • 4 - 8
5.56 mi
Distance
Public • 6 - 8
5.95 mi
Distance
Public • 9 - 12
3.42 mi
Distance
Public • 9 - 12
3.49 mi
Distance
Public • 9 - 12 • Serves this home
3.49 mi
Distance
Public • 9 - 12
3.85 mi
Distance
Public • 9 - 12
5.01 mi
Distance
Public • 9 - 12
6.16 mi
Distance
Public • 9 - 12
6.17 mi
Distance
Public • 9 - 12
6.52 mi
Distance
Dekalb High School Of Technology South
Public • 10 - 12
6.94 mi
Distance
Martin Luther King- Jr. High School
Public • 9 - 12
7.24 mi
Distance
Private • KG - 12
3.97 mi
Distance
Private • KG - 12
4.83 mi
Distance
Private • 09 - 12
5.01 mi
Distance
Greenforest Mccalep Christian Academy
Private • PK - 12
5.17 mi
Distance
Threshold Community School Program
Private • 06 - 12
5.39 mi
Distance
Private • KG - 12
6.01 mi
Distance
Solid Foundation Christian Academy
Private • PK - 12
7.13 mi
Distance
Private • KG - UG
7.38 mi
Distance
Private • 09 - 12
7.38 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 1968 Wedgewood DR | Listing | 4 | 3 | Nov 19, 2025 | $315,000 | Mar 21, 2024 | $289,221 |
| 1800 Canberra Drive | 3 | 2 | Nov 26, 2025 | $27,900 | Jan 10, 2026 | - |
| 2309 Quickwater Court | 5 | 4 | Nov 26, 2025 | $135,000 | Jan 10, 2026 | - |
| 4573 Dorset Circle | 4 | 3 | Nov 26, 2025 | $109,500 | Jan 10, 2026 | - |
| 1823 Wedgewood Drive | 5 | 3 | Nov 26, 2025 | $139,900 | Jan 10, 2026 | - |
| 4771 Big Valley Road | 3 | 2 | Nov 26, 2025 | $20,000 | Jan 10, 2026 | - |
| 4244 Lindsey Road | 3 | 2 | Nov 26, 2025 | $24,200 | Jan 10, 2026 | - |
| 1844 Glenhaven Circle | 2 | 1 | Nov 26, 2025 | $19,000 | Jan 10, 2026 | - |
| 4505 DOVER CASTLE Drive | 3 | 2 | Nov 26, 2025 | $29,900 | Jan 10, 2026 | - |
| 2244 WATERS Run | 4 | 3 | Nov 26, 2025 | $89,900 | Jan 10, 2026 | - |
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" |
17/100
Car-Dependent
Walk 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 5159 Covington HWY, Decatur, GA 30035
0.3 mi
Distance
0.44 mi
Distance
0.48 mi
Distance
0.48 mi
Distance
Walgreens, DeKalb County, GA, USA
Health • Retail
0.5 mi
Distance
0.52 mi
Distance
0.58 mi
Distance
0.58 mi
Distance
0.62 mi
Distance
0.62 mi
Distance
0.48 mi
Distance
0.62 mi
Distance
792 ft
Distance
0.49 mi
Distance
0.69 mi
Distance
Finance • Professional
0.48 mi
Distance
Chevron, DeKalb County, GA, USA
Transport • Professional
0.58 mi
Distance
0.58 mi
Distance
VFW Post 4706, DeKalb County, GA, USA
Education • Entertainment
0.48 mi
Distance
0.7 mi
Distance
Chevron, DeKalb County, GA, USA
Transport • Professional
0.58 mi
Distance
0.58 mi
Distance
VFW Post 4706, DeKalb County, GA, USA
Education • Entertainment
0.48 mi
Distance
Finance • Professional
0.48 mi
Distance
Walgreens, DeKalb County, GA, USA
Health • Retail
0.5 mi
Distance
0.62 mi
Distance
0.25 mi
Distance
0.54 mi
Distance
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Frequently Asked Questions for 5159 Covington HWY
Source: Realty.com
5159 Covington HWY, Decatur, GA 30035 is a Single Family 2,455 sq. ft. home listed for sale. Realty.com has 9 photos available of this 4 bed, 3 bath house, listed at $350,000. View sales and tax history, use our mortgage calculator and more on Realty.com
Realty.com has 9 photos of 5159 Covington HWY.
Our records indicate that 5159 Covington HWY was built in 1964.
The full address for this home is 5159 Covington HWY, Decatur, GA 30035.
5159 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 5159 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 2026-01-10 15:52:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 5159 Covington HWY, Decatur, GA 30035 : MLS# 10488863