$350,000
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5159 Covington Hwy, Decatur, GA 30035

4 Beds
3 Baths
2,455 Sq Ft

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 -

Financial Considerations

  • Tax Amount $4,330
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in GA / 30035

Source: Walkscore

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

Property description updated with new details
Property Heating updated
Electric HeatingElectric, Forced Air

Points of Interest near 5159 Covington HWY, Decatur, GA 30035

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