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Residential Land with Home for Sale in Decatur, Georgia

5181 Covington Hwy, Decatur, GA 30035

$320,000
2.6 acres
Active
Est $1,789/mo

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.

1,264
Sq feet
3
Beds
1
Full bath
1935
Built

Location

Street address
5181 Covington Hwy
Elevation
889 feet
Coordinates
33.7323, -84.2032

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.

Property details

Acreage
2.6 acres
MLS #
GAMLS 10488862
Posted

Parcels

  • 15 161 02 002

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Franchise
Keller Williams Realty

Structure

Style
Bungalow
Stories
1
Water
Public
Sewer
Septic Tank
Heating
Central
Cooling
Central Air
Materials
Stone
Roof
Composition

Interior

Rooms
Bathroom, Bedroom x 3, Family Room
Flooring
Carpet, Hardwood, Tile
Appliances
Dishwasher, Gas Water Heater, Microwave, Range

Nearby schools

NameLevelDistrictDescription
Canby LaneElementary
Mary McLeod BethuneMiddle
TowersHigh

Listing history

DateEventPriceChangeSource
Mar 29, 2025New listing$320,000GAMLS
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This 2.6-acre property is located at 5181 Covington Hwy in Decatur, GA 30035. The property is available for sale for $320,000. It has a 1,264 sq ft 3 bedroom, 1 bath house built in 1935.

Checked 46 mins ago — Updated

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