
Residential Land with Home for Sale in Decatur, Georgia
5181 Covington Hwy, Decatur, GA 30035
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
- Street address
- 5181 Covington Hwy
- County
- DeKalb County
- Elevation
- 889 feet
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
| Name | Level | District | Description |
|---|---|---|---|
| Canby Lane | Elementary | — | — |
| Mary McLeod Bethune | Middle | — | — |
| Towers | High | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 29, 2025 | New listing | $320,000 | — | GAMLS |