5159 Covington Hwy
Description
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...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.
Property Details for 5159 Covington Highway
Property Details for 5159 Covington Highway
| Status | Active |
|---|---|
| MLS # | 7549947 |
| Days on Market | 320 |
| Taxes | $4,330 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1964 |
| Lot Size | 0.70 AC / 30,491 SF |
| County | DeKalb County |
Location
Building Information for 5159 Covington Highway
Payment Calculator
$2,067 per month
30 year fixed, 6.15% Interest
$1,706
$361
$0
Property Information for 5159 Covington Highway
- Community Features: Street Lights
- 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.
- Lake Name: None
- View: Trees/Woods
- Coordinates: -84.20392, 33.732121
- Parcel Number: 15 162 05 020
- Tax Year: 2023
- Master Association Fee: $.00
- HOA Rent Restrictions: No
- Association: No
- Block: 05
- Tax Legal Description: Recorder's Book # 24304 Recorder's Page # 415
- Tax Lot: 0
- School Bus Route Elem: Yes
- School Bus Route High: Yes
- School Bus Route Middle: Yes
- Elementary School: Canby Lane
- High School: Towers
- Middle School: Mary McLeod Bethune
- Virtual Tour Link PP: https://www.propertypanorama.com/5159-Covington-Highway-Decatur-GA-30035/unbranded
- # of Carport Spaces: 2
- Cooling: Central Air, Electric
- Heating: Electric, Forced Air
- Appliances: Dishwasher, Gas Water Heater, Microwave, Refrigerator
- Basement: Partial
- Fireplace Features: None
- # of Fireplaces: 0
- Flooring: Carpet, Hardwood, Laminate
- Interior Features: High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, High Speed Internet
- Levels/Stories: One and One Half
- Other Equipment: None
- Window Features: None
- Bedroom Features: In-Law Floorplan
- Diningroom Features: None
- Kitchen Features: Breakfast Bar
- Master Bathroom Features: None
- Foundation: Slab
- Main Bedrooms: 4
- Total Half Baths: 0
- Bathrooms Total Interger: 3
- Main Full Baths: 3
- Additional Rooms: Family Room, Laundry
- Bathrooms Total Decimal: 3.00
- Accessibility Features: None
- Construction Materials: Brick, Brick 4 Sides
- Dock: None
- Fencing: None
- Horse Amenities: None
- Patio And Porch Features: Covered
- Pool Features: None
- Road Surface Type: Asphalt
- Roof Type: Composition
- Security Features: Carbon Monoxide Detector(s), Fire Alarm, Security System Leased, Security System Owned, Smoke Detector(s)
- Spa Features: None
- Laundry Features: Laundry Room, Other
- Pool Private: No
- Road Frontage Type: Highway
- Other Structures: None
- Sewer: Septic Tank
- Utilities: Cable Available,Electricity Available,Natural Gas Available
- Water Source: Public
- Electric: 220 Volts
- FHA Condo Approval: No
- Home Warranty: No
- Proposed Financing: Cash, Conventional, FHA, VA Loan
- Plat Book: 0
- Plat Page: 0
- Property Condition: Resale
- Representative of Property: No
- Possession: Close Of Escrow
- Green Energy Efficient: None
- Green Energy Generation: None
- Section/GMD: 0
- Above Grade Finished Area: 2357.0
- Below Grade Finished Area: 98.0
- SqFt Source: Owner
- Square Footage: 2748.0
- Common Walls: No Common Walls
- Land lot: 162
- Lot Features: Back Yard, Wooded
- Acreage Source: Assessor
- Below Grade Unfinished Area: 293.0
- Waterfront Footage: 0.0
- Vegetation: Wooded
- # Of Units In Community: 0
- Number of Units To Be Built: 0
- Swim/Tennis Fee: $0
- Land Lease: No
- Occupant Types: Owner
Property History for 5159 Covington Highway
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 1, 2009 | Sold (Public Record) Public Record #281691595 | $183,280 | — |
| Dec 1, 2009 | Sold (Public Record) Public Record #281691594 | $183,280 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/01/2009 | Sold (Public Record) Public Record #281691595 | $183,280 |
| 12/01/2009 | Sold (Public Record) Public Record #281691594 | $183,280 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5159 Covington Highway
Schools near 5159 Covington Highway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Canby Lane Elementary School PublicPK to 5 | ||
Mary Mcleod Bethune Middle School Public6 to 8 | ||
Towers High School Public9 to 12 | ||
Dekalb Preparatory Academy Charter CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Burgess Hills Homes for Sale
- Candler-McAfee Homes for Sale
- Chandler Homes for Sale
- Colony East Homes for Sale
- Easterwood Homes for Sale
- Emerald Estates Homes for Sale
- Emerald North Homes for Sale
- Glenhaven Acres Homes for Sale
- Hairston Creek Homes for Sale
- Hairston Forest South Homes for Sale
- Longview Pointe Homes for Sale
- Pendley Hills Homes for Sale
- Redan Homes for Sale
- Scarbrough Square Homes for Sale
- Snapfinger Manor Homes for Sale
- Avondale Estates Homes for Sale
- Ellenwood Homes for Sale
- Scottdale Homes for Sale
- Pine Lake Homes for Sale
- Clarkston Homes for Sale
- Decatur Homes for Sale
- Lithonia Homes for Sale
- Stone Mountain Homes for Sale
- Atlanta Homes for Sale
- Tucker Homes for Sale
- Rex Homes for Sale
- Conley Homes for Sale
- Chamblee Homes for Sale
- Brookhaven Homes for Sale
- Forest Park Homes for Sale
- 30083 Homes for Sale
- 30032 Homes for Sale
- 30034 Homes for Sale
- 30038 Homes for Sale
- 30058 Homes for Sale
- 30088 Homes for Sale
- 30002 Homes for Sale
- 30021 Homes for Sale
- 30079 Homes for Sale
- 30072 Homes for Sale
- 30030 Homes for Sale
- 30033 Homes for Sale
- 30294 Homes for Sale
- 30087 Homes for Sale
- 30317 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Realty Atl Partners, KIMBERLY D BRANCH; Keller Williams Realty Atl Partners, ERIC RENDER
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
