$3,776 Closing Credit¹
#10524519, Dwayne Newell, Listing Office: Keller Williams Realty Atl. Partners
$320,000 List price
5181 Covington Hwy Decatur, GA 30035
$3,800
Closing credit¹
3 beds
1 full
1,264 sqft
2.6 acres
$253 / sqft
House
Property details
About 5181 Covington Hwy
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.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,264 sqft
Lot size2.6 Acres
Year built1935
ParkingParking Pad
MLS #7549946
ViewTrees/Woods
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Gas Water Heater, Microwave
- Basement: No
- Flooring Type: Carpet, Ceramic Tile, Hardwood
- Interior: Entrance Foyer, High Speed Internet, Other
- Fireplace: None
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Parking Pad
- Waterfront: None
- View: Trees/Woods
- Exterior: None
- Architectural Style: Bungalow, Cottage
- Heating: Central
- Cooling: Central Air
- List Price: $320,000
- Price/SqFt: $253
- HOA Amount: $0
- Annual Tax Amount: $2,998
- Tax Year: 2024
- Lot: Back Yard, Wooded
- 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.
- Year Built: 1935
- Living Area: 1,264 SqFt
- Lot Size: 2.6 Acres
- MLS Number: 7549946
- MLS Name: First Multiple Listing Service
- Office Name: Keller Williams Realty Atl Partners
- Office Phone: (678) 252-1900
- Listing Agent: KIMBERLY D BRANCH
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.
IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 10:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$320,000
5181 Covington Hwy
$3,800
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $58,960 | $2,998 |
| 2022 | $41,120 | $2,117 |
| 2021 | $28,320 | $1,555 |
| 2020 | $26,080 | $1,457 |
| 2018 | $18,520 | $1,148 |
| 2017 | $18,320 | $1,148 |
History based on county public records data.
Nearby schools
4
Woodridge Elementary School
Public District PK-5
0.7 mi
•4120 Cedar Ridge Trl
4
Canby Lane Elementary School
Public District PK-5
1.2 mi
•4150 Green Hawk Trl
3
Panola Way Elementary School
Public District PK-5
2.0 mi
•2170 Panola Way Ct
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,419. Residents of Decatur, GA typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
41%
<35k
44%
35k-100k
15%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
19%
Single, with Kids
13%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
11%
12-17 yrs old
21%
18-34 yrs old
44%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Soccer
College Basketball
Pro Wrestling
Where do the neighbors shop?
Burlington
Dillards
Books-a-Million
Where do the neighbors go to eat?
Wingstop
Logan's Roadhouse
Cicis Pizza
What do the neighbors drive?
Nissan
Hyundai
Pontiac
What do the neighbors listen to?
Christian Adult Contemporary
Rock
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5181 Covington Hwy
The listing price of 5181 Covington Hwy property is $320,000.
The property 5181 Covington Hwy is a house located in Decatur, Georgia, 30035.
Active Listing: 5181 Covington Hwy is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5181 Covington Hwy are: Woodridge Elementary School (GreatSchools Rating 4/10), Canby Lane Elementary School (GreatSchools Rating 4/10), Panola Way Elementary School (GreatSchools Rating 3/10), Mary McLeod Bethune Middle School (GreatSchools Rating 3/10), Miller Grove Middle School (GreatSchools Rating 4/10), Dekalb Preparatory Academy Charter (GreatSchools Rating 4/10), Towers High School (GreatSchools Rating 1/10), Redan High School (GreatSchools Rating 2/10), Southwest Dekalb High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $2,998 (source: MLS/based on county public records data).
The property at 5181 Covington Hwy has 3 bedrooms and 1 bathroom.
The property 5181 Covington Hwy is 1,264 SqFt (source: MLS/tax record).
The year of construction for 5181 Covington Hwy is 1935.
This home is located at 5181 Covington Hwy in Decatur, GA and zip code 30035. This 1,264 square foot home, which was built in 1935, sits on a 2.60 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 29, 2025 and is currently priced at $320,000.
Over 51 listings were sold over their listed price in April 2025 in Decatur, GA. In the same period over 111 listings were sold below the listed price and 60 listings were sold for the listed price. The number of homes for sale in Decatur, GA increased by 15.2% between March and April 2025. In April 2025 median list price was $329,760 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.