Date
Details
Price
Change
Source
3/22/2025
Listed
$350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$350,000
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Property Description
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.
Full Property Details
Full Property Details for 5159 Covington Hwy
General
- Price: $350,000
- Taxes: $4,330 (2023)
- Status: Active
- Type: Single Family
- Source: FMLS_Atlanta
- MLS ID: 7549947
- Updated: 9/17/2025
- Added to Site: 299 day(s) ago
Interior
- Interior Features: High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, High Speed Internet
- Fireplace(s): None
- Appliances: Dishwasher, Gas Water Heater, Microwave, Refrigerator
- Flooring: Carpet, Hardwood, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main Floor Baths: 3
- Primary Bathroom: None
Bedrooms
- Total Bedrooms: 4
- Bedrooms Main: 4
- Bedroom Features: In-Law Floorplan
Other Rooms
- Kitchen: Breakfast Bar
- Dining Room: None
- Laundry: Laundry Room, Other
Additional Information
- Amenities: Street Lights
- Security/Safety: Carbon Monoxide Detector(s), Fire Alarm, Security System Leased, Security System Owned, Smoke Detector(s)
- Equipment: None
Exterior
- Exterior Features: None
- Porch/Patio/Deck: Covered
Parking
- Total Spaces: 2
- Parking Features: Carport
Location
- County: Dekalb
- Subdivision: None
- Driving 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.
School Information
- Elementary School: Canby Lane
- Middle School: Mary McLeod Bethune
- High School: Towers
Heating & Cooling
- Cooling Type: Central Air, Electric
- Heating Type: Electric, Forced Air
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Available, Electricity Available, Natural Gas Available
Structural Information
- Architectural Style: Ranch
- Detached/Attached: Detached
- Exterior Const.: Brick, Brick 4 Sides
- Basement: Yes
- Basement Desc.: Partial
- Roof: Composition
- Common Walls: No Common Walls
- Windows: None
- Stories/Levels: One and One Half
- Square Feet: 2,748
- Sq. Ft. Source: Owner
- Year Built: 1964
- Property Condition: Resale
Additional Structures
- Other Structures: None
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.7
- Lot Size Source: Assessor
- Frontage: Highway
- Street/Road Desc.: Asphalt
- Lot Features: Back Yard, Wooded
- Fencing (Description): None
Water Features
- Docks: None
Financial Considerations
- Tax Amount: $4,330
- Tax Year: 2023
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Property ID: 15 162 05 020
- Block: 5
Listed by Keller Williams Realty Atl Partners
Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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 policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 14 2026 4:12PM
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Listing agents
— 5159 Covington Hwy —
Keller Williams Realty Atl Partners
Keller Williams Realty Atl Partners
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5159 Covington Hwy
School District:Dekalb County School District
| Name | Grades | Distance |
|---|---|---|
Canby Lane Elementary School 4150 Green Hawk Trail, Decatur, GA 30035 | PK-5 | 1.2 mi |
Mary Mcleod Bethune Middle School 5200 Covington Highway, Decatur, GA 30035 | 6-8 | 0.2 mi |
Towers High School 3919 Brookcrest Circle, Decatur, GA 30032 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5159 Covington Hwy
Tax History
Tax History for 5159 Covington Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,745
—
$98,880
—
2024
$4,743
-8%
$98,880
—
2023
$5,166
110%
$98,880
102%
2022
$2,457
—
$48,840
—
2021
$2,457
—
$48,840
—
2020
$2,457
-13%
$48,840
-15%
2019
$2,836
3%
$57,480
13%
2017
$2,752
—
$50,680
-6%
2017
$2,752
20%
$53,760
20%
2016
$2,291
224%
$44,760
104%
2014
$708
—
$21,960
152%
2014
$708
100%
$8,720
—
2013
$354
—
$8,720
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5159 Covington Hwy
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- Single Family
- Active
- Updated 25 minutes ago
- 3Beds
- 3Total Baths
- Townhouse
- Active
- Updated 14 hours ago
- 3Beds
- 4Total Baths
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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 policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 14 2026 4:12PM
5159 Covington Highway, Decatur, GA 30035 (MLS# 7549947) is a Single Family property with 4 bedrooms and 3 full bathrooms. 5159 Covington Highway is currently listed for $350,000 and was received on March 22, 2025. Want to learn more about 5159 Covington Highway? Do you have questions about finding other Single Family real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.