For sale

$350,000

Est. $2,265/mo —

•

2,748

sq ft

5159 Covington Hwy, Decatur, GA 30035

About this home

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.

Single-familyProperty Type

1964Year Built

0.7 acresLot Size

$127Price/Sq.Ft.

2 spacesParking

Listed by KIMBERLY D BRANCH • Keller Williams Realty Atl Partners

Listed by ERIC RENDER • Keller Williams Realty Atl Partners

Contact: 678-252-1900

Source:FMLS #7549947

Payment calculator

$2,265 per month

Principal and interest$1,747

Property taxes

$361

HOA dues

Home insurance

$158

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN WED, 10AM TO 4PM
$463,990
3 beds3.5 baths1,893 sq ft
106 Epperly Way, Tucker, GA 30084
OPEN SAT, 12PM TO 3PM
$300,000
4 beds2.5 baths2,109 sq ft
949 Redan Trce, Stone Mountain, GA 30088
OPEN SAT, 12PM TO 2PM
$295,000
2 beds2.5 baths1,184 sq ft
2251 Dillard Xing, Tucker, GA 30084
OPEN SAT, 12PM TO 2PM
$1,899,000
7 beds8 baths7,877 sq ft
2586 Weigelia Rd NE, Atlanta, GA 30345
OPEN SAT, 1PM TO 3PM
$974,000
5 beds5 baths5,994 sq ft
5585 Silver Ridge Dr, Stone Mountain, GA 30087
OPEN SAT, 2PM TO 5PM
$255,000
3 beds2.5 baths1,556 sq ft
2051 Appaloosa Way, Conyers, GA 30012
OPEN SAT, 2PM TO 4PM
$580,000
5 beds3.5 baths3,389 sq ft
108 Lankford Rd, Tucker, GA 30084
REDFIN OPEN SUN, 12PM TO 2PM
$200,000
3 beds3.5 baths1,260 sq ft
3615 Cobble Mill Ln, Clarkston, GA 30021
REDFIN OPEN SUN, 1PM TO 3PM3D WALKTHROUGH
$675,000
3 beds1.5 baths1,404 sq ft
2167 Fairway Cir NE, Brookhaven, GA 30319
OPEN SUN, 2PM TO 4PM
$405,900
4 beds3.5 baths2,428 sq ft
1637 Venture Point Way, Decatur, GA 30032

Around this home

Schools

K - 12
Preschool & daycare

Canby Lane Elementary School

Public PreK-5 • Assigned • 1.2mi

5/10

Mary Mcleod Bethune Middle School

Public 6-8 • Assigned • 0.2mi

2/10

Towers High School

Public 9-12 • Assigned • 2.2mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Market insights

5159 Covington Hwy · $350,000

DAYS ON MARKET

The average home goes pending in 43 days.

SALE-TO-LIST

Most homes are selling 2% below list price.

LIST PRICE

Median list price in this area is $371,014. (6% higher than this home)

PRICE DROP

27% of homes in this area have had a price drop in the past month.

Property details

Interior
Exterior
Finance

Interior features
9-foot ceilings on main, upper and lower levels
High speed internet available
No shared/common walls
Partial basement

Bedrooms
Four main-level bedrooms
In-law floorplan

Bathrooms
Three full bathrooms (all on main level)
Master bath: none specified

Kitchen
Breakfast bar
Dishwasher
Microwave
Refrigerator
Gas water heater

Laundry & utility
Dedicated laundry room

Flooring
Carpet
Hardwood
Laminate

Heating & cooling
Central air conditioning
Electric forced-air heating

Sale and tax history for 5159 Covington Hwy

Sale History
Tax History

Date

Event

Price

FMLS #7549947

Mar 22, 2025

Listed

$350,000

$127/sq ft

GAMLS #10488863

Mar 22, 2025

Listed

$350,000

$127/sq ft

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 #10488861 and #10488862 for separate details. This is a compelling acquisition for investors, developers, or visionaries seeking a strategically located, multi-parcel property with excellent upside potential.

FMLS #5231155

Feb 10, 2016

Price Changed

$64,900

$24/sq ft

Jun 4, 2015

Price Changed

$73,000

$27/sq ft

Jun 10, 2014

Listing Removed

—

Jan 24, 2014

Sold

$73,000

$27/sq ft

Jan 6, 2014

Pending

—

Dec 18, 2013

Listed

$64,900

$24/sq ft

GAMLS #7197461

Sep 26, 2014

Price Changed

$64,900

$24/sq ft

Jan 28, 2014

Listing Removed

—

Jan 24, 2014

Sold

$73,000

$27/sq ft

Jan 6, 2014

Pending

—

Jan 6, 2014

Price Changed

$73,000

$27/sq ft

Dec 18, 2013

Listed

$64,900

$24/sq ft

Public Records

Dec 3, 2002

Sold

$240,000

$87/sq ft

Public Records

Aug 12, 1981

Sold

$69,500

$25/sq ft

Year

Property tax

Land + Additions

Assessment*

2024

$4,743 (+279.5%)

$4,360 + $94,520

$98,880

2023

$1,250 (−49.1%)

$4,360 + $94,520

$98,880

2022

$2,457

$4,396 + $44,444

$48,840

2021

$2,457 (+15.1%)

$4,396 + $44,444

$48,840

2020

$2,135 (−24.7%)

$4,396 + $44,444

$48,840

2019

$2,836 (+11.5%)

$4,360 + $53,120

$57,480

2018

$2,542 (−7.6%)

$4,360 + $46,320

$50,680

2017

$2,752 (+20.2%)

$4,360 + $46,320

$50,680

2016

$2,290 (+223.9%)

$4,360 + $40,400

$44,760

2014

$707 (+99.6%)

$4,360 + $17,600

$21,960

2013

$354 (−50.0%)

$4,280 + $4,440

$8,720

2012

$709 (−34.9%)

$4,280 + $4,440

$8,720

2011

$1,089 (−51.7%)

$5,080 + $12,392

$17,472

2010

$2,255 (−22.4%)

$10,028 + $38,412

$48,440

2008

$2,905

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.66 Acres

Year renovated

1993

Finished Sq. Ft.

2,455

Unfinished Sq. Ft.

—

Total Sq. Ft.

2,455

Year built

1964

Style

Single Family Residential

County

DeKalb County

APN

15 162 05 020

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 22, 2026.

R-85

Residential Medium Lot-85 District

The purpose and intent of the board of commissioners in establishing the R-85 (Residential Medium Lot-85) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of twelve thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-85 (Residential Medium Lot-85) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; To implement the future development map of the county's most current comprehensive plan.

Permitted uses

Include but are not limited to:

Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
Communications tower

Local insights from Redfin agents

DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...
6 days ago • DeKalb County
Leah Gause
Redfin Premier agent
163 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

6/10 Heat Factor

7 days above 105° expected this year, 18 days in 30 years

4/10 Wind Factor

22% chance of strong winds in next 30 years

5/10 Air Factor

7 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Decatur, GA • 30035

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

93/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11 hrs

7.1 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 5159 Covington Hwy

$339,178

$11K under list price of $350K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $260K to $355K.

SOLD AUG 6, 2026
$321,029 Last sold price
3 beds2.5 baths2,587 sq ft
2133 Eagles Nest Cir, Decatur, GA 30035
$3/sq ft
smaller lot
38 years newer
SOLD AUG 4, 2026
$319,900 Last sold price
3 beds2 baths2,135 sq ft
2276 Ramblewood Cir, Decatur, GA 30035
$23/sq ft
smaller lot
34 years newer
SOLD JUL 13, 2026
$260,000 Last sold price
3 beds2.5 baths1,804 sq ft
2468 Leslie Brk, Decatur, GA 30035
$17/sq ft
smaller lot
19 years newer
SOLD APR 30, 2026
$355,000 Last sold price
5 beds3 baths2,540 sq ft
2320 Highbank Ct, Decatur, GA 30035
$13/sq ft
smaller lot
34 years newer
SOLD MAY 8, 2026
$329,000 Last sold price
4 beds3 baths2,886 sq ft
2224 Eagles Nest Cir, Decatur, GA 30035
$13/sq ft
smaller lot
38 years newer
SOLD JUN 30, 2026
$347,000 Last sold price
4 beds2.5 baths2,300 sq ft
2570 Waters Run, Decatur, GA 30035
$24/sq ft
smaller lot
34 years newer

Rental earnings

Est. $2,342 per month, based on comparable rentals

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Early Access listings

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Details provided by FMLS and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Market insights

Property details

Sale and tax history for 5159 Covington Hwy

Public record

Local insights from Redfin agents

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 5159 Covington Hwy

Early Access listings

Nearby similar homes

New listings for sale in 30035

More real estate resources