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
1959Year Built
1.4 acresLot Size
$144Price/Sq.Ft.
Listed by KIMBERLY D BRANCH• Keller Williams Realty Atl Partners
Listed by ERIC RENDER• Keller Williams Realty Atl Partners
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.
Public Records
Apr 25, 2002
Sold
$145,000
$66/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$443 (−73.6%)
$14,440 + $92,000
$106,440
2023
$1,677 (−10.1%)
$14,440 + $97,840
$112,280
2022
$1,866 (+41.5%)
$5,000 + $71,680
$76,680
2021
$1,319 (+17.5%)
$5,000 + $47,960
$52,960
2020
$1,122 (+14.4%)
$5,000 + $47,960
$52,960
2019
$981 (+10.1%)
$5,000 + $33,240
$38,240
2018
$891 (+36.4%)
$5,000 + $29,400
$34,400
2017
$653 (−8.9%)
$5,000 + $29,400
$34,400
2016
$717 (+8.8%)
$5,000 + $21,800
$26,800
2014
$659 (−0.1%)
$5,000 + $10,880
$15,880
2012
$660 (−27.9%)
$4,920 + $2,720
$7,640
2011
$915 (−48.8%)
$5,840 + $7,696
$13,536
2010
$1,787 (−19.9%)
$13,098 + $23,662
$36,760
2008
$2,231
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
1.39 Acres
Year renovated
1993
Finished Sq. Ft.
1,891
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,891
Year built
1959
Style
Single Family Residential
County
DeKalb County
APN
15 161 02 001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 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...
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)
51
33
61
41
72
49
78
56
80
62
87
69
92
74
84
69
83
66
75
55
67
48
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in the zip code. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5169 Covington Hwy
$302,558
$12K under list price of $315K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $218K to $335K.