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
1935Year Built
2.6 acresLot Size
$253Price/Sq.Ft.
Listed by KIMBERLY D BRANCH• Keller Williams Realty Atl Partners
Listed by ERIC RENDER• Keller Williams Realty Atl Partners
Median list price in this area is $375,000. (17% higher than this home)
PRICE DROP
0 price drops
28% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Entrance foyer
High-speed internet available
Open to additional features
Bedrooms
Three main-level bedrooms
Bathrooms
One full bathroom (main level)
Kitchen
Breakfast area
Country-style kitchen with cabinets
Eat-in kitchen
Dishwasher
Microwave
Laundry & utility
Laundry in common area
Gas water heater
Flooring
Carpet
Ceramic tile
Hardwood
Heating & cooling
Central heating
Central air
Exterior features
Asphalt road frontage on a highway
Home design
One-level home
Fee simple ownership
Parking
Parking pad
Construction
Stone construction
Composition roof
Slab foundation
Resale condition
Built above grade (finished area noted)
Utilities
Public water
Septic tank sewer
220-volt electric
Cable available
Electricity available
Natural gas available
Other
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 right onto Glenwood Rd, then right onto Covington Hwy; property on the right.
County: Dekalb - GA
Electricity and solar
View estimated energy costs and solar savings for 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 #10488861 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
Sep 3, 2002
Sold
$125,000
$99/sq ft
Year
Property tax
Land + Additions
Assessment*
2024
$2,999 (+114.3%)
$30,840 + $35,200
$66,040
2023
$1,400 (−10.0%)
$2,440 + $56,520
$58,960
2021
$1,556 (+6.7%)
$2,400 + $25,920
$28,320
2020
$1,458 (+19.6%)
$2,400 + $25,920
$28,320
2019
$1,219 (+8.1%)
$11,560 + $9,080
$20,640
2018
$1,128 (−1.8%)
$11,560 + $6,960
$18,520
2017
$1,149 (+7.7%)
$11,560 + $6,960
$18,520
2016
$1,067 (+17.6%)
$11,560 + $5,520
$17,080
2014
$907 (+99.8%)
$11,560 + $7,120
$18,680
2013
$454 (−50.0%)
$11,600 + $1,520
$13,120
2012
$909 (−15.1%)
$11,600 + $1,520
$13,120
2011
$1,070 (−42.3%)
$11,600 + $5,440
$17,040
2010
$1,854 (+1.7%)
$11,600 + $26,840
$38,440
2008
$1,824
Public record
Public record
Zoning
Beds
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
2.57 Acres
Year renovated
1993
Finished Sq. Ft.
1,264
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,264
Year built
1935
Style
Single Family Residential
County
DeKalb County
APN
15 161 02 002
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...