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    2133 Thompson Ave Covington, GA 30014

    For Sale
    $2,000,000

    MULTI_FAMILY - Covington, GA

    Lot size:
    0.93 Acres
    Days on Market:
    17
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 2133 Thompson Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    C020000040013000
    Parking
    2
    Lot size
    0.93 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Central, Forced Air
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    11
    Building materials
    Brick

    Keller Williams Realty Peachtree Road (404) 419-3503 [email protected]

    Listing agent Shanae Reece (404) 419-3500

    Listing date Nov 19, 2025

    Copyright © 2025 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Covington Multifamily Investment Opportunity

    This multifamily property is located in Historic Covington and features 11 residences across three brick buildings. The property has been renovated between 2023 and 2025 and is professionally managed with leases secured through 2026. The unit mix includes seven 2-bedroom, 1-bath homes (approximately 950 sqft) and four 3-bedroom, 2-bath homes (approximately 1,050 sqft), generating approximately $15,485 in scheduled monthly revenue. Each home combines Southern charm with modern convenience, featuring stainless steel kitchens, spa-inspired baths, and updated systems. The property is situated on a 0.93-acre lot. Residents have walkable access to parks, dining, and downtown Covington. It is located a 4-minute walk to both Cricket Frog Trail and the City Park, and a 5-minute walk to Covington Square, known for its film landmarks. The property offers both immediate returns and long-term growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.854511
    Latitude
    33.595594

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    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property in Historic Covington with secured leases.
    Where is this apartment building located?
    The property is located at 2133 Thompson Ave Covington, GA.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Turnkey Multifamily Investment: 11 renovated residences across three brick buildings, offering immediate returns.; - Strong Rental Income: Generating approximately $15,485 in scheduled monthly revenue.; - Fully Leased Through 2026: Provides stable and predictable income stream.
    (404) 419-3500
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2133 Thompson Ave Covington, GA 30014
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