Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2133 Thompson Ave SE Covington, GA 30014

    For Sale
    $2,000,000

    Other - Covington, GA

    Lot size:
    0.93 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 2133 Thompson Ave SE

    General Information

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

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    11
    Architectural style
    Other

    Peachtree Road Realty Associates LLC (404) 419-3501 [email protected]

    Listing agent Shanae Reece (404) 419-3500

    Listing date Nov 5, 2025

    MLS# 7676876 Listing URL

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

    Overview

    Renovated Multifamily Investment in Covington

    This multifamily property, located in the heart of Historic Covington, presents a timeless investment opportunity. The property consists of 11 turnkey residences situated across three all-brick buildings. These residences have been meticulously renovated between 2023 and 2025 and are professionally managed with leases secured through 2026. The unit mix includes seven 2-bedroom, 1-bathroom homes, each approximately 950 square feet, and four 3-bedroom, 2-bathroom homes, each approximately 1,050 square feet. The property generates around $15,485 in scheduled monthly revenue. Each home blends classic Southern charm with modern convenience, featuring stainless steel kitchens, spa-inspired baths, and updated systems. Residents benefit from walkable access to parks, dining, and downtown amenities. The property is ideally located just a 4-minute walk to both Cricket Frog Trail and the City Park, and a 5-minute walk to Covington Square, famous for its film landmarks like The Vampire Diaries. This stabilized portfolio offers both immediate returns and long-term growth in Georgia’s beloved “Hollywood of the South.” The property is situated on a 0.93-acre lot.
    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
    -83.854321
    Latitude
    33.595548

    Nearby Similar for Sale

    • $1,310,000
      8,200 SF

      Covington Church Property For Sale

      Church property on 4.26 acres near downtown Covington.
      99 Ellis Trl, Covington, GA 30016
      View Details
    • $599,000
      4.32 Acres

      Waterfront Land with Marina Potential

      4.32-acre waterfront property on Jackson Lake with marina potential.
      800 Rocky Point Rd, Covington, GA 30014
      View Details
    • $275,000
      1,242 SF

      Covington Commercial Office on Highway

      Commercial office building on 1.55 acres, high-visibility location.
      5202 Highway 20 S, Covington, GA 30016
      View Details
    • $800,000
      3,120 SF

      Versatile Retail Space Near Covington Square

      Retail property suitable for daycare, personal care home, or office.
      6135 Petty St SW, Covington, GA 30014
      View Details
    • $2,000,000
      0.93 Acres

      Covington Multifamily Investment Opportunity

      Turnkey multifamily property in Historic Covington with secured leases.
      2133 Thompson Ave, Covington, GA 30014
      View Details
    • $325,000
      2,060 SF

      Remodeled Commercial Building with Extra Lots

      Remodeled commercial building with extra lots and parking spaces.
      3165 Washington St SW, Covington, GA 30014
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eleven turnkey residences in historic Covington, generating immediate returns.
    Where is this apartment building located?
    The property is located at 2133 Thompson Ave SE 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: - Fully renovated multifamily property with 11 turnkey residences (2023-2025); - Leases secured through 2026, generating approximately $15,485 in monthly revenue; - Prime location in Historic Covington, walkable to parks, dining, and downtown
    (404) 419-3500
    Request Owner's contact information
    2133 Thompson Ave SE Covington, GA 30014
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2133 Thompson Ave SE
    Covington, GA 30014
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 SE Covington, GA 30014
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.