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    940 Mote Rd Covington, GA 30016

    For Sale
    $215,000

    MULTI_FAMILY - Covington, GA

    Lot size:
    2.45 Acres
    Days on Market:
    128
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 940 Mote Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    0047A00000030000
    Parking features
    Assigned
    Lot size
    2.45 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1995
    Floors in Building
    1
    Number of units
    3
    Building materials
    Block, Stone Frame

    Virtual Properties Realty (770) 495-5050 [email protected]

    Listing agent Piyusha Zope (770) 495-5050

    Listing date Aug 8, 2025

    MLS# 10571552 Listing URL

    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 2.45-acre property in Covington, GA, presents an investment opportunity with three income-generating units. One unit is a remodeled 2-bedroom, 1-bath space featuring modern finishes. The other two units have been partially updated and offer further potential. A full basement provides additional possibilities for storage or rental income. The property includes ample parking space for multiple vehicles. Recent upgrades include a new roof installed in 2022 and a new water heater. The septic system was serviced in March 2024. Monthly utilities are low, with water at $100, cable and internet for $90, and electricity averaging $250, all included in the rent. One 3-bedroom unit is leased until January 2026 for $1,400, and a 2-bedroom unit has a lease ending the same month at $1,200. The land's versatility allows for various income-generating possibilities, enhanced by the full basement that could be rented out to businesses needing storage space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Auto Parts Store Department Store HVAC Service Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Newton
    State
    Georgia
    Longitude
    -83.911539
    Latitude
    33.537192

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    FAQs

    What type of property is this?
    Triplex - 2.45-acre property with three income-generating units and development potential.
    Where is this triplex located?
    The property is located at 940 Mote Rd Covington, GA.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Three income-generating units, including a remodeled 2-bedroom, 1-bath unit, provide a steady revenue stream.; - Expansive 2.45-acre property offers significant potential for investors and builders.; - Leases in place for two units provide immediate income: a 3-bedroom unit leased for $1,400/month and a 2-bedroom unit leased for $1,200/month until January 2026.
    (770) 495-5050
    Request Owner's contact information
    940 Mote Rd Covington, GA 30016
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    Covington, GA 30016
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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
    940 Mote Rd Covington, GA 30016
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