Mixed-Use Property with Rental
4150 Newton Drive NE, Covington, GA 30014
For Sale
New
$395,000
Two separate living areas offer kitchens, with the lower apartment also including a laundry room.
Property Size1,959 SF
Days on Market7
Property Features for 4150 Newton Drive NE
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
0.37 acres, City Lot, Corner Lot, Level
Composition
Chain Link, Fenced, Partial, Privacy
Public Sewer
Parcel Number: C009000140001000, Annual Amount: $3,034.99, Tax Block: 9, Year: 2026
Hardwood
Central Air, Electric
Central, Heat Pump
Listing ID: 10884049, Standard Status: Active, MLS Status: New, On market as of 2026-11-03, 4 days on market
Drive Through, Paved
Built in 1959, Construction Materials: Brick
County/Parish: Newton
Resale
Cable Available, High Speed Internet, Water Source: Public
Negotiable
Building Details
Building Size
Year Built
Buildings
Listing Agency:
T Tritt Realty, LLC
(678) 664-0097
Listed By:
Nancy McConnell · License #116943
(770) 363-4142
Source:
Blackstreaminternational
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of T Tritt Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1959, this 2,408-square-foot property is currently configured as two residential rentals. The upper residence has 2–3 bedrooms, one bathroom, a dining room, living room, kitchen, and glass-enclosed side porch with a deck overlooking a privacy-fenced area. The lower apartment has a kitchen, laundry room, and separate exterior entrance, as well as a locked interior connection to the upper level.
The property is across the street from Piedmont Newton Hospital and its medical complex, within walking distance of downtown Covington Square, and one block from Legion Field. The building was previously used for medical office space upstairs and a beauty shop downstairs. The separate areas also support configurations combining office and residential use.
The property is across the street from Piedmont Newton Hospital and its medical complex, within walking distance of downtown Covington Square, and one block from Legion Field. The building was previously used for medical office space upstairs and a beauty shop downstairs. The separate areas also support configurations combining office and residential use.
Key Highlights
- 2,408‑square‑foot building constructed in 1959
- Two residential rentals, with a kitchen in each
- Upper residence has 2–3 bedrooms, one bathroom, and a glass‑enclosed side porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,464
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,280
$569.3K
Cap Rate 7%
$406,629
$406.6K
Cap Rate 9%
$316,267
$316.3K
Market Conditions
NOI Build-Up for 1,959 SF
Gross rent
$43.5K $22.20/SF
− Vacancy
−$2.8K −$1.44/SF
EGI
$40.7K $20.76/SF
− OpEx
−$12.2K −$6.23/SF
NOI
$28.5K $14.53/SF
Area
Newton County, GA
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,280
Cap Rate 7%
$406,629
Cap Rate 9%
$316,267
Alternative Uses
Best Use
Multifamily LT 5
$406.6K
$355.8K – $474.4K
NOI $28,464 @ 7.0% cap · market cap 7.21%
Second Best
Mixed Use
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$547.6K
$479.2K – $638.9K
NOI $38,333 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 30014, GA
39,247
Population
16,159
Households
2.4
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
120.7 sq mi
ZIP Area
325
Density / Sq Mi
$71,055
Median Household Income
$37,714
Median Earnings
$1,199
Median Rent
$253,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two separate living areas offer kitchens, with the lower apartment also including a laundry room.
Where is this mixed-use property located?
The property is located at 4150 Newton Drive NE Covington, GA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,408‑square‑foot building constructed in 1959; Two residential rentals, with a kitchen in each; Upper residence has 2–3 bedrooms, one bathroom, and a glass‑enclosed side porch
