All-Brick Ranch with Commercial
5202-A Highway 20 S Covington, GA 30016
For Sale
$185,000
COMMERCIAL - Covington, GA
Property Size1,242 SF
Lot Size1.55 Acres
Price / SF$148.95
Days on Market106
Property Features for 5202-A Highway 20 S
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Standard status
Active
APN
0007A00000021000
Size
1,242 SF
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
662
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1957
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Realty Atl. Partners
(770) 692-0888
Listed By:
Michelle Johnson · License #243265
(678) 776-9258
Added: Apr 14
Changed: Jul 24
Last Checked: Jul 28 at 7:06AM
MLS# 10811946
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This all-brick ranch sits on approximately 1.55 acres and is currently taxed and used as residential. The home includes 3 bedrooms, 1 full bath, an open floor plan, and a large kitchen, with brick construction on all four sides.
The property is located along Highway 20 S in Covington, GA, described as a busy, high-visibility corridor. While it is currently operating as a home, the property is zoned commercial, offering buyers the option to continue residential use or explore future business possibilities consistent with the zoning.
In its current configuration, the asset provides a straightforward residential layout with commercial zoning in place, making it a versatile option for buyers seeking one property with dual-use potential.
The property is located along Highway 20 S in Covington, GA, described as a busy, high-visibility corridor. While it is currently operating as a home, the property is zoned commercial, offering buyers the option to continue residential use or explore future business possibilities consistent with the zoning.
In its current configuration, the asset provides a straightforward residential layout with commercial zoning in place, making it a versatile option for buyers seeking one property with dual-use potential.
Key Highlights
- All brick ranch built in 1957 on approximately 1.55 acres along busy Hwy 20
- Zoned commercial (currently taxed as residential), offering options to use it as a home or for business
- 3BR, 1 full bath with an open floor plan
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.3k | $26.04 |
| − Vacancy | −$2.0k | −$1.61 |
| EGI | $30.3k | $24.43 |
| − OpEx | −$13.7k | −$10.99 |
| NOI | $16.7k | $13.43 |
1,242 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$238.4K
$208.6K – $278.1K
NOI $16,685 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.2K
$303.8K – $405.1K
NOI $24,303 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Single family property - All-brick ranch on 1.55 acres, zoned commercial and currently configured as a residential home.
Where is this single family property located?
The property is located at 5202-A Highway 20 S Covington, GA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: All brick ranch built in 1957 on approximately 1.55 acres along busy Hwy 20; Zoned commercial (currently taxed as residential), offering options to use it as a home or for business; 3BR, 1 full bath with an open floor plan
