Multifamily Property with Mixed-Use
For Sale
$4,200,000
5567 Covington Highway, Decatur, GA 30035
A 2014-built residential income property offers substantial building space along Covington Highway.
Property Size2,014 SF
Price / SF$175
Days on Market15
Property Features for 5567 Covington Highway
General Information
Standard status
Active
Size
2,014 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
10.15 acres, Level
Public Sewer
Parcel Number: 16 007 10 027, Annual Amount: $145,335, Year: 2024
Listing ID: 10871554, Standard Status: Active, MLS Status: New, On market as of 2026-10-01, 13 days on market
Parking Lot, Paved
Built in 2014
County/Parish: DeKalb
Fixer
Cable Available, Water Source: Public
Close Of Escrow
Building Details
Building Size
2,014 SF
Year Built
2014
Listing Agency:
Dynasty Realty
(404) 915-4620
Listed By:
Krystal TylerPeterson · License #294656
(864) 920-0303
Source:
Blackstreaminternational
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 Dynasty Realty
Investment Insights
Based on property information with market context.
Built in 2014, this residential income property contains approximately 24,000 square feet of building area. Mixed-use zoning is reported for the site.
The property is at 5567 Covington Highway in Decatur, with proximity to Interstate 285.
The property is at 5567 Covington Highway in Decatur, with proximity to Interstate 285.
Key Highlights
- Approximately 24,000 square feet of building space
- Built in 2014
- Mixed‑use zoning is reported for the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,417
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,448,340
$6.4M
Cap Rate 7%
$4,605,957
$4.6M
Cap Rate 9%
$3,582,411
$3.6M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$625.0K $26.04/SF
− Vacancy
−$38.7K −$1.61/SF
EGI
$586.2K $24.43/SF
− OpEx
−$263.8K −$10.99/SF
NOI
$322.4K $13.43/SF
Area
DeKalb County, GA
Vacancy
6.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,448,340
Cap Rate 7%
$4,605,957
Cap Rate 9%
$3,582,411
Alternative Uses
Best Use
Apartment 5plus
$4.61M
$4.03M – $5.37M
NOI $322,417 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.71M
$5.87M – $7.83M
NOI $469,624 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 30035, GA
22,671
Population
8,731
Households
2.6
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
8.5 sq mi
ZIP Area
2,667
Density / Sq Mi
$65,733
Median Household Income
$34,246
Median Earnings
$1,522
Median Rent
$217,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - A 2014-built residential income property offers substantial building space along Covington Highway.
Where is this residential income property located?
The property is located at 5567 Covington Highway Decatur, GA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Approximately 24,000 square feet of building space; Built in 2014; Mixed‑use zoning is reported for the property
