$2,000,000

2133 Thompson SE Avenue, Covington, GA 30014

  • Property Icon other
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon0.93acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

Discover a timeless investment opportunity in the heart of Historic Covington. Comprising 11 turnkey residences across three all-brick buildings, this multifamily gem has been meticulously renovated between 2023 and 2025 and professionally managed with leases secured through 2026. Each 2- and 3-bedroom home blends classic Southern charm with modern convenience, featuring stainless steel kitchens, spa-inspired baths, and updated systems. The unit mix includes seven 2BR/1BA homes (˜ 950 sqft) and four 3BR/2BA homes (˜ 1,050 sqft), generating around $15,485 in scheduled monthly revenue. Residents enjoy walkable access to parks, dining, and downtown energy. 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. A rare stabilized portfolio offering both immediate returns and long-term growth in Georgia’s beloved “Hollywood of the South.”

Listing Status:
Active
Date Added:
November 3, 2025 at 06:00AM
Listing Office:
Keller Williams Realty Peachtree Rd. : 404-419-3500
Listing Agent:
Shanae Reece : 954-559-1487
MLS ID:
7676876
  • Flooring: CarpetVinyl
  • A/C: Central AirElectric
  • Heating: CentralElectricForced Air
  • Disability Feature: None
  • Eco/Green Feature: NoneNone
  • Parking: Parking Lot
  • Roofing: CompositionShingle
  • Windows: Insulated Windows
  • General: Brick 4 SidesTwo
  • Originating MLS: First Multiple Listing Service
  • County: Newton - GA
  • Zoning: Lots 67 & 8 of the Subdivision of the Estate of Mrs. S.M. ThompsonPlat Book 2 Page 114Newton County Records; Deed Book 216 Page 446.
  • View: CityTrees/WoodsNeighborhood
  • Fencing: Back Yard
  • Utilities: Electricity AvailableSewer AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: First Multiple Listing Service

This listing courtesy of Shanae Reece, Keller Williams Realty Peachtree Rd.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Newton County Theme School at Ficquett

2207 Williams St NE, Covington, GA, 30014

Grades KG-8

0.28 miles away

C

Cousins Middle School

8187 Carlton Trl NW, Covington, GA, 30014

Grades 6-8

1.84 miles away

E

Eastside High School

10245 Eagle Dr, Covington, GA, 30014

Grades 9-12

1.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.