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2133 Thompson Avenue SE Covington, GA $ 2,000,000
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$ 2,000,000 Get more info
2133 Thompson Avenue SE
$ 2,000,000
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Share Save

2133 Thompson Avenue SE

Covington, GA, 30014
$ 2,000,000
Bedrooms11 Baths11.0

Monthly Estimate*

$ 12,477

2133 Thompson Avenue SE, Covington, GA 30014 - Image 1
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Multi-Family Home for sale in Covington, GA

for $2,000,000 with 11 bedrooms and 11 full baths. This home was built in 1972 on a lot size of 0.93.

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.”

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Multi-Family Active

Price

$ 2,000,000

Bedrooms

11

Full Bath

11

Property Type

Multi-Family

Taxes

$ 6,638

Style

Lot Size

0.93

Year Built

1972

Town/City

Covington

County/Region

Newton

MLS | Web ID

7676876
Features
General
Sewer Public Sewer
Heating Central Electric Forced Air
Cooling Central Air Electric
Utilities Electricity Available Sewer Available Water Available
Roof Composition Shingle
Security Features None
Construction Materials Brick 4 Sides
Year Built 1972
View City Trees/Woods Neighborhood
Levels Two
Property Subtype Other
Tax Year 2024
Gross Income 185820
Waterfront Features N
Community Features Near Shopping
Accessibility None
Additional Parcels Description C02000040013000 C02000040014000
County Newton - GA
Property Type Residential Income
HOA No
Energy Efficient None
Subdivision Name Thompson Avenue Townhomes
Green Energy Generation None
Status Active
Directions From I-20 E take Exit 92 (Alcovy Rd/GA-142). Turn right onto Alcovy Rd NW then left onto US-278 W/GA-12 W toward Historic Downtown Covington. Turn left onto Emory St NW then right onto Washington St
High School Eastside
City Covington
Body of Water None
Number Of Units Total 11
Elementary School East Newton
Property Attached Y/N No
Tax Annual Amount 6638
Home Warranty Y/N No
Middle/Junior High School Cousins
Property Condition Updated/Remodeled
Standard Status Active
Occupancy Type Tenant
Legal Description Lots 6 7 & 8 of the Subdivision of the Estate of Mrs. S.M. Thompson Plat Book 2 Page 114 Newton County Records; Deed Book 216 Page 446.
Corporate Owner Investor Owned
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Interior
Flooring Carpet Vinyl
Furnished Y/N Unfurnished
Window Features Insulated Windows
Total Baths 0
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Exterior
Fencing Back Yard
Parking Features Parking Lot
Lot Features Level Corner Lot Other
Water Source Public
Total Parking 2
Lot Dimensions X
Lot Size Acres 0.93
Private Pool No
Lot Size Source Other
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Internal Only
Street Number 1 2133
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* Excluded Features
List By
Shanae Reece

Listing Agent

Keller Williams Realty Peachtree Rd.

Broker

shanae@kw.com

Email

Affordability Calculator

$13,031
Per Month
96%
4%
0%
Monthly Principal & Interest
$12,477
Monthly Property Taxes
$553
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1926393 Elementary School
1929247 Middle School
Eastside High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/5/2025$2,000,000 Listed Price

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2133 Thompson Avenue SE, Covington, GA, 30014 is a Multi-Family Home for sale at $2,000,000 with a lot size of 0.93. 2133 Thompson Avenue SE has 11 bedrooms, 11.0 baths, and was built in 1972. The property's zip code is 30014 which is in Covington, GA

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