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List Price $235,000
Units 2
Price / Unit $117,500

High-demand multifamily opportunity in Covington, GA

Properties with strong cash flow potential in this market typically receive multiple offers quickly.

7117 Pineneedle Drive SW Covington, GA 30014
FMLS Data last updated: July 25, 2026 at 12:24 AM
✓ FMLS Listing • Investor Analyzed
PROPERTY DESCRIPTION
Turnkey Income-Generating Duplex in Covington – 100% Occupied & Cash Flowing Day One!** Start generating revenue immediately with this fully occupied duplex at 7117 Pine Needle Dr. Located in an established Covington neighborhood, this solid investment property features two mirror-image units, each offering a spacious 2-bedroom, 1-bath layout. With reliable tenants already in place in both units, this asset provides instant cash flow with zero downtime for the new owner. Built in 1985, the property sits on a low-maintenance 0.35-acre lot and totals approximately 1,536 square feet. Both units are separately metered for electricity, gas, and water, keeping landlord expenses low and management simple. The floor plans are functional and tenant-friendly, featuring comfortable living areas, practical kitchens, and durable flooring suitable for long-term rentals. **Key Features:** * **Instant ROI:** Both units are currently leased—collect rent from the day you close. * **Unit Mix:** Two spacious 2 Bed / 1 Bath units (approx. 768 sq ft each). * **Investor-Friendly Setup:** Separate meters for all utilities (Electric, Gas, Water). * **Location:** Conveniently situated near Covington’s shopping, dining, and major highways for easy commuting. Zoned for Middle Ridge Elementary, Liberty Middle, and Eastside High School. * **Low Maintenance:** Durable exterior construction and a manageable lot size reduce upkeep costs. Whether you are a seasoned investor looking to add a performing asset to your portfolio or a new buyer seeking a "house hack" opportunity down the road, this duplex checks all the boxes. Do not disturb tenants—showings during due diligence only. **Don't miss this opportunity to acquire a stabilizing, income-producing asset in the growing Newton County market!**
Investment Context for Covington Multifamily:
  • Located in the Covington, GA area with access to regional employment centers
  • Typical value-add potential through professional management and improvements
  • Multifamily rental demand varies by submarket — local verification recommended
  • Cash flow performance depends on occupancy, expenses, and market conditions
PROFESSIONAL INVESTMENT ANALYSIS

Modeled using FMLS data + Atlanta market benchmarks

Price per Unit $117,500 Verified
Est. Cap Rate 📊 Cap Rate Modeled
Est. Gross Income 📊 Gross Modeled
Est. NOI Estimated
Est. Year 1 Cash Flow after estimated debt service 📊 Cash Flow Modeled
✅ Confidence scores included ✅ Latest FMLS data ✅ Transparent modeling
CASH FLOW PROJECTION TOOL

Adjust assumptions to see personalized 5-year projections (Using market-based estimate)

Year 1 NOI $0
Year 1 Cash Flow $0
Year 1 Cash-on-Cash 0%
Est. Year 5 Property Value $0
Total 5-Year Cash Flow $0
* These are estimates based on available listing data and Atlanta metro market benchmarks. Detailed seller financials were not provided, so NOI was modeled conservatively. Always verify all numbers independently and consult your own professionals before making investment decisions.
SIMILAR INVESTMENT OPPORTUNITIES

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IMPORTANT INVESTMENT DISCLAIMER
Important Investment Information

All financial estimates (NOI, Cap Rate, Cash Flow, Year 5 projections, etc.) are modeled using Atlanta metro market benchmarks combined with available FMLS listing data.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.

MLS ID: 7710759 • Listing courtesy of OneSource Real Estate, LLC, Matthew Nicklin • 678-498-6400

IDX Information Provided by Jeff Crowe • jeffcrowe@c21theavenues.com
FMLS • Updated Daily • Investor Analyzed