Active$159,900
3 bd2 ba1,484 SFSingle-family home
10453 Flat Shoals Road
Covington, GA 30014 · 88 days listed
FMLS #7814102 · Listing Provided By GA Realty Experts · 678-635-0315
Active13 days listed
2232 Lee Street SW, Covington, GA 30014
- 2bd
- 1ba
- 697SF
- 0.13ac lot
FMLS #7854121 · Listing Provided By Vylla Home · 844-848-9623 · Listing agent Harvey Johnson
About this home
Charming 1936 cottage near Covington's historic downtown Square. This home offers 2 bedrooms, 1 full bath and approximately 697 sq ft on a 0.13-acre city lot, with central heat and air and an open front porch. Close to the Square's shops, restaurants and community events. Needs some TLC - a solid opportunity for investors or buyers ready to add their own finishes. Public water and sewer. Not in a flood zone. Sold as-is. Cash, conventional, or renovation loans only.
How this list price compares in Covington
- List price is 52% below the Covington median list price of $330,000 (483 homes).
- Compared with 476 single-family homes in Covington: 52% below the median of $334,950.
- List price per square foot is 44% above the Covington median of $160/SF.
- All 483 homes for sale in Covington, GA.
- 531 homes for sale in Newton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Active
- Bedrooms
- 2
- Full baths
- 1
- Living area
- 697 SF
- Lot size
- 0.13 acres
- Year built
- 1936
- Levels
- One
- Main-level bedrooms
- 2
- Parking
- Driveway
- Basement
- Crawl Space
- Style
- Bungalow
- Construction
- Lap Siding, Wood Siding
- Roof
- Shingle, Composition
- Flooring
- Carpet, Laminate
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Electric Range, Electric Water Heater
- Lot
- Level
- HOA
- No
- Annual tax
- $997 (2025)
- County
- Newton
Assigned schools
- HighEastside
- MiddleClements
- ElementaryMiddle Ridge
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $160,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,257/mo
- Principal and interest
- $989
- Property tax
- $83
- Home insurance
- $125
- Mortgage insurance
- $60
- HOA dues
- $0
- Loan amount
- $144,000
- Cash down
- $16,000
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Vylla Home, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Covington?
See the similar homes section on this page, or browse all homes for sale in Covington, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- Georgia multifamily investment properties for saleDuplexes to large complexes, with screening cap rates on each building.
- churches for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- apartment complex for sale in AtlantaApartment buildings for sale inside the City of Atlanta.
- commercial real estate for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- net operating income explainedHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- DSCR loans for apartment buildingsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- how to use gross rent multiplierGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- cap rate and NOI calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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