Covington Homes under $500,000

Covington Homes under $500,000

Welcome to Covington, Georgia—a charming city that beautifully blends Southern hospitality with modern living. Nestled just 35 miles east of Atlanta, Covington is renowned for its picturesque landscapes, historic downtown, and vibrant community spirit. With its rich history dating back to the early 1800s, Covington boasts a delightful array of antebellum architecture that adds character to its streets, making it a favorite backdrop for film and television productions.

For those seeking a new home in this enchanting city, you’ll be pleased to discover that Covington offers an impressive selection of homes priced under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, there’s something for everyone in this affordable housing market. From charming bungalows and spacious family homes to contemporary townhouses, the variety of options ensures that you’ll find the perfect fit for your lifestyle and budget.

Covington is not only about beautiful homes; it’s also a community filled with parks, recreational activities, and a thriving local economy. Residents enjoy easy access to shopping, dining, and entertainment, along with a strong sense of community and excellent schools. With its friendly atmosphere and convenient location, Covington provides an ideal setting for those looking to balance suburban tranquility with urban accessibility.

Come explore Covington, where your dream home awaits at an unbeatable price. Embrace the charm of this historic city and discover why so many are proud to call Covington home!

Newest Covington Homes under $500,000

188 Fieldstone Lane, Covington
$199,900
3 Beds ⋅ 2 Baths ⋅ 10870795 MLS
"THE CHANCE SELLS TEAM" presents............. **INVESTOR SPECIAL | ALL-CASH OPPORTUNITY | SOLID BRICK HOME ON 2 ACRES!** Calling all investors, flippers, and savvy cash buyers! This is your opportunity to transform a solid, all-brick home into something truly spectacular! With an estimated **ARV of $350K-$360K**, this property offers incredible potential for the right buyer ready to roll up their sleeves and bring this home back to life! Featuring **3 bedrooms, 2 bathrooms, and multiple spacious living areas**, this property has the layout, space, and setting to make an amazing transformation. The home includes two great rooms, a kitchen, eat-in area, formal dining room, and a large sunroom offering endless possibilities for redesign and entertaining. Step outside and discover approximately **2 beautiful acres** filled with mature trees and gorgeous hardwoods, creating a private, peaceful setting with plenty of room to enjoy. The property also features an inground swimming pool, an oversized fenced backyard, and a long, half-circle driveway offering abundant parking for family, friends, and guests. **PROPERTY HIGHLIGHTS:** - Solid, all-brick construction - 3 bedrooms and 2 bathrooms - Two spacious great rooms - Kitchen with eat-in area - Formal dining room - Large sunroom - Inground swimming pool - Approximately 2 acres with mature trees and hardwoods - Oversized fenced backyard - Long, half-circle driveway with ample parking - **NO HOA | NO SUBDIVISION** - Full renovation needed - bring your vision and creativity! (( HVAC is 15 years. )) ((Roof is 6-7 years )) ((Pool was running last time seller covered it for winter, some years ago. May need a pool pump and a new liner?? )) (( Power and water and everything works!! )) **CASH BUYERS ONLY!** This property needs a complete remodel and is being marketed as an investment opportunity. With an estimated after-repair value (ARV) of **$350,000-$360,000**, this could be the perfect project for an investor looking to renovate, add value, and create something special. If you've been searching for a solid brick home with acreage, privacy, a pool, and plenty of upside, this one deserves a closer look! **Bring your contractor, run your numbers, and schedule your showing today!** _ARV is an estimate and should be independently verified. Property condition, renovation costs, and resale value are subject to buyer due diligence._

188 Fieldstone Lane, Covington

3148 Monticello Street SW, Covington
$475,000
3 Beds ⋅ 2 Baths ⋅ 10870668 MLS
Just a short walk from the Covington Square, 3148 Monticello Street offers the charm of an established in-town home with the updates and conveniences of modern living. Currently operating as an income-producing Airbnb with over two years of established short-term rental history, this beautifully renovated 3-bedroom, 2-bath home offers a unique opportunity for both homeowners and investors. Rental history and financial information are available to qualified buyers. Inside, soaring ceilings, original hardwood floors, detailed millwork, and architectural details preserve the home's timeless character. The spacious layout offers inviting living and dining areas, a beautifully updated kitchen with white cabinetry, stainless steel appliances, and a large center island, along with a primary suite featuring a wood-accented ceiling and updated bath. Beyond the cosmetic renovations, significant improvements include a new moisture barrier beneath the entire home and reinforced sewer lines extending from the house to the city connection. Outside, the fenced backyard features recent landscaping, mature shade trees, and a fire pit, creating a private space to relax or entertain. One of the property's most valuable features is the detached two-car garage with a climate-controlled bonus room above, an uncommon find this close to the Covington Square. With its own exterior entrance, this space offers flexibility for a home office, guest accommodations, or the potential for an additional short-term rental, subject to local requirements. With a proven history of short-term rental use, thoughtful renovations, and a location convenient to downtown Covington's restaurants, shopping, and entertainment, this property offers the opportunity to enjoy in-town living with the added benefit of income-producing potential.

3148 Monticello Street SW, Covington

4135 N Swann Street, Covington
$319,000
2 Beds ⋅ 2 Baths ⋅ 10870182 MLS
Rare opportunity in the Swann Building at Clarks Grove! This beautifully maintained 2-bedroom, 2-bath ground-floor condominium offers 1,392 square feet of easy, one-level living-and features you simply won't find in the other units in the building. Enjoy true street-level access, a private courtyard, and the building's only private enclosed one-car garage, complete with an automatic door and direct access into the home. Step inside to an inviting, open-concept interior with 10-foot ceilings that create a wonderful sense of space. The kitchen features white cabinetry, granite countertops and stainless-steel appliances and opens easily to the dining and living areas-perfect for everyday living or entertaining. The spacious primary suite offers a private bath, while the second bedroom and full bath provide plenty of flexibility for guests, a home office or hobbies. Both bathrooms feature tile flooring and tiled showers, adding to the home's clean, well-maintained feel. Just outside, your private courtyard gives you your own outdoor retreat-perfect for morning coffee, container gardening or relaxing at the end of the day. And then there's the Clarks Grove lifestyle. Enjoy neighborhood amenities including a saltwater pool, pavilion, community garden, recreation areas, sidewalks and green space, with the Cricket Frog Trail nearby. Historic Downtown Covington-with its restaurants, shopping, festivals and events-is just a short walk, bike ride or golf-cart trip away. If you're looking for low-maintenance, one-level living without giving up your own garage, private outdoor space or a true neighborhood feel, this one is something special. Come experience life at Clarks Grove!

4135 N Swann Street, Covington

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