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Multi-Family

10.51 AC Covington

S Dearing St, Covington, GA 30014

Listing Price: $2,640,000

Lot Size
10.51 acres
Price/Acre
$251,189
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present for sale this fully approved 176-unit Garden Style apartment site located at 7701 South Dearing Road in Covington, Georgia. This site presents a rare opportunity to develop multifamily housing at the early stage of a generational economic expansion. With thousands of new jobs driving immediate and sustained demand for housing, this property is poised to benefit from both capital appreciation and strong rental performance.

Investment Highlights

  • Fully approved 176-unit Garden Style apartment site
  • Thoughtful site plan supporting modern garden-style living
  • Scalable project ideal for institutional or private developers
  • Potential for Class A amenities including pool, clubhouse, and green space
  • Minutes from new Rivian Electric Vehicle Manufacturing Plant, a transformative $5 billion project projected to create over 7,500 jobs upon completion

Exclusively Listed By

Financing By

Multi-Family

10.51 AC Covington

Listing Price: $2,640,000

Lot Size
10.51 acres
Price/Acre
$251,189
Land Type
Land

Investment Highlights

  • Fully approved 176-unit Garden Style apartment site
  • Thoughtful site plan supporting modern garden-style living
  • Scalable project ideal for institutional or private developers
  • Potential for Class A amenities including pool, clubhouse, and green space
  • Minutes from new Rivian Electric Vehicle Manufacturing Plant, a transformative $5 billion project projected to create over 7,500 jobs upon completion

Investment Overview

Marcus & Millichap is pleased to present for sale this fully approved 176-unit Garden Style apartment site located at 7701 South Dearing Road in Covington, Georgia. This site presents a rare opportunity to develop multifamily housing at the early stage of a generational economic expansion. With thousands of new jobs driving immediate and sustained demand for housing, this property is poised to benefit from both capital appreciation and strong rental performance.

Exclusively Listed By

Financing By

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