JUST LISTED
THOMPSON AVENUE TOWNHOMES
Listing Price $2,000,000
Presented by Shanae Reece, Keller Williams Peachtree Road
PROPERTY DESCRIPTION
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.”
PROPERTY HIGHLIGHTS
THREE ALL-BRICK BUILDINGS
11 UNITS WITH LEASES THROUGH 2026
LOCATED IN HISTORIC COVINGTON DISTRICT
$15,485 MONTHLY INCOME
2133 Thompson Ave | Covington Georgia | $2,000,000 | Listing Agents: Shanae M Reece & Trey Burgess | Keller Williams Peachtree Road
REQUEST FINANCIAL & RENT ROLL INFORMATION
Prefer to reach out directly? Email me at shanae@kw.com
LOCATION & MARKET OVERVIEW
Covington, GA. A thriving film and tourism hub just 40 minutes east of Atlanta has become one of Metro Atlanta’s most consistent rental markets.
With employment anchors in healthcare, education, and film production, rental demand remains strong year-round. Historic charm, walkability, and steady population growth drive long-term appreciation and stable cash flow for investors.
Metrics at a Glance
Asking Price
$2,000,000 USD
Units
11
(Seven 2 BR / 1 BA + Four 3 BR / 2 BA)
Year Built / Renovated
Monthly Gross Income
$15,485 USD
1972 / 2023–2025
0.93 acres (across 3 brick buildings)
Lot Size
Zoning
Residential Multifamily
Neighborhood Highlights
Nestled in the heart of Historic Covington, Thompson Avenue Townhomes offers a front-row seat to one of Georgia’s most beloved communities. Known as the “Hollywood of the South,” Covington’s vibrant town square has served as the backdrop for dozens of film and television productions, including The Vampire Diaries and Sweet Magnolias. Beyond its cinematic charm, residents enjoy a walkable lifestyle surrounded by boutique shops, local restaurants, and scenic trails. The property is just a 4-minute walk to the Cricket Frog Trail and City Park, and a 5-minute stroll to Covington Square making it attractive for tenants who value both convenience and connection.
“Listing courtesy of Keller Williams Peachtree Road / KW Commercial Peachtree Road.
Do not disturb tenants.”
Ready to explore a stable, income-producing portfolio in Historic Covington?
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