1860 S Columbia Place, Decatur, GA 30032
Local realty services provided by:CENTURY 21 NUWAY REALTY
1860 S Columbia Place,Decatur, GA 30032
$3,950,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: patrick peyer
Office: keller williams realty
MLS#:10845636
Source:METROMLS
Price summary
- Price:$3,950,000
About this home
21 working-class rental units on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,216/month - $25,550/month gross - against a market rate average of $1,582. That gap is intentional. There are many long term tenants and every unit that turns has potential to be a profitable flip, cosmetic renovation and rent bump or just re-lease at the same price. The 30032 zip code sits on I-20 and near I285 with direct access to Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson. The Avondale MARTA station is nearby. These are practical amenities that keep working-class renters in place. The corridor is moving. Belvedere Plaza at Memorial Drive and Columbia Drive just landed a $24.3 million redevelopment backed by a $3 million Decide DeKalb grant - four national retailers and a full-service grocery anchor coming in 2027. DeKalb County's long-range plan calls for mixed-use and multifamily density along Memorial Drive. That's not speculation. That's a unanimous board vote and a developer writing a real check. Publix is opening a second store on Glenwood close to these properties. The play is straightforward. Collect $25,550/month while you hold. Renovate as units turn. Re-lease at market rate. A fully repositioned portfolio at $1,582/month gross clears over $33,200/month. Or flip individual renovated units as retail sales. Working-class housing. Below-market rents. I-20 access. A corridor with institutional money coming in behind it....
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Home facts
- Year built:1950
- Subdivision & Development:Belvedere
- Listing ID #:10845636
- Updated:November 01, 2026 at 04:08 PM
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1950
- Lot area:0.15 Acres
- Levels:1 Story
Schools
- High school:Other
- Middle school:Other
- Elementary school:Other
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$3,950,000
- Tax amount:$3,635 (2026)
Parking
- Parking description:Carport
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