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  • $3,950,000

    1860 S Columbia Pl, Decatur, GA 30032

    --beds
    --baths
    --sqft
    : 
    $28,868/mo
    Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    8 days
    89
    4

    Zillow last checked:

    Listing updated:

    Listed by:

    Patrick Peyer 404-564-5560,

    Keller Williams Realty

    Source: GAMLS,MLS#: 10845636MLS Logo

      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Features
      • Basement: None
      • Has fireplace: No

      Property

      Parking
      • Parking features: Carport
      • Has carport: Yes
      Features
      • Levels: One
      • Stories: 1
      • Body of water: None
      Lot
      • Size: 6,534 Square Feet
      Details
      • Parcel number: 15 167 04 021
      • Special conditions: Investor Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Other
      Condition
      • Resale
      • New construction: No
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Other

      Community & HOA

      Community
      • Features: None
      • Subdivision: Belvedere
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Decatur

      Financial & listing details

      • Tax assessed value: $144,100
      • Annual tax amount: $3,635
      • Date on market: 9/11/2026
      • Cumulative days on market: 8 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: 1031 Exchange,Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,596/mo

        Price history

        DateEventPrice
        9/11/2026Listed for sale$3,950,000+13520.7%
        Source: FMLS GA #7836741 Report a problem
        3/14/2014Listing removed$29,000+45.3%
        Source: RE/MAX Around Atlanta #5023174 Report a problem
        2/4/2014Sold$19,957-31.2%
        Source: Public Record Report a problem
        6/30/2012Pending sale$29,000
        Source: RE/MAX Around Atlanta #5023174 Report a problem
        5/27/2012Price change$29,000-25.6%
        Source: RE/MAX Around Atlanta #3235259 Report a problem
        5/24/2012Listed for sale$39,000-58%
        Source: RE/MAX Around Atlanta #5023174 Report a problem
        6/12/2011Listing removed$795
        Source: Rentbits Report a problem
        5/18/2011Listed for rent$795
        Source: Rentbits Report a problem
        6/20/2007Sold$92,800+6.7%
        Source: Public Record Report a problem
        3/2/2007Sold$87,000-41.2%
        Source: Public Record Report a problem
        11/30/2004Sold$148,000+60%
        Source: Public Record Report a problem
        10/12/2004Sold$92,500+8.6%
        Source: Public Record Report a problem
        5/26/2004Sold$85,200-41.2%
        Source: Public Record Report a problem
        12/19/2003Sold$145,000+55.9%
        Source: Public Record Report a problem
        8/7/2003Sold$93,000+38.8%
        Source: Public Record Report a problem
        8/31/1998Sold$67,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,999 +0.2%$57,640
        2024$2,992 +25.2%$57,640 +27.6%
        2023$2,390 -1.7%$45,160
        2022$2,432 +3.7%$45,160
        2021$2,346 +60.9%$45,160 +81.2%
        2020$1,458 $24,920
        2019$1,458 -0.2%$24,920
        2018$1,460 +25.6%$24,920 +37.5%
        2017$1,163 -0.2%$18,120
        2016$1,165 $18,120 +22.1%
        2014$1,165 $14,840
        2013-- $14,840 +112%
        2012-- $7,000 -19.4%
        2011-- $8,688 -69.8%
        2010$1,517 -2.4%$28,760
        2009$1,554 -13.4%$28,760 -22.7%
        2008$1,794 +0.2%$37,200
        2007$1,791 $37,200
        2006$1,791 +1.1%$37,200
        2005$1,771 +3.6%$37,200 +1.4%
        2004$1,708 +186.1%$36,680 +26.1%
        2003$597 +9.3%$29,080
        2002$546 +192.6%$29,080 +31.2%
        2001$187 $22,160
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Candler-Mcafee

        Getting around

        64 / 100
        Somewhat Walkable
        39 / 100
        Some Transit
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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