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.
Active
$3,950,000
1860 S Columbia Pl, Decatur, GA 30032
--beds
--baths
--sqft
Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 8 days
- 89
- 4
Zillow last checked:
Listing updated:
Listed by:
Patrick Peyer 404-564-5560,
Keller Williams Realty
Source: GAMLS,MLS#: 10845636
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
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $3,950,000+13520.7% |
Source: | ||
| 3/14/2014 | Listing removed | $29,000+45.3% |
Source: RE/MAX Around Atlanta #5023174 Report a problem | ||
| 2/4/2014 | Sold | $19,957-31.2% |
Source: Public Record Report a problem | ||
| 6/30/2012 | Pending sale | $29,000 |
Source: RE/MAX Around Atlanta #5023174 Report a problem | ||
| 5/27/2012 | Price change | $29,000-25.6% |
Source: RE/MAX Around Atlanta #3235259 Report a problem | ||
| 5/24/2012 | Listed for sale | $39,000-58% |
Source: RE/MAX Around Atlanta #5023174 Report a problem | ||
| 6/12/2011 | Listing removed | $795 |
Source: Rentbits Report a problem | ||
| 5/18/2011 | Listed for rent | $795 |
Source: Rentbits Report a problem | ||
| 6/20/2007 | Sold | $92,800+6.7% |
Source: Public Record Report a problem | ||
| 3/2/2007 | Sold | $87,000-41.2% |
Source: Public Record Report a problem | ||
| 11/30/2004 | Sold | $148,000+60% |
Source: Public Record Report a problem | ||
| 10/12/2004 | Sold | $92,500+8.6% |
Source: Public Record Report a problem | ||
| 5/26/2004 | Sold | $85,200-41.2% |
Source: Public Record Report a problem | ||
| 12/19/2003 | Sold | $145,000+55.9% |
Source: Public Record Report a problem | ||
| 8/7/2003 | Sold | $93,000+38.8% |
Source: Public Record Report a problem | ||
| 8/31/1998 | Sold | $67,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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