Income-producing duplex in Stone Mountain! Each side offers 2 bedrooms and 2 full bathrooms, creating a functional layout that appeals to a wide range of tenants. Operated under a co-living model, this property has generated up to $3,000-$4,000 in monthly income. The duplex is fully furnished and professionally managed, with management available to seamlessly transfer to the new owner, making this a truly turnkey investment opportunity. Both units feature brand-new HVAC systems, and additional square footage provides the potential to create space for another resident, further increasing future returns. Conveniently located near I-285, Hwy 78, Stone Mountain Park, and Stone Mountain Village with shops and restaurants, the property combines strong return potential and long-term growth...an ideal addition to any investor's portfolio
Closed
$306,500
5381 Ridgemere Ct, Stone Mountain, GA 30083
--beds
--baths
--sqft
Multi Family, Duplex
Built in 1986
-- sqft lot
$286,500 Zestimate®
$--/sqft
$1,498 Estimated rent
Home value
$286,500
$244,000 - $327,000
$1,498/mo
Zestimate® history
Owner options
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$1,498/mo
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$1,498/mo
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$1,913/mo
Est. payment
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$1,913/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Sara Cowley 404-372-6862,
Keller Knapp, Inc
Bought with:
Derek Leman, 376595
3 Options Realty, LLC
Source: GAMLS,MLS#: 10587331
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Features
- Basement: None
- Number of fireplaces: 2
Property
Parking
- Total spaces: 4
- Parking features: Off Street
Features
- Levels: One
- Stories: 1
- Body of water: None
Lot
- Size: 9,147 Square Feet
Details
- Parcel number: 18 037 18 106
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Brick
Condition
- Resale
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Features: None
- Subdivision: Ridgemere
HOA
- Has HOA: No
- Services included: None
Location
- Region: Stone Mountain
Financial & listing details
- Tax assessed value: $280,600
- Annual tax amount: $5,953
- Date on market: 8/19/2025
- Cumulative days on market: 79 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2025 | Sold | $306,500-5.7% |
Source:  GAMLS #10587331 Report a problem | ||
| 11/6/2025 | Pending sale | $325,000 |
Source: GAMLS #10587331 Report a problem | ||
| 10/21/2025 | Price change | $325,000-3% |
Source: GAMLS #10587331 Report a problem | ||
| 8/19/2025 | Listed for sale | $335,000-1.5% |
Source:  FMLS GA #7635134 Report a problem | ||
| 11/8/2023 | Listing removed | $340,000 |
Source: FMLS GA #7280817 Report a problem | ||
| 9/28/2023 | Listed for sale | $340,000+7.9% |
Source: FMLS GA #7280817 Report a problem | ||
| 5/30/2023 | Sold | $315,000 |
Source: Public Record Report a problem | ||
| 4/24/2023 | Pending sale | $315,000 |
Source: GAMLS #10145454 Report a problem | ||
| 4/24/2023 | Price change | $315,000+5.4% |
Source: GAMLS #10145454 Report a problem | ||
| 4/10/2023 | Pending sale | $299,000 |
Source: GAMLS #10145454 Report a problem | ||
| 4/3/2023 | Listed for sale | $299,000+20.1% |
Source: FMLS GA #7197563 Report a problem | ||
| 10/31/2022 | Listed for rent | $1,295+3.6% |
Source: Zillow Rental Network_1 #20083563 Report a problem | ||
| 4/25/2022 | Sold | $249,000+32.4% |
Source: Public Record Report a problem | ||
| 4/23/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/4/2022 | Price change | $1,250+4.2% |
Source: Zillow Rental Network Premium Report a problem | ||
| 3/1/2022 | Listed for rent | $1,200 |
Source: Zillow Rental Network Premium Report a problem | ||
| 10/21/2019 | Sold | $188,000+135% |
Source: Public Record Report a problem | ||
| 7/6/2017 | Listing removed | -- |
Source: Hudson & Marshall Report a problem | ||
| 6/7/2017 | Listed for sale | -- |
Source: Hudson & Marshall Report a problem | ||
| 10/13/2014 | Sold | $80,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,284 +5.5% | $112,240 +4% |
| 2024 | $5,953 +9.5% | $107,920 +8.4% |
| 2023 | $5,439 +0.5% | $99,600 +2% |
| 2022 | $5,413 +25.3% | $97,600 +30.1% |
| 2021 | $4,321 -10.2% | $75,040 -0.2% |
| 2020 | $4,810 +75.2% | $75,200 +35.9% |
| 2019 | $2,745 +36.8% | $55,320 +37.9% |
| 2018 | $2,007 +6.2% | $40,120 +8.7% |
| 2017 | $1,890 +20.1% | $36,920 +23.2% |
| 2016 | $1,574 | $29,960 +108.6% |
| 2014 | $1,574 | $14,360 |
| 2013 | -- | $14,360 -28.2% |
| 2012 | -- | $20,000 |
| 2011 | -- | $20,000 -50.2% |
| 2010 | $2,292 -4.9% | $40,128 -20% |
| 2009 | $2,410 -23.9% | $50,160 -15.2% |
| 2008 | $3,166 -0.9% | $59,120 |
| 2007 | $3,194 | $59,120 |
| 2006 | $3,194 +7.2% | $59,120 +3.1% |
| 2005 | $2,981 +15.8% | $57,360 +19.6% |
| 2004 | $2,574 +0.2% | $47,960 |
| 2003 | $2,569 -0.5% | $47,960 |
| 2002 | $2,582 +91.1% | $47,960 +7.6% |
| 2001 | $1,351 | $44,560 |
Find assessor info on the county website
Neighborhood: 30083
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Nearby schools
GreatSchools rating
- 4/10Stone Mountain Elementary SchoolGrades: PK-5Distance: 1.3 mi
- 4/10Stone Mountain Middle SchoolGrades: 6-8Distance: 3.6 mi
- 2/10Stone Mountain High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Stone Mountain
- Middle: Stone Mountain
- High: Stone Mountain
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$286,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$286,500
- Georgia
- Dekalb County
- Stone Mountain
- 30083
- 5381 Ridgemere Ct
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