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1860 S Columbia Place

Decatur, GA 30032
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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 redevel opment 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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Detail Ic Property Details

Property Type : Residential Income

Price : $3,950,000

AD Id : 91183479

MLS Id : 7836741

Lot Size : 0.15 Acre

Tax Amount : 3635.00

Year Built : 1950

County : Dekalb

Subdivision: Belvedere

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Map

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Feature Features

  • Flooring Information

    Hardwood
  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1950 Construction Materials: Other Private Pool: No View: Other

  • Lot Information

    Lot Dimensions: 50x150 Lot Size Acres: 0.15 Lot Size Source: See Remarks Lot Description: Other

    Property Information

    Subdivision: Belvedere Source Property Type: Residential Income Levels: One Property Age: 76

  • Listing Price Information

    Listing Price: $3950000 1031 Exchange, Cash

  • Tax Information

    Tax Year: 2026 Annual Tax: $3635 Tax Legal Desc: various

  • Parking Information

    Carport, Driveway

  • School Information

    Elementary School: Dekalb - Other
    Junior High School: Dekalb - Other
    Senior High School: Dekalb - Other
  • Utility Information

    Electricity Available, Natural Gas Available, Sewer Available
  • Location Information

    Direction: GPS Friendly WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3846 Easterwood Court, Decatur, GA, 30032 $320,000 3 2 1,511 0.44 Acre
3872 Easterwood Court, Decatur, GA, 30032 $205,480 3 2 1,248 0.47 Acre
1760 Danrich Drive, Decatur, GA, 30032 $248,000 4 3 1,813 0.42 Acre
1760 Danrich Drive, Decatur, GA, 30032 $248,000 4 3 1,813 0.42 Acre
2099 Easterwood Terrace, Decatur, GA, 30032 $390,000 3 2 2,632 0.31 Acre
2099 Easterwood Terrace, Decatur, GA, 30032 $390,000 3 3 2,492 0.31 Acre
1770 Austin Drive, Decatur, GA, 30032 $375,000 4 3 2,000 0.50 Acre
3763 Elkridge Drive, Decatur, GA, 30032 $430,000 5 3 2,589 0.46 Acre
3763 Elkridge Drive, Decatur, GA, 30032 $435,000 5 4 1,836 0.46 Acre
3767 Greentree Drive, Decatur, GA, 30032 $309,500 3 2 1,948 0.32 Acre

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ByOwner last updated this listing 09/12/2026 @ 18:36

MLS: 7836741 LISTED BY: PATRICK PEYER, Keller Williams Realty Metro Atlanta 404-564-5560 SOURCE: First Multiple Listing Service (FMLS)

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