Active

1627 Line Circle

Decatur, GA 30032

$539,000 $2,272/Mo

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Overview

Bed

Bath

0.09

Acre(Lot)

Description

Strong investment opportunity in Decatur with this well-maintained 4-unit multifamily property located in an established area near shopping and transit with consistent rental demand. Offering immediate income with additional upside potential, this property is well-positioned for both new and experienced investors. All units are currently occupied with stable rental history. Two units have been updated, including one unit fully renovated in 2024, featuring granite countertops and stainless steel appliances. The remaining two units offer additional upside potential through cosmetic updates and future rent growth. Each unit features a functional 2 bedroom, 1 bathroom layout with strong rental appeal. The property includes separate electric meters for each unit and a single water meter that is currently flat billed. Current in-place rents total $4,965 per month. Stabilized rental income is projected at approximately $5,200–$5,600 per month based on market rents. With a combination of stable in-place income and future upside potential, this property is a strong addition to any investment portfolio

Property Details

Property Type : Residential Income

Price : $539,000

AD Id : 79124635

MLS Id : 7763237

Lot Size : 0.09 Acre

Year Built : 1961

County : Dekalb

Subdivision: Belvedere Park

Map

What's Nearby

Nearby Areas

Features

Roofing Information

Shingle
Interior Features

Roof: Shingle
Heating & Cooling

Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Ceiling Fan(s), Central Air

Building Information

Year Built: 1961 Private Pool: No View: Trees/Woods

Lot Information

Lot Dimensions: x Lot Size Acres: 0.0887 Lot Size Source: Public Records Lot Description: Sloped

Property Information

Subdivision: Belvedere Park Source Property Type: Residential Income Postal Code Plus 4: 3365 Property SubType: Quadruplex Levels: Two Property Age: 65

Listing Price Information

Listing Price: $539000 Cash, Conventional

Tax Information

Parcel Number: 15 184 19 014 Tax Year: 2025 Annual Tax: $6860 Tax Legal Desc: ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 184 OF THE 15TH DISTRICT, DEKALB COUNTY, GEORGIA, BEING LOT 14, BELVEDERE PARK APARTMENTS SUBDIVISION, UNIT 1627, AS PER PLAT RECORDED IN PLAT BOOK 74, PAGE 66, DEKALB COUNTY, GEORGIA RECORDS.

Parking Information

Parking Lot, Paved

School Information

Elementary School: Peachcrest

Junior High School: Mary McLeod Bethune

Senior High School: Towers
Utility Information

Cable Available, Electricity Available, Sewer Available, Water Available
Location Information

Direction: USE GPS WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
3699 Larkspur Terrace, Decatur, GA, 30032	$384,900	--	--	--
1485 Janmar Drive, Decatur, GA, 30032	$495,000	--	--	--
2095 Whites Mill Road, Decatur, GA, 30032	$389,900	--	--	--

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ByOwner last updated this listing 06/05/2026 @ 14:58

MLS: 7763237 LISTED BY: Lynae Mamey, Keller Williams Realty Peachtree Rd. 404-419-3500 SOURCE: First Multiple Listing Service (FMLS)