7.19% cap rate at the current asking price. HIGHEST & BEST REQUESTED BY 8/15/2026 | NO SHOWINGS WITHOUT UPDATED POF FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY established in Belvedere Park! All four units are 2BR/1BA and currently produce $4,745/month / $56,940 annually in gross rents. Seller-reported stabilized NOI is approximately $36,869, offering an attractive 7.19% cap. All units were fully updated as of March 2024, including HVAC, electrical, plumbing, flooring, appliances, lighting, and interior finishes. Each unit features an eat-in kitchen, laundry closet and functional 2BR/1BA layout. Electricity is individually metered through Georgia Power; water/sewer is on one master line with flat billing. HOA is approximately $280/month for the entire 4-unit building — not per unit. Interior foyer provides private access to all units, with covered rear patio space for the lower-level residences. Convenient to shopping, restaurants, public transportation, Downtown Decatur and surrounding redevelopment. Turnkey, income-producing asset with immediate cash flow and long-term upside. **Rent roll and seller-reported NOI available. Please do not disturb tenants.** Closing Atty: Heritage Closing Firm "THIS PROPERTY IS PURCHASED AS IS"
Multi-familyProperty Type
1961Year Built
3,863 sq ftLot Size
Listed by Danielle Moore• Real Time Realty Of Georgia, LLC.
White Oak Hills, located between Memorial Drive and Columbia Drive, is a residential and suburban Belvedere Park neighborhood with mid-century ranch homes and leafy, curving streets. The neighborhood’s pulse concentrates around the Memorial Drive and Columbia Drive corridor, where small storefronts, takeout counters, and service shops set a practical, lived-in tone. Shoals Sound & Service and the 57th Fighter Group Restaurant anchor local outings with music-minded browsing and aviation-themed dining. Sidewalk-light blocks and deep lots shape a quiet, car-friendly rhythm. Nearby greenspace and recreation facilities add room for a walk, a pickup game, or an afternoon reset.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Interior features
Aluminum frame windows
Bedrooms
Four separate 2-bedroom units (each unit has 2 bedrooms)
Great investment opportunity with potential for rental income!! Some repairs necessary to make move-in ready. Convenient to interstates. See private remarks to submit offer.
Public Records
Aug 18, 2006
Sold
$260,000
Public Records
Nov 9, 2005
Sold
$180,000
Public Records
Feb 17, 2004
Sold
$257,000
Public Records
Jul 5, 2002
Sold
$76,300
Public Records
Jan 14, 2000
Sold
$190,000
Public Records
Feb 18, 1998
Sold
$105,500
Public Records
Feb 18, 1998
Sold
$165,000
Year
Property tax
Land + Additions
Assessment*
2025
$6,343 (+0.2%)
$12,640 + $127,360
$140,000
2024
$6,333 (+0.2%)
$12,640 + $127,360
$140,000
2023
$6,323 (+22.2%)
$12,640 + $127,360
$140,000
2022
$5,173
$13,100 + $102,580
$115,680
2021
$5,173 (+43.4%)
$13,100 + $102,580
$115,680
2020
$3,607
$13,100 + $102,580
$115,680
2019
$3,607 (−4.9%)
$13,100 + $66,900
$80,000
2018
$3,791 (+2.1%)
$13,100 + $66,900
$80,000
2017
$3,711
$13,100 + $66,900
$80,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
3,864 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,864
Year built
1961
Style
Multi-Family (5+ Unit)
County
DeKalb County
APN
15 184 19 019
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
MR-2
Medium Density Residential-2 District
The purpose and intent of the board of commissioners in establishing the MR-2 (Medium Density Residential-2) District is as follows: To encourage primarily residential, planned developments that allow accessory retail, office, institutional, and civic uses; To provide for residential neighborhoods with a mix of single-family and multi-family housing types that maintain harmony of scale, intensity, and design with surrounding development; To provide for connectivity of streets and communities and reduce the dependence on automobile uses by increasing the ease of movement and opportunities for alternative modes of travel; To implement the future development map of the county's most current comprehensive plan; To provide districts that allow appropriate development transitions within the edges and transitional areas of the Town Center and Regional Center character areas.
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Mixed use
Library
Museum / gallery
Communications tower
Local insights from Redfin agents
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...