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.
Contact: 404-902-8935
Bought with Yanick Ramirez• Atlanta Communities
Source:FMLS #7775029
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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
—
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 Nov 5, 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.