Price improvement! Fully occupied 4-unit multifamily property in Decatur with all 2BR/1BA units and current in-place rents totaling $4,965/month, or $59,580 annualized. June and July rent have both been collected at the current rent roll, supporting the property’s current stabilized income position. The property is located in an established rental area near shopping ( new Publix Coming), transit, and major roadways, offering immediate income with additional upside potential. Two units have been updated, including one unit fully renovated in 2024 with updated finishes, granite countertops, and stainless steel appliances. The remaining units offer additional upside through future cosmetic updates and rent growth. Each unit features a functional 2-bedroom, 1-bathroom layout with strong rental appeal. The property has four separate electric meters, with tenants paying electric, and one water meter currently handled through a flat billing structure. Regular HOA dues are approximately $280/month and include landscaping, trash, street lights, and road maintenance. Buyer-facing financials are available upon request. Please do not disturb tenants.
Multi-familyProperty Type
1961Year Built
3,863 sq ftLot Size
Listed by Lynae Mamey• Keller Williams Realty Peachtree Rd.
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
Living
Interior features
Ceiling fan(s)
Central air
Bedrooms
Four 2-bedroom units (each unit has 2 bedrooms)
Bathrooms
Four 1-bath units (each unit has 1 bathroom)
Heating & cooling
Central heating
Central air conditioning
Exterior features
Paved parking lot
Sidewalks
Street lights
Near public transport
Near schools
Near shopping
Home design
Two-level building
Brick 4 sides construction
Shingle roof
Parking
Paved parking lot
Construction
Brick exterior
Shingle roof
Resale condition
Utilities
Public water
Public sewer
Electricity available
Cable available
HOA & community
Homeowners association
Financial info
4 total units
Unit rents reported: three units at $1,260, one at $1,150, one at $1,295 (tenant-occupied)
Deposits reported similar to rent amounts
Trash, water, and maintenance included in some units; electric and gas not included
Other
Tenant-occupied units
Electricity and solar
View estimated energy costs and solar savings for this home
Come check out this great quadraplex property. Each unit offers 2 bedrooms and 1 bathroom. Unit 4 is tenant occupied with a valid lease through 07/07/2024. This is an exceptional opportunity, whether you're a first-time homebuyer looking to nest in one unit and lease out the others, or an investor looking for ROI. Don't let this opportunity slip through your fingers and miss out on the chance to generate rental income!
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
15 184 19 014
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 18, 2023.
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...