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.
Contact: 404-419-3500
Bought with Ashley Griffin• Century 21 Connect Realty
Source:FMLS #7763237
Redfin Estimate
$496,071
$6,071 since sold in September 2026$13K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 0.6% lower than the average sale price ($499K) of 6 comparable homes.
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
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
15 184 19 014
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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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
Property details
Parking
Parking Information
Parking Features: Parking Lot, Paved
Interior
Virtual Tour
Unit 1 Information
# of Beds Total: 2
# of Baths Total: 1
Actual Rent: $1,260
Deposit Amount: $1,260
Occupant Information: Tenant Occupies
Electric Included: No
Garbage Included: Yes
Gas Included: No
Water Included: Yes
Maintenance Included: Yes
Unit 2 Information
# of Beds Total: 2
# of Baths Total: 1
Actual Rent: $1,260
Deposit Amount: $1,260
Occupant Information: Tenant Occupies
Electric Included: No
Garbage Included: Yes
Gas Included: No
Water Included: Yes
Maintenance Included: Yes
Unit 3 Information
# of Beds Total: 2
# of Baths Total: 1
Actual Rent: $1,150
Deposit Amount: $1,500
Occupant Information: Tenant Occupies
Electric Included: No
Garbage Included: Yes
Gas Included: No
Water Included: Yes
Maintenance Included: Yes
Unit 4 Information
# of Beds Total: 2
# of Baths Total: 1
Actual Rent: $1,295
Deposit Amount: $1,295
Occupant Information: Tenant Occupies
Electric Included: No
Garbage Included: Yes
Gas Included: No
Maintenance Included: Yes
Water Included: Yes
Multi-Family Information
# Of Units Total: 4
Exterior
Property Information
Levels: Two
Construction Materials: Brick 4 Sides
Roof: Shingle
Property Condition: Resale
Lot Information
Waterfrontage Length: 0
TaxLegalDescription: 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.
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Ceiling Fan(s), Central Air
Heating: Central
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Location
School Information
Elementary School: Peachcrest
Middle Or Junior School: Mary McLeod Bethune
High School: Towers
Location Information
Directions: USE GPS
Dekalb - GA
Community Information
Community Features: Homeowners Assoc, Near Public Transport, Near Schools, Near Shopping, Sidewalks, Street Lights, Other
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: DeKalb County
APN: 15 184 19 014
Home facts updated by county records on Oct 18, 2023
Around this home
Schools
Peachcrest Elementary School
Public PreK-5 • Assigned • 1.9mi
2/10
Mary Mcleod Bethune Middle School
Public 6-8 • Assigned • 4.5mi
2/10
Towers High School
Public 9-12 • Assigned • 2.4mi
1/10
Provided by GreatSchools
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...