21 working-class rental units on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,216/month — $25,550/month gross — against a market rate average of $1,582. That gap is intentional. There are many long term tenants and every unit that turns has potential to be a profitable flip, cosmetic renovation and rent bump or just re-lease at the same price. The 30032 zip code sits on I-20 and near I285 with direct access to Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson. The Avondale MARTA station is nearby. These are practical amenities that keep working-class renters in place. The corridor is moving. Belvedere Plaza at Memorial Drive and Columbia Drive just landed a $24.3 million redevelopment backed by a $3 million Decide DeKalb grant — four national retailers and a full-service grocery anchor coming in 2027. DeKalb County's long-range plan calls for mixed-use and multifamily density along Memorial Drive. That's not speculation. That's a unanimous board vote and a developer writing a real check. Publix is opening a second store on Glenwood close to these properties. The play is straightforward. Collect $25,550/month while you hold. Renovate as units turn. Re-lease at market rate. A fully repositioned portfolio at $1,582/month gross clears over $33,200/month. Or flip individual renovated units as retail sales. Working-class housing. Below-market rents. I-20 access. A corridor with institutional money coming in behind it.
Multi-familyProperty Type
1950Year Built
6,534 sq ftLot Size
Listed by PATRICK PEYER• Keller Williams Realty Metro Atlanta
Glenwood Hills, located between Glenwood Road and Columbia Drive, is a residential and wooded Candler-McAfee neighborhood with mid-century ranch homes and rolling, tree-lined streets. The neighborhood’s character concentrates around the Glenwood Rd–Columbia Dr corridor, where small storefronts, takeout counters, and everyday services set a practical, lived-in rhythm. Community touchstones include the East Lake Family YMCA, the East Lake Golf Club, and the 20th-century galleries at the Michael C. Carlos Museum. Homes tend toward brick, low-slung profiles with deep setbacks and generous yards. Green space and trails nearby shape an outdoors-forward routine. The setting reads suburban in texture while staying closely tied to Decatur and East Lake.
Provided by Walk Score and Local Logic
Market insights
1860 S Columbia Pl · $3,950,000
DAYS ON MARKET
1 days
The average home goes pending in 44 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
LIST PRICE
$3,950,000
Median sale price in this area is $358,075. (91% lower than this home)
PRICE DROP
0 price drops
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Hardwood floors
Smoke alarm
Bedrooms
3 bedrooms
Bathrooms
1 bathroom
Kitchen
Refrigerator
Laundry & utility
Maintenance included for unit
Flooring
Hardwood
Heating & cooling
Central heating
Central air
Exterior features
Deck
Home design
One level
Resale property
Parking
Carport
Driveway
Open parking available
Security
Smoke alarm
Construction
Composition roof
Other construction materials
Utilities
Public water
Public sewer
Electricity available
Natural gas available
Sewer available
Financial info
21 total units (multi-family)
Unit 1 actual rent $1,345
Deposit for unit 1 $1,345
Unit 1 available in 3–6 months
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose and intent of the board of commissioners in establishing the R-75 (Residential Medium Lot-75) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of ten thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-75 (Residential Medium Lot-75) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
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...