21 working-class rental houses on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,219/month $25,600/month gross and climbing at each turn over 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
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
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.
FMLS #5023174
Mar 13, 2014
Listing Removed
—
May 25, 2012
Price Changed
$29,000
May 23, 2012
Listed
$39,000
GAMLS #3235259
May 22, 2013
Listing Removed
—
Jun 29, 2012
Contingent
—
May 25, 2012
Price Changed
$29,000
May 23, 2012
Listed
$39,000
Public Records
Jun 25, 2007
Sold
$82,500
Public Records
Jun 20, 2007
Sold
$92,800
Public Records
Oct 12, 2004
Sold
$92,500
Public Records
Dec 19, 2003
Sold
$145,000
Public Records
Aug 7, 2003
Sold
$93,000
Public Records
Aug 31, 1998
Sold
$67,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,999 (+22.5%)
$8,000 + $49,640
$57,640
2024
$2,447 (+2.4%)
$8,000 + $49,640
$57,640
2023
$2,390 (−1.7%)
$8,000 + $49,640
$57,640
2022
$2,432 (+66.8%)
$8,000 + $37,160
$45,160
2021
$1,458
$8,000 + $37,160
$45,160
2019
$1,458 (−0.2%)
$3,489 + $21,431
$24,920
2018
$1,460 (+25.6%)
$3,560 + $21,360
$24,920
2017
$1,163
$3,560 + $21,360
$24,920
2016
$1,164 (+12.4%)
$3,560 + $14,560
$18,120
2014
$1,036
$3,560 + $15,440
$19,000
2013
$1,037 (+52.1%)
$3,560 + $11,280
$14,840
2012
$682 (−9.1%)
$3,560 + $3,440
$7,000
2011
$750 (−50.6%)
$3,640 + $5,048
$8,688
2010
$1,517 (−15.5%)
$9,339 + $19,421
$28,760
2008
$1,794
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.29 Acres
Year renovated
1993
Finished Sq. Ft.
1,128
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,128
Year built
1954
Style
Single Family Residential
County
DeKalb County
APN
15 167 04 021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-75
Residential Medium Lot-75 District
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...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 104° expected this year, 17 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Decatur, GA • 30032
Average low and high temperatures (°F)
51
33
61
40
71
48
78
56
79
62
86
69
90
74
84
69
84
65
75
55
67
48
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Decatur. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1860 S Columbia Pl
There isn’t enough information to generate an accurate estimate at this time. Learn More