Investor opportunity in the heart of Decatur! This historic tri-plex offers three units with long term tenants already in place, providing immediate income potential for a turnkey investment. Future value can be had if a new owner develops some of the remaining lot into another residential unit. The property features two units in the main home plus a third unit above the detached two-car garage. A new roof and new upstairs heat pump add value and peace of mind, while original wood paneling and built-in bookshelves preserve the home's historic character. Situated on a double, corner lot with two driveways, a large backyard, three established garden plots, and a screened porch off the downstairs unit. Shared basement storage includes laundry and workshop space, with direct basement access for all units. Excellent location just two blocks from Glenwood Elementary, moments from the Avondale Estates Marta, downtown Decatur and approximately 1.3 miles from Agnes Scott College. A rare opportunity to own a multi-unit property in a highly convenient Decatur location
Decatur Heights, located between Downtown Decatur and Avondale Estates, is a residential and walkable North Decatur neighborhood with leafy streets and a mix of classic bungalows and mid-century ranches. The neighborhood’s character concentrates around the Decatur Square crossroads of N McDonough St and E Ponce de Leon Ave, where patios, indie storefronts, and gallery-style spaces set the pace. Community pillars include the DeKalb History Center, Eddie’s Attic, and the Decatur Arts Alliance. Sidewalks and pocket parks shape a daily rhythm that leans café-to-trail. Nearby PATH corridors and neighborhood streets support biking and dog walks. The landscape shifts from shaded blocks to the open greens of local parks and the square’s civic spaces.
Provided by Walk Score and Local Logic
Offer insights
718 E Ponce De Leon Ave · $900,000
$911K and above
75% chance or better to win
Why $911K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 68 days.
SALE-TO-LIST
93.8%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Hardwood and other flooring
Bedrooms
Unit 1: 2 bedrooms
Unit 2: 2 bedrooms
Unit 3: 1 bedroom
Bathrooms
Unit 1: 1 bathroom
Unit 2: 1 bathroom
Unit 3: 1 bathroom
Kitchen
Not listed
Laundry & utility
Maintenance included for all units
Electric, gas, water and garbage are included for each unit
Flooring
Hardwood
Other
Heating & cooling
Heat pump with natural gas
Central air
Ceiling fans
Exterior features
Near public transport, schools and sidewalks
Home design
Two levels
Resale property
Parking
Total of 4 parking spaces
Garage parking with configuration that varies by unit
Security
Not listed
Construction
Brick and vinyl siding exterior
Shingle roof
Utilities
Public water
Public sewer
Electricity available
Natural gas available
HOA & community
Community features include proximity to public transportation, schools and sidewalks
Financial info
Three-unit multifamily property
Unit 1 rent: $1,750 (deposit $1,650) — tenant occupies
Unit 2 rent: $2,250 (deposit $2,000) — tenant occupies
Unit 3 rent: $1,200 — tenant occupies
Other
Utilities and maintenance included in each unit
Electricity and solar
View estimated energy costs and solar savings for this home
Investor opportunity in the heart of Decatur! This historic tri-plex offers three units with long term tenants already in place, providing immediate income potential for a turnkey investment. Future value can be had if a new owner develops some of the remaining lot into another residential unit. The property features two units in the main home plus a third unit above the detached two-car garage. A new roof and new upstairs heat pump add value and peace of mind, while original wood paneling and built-in bookshelves preserve the home's historic character. Situated on a double, corner lot with two driveways, a large backyard, three established garden plots, and a screened porch off the downstairs unit. Shared basement storage includes laundry and workshop space, with direct basement access for all units. Excellent location just two blocks from Glenwood Elementary, moments from the Avondale Estates Marta, downtown Decatur and approximately 1.3 miles from Agnes Scott College. A rare opportunity to own a multi-unit property in a highly convenient Decatur location
RENTALBEAST #1
Sep 18, 2024
Rental Removed
$2,400
Sep 5, 2024
Listed for Rent
$2,400
Aug 23, 2024
Rental Removed
$2,400
Aug 21, 2024
Listed for Rent
$2,400
Public Records
Sep 25, 2020
Sold
$480,000
Public Records
Mar 21, 2017
Sold
$500,000
Public Records
Nov 3, 2006
Sold
$437,000
Year
Property tax
Land + Additions
Assessment*
2025
$15,752 (+0.5%)
$102,040 + $226,040
$328,080
2024
$15,680 (−14.2%)
$102,040 + $226,040
$328,080
2023
$18,274 (+55.2%)
$102,040 + $185,800
$287,840
2022
$11,775 (−41.4%)
$62,480 + $124,360
$186,840
2021
$20,088 (+61.0%)
$47,680 + $144,320
$192,000
2020
$12,477 (+5.9%)
$47,680 + $144,320
$192,000
2019
$11,786 (+8.1%)
$49,080 + $160,280
$209,360
2018
$10,906 (−12.0%)
$48,920 + $151,080
$200,000
2017
$12,397 (+122.4%)
$48,920 + $151,080
$200,000
2016
$5,574 (+0.5%)
$43,228 + $118,772
$162,000
2014
$5,549 (−6.7%)
$43,228 + $118,772
$162,000
2013
$5,951 (+190.8%)
$43,228 + $118,772
$162,000
2012
$2,046 (−67.8%)
$113,960 + $48,040
$162,000
2011
$6,363 (+225.0%)
$43,360 + $136,080
$179,440
2010
$1,958 (+1.9%)
$43,360 + $136,080
$179,440
2008
$1,922
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.31 Acres
Year renovated
1993
Finished Sq. Ft.
2,380
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,380
Year built
1932
Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
15 247 05 021
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-60
Single-Family Residential District
The purpose of this district is to provide for single-family residential development with a minimum lot size of 9,000 sq ft with such public buildings, schools, places of worship, public recreational facilities and accessory uses as may be necessary or are normally compatible with such surroundings. The district is located to protect existing developments of this character.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Infrastructure
Educational/school
Fire house
Police station
Public service-Other
Recreation
Park & open space
Local insights from Redfin agents
Decatur has as walkable downtown, vibrant dining scene, located east of Atlanta. Decatur Square hosts year-round community festivals, farmers markets, and outdoor concerts. Known for Craftsman bungalows, Tudor revivals, mid-century modern homes and...
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