Income-producing duplex in Stone Mountain! Each side offers 2 bedrooms and 2 full bathrooms, creating a functional layout that appeals to a wide range of tenants. Operated under a co-living model, this property has generated up to $3,000–$4,000 in monthly income. The duplex is fully furnished and professionally managed, with management available to seamlessly transfer to the new owner, making this a truly turnkey investment opportunity. Both units feature brand-new HVAC systems, and additional square footage provides the potential to create space for another resident, further increasing future returns. Conveniently located near I-285, Hwy 78, Stone Mountain Park, and Stone Mountain Village with shops and restaurants, the property combines strong return potential and long-term growth…an ideal addition to any investor’s portfolio.
Multi-familyProperty Type
1986Year Built
9,147 sq ftLot Size
4 spacesParking
Listed by Sara Cowley• Knapp Realty
Bought with Derek Leman• 3 Options Realty, LLC.
Source:FMLS #7635134
Redfin Estimate
$345,054
$39K since sold in November 2025$3,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.1% higher than the average sale price ($314K) of 6 comparable homes.
Income-producing duplex in Stone Mountain! Each side offers 2 bedrooms and 2 full bathrooms, creating a functional layout that appeals to a wide range of tenants. Operated under a co-living model, this property has generated up to $3,000-$4,000 in monthly income. The duplex is fully furnished and professionally managed, with management available to seamlessly transfer to the new owner, making this a truly turnkey investment opportunity. Both units feature brand-new HVAC systems, and additional square footage provides the potential to create space for another resident, further increasing future returns. Conveniently located near I-285, Hwy 78, Stone Mountain Park, and Stone Mountain Village with shops and restaurants, the property combines strong return potential and long-term growth...an ideal addition to any investor's portfolio
ZUMPER1 #1
Jul 19, 2025
Rental Removed
$1,350
Jul 14, 2025
Listed for Rent
$1,350
GAMLS #10208106
Nov 8, 2023
Listing Removed
—
Sep 28, 2023
Listed
$340,000
FMLS #7197563
May 26, 2023
Sold
$315,000
Apr 10, 2023
Pending
—
Apr 8, 2023
Price Changed
$315,000
Apr 2, 2023
Listed
$299,000
GAMLS #10145454
May 26, 2023
Sold
$315,000
Apr 10, 2023
Pending
—
Apr 8, 2023
Price Changed
$315,000
Apr 2, 2023
Listed
$299,000
Public Records
Apr 25, 2022
Sold
$249,000
Public Records
Oct 24, 2019
Sold
$188,000
Public Records
Oct 22, 2014
Sold
$80,000
FMLS #5277101
Oct 17, 2014
Price Changed
$80,000
Oct 17, 2014
Listing Removed
—
Oct 14, 2014
Sold
$80,000
Oct 14, 2014
Price Changed
$89,900
Jul 18, 2014
Pending
—
Apr 16, 2014
Listed
$89,900
GAMLS #7253741
Oct 30, 2014
Price Changed
$80,000
Oct 13, 2014
Sold
$80,000
Jul 13, 2014
Pending
—
Jul 13, 2014
Price Changed
$89,900
Apr 16, 2014
Listed
$89,900
Public Records
Feb 16, 1990
Sold
$627,100
Year
Property tax
Land + Additions
Assessment*
2025
$6,284 (+5.5%)
$26,000 + $86,240
$112,240
2024
$5,953 (+9.5%)
$26,000 + $86,240
$112,240
2023
$5,439 (+0.5%)
$26,000 + $81,920
$107,920
2022
$5,413 (+25.3%)
$12,800 + $84,800
$97,600
2021
$4,321 (−10.2%)
$12,800 + $62,240
$75,040
2020
$4,810 (+75.2%)
$12,800 + $62,240
$75,040
2019
$2,745 (+36.8%)
$12,800 + $42,520
$55,320
2018
$2,007 (+6.2%)
$8,480 + $31,640
$40,120
2017
$1,890 (+20.2%)
$8,480 + $31,640
$40,120
2016
$1,573 (+22.1%)
$8,480 + $21,480
$29,960
2014
$1,288 (−8.7%)
$8,480 + $21,280
$29,760
2013
$1,410 (−12.6%)
$8,480 + $5,880
$14,360
2012
$1,614 (+11.1%)
$8,560 + $11,440
$20,000
2011
$1,453 (−36.6%)
$6,000 + $14,000
$20,000
2010
$2,292 (−27.6%)
2008
$3,166
Tax history for 5381 Ridgemere Ct
Year
Property tax
Land + Additions
Assessment*
2025
$6,284 (+5.5%)
$26,000 + $86,240
$112,240
2024
$5,953 (+9.5%)
$26,000 + $86,240
$112,240
2023
$5,439 (+0.5%)
$26,000 + $81,920
$107,920
2022
$5,413 (+25.3%)
$12,800 + $84,800
$97,600
2021
$4,321 (−10.2%)
$12,800 + $62,240
$75,040
2020
$4,810 (+75.2%)
$12,800 + $62,240
$75,040
2019
$2,745 (+36.8%)
$12,800 + $42,520
$55,320
2018
$2,007 (+6.2%)
$8,480 + $31,640
$40,120
2017
$1,890 (+20.2%)
$8,480 + $31,640
$40,120
2016
$1,573 (+22.1%)
$8,480 + $21,480
$29,960
2014
$1,288 (−8.7%)
$8,480 + $21,280
$29,760
2013
$1,410 (−12.6%)
$8,480 + $5,880
$14,360
2012
$1,614 (+11.1%)
$8,560 + $11,440
$20,000
2011
$1,453 (−36.6%)
$6,000 + $14,000
$20,000
2010
$2,292 (−27.6%)
2008
$3,166
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
2003
Sq. Ft.
2,110
Year built
1986
Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
18 037 18 106
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-1
Single-Family Residential District
This district hereafter referred to as R-1 is created to establish a plan implementation zone that: Recognizes the existence of previously established low density residential districts in communities; Encourages clustering of development and provision of location, environmental and development amenities; Provides for low density residential development in cul-de-sac neighborhoods, community areas and the urban area; and Enhances the community's character through the promotion of high quality design; Uses are limited to single-family dwellings served by public sewers, some residentially related institutions, to certain incidental uses intended primarily to provide service to a dwelling or a residential neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Infrastructure
Educational/school
Recreation
Park & open space
Property details
Parking
Parking Information
# of Total Parking: 4
Parking Features: Driveway
Open Parking: Yes
Interior
Virtual Tour
Interior Features
Furnished: Furnished
Flooring: Carpet
Unit 1 Information
# of Beds Total: 2
# of Baths Total: 2
Actual Rent: $2,000
Occupant Information: Avail In 1-3 Mon
Features: Carpeting, Central Air, Dishwasher, Dryer, Fire Place, Furnished, Microwave, Patio, Range/Oven, Refrigerator, Smoke Alarm, Washer
Electric Included: Yes
Garbage Included: Yes
Gas Included: No
Water Included: Yes
Maintenance Included: Yes
Unit 2 Information
# of Beds Total: 2
# of Baths Total: 2
Actual Rent: $2,000
Occupant Information: Avail In 1-3 Mon
Features: Carpeting, Central Air, Dishwasher, Dryer, Fire Place, Furnished, Microwave, Patio, Range/Oven, Refrigerator, Smoke Alarm, Washer
Electric Included: Yes
Garbage Included: Yes
Gas Included: Yes
Water Included: Yes
Maintenance Included: Yes
Multi-Family Information
# Of Units Total: 2
Exterior
Property Information
Levels: One
Construction Materials: Brick 4 Sides
Roof: Composition
Property Condition: Resale
Lot Information
TaxLegalDescription: see docs
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Cooling: Central Air
Heating: Central
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Location
School Information
Elementary School: Stone Mountain
Middle Or Junior School: Stone Mountain
High School: Stone Mountain
Location Information
Directions: From Memorial Dr. take Ridge Ave to Ridgemere Ct
Dekalb - GA
Public facts
Beds: 4
Baths: 4.0
Sq. Ft.: 2,110
Stories: 1.0
Lot Size: 9,148 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1986
Year Renovated: 2003
County: DeKalb County
APN: 18 037 18 106
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Stone Mountain Elementary School
Public PreK-5 • Assigned • 1.3mi
4/10
Stone Mountain Middle School
Public 6-8 • Assigned • 3.6mi
4/10
Stone Mountain High School
Public 9-12 • Assigned • 2.1mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
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, 18 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
6/10 Air Factor
8 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Stone Mountain, GA • 30083
Average low and high temperatures (°F)
50
33
60
41
71
49
78
56
79
62
87
69
91
73
83
68
84
65
74
55
66
47
56
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.8 hours in December, which is comparable to the
U.S. average for solar exposure.
9.3 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$328,000 – $397,000
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Property information provided by GAMLS when last listed in 2022. This data may not match public records. Learn more.
Listing agent: Steve Kubon (4044196459)
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.