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    4654 Hope Springs Rd Stone Mountain, GA 30083

    For Sale
    $374,900

    Multi Family, Bungalow, Cottage - Stone Mountain, GA

    Type:Multi Family
    Lot size:
    3.54 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 4654 Hope Springs Rd

    General Information

    Property type
    Land
    Property subtype
    Multi Family
    Standard status
    Active
    Zoning
    R100
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1
    Bedrooms
    1
    Bathrooms
    2
    APN
    15 226 11 010
    Lot size
    3.54 Acres

    Building Details

    Year built
    1952
    Floors in Building
    1
    Architectural style
    Bungalow

    Virtual Properties Realty Biz (770) 495-5050 [email protected]

    Listing agent GLORIA SMITH (770) 495-5050

    Listing date Nov 12, 2025

    MLS# 7518659 Listing URL

    Copyright © 2025 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stone Mountain Development Opportunity

    Located in Stone Mountain, Georgia, this 3.54-acre property presents opportunities for investors, builders, and developers. The site, zoned R100, is suited for an assisted living facility, townhomes, or single-family homes. DeKalb County density requirements allow for the construction of 12 or more townhomes, 8 single-family homes, or an assisted living facility. Previously utilized as a community center known as Mountain View Pool and Recreation Association, the property includes a main structure with a commercial kitchen, a cottage residence, and an outbuilding. Built in 1952 with additions around 1990, DeKalb County records indicate an effective year built of 1991. The property also features an unused tennis court, an Olympic-size pool, and a bathhouse that can be revitalized or razed. Permitted zoning includes R-60, RNC, MU-1, MU-2, MR-1, C-1, OI, OIT, NS, and RSM. R-60 zoning allows for approximately 18 units, with a minimum of 1200 square feet excluding the garage and porch, and a minimum 6,000 square foot lot per dwelling. A feasibility study for an assisted living facility is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    K&W Care Homes, LLC, Allgood Personal Care Home, Abba House II, Anointed Assisted Care

    Location Insight

    • Map
    • Local Demand
    City
    Stone Mountain
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.20451
    Latitude
    33.76783

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    FAQs

    What type of property is this?
    Assisted living facility - 3.54 acre lot suitable for various development projects.
    Where is this assisted living facility located?
    The property is located at 4654 Hope Springs Rd Stone Mountain, GA.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: - Prime location suitable for development: Potential for 12+ townhomes, 8 single-family homes, or an assisted living facility.; - Flexible zoning: R100 zoning with permitted uses including R-60, RNC, MU-1, MU-2, MR-1, C-1, OI, OIT, NS, RSM.; - Existing infrastructure: Includes a community center with a commercial kitchen, a cottage residence, and an outbuilding.
    (770) 495-5050
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    4654 Hope Springs Rd Stone Mountain, GA 30083
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4654 Hope Springs Rd Stone Mountain, GA 30083
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