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Occupied Multifamily Rental Portfolio
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For Sale
$3,950,000

1860 S Columbia Place, Decatur, GA 30032

Residential Income, Decatur, GA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market3

Property Features for 1860 S Columbia Place

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Carport, Driveway
Subdivision Belvedere
Elementary school Dekalb - Other
Middle school Dekalb - Other
High school Dekalb - Other
Directions GPS Friendly
Standard status Active
APN 15 167 04 021
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 3635

Utilities

Utilities Natural Gas Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Building Details

Year built 1950
Floors in Building 1
Number of units 1
Flooring type Hardwood
Roof type Composition
Listing Agency: Keller Williams Realty Metro Atlanta
Listed By: PATRICK PEYER · License #266568
Added: Sep 11 Changed: Sep 12 Last Checked: Sep 13 at 5:06PM
MLS# 7836741

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This multifamily rental portfolio comprises 21 units distributed across 19 parcels near one another in Decatur, Georgia. Reported occupancy is 100%. Property features include hardwood flooring, central heating, central air, driveways, carports, composition roofs, public water, public sewer, and natural gas availability. The properties were built in 1950.

The portfolio is located at 1860 S Columbia Place in the 30032 ZIP code, with access to I-20 and nearby I-285. Downtown Atlanta, East Atlanta Village, and Hartsfield-Jackson are identified as accessible from the area. The Avondale MARTA station is nearby, and Belvedere Plaza at Memorial Drive and Columbia Drive is planned for redevelopment with national retailers and a full-service grocery anchor in 2027. A second Publix store is also planned on Glenwood near the properties.

Key Highlights

  • 21 rental units across 19 parcels
  • 100% occupancy reported
  • Central heating and central air with hardwood flooring

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Gym & Fitness Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

21
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby

Demographics for 30032, GA

44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - The properties include central heating and cooling, hardwood flooring, driveways, and carports.
Where is this multifamily property located?
The property is located at 1860 S Columbia Place Decatur, GA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 21 rental units across 19 parcels; 100% occupancy reported; Central heating and central air with hardwood flooring
More about this property
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