1860 South Columbia Place

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Active
$3,950,000
3 beds
1860 S Columbia Pl, Decatur, GA 30032
Est: $20,715/moGet pre-approved
Multi FamilyProperty Type
6,534 sq ftLot Size
1950Year Built

Description

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...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.
Days on Market Listed Today
  • Listed by: PATRICK PEYER • Keller Williams Realty Metro Atlanta 404-564-5560
Last updated: 09/11/2026 05:03 PM • Source: FMLS, MLS#: 7836741

Location

Listing Courtesy of Keller Williams Realty Metro Atlanta, PATRICK PEYER
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$20,715 per month

30 year fixed, 6.71% Interest

Principal and Interest

$20,412

Property Taxes

$303

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Property Information for 1860 South Columbia Place

Property Details
  • Taxes: $3,635 / year
  • MLS Type: Residential Income / Other
  • County: DeKalb County
  • Subdivision Complex: Belvedere
  • Parking Features: Carport, Driveway
  • Property Attached: No
  • Waterfront Features: None
Building Information
  • Stories: 1
  • Residences: 21
  • Year Built: 1950
  • Lot Size: 0.15 AC / 6,534 SF
Summary
Location and General Information
  • Community Features: None
  • Directions: GPS Friendly
  • Lake Name: None
  • View: Other
  • Coordinates: -84.255102, 33.736611
Taxes and HOA Information
  • Tax Year: 2026
  • Association: No
  • Tax Legal Description: various
School Information
  • Elementary School: Dekalb - Other
  • High School: Dekalb - Other
  • Middle School: Dekalb - Other
Parking
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Hardwood
  • Levels/Stories: One
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Other
  • Dock: None
  • Fencing: None
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Electricity Available,Natural Gas Available,Sewer Available
  • Water Source: Public
Property and Assessments
  • Home Warranty: No
  • Proposed Financing: 1031 Exchange, Cash
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Lot Features: Other
  • Acreage Source: See Remarks
  • Lot Size Dimensions: 50x150
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 21
Income & Expenses Information
  • Gross Annual Income: $306,600.00
  • Annual Expenses: $61,600.00
Unit 1
  • Unit Deposit Amount: $1,345.00
  • Unit Electric Included: No
  • Unit Features: None, Central Air, Deck, Hardwood Floors, Refrigerator, Smoke Alarm, Other
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Avail 3-6 Months
  • Unit Water Included: No
  • Unit Rent Amount: $1,345.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 3
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 1860 South Columbia Place

DateEvent & SourcePriceAppreciation
Jun 13, 2007

Sold (Public Record)

Public Record #224986068

$92,800—
Jun 13, 2007

Sold (Public Record)

Public Record #224986078

$82,500

-14.2% / yr

Feb 6, 2007

Sold (Public Record)

Public Record #221505416

$87,000

-21.3% / yr

DateEvent & SourcePrice
06/13/2007

Sold (Public Record)

Public Record #224986068

$92,800
06/13/2007

Sold (Public Record)

Public Record #224986078

$82,500

-14.2% / yr

02/06/2007

Sold (Public Record)

Public Record #221505416

$87,000

-21.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1860 South Columbia Place

Taxable ValueLand$8,000Additions$49,640Total$57,640
Tax Record2025$2,999 ($250 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,128 SqFtAbove Grade Finished SqFt1,128 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1954Year Renovated1993ZoningR75CountyDEKALBAPN15-167-04-021

Schools near 1860 South Columbia Place

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Snapfinger Elementary School
Public - PK to 5
Columbia Middle School
Public - 6 to 8
Columbia High School
Public - 9 to 12
Wadsworth Magnet School For High Achievers
Public - 4 to 8
Rating
School
Distance
Snapfinger Elementary School
PublicPK to 5

Columbia Middle School
Public6 to 8

Columbia High School
Public9 to 12

Wadsworth Magnet School For High Achievers
Public4 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1860 South Columbia Place, Decatur, GA 30032

1860 South Columbia Place is a multi-family home for sale in Decatur, GA 30032. This property was listed for sale on September 11, 2026 by Keller Williams Realty Metro Atlanta, it's currently listed at $3,950,000. It has been on the market for a total of 0 days and was last sold on June 13, 2007. This listing's school district is Dekalb County School District. Nearby schools include Snapfinger Elementary School, Columbia Middle School and Columbia High School. 1860 South Columbia Place is a 3-bed, 1-bath multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Metro Atlanta, PATRICK PEYER

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.