1860 S Columbia Place, Decatur, GA 30032 | OmegaHome
FOR SALE
$3,950,000
1860 S Columbia Place, Decatur, GA30032
For Sale|Residential Income|Active
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21 working-class rental houses on 19 parcels, conveniently located in close proximity to each other within the booming 30032 zip code. 100% Occupancy. Current rents average $1,219/month — $25,600/month gross and climbing at each turn over — 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.
Residential IncomeProperty Type
1950Year Built
0.15 acresLot Size
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Property details
Flooring
Hardwood
Heating & cooling
Central heating
Central air
Map view
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Schools
ElementaryDekalb - Other
MiddleDekalb - Other
HighDekalb - Other
Street view
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Sale and tax history for 1860 S Columbia Place
DateEventPrice
Sep 11, 2026Listed$3,950,000
Sep 11, 2026Price Changed$3,950,000
Public record
StoriesOne
Lot size0.15 acres
Year built1950
StyleResidential Income
CountyDekalb
Parking SpacesCarport
MLS attribution
Listed by PATRICK PEYER· Keller Williams Realty Metro Atlanta · (404) 564-5560