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1860 S Columbia Place
Decatur GA 30032 US

$3,950,000

Active Listing ID 10845636
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Lot: 0.15 Acres
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Other

$3,950,000

Active Listing ID 10845636
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1860 S Columbia Place 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.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Heating Fuels: Central

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 3950000
  • unparsedaddress: 1860 S Columbia Place
  • postalcity: Decatur
  • stateorprovince: GA
  • country: US
  • postalcode: 30032
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.15
  • lotsizeunits: Acres
  • lotsizearea: 0.15
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.736631
  • longitude: -84.255225
  • listagentfullname: Patrick Peyer
  • listagentemail: patrickpeyer@gmail.com
  • listagentkey: 3yd-GAMLS-PEYERPATRICK
  • listagentmlsid: PEYERPATRICK
  • listagentpreferredphone: 4045645560
  • listagentofficephone: 4045645560
  • listofficekey: 3yd-GAMLS-KWAD01
  • listofficemlsid: KWAD01
  • disclaimer: Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GAMLS
  • yearbuilt: 1950
  • listingcontractdate: 2026-09-11
  • countyorparish: DeKalb
  • parcelnumber: 15 167 04 021
  • cooling: Central Air
  • heating: Central
  • numberofunitstotal: 21
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Carport
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -84.255226, 33.73663
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty Intown", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"charlesbenton2@gmail.com", "ListBrokerageCity":"Atlanta", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Keller Williams Realty Intown", "ListBrokeragePhone":null, "ListBrokeragePostalCode":"30308", "ListBrokerageStateOrProvince":"GA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"621 North Ave C-50", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"101 W Ponce De Leon Avenue, Suite 200 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"KWAD01", "ListOfficeCity":"Decatur", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw305@kw.com", "ListOfficePostalCode":"30030", "ListOfficeStateOrProvince":"GA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Decatur, GA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1860-S-Columbia-Pl_Decatur_GA_30032_M59766-81541?f=listhub&s=GAMLS&m=10845636&c=rexren", "MLSModificationTimestamp":"2026-09-15 05:38:43", "Neighborhoods":[{"Description":null, "Name":"Belvedere"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3635, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/15/2026 3:56:02 PM GMT
Source Updated Date: 9/23/2026 12:49:30 PM GMT

Courtesy of: Patrick Peyer, Keller Williams Realty, patrickpeyer@gmail.com

Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.