# 1860 S Columbia Place, Decatur, GA 30032 > **TL;DR:** residential multi family, $3,950,000, built 1950. > Hardwood, A/C. Est. $21,125/mo. Listed 51 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,950,000 | | Year Built | 1950 | | Lot Size | 6,534 sqft (0.15 acres) | | Stories | 1 | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 51 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $19,973 | | Estimated Insurance | $1,152 | | **Total** | **$21,125** | ## Nearby Schools - **Elementary:** Dekalb - Other - **Middle:** Dekalb - Other - **High:** Dekalb - Other ## Key Amenities - Hardwood - A/C ## Property Highlights - Built in 1950 - 0.15 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 1860 S Columbia Place, Decatur, GA 30032 - **County:** Dekalb - GA - **Neighborhood:** Belvedere - **Coordinates:** 33.736611, -84.255102 - **Google Maps:** https://www.google.com/maps?q=33.736611,-84.255102 ## Listing Agent - **Name:** PATRICK PEYER - **Brokerage:** Keller Williams Realty Metro Atlanta - **Broker Phone:** (404) 564-5560 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1860-S-Columbia-Pl_Decatur_GA_30032_M59766-81541?f=listhub&s=FMLSGA&m=7836741&c=propsimple) ## Photos ![1860 S Columbia Place - Photo 1](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f3478914651r.jpg) ![1860 S Columbia Place - Photo 2](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f3658562845r.jpg) ![1860 S Columbia Place - Photo 3](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f1050748825r.jpg) ![1860 S Columbia Place - Photo 4](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f1997778014r.jpg) ![1860 S Columbia Place - Photo 5](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f3867582058r.jpg) ![1860 S Columbia Place - Photo 6](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f1889127073r.jpg) ![1860 S Columbia Place - Photo 7](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f3088340969r.jpg) ![1860 S Columbia Place - Photo 8](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f2689247449r.jpg) ![1860 S Columbia Place - Photo 9](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f1817903596r.jpg) ![1860 S Columbia Place - Photo 10](http://lh.rdcpix.com/5342fbdb7c9ee65d28de4d2a9d38c6b9l-f3546472406r.jpg) --- **MLS#:** 7836741 | **Updated:** 2026-10-23 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1860-s-columbia-place-decatur-ga-30032-de2fa5b89680401eae20f70952633b21) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1860-s-columbia-place-decatur-ga-30032-de2fa5b89680401eae20f70952633b21#listing", "url": "https://www.propertysimple.ai/listing/1860-s-columbia-place-decatur-ga-30032-de2fa5b89680401eae20f70952633b21", "name": "1860 S Columbia Place, Decatur, GA 30032", "description": "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. 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