$539,000

1627 Line Circle, Decatur, GA 30032

Multi-Family Home
Built in 1961
3,864sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Strong investment opportunity in Decatur with this well-maintained 4-unit multifamily property located in an established area near shopping and transit with consistent rental demand. Offering immediate income with additional upside potential, this property is well-positioned for both new and experienced investors. All units are currently occupied with stable rental history. Two units have been updated, including one unit fully renovated in 2024, featuring granite countertops and stainless steel appliances. The remaining two units offer additional upside potential through cosmetic updates and future rent growth. Each unit features a functional 2 bedroom, 1 bathroom layout with strong rental appeal. The property includes separate electric meters for each unit and a single water meter that is currently flat billed. Current in-place rents total $4,965 per month. Stabilized rental income is projected at approximately $5,200–$5,600 per month based on market rents. With a combination of stable in-place income and future upside potential, this property is a strong addition to any investment portfolio

Listing Status:: Active
Date Added:: May 22, 2026
Data Last Updated:: June 25, 2026 at 6:06PM
Listing Office:: Keller Williams Realty Peachtree Rd. : 404-419-3500
Listing Agent:: Lynae Mamey : 865-748-3574
MLS ID:: 7763237

A/C: Ceiling Fan(s)Central Air
Heating: Central
Disability Feature: None
Eco/Green Feature: NoneNone

Parking: Parking LotPavedParking spaces: 0

Roofing: Shingle
Windows: None
General: Brick 4 SidesTwo

Originating MLS: First Multiple Listing Service
County: Dekalb - GA

Zoning: ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 184 OF THE 15TH DISTRICTDEKALB COUNTYGEORGIABEING LOT 14BELVEDERE PARK APARTMENTS SUBDIVISIONUNIT 1627AS PER PLAT RECORDED IN PLAT BOOK 74PAGE 66DEKALB COUNTYGEORGIA RECORDS.15 184 19 014
View: Trees/Woods
Fencing: None

Utilities: Cable AvailableElectricity AvailableSewer AvailableWater Available
Water: Public
Sewer: Public Sewer

Source: First Multiple Listing Service

This listing courtesy of Lynae Mamey , Keller Williams Realty Peachtree Rd.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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