7.19% cap rate at the current asking price. HIGHEST & BEST REQUESTED BY 8/15/2026 | NO SHOWINGS WITHOUT UPDATED POF FULLY OCCUPIED 4-UNIT INVESTMENT PROPERTY established in Belvedere Park! All four units are 2BR/1BA and currently produce $4,745/month / $56,940 annually in gross rents. Seller-reported stabilized NOI is approximately $36,869, offering an attractive 7.19% cap. All units were fully updated as of March 2024, including HVAC, electrical, plumbing, flooring, appliances, lighting, and interior finishes. Each unit features an eat-in kitchen, laundry closet and functional 2BR/1BA layout. Electricity is individually metered through Georgia Power; water/sewer is on one master line with flat billing. HOA is approximately $280/month for the entire 4-unit building — not per unit. Interior foyer provides private access to all units, with covered rear patio space for the lower-level residences. Convenient to shopping, restaurants, public transportation, Downtown Decatur and surrounding redevelopment. Turnkey, income-producing asset with immediate cash flow and long-term upside. **Rent roll and seller-reported NOI available. Please do not disturb tenants.** Closing Atty: Heritage Closing Firm "THIS PROPERTY IS PURCHASED AS IS"
Closed
Zillow last checked:
Listing updated:
Bought with:
Yanick Ramirez, 437236
Atlanta Communities
Source: FMLS GA,MLS#: 7775029
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Sold | $507,000-1.1% |
Source:  FMLS GA #7775029 Report a problem | ||
| 8/15/2026 | Pending sale | $512,500 |
Source: FMLS GA #7775029 Report a problem | ||
| 8/11/2026 | Price change | $512,500+2.5% |
Source: FMLS GA #7775029 Report a problem | ||
| 7/3/2026 | Price change | $500,000-9.1% |
Source: FMLS GA #7775029 Report a problem | ||
| 5/27/2026 | Price change | $550,000-8.3% |
Source: FMLS GA #7775029 Report a problem | ||
| 5/21/2026 | Listed for sale | $600,000+12.1% |
Source: FMLS GA #7775029 Report a problem | ||
| 8/13/2025 | Listing removed | $535,000 |
Source:  GAMLS #10437323 Report a problem | ||
| 7/8/2025 | Pending sale | $535,000 |
Source: GAMLS #10437323 Report a problem | ||
| 3/25/2025 | Price change | $535,000-3.6% |
Source: GAMLS #10437323 Report a problem | ||
| 3/24/2025 | Price change | $555,000-3.5% |
Source: GAMLS #10437323 Report a problem | ||
| 2/21/2025 | Price change | $575,000-4.2% |
Source: GAMLS #10437323 Report a problem | ||
| 1/9/2025 | Listed for sale | $600,000+71.4% |
Source: GAMLS #10437323 Report a problem | ||
| 2/15/2022 | Sold | $350,000+0.3% |
Source: Public Record Report a problem | ||
| 1/1/2021 | Listing removed | $349,000 |
Source: Advance Equity Group, Inc. #6782230 Report a problem | ||
| 9/16/2020 | Listed for sale | $349,000+320.5% |
Source: Advance Equity Group, Inc. #6782230 Report a problem | ||
| 3/9/2009 | Sold | $83,000-58.5% |
Source: Public Record Report a problem | ||
| 1/4/2008 | Sold | $199,957-23.1% |
Source: Public Record Report a problem | ||
| 8/18/2006 | Sold | $260,000+44.4% |
Source: Public Record Report a problem | ||
| 11/9/2005 | Sold | $180,000-29.9% |
Source: Public Record Report a problem | ||
| 2/28/2005 | Sold | $256,753-0.1% |
Source: Public Record Report a problem | ||
| 2/17/2004 | Sold | $257,000+110.7% |
Source: Public Record Report a problem | ||
| 11/19/2003 | Sold | $122,000+59.9% |
Source: Public Record Report a problem | ||
| 7/5/2002 | Sold | $76,300-59.8% |
Source: Public Record Report a problem | ||
| 1/14/2000 | Sold | $190,000+15.2% |
Source: Public Record Report a problem | ||
| 3/5/1998 | Sold | $165,000 |
Source: Public Record Report a problem | ||
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Estimated market value
