Description
Investor opportunity in the heart of Decatur! This historic tri-plex offers three units with long term tenants already in place, providing immediate income potential for a turnkey investment. Future value can be had if a new owner develops some of the remaining lot into another residential unit. The property features two units in the main home plus a third unit above the detached two-car garage. A new roof and new upstairs heat pump add value and peace of mind, while original wood paneling and built-in bookshelves preserve the home’s historic character. Situated on a double, corner lot with two driveways, a large backyard, three established garden plots, and a screened porch off the downstairs unit. Shared basement storage includes laundry and workshop space, with direct basement access for all units. Excellent location just two blocks from Glenwood Elementary, moments from the Avondale Estates Marta, downtown Decatur and approximately 1.3 miles from Agnes Scott College. A rare opportunity to own a multi-unit property in a highly convenient Decatur location
Address
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Address: 718 E Ponce De Leon Avenue, Decatur, Georgia 30030
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City: Decatur
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State/county: GA
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Zip/Postal Code: 30030
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Area: N/A
Details
Updated on October 3, 2026 at 12:03 pm-
Property ID 7847231
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Price $900,000
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Land Area 0.31 m²
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Year Built 1932
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Property Type Triplex, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Ceiling Fan(s), Central Air
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Heating Heat Pump, Natural Gas
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Flooring Hardwood, Other
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County Dekalb - GA
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Property Type Residential Income
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Parking Garage, Varies by Unit
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Elementary School Glennwood
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Middle School Beacon Hill
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High School Decatur
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Community Features Near Public Transport, Near Schools, Sidewalks, Other
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Waterfront None
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- Jason Tatum