718 E Ponce De Leon Avenue

About this home

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

Details

Home type

Triplex

County

Dekalb County

Year built

1932

Lot size (acres)

0.31

Annual tax

$15,752

Tax year

2025

Elementary school

Glennwood

Middle school

Beacon Hill

High school

Decatur

Heating

Heat Pump, Natural Gas

Cooling

Ceiling Fan(s), Central Air

Flooring

Hardwood, Other

Parking

Garage, Varies by Unit

Levels

Two

Community

Near Public Transport, Near Schools, Sidewalks, Other

Days on market

1

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