36$395,000
3 bd · 2 ba · 1,782 sqft
1940 Bonner Street, Decatur, GA
Tara Pesta · Knapp Realty · on 2 MLSs
Est. $3,392/mo139 days on Realty
—
Beds
0
Baths
3,864
Sqft
1961
Built
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"
Listing agent
Danielle Moore
Courtesy of Real Time Realty Of Georgia, LLC.
(404) 245-6400
First Multiple Listing Service (FMLS) · Listing 7775029
$102,500
Estimated monthly payment
$3,392/mo
Loan amount $410,000. Estimate only — your actual rate and payment depend on credit, location, and lender.
2025 roll
School ratings (A+ to F) from HJN community data.
Wadsworth Magnet School for High Achievers
4-8 · Regular · Dekalb County School District
273 students · 17.1:1 student–teacher
Peace Academy Charter School
KG-4 · Regular · State Specialty Schools II- PEACE Academy Charter School
241 students · 15.1:1 student–teacher
The Waldorf School of Atlanta
KG-8 · Special Program Emphasis
203 students · 5.2:1 student–teacher
This content last refreshed on 2026-10-07 19:52:32 UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Rings at ½ mile and 1 mile. Basemap © OpenMapTiles © OpenStreetMap contributors.
Open the Decatur camera map4 license-plate readers mapped within ½ mile of this home, all identified as Flock Safety devices. Nearest: 0.2 mi north.
| Device type | Within ½ mi | Within 1 mi |
|---|---|---|
| License-plate readers | 4 | 17 |
| of which Flock Safety | 4 | 17 |
Community-reported via OpenStreetMap; may be incomplete. Data as of . © OpenStreetMap contributors (ODbL)
License-plate readers (ALPR) are fixed cameras that photograph passing vehicles and read their plates. Records are typically shared with the agency or association that operates the camera.
Flock Safety is a company whose plate-reader cameras are used by police departments, cities, HOAs and businesses. Its devices are usually solar-powered and pole-mounted.
First Multiple Listing Service (FMLS)
Georgia MLSWithin 2 miles of this home: 38+ restaurants and cafés, 5 grocery stores, and 35 parks and green spaces.
Place data from OpenStreetMap.
Waffle House
American restaurant · Memorial Drive SE
Subway
Zaxby's
Memorial Drive
Krystal
Popeyes
Memorial Drive
Dunkin' Go
Memorial Drive
Papa John's
Columbia Drive
Domino's
Columbia Drive
ALDI
Memorial Drive
Columbia Food Mart
Walmart Supercenter
Memorial Drive
Wayfield Foods
Oakhurst Market
East Lake Drive
Delano Line Park
Santa Monica Park
Belvedere Park
Dearborn Park
Shoal Creek Park II
East Decatur Greenway
East Decatur Greenway Bioswale
East Lake Park
