1151 Canal Street, Decatur, GA 30032

$335,000

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List Price
$335,000
MLS#
10838344
Status
ACTIVE
Type
Multifamily
Subtype
Multi Family, Duplex
Lot Size
0.33
Subdivision
Panama Park
Basement
Yes

Property Description

Rare investment opportunity with immediate cash flow and long-term value potential! This duplex is conveniently located less than one mile from I-285 with easy access to Decatur, Downtown Atlanta, and major employment centers. Each unit has 2-bedrooms and 1-bath, with a separate laundry/utility room. One unit currently rents for $1,245/month, lease expiring on 7/31/2027. The other unit is below market since this is a 5+ year tenant, currently rents for $1,020/month, expiring on 12/31/2026. Water is not separated and is paid by the landlord, however all other utilities are separated and paid by tenants. Crawlspace is encapsulated with a commercial dehumidifier. Property is being sold As-Is; owner is an investor and has never lived at the property; no Seller's Disclosures are provided.

Additional Information

Stories
1 Story
Year Built
1950
Parking
Off Street
Sewer
Public Sewer
Elementary School
Peachcrest
High School
Towers
Acres
0.33
Levels
One

Listing courtesy of Chapman Hall Realtors Alpharetta.

© 2026 Georgia MLS. All rights reserved. Information Deemed Reliable But Not Guaranteed.

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