Georgia Multifamily
Multifamily Investment Properties for Sale in Dekalb County
Cities: Atlanta·Decatur·Stone Mountain·Clarkston·Ellenwood·Lithonia·Brookhaven·Tucker
16 duplex · 5 triplex · 5 fourplex · 2 apartmentsGeorgia market report →Voucher Spread™
ACS 2023 · HUD FY2027 · 33 ZCTAs with ACS
DeKalb County housing stock & renter economics
DeKalb County apartment-building and small-multifamily investors concentrate in ZIPs where HUD Fair Market Rents sit above or beside ACS median gross rent. The table below is ZCTA housing stock and voucher benchmarks for commercial residential income underwriting, linked to each ZIP housing profile. Live FMLS set on this page: 28 buildings.
33 ZCTAs · 33 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.
- Population
- 975,269
- Households
- 369,893
- Housing units
- 418,505
- 2-unit stock
- 3,993
- 3–4 unit stock
- 15,635
- 2–4 unit stock
- 19,628
- 5–49 unit stock
- 87,281
- 50+ unit stock
- 35,874
- Median renter share
- 40.6%
- ACS median rent
- $1,617
- Contract rent
- $1,373
- 1BR SAFMR
- $1,660
- 2BR SAFMR
- $1,810
- 3BR SAFMR
- $2,160
- SAFMR / ACS rent
- 1.13×
- Vacancy (ACS)
- 10.7%
- Pop Δ 2018–2023
- +3.1%
- Median HH income
- $81,774
- Rent burden ≥30%
- 53.3%
- Rent burden ≥50%
- 27.1%
- LIHTC projects / units
- 128 / 18,318
- HUD assisted MF
- 48 / 3,507
- Alloc. 5+ permits
- 41,076
DeKalb County: median renter share 40.6%; ACS median gross rent $1,617; FY2027 2BR SAFMR $1,810; 2BR SAFMR is 1.13× ACS median gross rent; 3,993 units in 2-unit structures, 15,635 in 3–4-unit structures, and 87,281 in 5–49-unit structures; population up +3.1% between ACS 2018 and 2023; 128 LIHTC projects (18,318 units); 41,076 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.
Georgia ZIP housing directory·All Georgia ZCTAs·SAFMR directory·Voucher Spread™·+23 more ZIPs on the housing-market pages
ZCTA ≈ USPS ZIP. ACS 5-year 2023 lags construction. Units-in-structure is Census standing stock (2-unit vs 3–4 vs 5–49 vs 50+), not the live FMLS card. SAFMR is a bedroom-specific HUD voucher benchmark, not asking rent. LIHTC / assisted-MF are inventory of record and belong on apartment pages. 5+ permits are county BPS 2025 allocated by ZCTA housing-unit share. Brokerage is Georgia-only.
28 Multifamily Investment Properties for Sale in Dekalb County
As of today, 28 active small multifamily listings in Dekalb County · median $195,000/door · median estimated cap 5.1% (n=21). DeKalb County is one of the strongest secondary multifamily markets in metro Atlanta. It offers a wide mix of small residential multifamily and occasional larger assets at generally more accessible price points than core Fulton. Steady renter demand, proximity to major employment centers, and improving submarkets continue to attract both cash-flow and light value-add investors.
Inventory tends to lean toward duplexes, triplexes, and small apartment buildings. Areas such as Decatur, Clarkston, Stone Mountain, and parts of south and east DeKalb see consistent investor activity.
All Georgia multifamily →Georgia multifamily market report →
Current Market Snapshot
HUD Fair Market Rent · Dekalb County (FY2026)
Cities in Dekalb County
Active inventory by city.
Showing 28 of 28 properties
Frequently Asked Questions — Dekalb County Multifamily
How does DeKalb compare to Fulton for multifamily investing?
DeKalb typically offers lower entry prices and solid rental demand while still sitting inside the core Atlanta metro. Inventory is lighter than Fulton but often presents stronger cash-flow potential on a per-door basis.
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