Active3
Median $/door$147,500
Ask range$294,000–$299,900
Estimated cap5.4%n=2
Median DOM47

3 duplex · 0 triplex · 0 fourplex · 0 apartmentsGeorgia market report →

ACS 2023 · HUD FY2027 · 4 ZCTAs with ACS

Stone Mountain housing stock & renter economics

Stone Mountain 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: 3 buildings.

4 ZCTAs · 4 with ACS. Medians across ACS ZIPs; totals for stock. Not a listing feed.

Population
181,532
Households
60,313
Housing units
66,646
2-unit stock
353
3–4 unit stock
1,173
2–4 unit stock
1,526
5–49 unit stock
9,647
50+ unit stock
1,628
Median renter share
29.4%
ACS median rent
$1,608
Contract rent
$1,323
1BR SAFMR
$1,620
2BR SAFMR
$1,765
3BR SAFMR
$2,105
SAFMR / ACS rent
1.13×
Vacancy (ACS)
9.7%
Pop Δ 2018–2023
+2.8%
Median HH income
$77,109
Rent burden ≥30%
63.5%
Rent burden ≥50%
30.7%
LIHTC projects / units
14 / 2,234
HUD assisted MF
6 / 308
Alloc. 5+ permits
3,139

Stone Mountain: median renter share 29.4%; ACS median gross rent $1,608; FY2027 2BR SAFMR $1,765; 2BR SAFMR is 1.13× ACS median gross rent; 353 units in 2-unit structures, 1,173 in 3–4-unit structures, and 9,647 in 5–49-unit structures; population up +2.8% between ACS 2018 and 2023; 14 LIHTC projects (2,234 units); 3,139 allocated 5+ unit permits (county BPS × ZCTA share). Census / HUD stock — not a rent roll and not a buy/sell score.

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.

3 Multifamily Investment Properties for Sale in Stone Mountain

As of today, 3 active small multifamily listings in Stone Mountain · median $147,500/door · median estimated cap 5.4% (n=2). Stone Mountain offers DeKalb County multifamily at generally more accessible price points than closer-in Atlanta markets. Inventory is typically small residential multi-unit properties with cash-flow potential.

Current Market Snapshot

Active Listings3
Avg List Price$296,300
Avg $/Unit$148,150
Avg Cap Rate (est.)5.4%
Price Range$294,000 – $299,900
Avg Units2.0

HUD Fair Market Rent · DeKalb County(FY2026)

Studio$1,585
1 BR$1,660
2 BR$1,820
3 BR$2,182
4 BR$2,605

Showing 3 of 3 multifamily investment properties for sale

Multifamily for sale: 5223 Ridge Forest Drive, Stone Mountain
2 Units
Below 1.0x DSCR
$299,900
10.3% Gross5.5% Capest+32.3% Voucher Spread EST

5223 Ridge Forest Drive

Stone Mountain, GA

Units2
$/Unit$149,950
DOM64
Listing MLSID: 7814601 · Listing courtesy of Chapman Hall Premier, REALTORS · 404-377-6565

Frequently Asked Questions — Stone Mountain Multifamily

Are there multifamily for sale in Stone Mountain?

This page is the live FMLS Residential Income set for multifamily in Stone Mountain. Counts change with the MLS feed. If inventory is thin, open the statewide Georgia multifamily collection or the county page for a larger sample.

How does Stone Mountain compare to Georgia overall for multifamily?

Use the statewide inventory at /multifamily-for-sale/georgia for the full Georgia multifamily set, then compare $/door and published cap estimates against this city. Smaller markets often have one or two live listings; that is not a full comp set.

Do multifamily in Stone Mountain still qualify for residential financing?

Most 2–4 unit multifamily can still qualify for conventional residential financing when the buyer and property meet guidelines. Always confirm with your lender. 5+ unit buildings are a different stack.

Why is the estimated cap rate missing on some Stone Mountain listings?

Yields on this site are independent screening models, not MLS fields. A listing is left out of the cap sample when we cannot publish a number. That is not a zero cap — pull the rent roll.

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