Investor opportunity in Stone Mountain with a brand new roof! 5342 Ridgemere features a duplex with two 2-bedroom, 1-bath units, offering functional layouts for strong rental demand. One unit is currently vacant, providing immediate upside for an investor to lease at market rent, while the other unit offers in-place income with Section-8 rent, guaranteed income! The vacant unit also creates a great opportunity for an owner-occupant to move in while offsetting expenses with rental income. With strong demand and convenient access to major highways, shopping, and everyday amenities, this property is a solid addition to any rental portfolio. Showings available during due diligence.
Multi-familyProperty Type
1986Year Built
0.34 acresLot Size
2 spacesParking
Listed by Anthony Fontana• Cornerstone Real Estate Partners, LLC
Investor opportunity in Stone Mountain with a brand new roof! 5342 Ridgemere features a duplex with two 2-bedroom, 1-bath units, offering functional layouts for strong rental demand. One unit is currently vacant, providing immediate upside for an investor to lease at market rent, while the other unit offers in-place income with Section-8 rent, guaranteed income! The vacant unit also creates a great opportunity for an owner-occupant to move in while offsetting expenses with rental income. With strong demand and convenient access to major highways, shopping, and everyday amenities, this property is a solid addition to any rental portfolio. Showings available during due diligence.
GAMLS #10742385
Jul 31, 2026
Listing Removed
—
Jul 16, 2026
Price Changed
$309,000
Jun 26, 2026
Relisted
—
May 14, 2026
Pending
—
Apr 28, 2026
Listed
$315,000
Public Records
May 11, 2022
Sold
$266,000
RENT. #1
Apr 10, 2022
Price Changed
$1,250
Public Records
Nov 12, 2015
Sold
$60,000
FMLS #5592057
Nov 17, 2015
Price Changed
$60,000
Nov 6, 2015
Price Changed
$69,900
Nov 6, 2015
Sold
$60,000
Oct 13, 2015
Contingent
—
Oct 5, 2015
Price Changed
$69,900
Sep 18, 2015
Relisted
—
Sep 14, 2015
Contingent
—
Sep 4, 2015
Listed
$79,900
GAMLS #7518328
Nov 25, 2015
Price Changed
$60,000
Nov 6, 2015
Sold
$60,000
Oct 13, 2015
Pending
—
Oct 13, 2015
Price Changed
$69,900
Oct 5, 2015
Price Changed
$69,900
Sep 18, 2015
Relisted
—
Sep 14, 2015
Pending
—
Sep 4, 2015
Listed
$79,900
GAMLS #7370001
Jan 1, 2015
Listing Removed
—
Nov 26, 2014
Listed
$80,000
GAMLS #3213623
May 25, 2012
Sold
$34,900
May 10, 2012
Listing Removed
—
Apr 9, 2012
Listed
$34,900
FMLS #5005330
Jun 8, 2012
Listing Removed
—
May 25, 2012
Sold
$34,900
May 10, 2012
Pending
—
Apr 9, 2012
Listed
$34,900
FMLS #3429233
Mar 13, 2007
Sold
$154,000
Feb 23, 2007
Listed
$159,900
Public Records
Jun 15, 2005
Sold
$145,600
Public Records
Aug 12, 1992
Sold
$73,600
Year
Property tax
Land + Additions
Assessment*
2025
$6,400 (+4.8%)
$26,000 + $82,480
$108,480
2024
$6,107 (+8.4%)
$26,000 + $82,480
$108,480
2023
$5,632 (+7.7%)
$26,000 + $78,800
$104,800
2022
$5,231 (+27.4%)
$12,800 + $76,240
$89,040
2021
$4,106 (+2.5%)
$12,800 + $53,240
$66,040
2020
$4,004 (+20.4%)
$12,800 + $53,240
$66,040
2019
$3,325 (+16.8%)
$12,800 + $35,280
$48,080
2018
$2,847 (+16.4%)
$8,480 + $32,160
$40,640
2017
$2,446 (+46.7%)
$8,480 + $32,160
$40,640
2016
$1,667 (+28.2%)
$6,800 + $17,200
$24,000
2014
$1,300 (−5.9%)
$8,480 + $19,400
$27,880
2013
$1,381 (−48.0%)
$8,128 + $5,800
$13,928
2012
$2,654 (+25.9%)
$8,560 + $29,120
$37,680
2011
$2,107 (−14.2%)
$6,000 + $26,592
$32,592
2010
$2,455 (−23.1%)
$10,000 + $33,600
$43,600
2008
$3,194
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.34 Acres
Year renovated
1998
Finished Sq. Ft.
2,400
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,400
Year built
1986
Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
18 037 18 116
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 1, 2026.
R-1
Single-Family Residential District
This district hereafter referred to as R-1 is created to establish a plan implementation zone that: Recognizes the existence of previously established low density residential districts in communities; Encourages clustering of development and provision of location, environmental and development amenities; Provides for low density residential development in cul-de-sac neighborhoods, community areas and the urban area; and Enhances the community's character through the promotion of high quality design; Uses are limited to single-family dwellings served by public sewers, some residentially related institutions, to certain incidental uses intended primarily to provide service to a dwelling or a residential neighborhood.
Permitted uses
Include but are not limited to:
Housing-Single unit
Infrastructure
Educational/school
Recreation
Park & open space
Local insights from Redfin agents
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 18 days in 30 years
5/10 Wind Factor
25% chance of strong winds in next 30 years
6/10 Air Factor
8 unhealthy days expected this year, 11 days in 30 years
Provided by First Street
Historical weather
Stone Mountain, GA • 30083
Average low and high temperatures (°F)
50
33
60
41
71
49
78
56
79
62
87
69
92
73
83
68
83
66
74
55
66
47
56
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 27% for direct sun exposure in Stone Mountain. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.3 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5342 Ridgemere Ct
$298,188
$812 under list price of $299K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $265K to $325K.