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Lender-Owned Income-Producing MF | ATL MSA 3937 Glenwood Rd 59 Apartment Units Online Auction Sale Decatur, GA 30032
Investment Highlights
- Midwood Glen at 3937 Glenwood Rd in Decatur, Georgia, is a 59-unit, multi-building apartment complex spanning 52,026 square feet.
- 59 units total—24 one-bedroom units, 24 two-bedroom units, and 11 three-bedroom units—with an average rent of $1,183 across the community.
- Glenwood Rd offers quick I-20 and I-285 access, enabling easy commutes to Downtown Atlanta, Decatur, East Atlanta, and major metro employment hubs.
- At 42% occupied, the property offers upside to boost leasing, stabilize occupancy, and increase income through focused asset management.
- Set on 4.96 acres zoned RM75, the garden-style community offers ample parking, mature trees, and a low-density residential setting.
- Also available for purchase individually or as part of a portfolio: 150 Fairfield Pl, 1204 Lakeview Dr, and 3045 Semmes St, all within the ATL MSA.
Executive Summary
Explore this opportunity to acquire an Atlanta metro multifamily community currently at 42.37% occupancy. Midwood Glen at 3937 Glenwood Road in Decatur, Georgia, spans 52,026 square feet across several buildings on approximately 4.96 acres zoned RM75, Multi-Dwelling Residential Districts.
The community consists of garden-style, walk-up buildings with 59 total units. There are 24 one-bedroom units with an average size of 672 square feet and an average in-place rent of $1,043 per month. The 24 two-bedroom units have an average size of 896 square feet and an average in-place rent of $1,213 per month. Lastly, there are 11 three-bedroom units with an average size of 1,069 square feet and an average in-place rent of $1,534. The average in-place rents exceed typical market rents.
Midwood Glen is located on Glenwood Road in the Candler-McAfee submarket of DeKalb County, approximately 10 miles east of Downtown Atlanta and just south of Decatur. The property benefits from a quiet residential setting with immediate access to Interstates 20 and 285, neighborhood retail along Candler Road, and MARTA connectivity.
Candler-McAfee’s momentum is supported by corridor investment and spillover demand from Decatur and East Atlanta. Candler Crossing is planned as a 7.2-acre redevelopment with a grocery anchor, retail/restaurant space, trail, green space, and renovated MARTA bus stop. MARTA’s Candler Road ART planning targets improved mobility and connections to Atlanta, Decatur, and the MARTA rail.
These factors support an ownership thesis: an affordable garden asset with occupancy upside, interstate access, improving amenities, and long-term rent-growth potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The community consists of garden-style, walk-up buildings with 59 total units. There are 24 one-bedroom units with an average size of 672 square feet and an average in-place rent of $1,043 per month. The 24 two-bedroom units have an average size of 896 square feet and an average in-place rent of $1,213 per month. Lastly, there are 11 three-bedroom units with an average size of 1,069 square feet and an average in-place rent of $1,534. The average in-place rents exceed typical market rents.
Midwood Glen is located on Glenwood Road in the Candler-McAfee submarket of DeKalb County, approximately 10 miles east of Downtown Atlanta and just south of Decatur. The property benefits from a quiet residential setting with immediate access to Interstates 20 and 285, neighborhood retail along Candler Road, and MARTA connectivity.
Candler-McAfee’s momentum is supported by corridor investment and spillover demand from Decatur and East Atlanta. Candler Crossing is planned as a 7.2-acre redevelopment with a grocery anchor, retail/restaurant space, trail, green space, and renovated MARTA bus stop. MARTA’s Candler Road ART planning targets improved mobility and connections to Atlanta, Decatur, and the MARTA rail.
These factors support an ownership thesis: an affordable garden asset with occupancy upside, interstate access, improving amenities, and long-term rent-growth potential.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | Lot Size | 4.96 AC |
| Sale Condition | Auction Sale | Building Size | 52,026 SF |
| Type of Ownership | Fee Simple | Average Occupancy | 42% |
| No. Units | 59 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Apartment Style | Garden | Parcel Number | 15-167-10-037 |
| Building Class | B | ||
| Zoning | RM75 - Multi-Dwelling Residential Districts. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.96 AC |
| Building Size | 52,026 SF |
| Average Occupancy | 42% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | RM75 - Multi-Dwelling Residential Districts. |
| Parcel Number | 15-167-10-037 |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Oven
- Tub/Shower
- Views
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Sale Advisor
Sale Advisor
Nick Steen, Senior Associate
Nick has worked in Commercial Real Estate for the last 10 years, both on the principal side, managing acquisitions, leasing, development, and asset strategy, as well as on the brokerage side, assisting property owners with capital markets debt and equity financing, public/private infrastructure financing, development management, JV formation, and investment sales. Nick has played an integral role in transactions totaling over $2 billion in the aggregate during his career and holds a degree in Political Science from the University of Miami and a Juris Doctor from the University of North Carolina at Chapel Hill.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Jessica Anne Figueroa RE Brkr 75044. Ten-X Commercial, LLC Arlene Richardson Auction Firm AU003185
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Contact the Sale Advisor
Lender-Owned Income-Producing MF | ATL MSA | 3937 Glenwood Rd
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Lender-Owned Income-Producing MF | ATL MSA | 3937 Glenwood Rd
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