Investors, take advantage of this outstanding opportunity at 1301 Waldrop Place in Decatur, GA! This home offers excellent investment potential, currently rented at $1,500 per month with a lease in place until June 1, 2025. The existing rental agreement ensures immediate cash flow, making it an ideal addition to your real estate portfolio. This well-kept 3-bedroom, 2 bathroom Condo features a practical and open floor plan designed for comfortable living. The spacious living room is perfect for relaxing or entertaining guests, while the adjacent dining area offers plenty of space for meals or gatherings. The kitchen comes equipped with modern appliances, ample cabinetry, and generous countertop space, making meal preparation a breeze. The primary bedroom features an en-suite bathroom with a tub/shower combination, providing a relaxing retreat. The two additional bedrooms are also well-sized and share another full bathroom with a similar tub/shower combo. Each room is designed to maximize comfort and functionality, making it an appealing option for tenants. Situated in a convenient location, the property is close to shopping, dining, schools, and public transportation. It's also just a short drive to major highways, making commuting to downtown Atlanta or surrounding areas easy and efficient. For investors, this property is a rare find—a fully occupied, income-generating asset with no need for immediate tenant search or property marketing. The $1,500 monthly rent provides consistent cash flow, while the long-term lease offers stability and peace of mind. As Decatur continues to be a sought-after area for renters, this property’s location and features make it a smart and solid investment choice. 1301 Waldrop Place checks all the boxes. With its prime location, steady rental income, and renter-friendly design, this home offers exceptional value for both seasoned and new investors.
CondoProperty Type
2006Year Built
1,001 sq ftLot Size
$72Est. Price/Sq.Ft.
1 spaceParking
Listed by Doris Armstrong• LoKation Real Estate, LLC
Bought with Shaneka McAndrews• Keller Williams Realty Signature Partners
Source:FMLS #7465501
Redfin Estimate
$92,459
$18K since sold in November 2024$1,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 3.1% higher than the average sale price ($90K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2006
Sq. Ft.
1,292
Year built
2004
Style
Condo/Co-op
County
DeKalb County
APN
15 071 05 009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
MR-2
SOAP
Medium Density Residential-2 District
The purpose and intent of the board of commissioners in establishing the MR-2 (Medium Density Residential-2) District is as follows: To encourage primarily residential, planned developments that allow accessory retail, office, institutional, and civic uses; To provide for residential neighborhoods with a mix of single-family and multi-family housing types that maintain harmony of scale, intensity, and design with surrounding development; To provide for connectivity of streets and communities and reduce the dependence on automobile uses by increasing the ease of movement and opportunities for alternative modes of travel; To implement the future development map of the county's most current comprehensive plan; To provide districts that allow appropriate development transitions within the edges and transitional areas of the Town Center and Regional Center character areas.
Zone overlays
Soapstone Historic Overlay
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Mixed use
Library
Museum / gallery
Communications tower
Property details
Parking
Parking Information
# of Total Parking: 1
Parking Features: Assigned
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Main Level Bathrooms: 2
Master Bathroom Features: Tub/Shower Combo
Bedroom Information
# of Main Level Bedrooms: 3
Bedroom Features: None
Interior Features
Interior Features: Other
Window Features: Double Pane Windows
Common Walls: No One Above
Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Room Information
LaundryFeatures: In Hall
Kitchen Features: None
Dining Room Features: Open Concept
Room Type: Other
Exterior
Property Information
Levels: One
Above Grade Finished Area: 1,292
Construction Materials: Vinyl Siding
Roof: Composition
Property Condition: Resale
Ownership: Condominium
Lot Information
TaxLegalDescription: UNIT 1301 BLDG 1 03-JAN-05 .023AC WALDROP PARK PHASE 1 13 X 2 X 16 X 2 X 12 X 30 X...
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Cooling: Central Air
Heating: Electric, Forced Air
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Location
Multi-Family Information
# Of Units In Community: 350
HOA Information
Association Fee: $225
Association Fee Frequency: Monthly
Association Fee2: $225
Association Fee2 Frequency: Monthly
Association Fee Includes: Maintenance Structure
Has Association
School Information
Middle Or Junior School: Cedar Grove
High School: Cedar Grove
Location Information
Directions: I-285 W, take exit 48 for GA-155 S, turn left onto GA-155 S/ Flat shoals Rd. , go for 1 mile then turn right onto Warriors Path. then turn right onto Waldrop lane, right on Kingswood glen, left onto Waldrop Trail, then right onto Waldrop Pl. , property is on the left
Road Surface Type: Asphalt
Dekalb - GA
Community Information
Community Features: Dog Park, Homeowners Assoc, Public Transportation, Park
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,292
Stories: 1.0
Lot Size: —
Style: Condo/Co-op
Year Built: 2004
Year Renovated: 2006
County: DeKalb County
APN: 15 071 05 009
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
Oakview Elementary School
Public PreK-5 • Assigned • 0.5mi
4/10
Cedar Grove Middle School
Public 6-8 • Assigned • 1.9mi
3/10
Cedar Grove High School
Public 9-12 • Assigned • 1.9mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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...