Start Generating Income From Day One! Tenant-occupied and producing positive cash flow, this spacious 5-bedroom, 3-bath home presents an outstanding opportunity for investors and future homeowners alike. With over 2,400 square feet of living space, flexible room configurations, and strong rental appeal, this property offers immediate income and long-term upside. Conveniently located near major highways, downtown Decatur, shopping, dining, and employment centers. At this price point, opportunities offering this combination of size, location, and future potential are becoming increasingly difficult to find. Continue leasing to the current tenant or plan for future owner occupancy. If purchased for owner occupancy, Seller requests a minimum 60-day closing period to accommodate tenant notice requirements.
Single-familyProperty Type
1964Year Built
0.32 acresLot Size
$101Price/Sq.Ft.
2 spacesParking
Listed by AYELET GILAD• Keller Williams Rlty, First Atlanta
McAfee, located between Memorial Drive and Candler Road, is a residential and commercial Candler-McAfee neighborhood with mid-century ranch streetscapes and a corridor-style retail rhythm. The neighborhood’s character concentrates around the Memorial Drive–Candler Road crossroads, where strip plazas, barbershops, takeout counters, and everyday services set a steady, local cadence. The Gallery at South DeKalb anchors errands and indoor walking loops, while the DeKalb History Center at the Historic DeKalb Courthouse adds a civic-cultural counterpoint nearby. Housing leans toward brick ranches and split-levels with deep setbacks and mature trees. Side streets feel quieter, while Memorial Drive keeps the pace with buses and storefront signage. Green breaks come via Shoal Creek Park and the South River corridor, balancing asphalt with trails and open sky.
Provided by Walk Score and Local Logic
Offer insights
2173 Kilarney Rd · $242,000
$242K and above
75% chance or better to win
Why $242K+ is a strong offer
DAYS ON MARKET
100 days
The average home goes pending in 44 days.
SALE-TO-LIST
98.4%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Wood window frames
No common walls
Daylight, finished full basement with a bath
Other interior features
Bedrooms
Three main-level bedrooms
Two lower-level bedrooms
Other bedroom features
Bathrooms
Three full bathrooms
Two main-level bathrooms
One lower-level full bathroom
Master bath with other features
Kitchen
Other kitchen features
Other appliances
Laundry & utility
Other laundry features
Flooring
Other flooring
Heating & cooling
Forced air heating
Electric cooling
Exterior features
Other exterior features
City street frontage
Asphalt road
Home design
Two-level home
Resale property
Parking
Carport with 2 spaces
Construction
Brick construction
Slab foundation
Other roof
Utilities
Public water
Public sewer
110-volt electric
Cable available
Electricity available
Natural gas available
Sewer available
Water available
Electricity and solar
View estimated energy costs and solar savings for this home
Start Generating Income From Day One! Tenant-occupied investment opportunity offering an estimated 7.74% cap rate and immediate cash flow. This spacious 5-bedroom, 3-bath home provides strong rental appeal, flexible living spaces, and broad tenant demand. Conveniently located near major highways, downtown Decatur, shopping, dining, and employment centers, this property combines income, appreciation potential, and future flexibility. At this price point, opportunities offering this combination of size, location, and investment potential are increasingly difficult to find. Continue leasing to the current tenant or plan for future owner occupancy. If purchased for owner occupancy, Seller requests a minimum 60-day closing period to accommodate tenant notice requirements.
Year
Property tax
Land + Additions
Assessment*
2025
$4,327 (−7.4%)
$27,000 + $76,560
$103,560
2024
$4,671 (+2.3%)
$27,000 + $76,560
$103,560
2023
$4,566 (+42.4%)
$22,560 + $73,400
$95,960
2022
$3,207 (+34.8%)
$20,000 + $44,680
$64,680
2021
$2,378
$18,778 + $27,022
$45,800
2020
$2,378 (+16.3%)
$18,778 + $27,022
$45,800
2019
$2,045 (−0.2%)
$18,778 + $27,022
$45,800
2018
$2,048 (+27.8%)
$6,560 + $31,640
$38,200
2017
$1,603 (−13.2%)
$6,560 + $31,640
$38,200
2016
$1,847 (+90.2%)
$6,560 + $26,920
$33,480
2014
$971 (+163.9%)
$6,560 + $19,560
$26,120
2012
$368 (+2.6%)
$6,560 + $6,760
$13,320
2011
$359 (−50.2%)
$6,160 + $9,104
$15,264
2010
$720 (−26.2%)
$14,246 + $13,594
$27,840
2008
$976
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.32 Acres
Year renovated
1993
Finished Sq. Ft.
1,203
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,203
Year built
1964
Style
Single Family Residential
County
DeKalb County
APN
15 154 14 010
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
R-75
Residential Medium Lot-75 District
The purpose and intent of the board of commissioners in establishing the R-75 (Residential Medium Lot-75) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of ten thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-75 (Residential Medium Lot-75) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
Communications tower
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...