Turnkey 1,440 square ft rental investment just outside the perimeter. This is an excellent opportunity to own a spacious two-story rental in a professionally managed, non-rent-restricted community just minutes from Atlanta. This cash-flowing rental exceeds the 1% rule in an up-and-coming pocket within the city of Decatur, representing a strong value-add opportunity for savvy investors. The location offers exceptional tenant appeal close to Flat Shoals Crossing shopping center for groceries and dining, and surrounded by outdoor amenities like Flat Shoals Creek, the Michelle Obama Trail, and Rainbow Park. Even more exciting, the rental is steps from The Gallery at South DeKalb, which is set to undergo a multi-million dollar redevelopment into a major MARTA bus transit hub by 2026. This future connectivity will make commuting to and from Atlanta even easier, enhancing the area's long-term rental demand. Owner is selling as part of a broader portfolio shift. A rare chance to invest in a high-demand, rapidly growing area! HOA is $390/monthly.
Multi-familyProperty Type
1973Year Built
871 sq ftLot Size
1 spaceParking
Listed by Zen Kramer• Ansley Real Estate
Contact: 803-528-7552
Bought with Salisia Murray• Atlanta Communities
Source:FMLS #7729018
Redfin Estimate
$109,568
$42K since sold in June 2026$16K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 5.4% higher than the average sale price ($104K) of 6 comparable homes.
Turnkey 1,440 square ft rental investment just outside the perimeter. This is an excellent opportunity to own a spacious two-story rental in a professionally managed, non-rent-restricted community just minutes from Atlanta. This cash-flowing rental exceeds the 1% rule in an up-and-coming pocket within the city of Decatur, representing a strong value-add opportunity for savvy investors. The location offers exceptional tenant appeal close to Flat Shoals Crossing shopping center for groceries and dining, and surrounded by outdoor amenities like Flat Shoals Creek, the Michelle Obama Trail, and Rainbow Park. Even more exciting, the rental is steps from The Gallery at South DeKalb, which is set to undergo a multi-million dollar redevelopment into a major MARTA bus transit hub by 2026. This future connectivity will make commuting to and from Atlanta even easier, enhancing the area's long-term rental demand. Owner is selling as part of a broader portfolio shift. A rare chance to invest in a high-demand, rapidly growing area!
FMLS #7668461
Mar 2, 2026
Price Changed
$94,500
Mar 2, 2026
Listing Removed
—
Feb 3, 2026
Price Changed
$99,500
Jan 7, 2026
Price Changed
$103,000
Oct 22, 2025
Price Changed
$109,500
Oct 20, 2025
Listed
$125,000
GAMLS #10627991
Mar 2, 2026
Price Changed
$94,500
Mar 2, 2026
Listing Removed
—
Feb 3, 2026
Price Changed
$99,500
Jan 7, 2026
Price Changed
$103,000
Oct 22, 2025
Price Changed
$109,500
Oct 20, 2025
Listed
$125,000
FMLS #7558660
Oct 2, 2025
Listing Removed
—
Sep 2, 2025
Price Changed
$109,500
Jul 9, 2025
Price Changed
$114,500
May 19, 2025
Price Changed
$119,500
Apr 11, 2025
Listed
$125,000
GAMLS #10498955
Oct 2, 2025
Listing Removed
—
Sep 2, 2025
Price Changed
$109,500
Jul 9, 2025
Price Changed
$114,500
May 19, 2025
Price Changed
$119,500
Apr 11, 2025
Listed
$125,000
GAMLS #10198392
Sep 7, 2023
Sold
$105,000
Aug 23, 2023
Listed
$110,000
FMLS #7198552
Sep 7, 2023
Sold
$105,000
Aug 25, 2023
Contingent
—
May 1, 2023
Relisted
—
Apr 28, 2023
Contingent
—
Apr 17, 2023
Relisted
—
Apr 12, 2023
Contingent
—
Apr 5, 2023
Listed
$110,000
GAMLS #10147534
Aug 31, 2023
Listing Removed
—
Apr 5, 2023
Listed
$110,000
GAMLS #10134825
Mar 6, 2023
Listing Removed
—
Feb 24, 2023
Listed
$111,500
GAMLS #8664578
Nov 26, 2019
Listing Removed
—
Sep 22, 2019
Listed
$82,000
GAMLS #7492694
Nov 22, 2015
Listing Removed
—
Jul 21, 2015
Listed
$45,000
GAMLS #7487510
Jul 21, 2015
Listing Removed
—
Jul 11, 2015
Listed
$45,000
GAMLS #7105866
Nov 5, 2013
Price Changed
$14,511
Oct 18, 2013
Sold
$14,511
Public Records
Sep 27, 2007
Sold
$46,000
Public Records
Jan 7, 2002
Sold
$46,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,190 (−0.6%)
$5,600 + $36,040
$41,640
2024
$2,204 (+63.1%)
$5,600 + $36,040
$41,640
2023
$1,352 (+7.7%)
$2,760 + $39,240
$42,000
2021
$1,255 (+12.4%)
$3,200 + $18,800
$22,000
2020
$1,116 (+24.2%)
$3,200 + $18,800
$22,000
2019
$898 (+7.6%)
$1,600 + $12,280
$13,880
2018
$834 (−20.5%)
$1,600 + $10,800
$12,400
2017
$1,049 (−13.8%)
$1,600 + $10,800
$12,400
2016
$1,217 (+120.9%)
$1,040 + $19,960
$21,000
2014
$551 (+122.3%)
$1,040 + $6,880
$7,920
2013
$248 (+43.4%)
$1,040 + $3,520
$4,560
2012
$173 (−3.8%)
$1,040 + $2,240
$3,280
2011
$180 (−70.7%)
$920 + $2,584
$3,504
2010
$613 (−19.7%)
$4,372 + $10,316
$14,688
2008
$764
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
—
Year renovated
1993
Sq. Ft.
1,440
Year built
1973
Style
Condo/Co-op
County
DeKalb County
APN
15 090 06 023
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 1, 2026.
RSM
I2T2
Small Lot Residential Mix District
The purpose and intent of the board of commissioners in establishing the RSM Small Lot Residential Mix District is as follows: To provide for the creation of residential neighborhoods that allow a mix of single-family attached and detached housing options; To provide flexibility in design and product on the interior of new development while protecting surrounding neighborhoods; To implement the future development map of the county's most current comprehensive plan.
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
Location
Unit 1 Information
# of Beds Total: 3
# of Baths Total: 2
Actual Rent: $1,275
Deposit Amount: $1,275
Occupant Information: Avail In 1-3 Mon
Features: Central Air, Dishwasher, Dryer, Fire Place, Patio, Range/Oven, Refrigerator, Washer
Electric Included: No
Garbage Included: Yes
Gas Included: No
Water Included: No
Maintenance Included: Yes
Multi-Family Information
# Of Units Total: 1
School Information
Elementary School: Bob Mathis
Middle Or Junior School: Chapel Hill - Dekalb
High School: Southwest Dekalb
Location Information
Directions: GPS
Dekalb - GA
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,440
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1973
Year Renovated: 1993
County: DeKalb County
APN: 15 090 06 023
Home facts updated by county records on Sep 30, 2026
Around this home
Schools
Bob Mathis Elementary School
Public PreK-5 • Assigned • 0.9mi
5/10
Chapel Hill Middle School
Public 6-8 • Assigned • 2.5mi
4/10
Southwest Dekalb High School
Public 9-12 • Assigned • 2.0mi
4/10
Provided by GreatSchools
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...