Calling all investors and savvy buyers! Don't miss this spacious four-sided brick home with a full basement apartment offering excellent income producing potential. The home features generously sized rooms throughout, tall ceilings, site-finished hardwood floors, and extensive molding that showcase its original craftsmanship. The open kitchen includes an island with a breakfast bar and a bright bay window overlooking the backyard. The oversized primary suite offers a large walk-in closet and a spacious bathroom, while a secondary bedroom features its own private ensuite bath. The finished basement apartment includes two bedrooms, a full kitchen, living area, and full bathroom ideal for rental income, multigenerational living, or guests. The property also offers two separate parking areas with access from different sides of the home, allowing convenient dedicated parking for the basement apartment. This home is ready for updates and repairs but offers solid construction, a versatile floor plan, and exceptional space. With the right vision and improvements, this property presents a fantastic opportunity to build equity or create a strong investment.
Calling all investors and savvy buyers! Don't miss this spacious four-sided brick home with a full basement apartment offering excellent income producing potential. The home features generously sized rooms throughout, tall ceilings, site-finished hardwood floors, and extensive molding that showcase its original craftsmanship. The open kitchen includes an island with a breakfast bar and a bright bay window overlooking the backyard. The oversized primary suite offers a large walk-in closet and a spacious bathroom, while a secondary bedroom features its own private ensuite bath. The finished basement apartment includes two bedrooms, a full kitchen, living area, and full bathroom ideal for rental income, multigenerational living, or guests. The property also offers two separate parking areas with access from different sides of the home, allowing convenient dedicated parking for the basement apartment. This home is ready for updates and repairs but offers solid construction, a versatile floor plan, and exceptional space. With the right vision and improvements, this property presents a fantastic opportunity to build equity or create a strong investment.
FMLS #7811502
Jul 31, 2026
Listed
$465,000
$61/sq ft
Jul 27, 2026
Coming Soon
$465,000
$61/sq ft
Public Records
Mar 1, 1996
Sold
$107,000
$14/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,533 (−12.8%)
$11,880 + $248,920
$260,800
2024
$1,759 (+9.0%)
$11,880 + $248,920
$260,800
2023
$1,613 (−9.2%)
$7,920 + $249,760
$257,680
2022
$1,777
$7,920 + $211,240
$219,160
2021
$1,777 (+6.6%)
$7,920 + $181,480
$189,400
2020
$1,667 (+6.7%)
$7,920 + $181,480
$189,400
2019
$1,563 (+57.6%)
$4,880 + $140,400
$145,280
2018
$991 (−10.4%)
$4,720 + $89,680
$94,400
2017
$1,106 (+17.2%)
$4,720 + $89,680
$94,400
2016
$944 (+288.5%)
$4,880 + $97,960
$102,840
2014
$243 (+7.4%)
$4,880 + $89,520
$94,400
2013
$226 (−55.7%)
$4,760 + $20,840
$25,600
2012
$510 (−31.9%)
$4,760 + $20,840
$25,600
2011
$749 (−46.5%)
$5,640 + $26,376
$32,016
2010
$1,401 (+71.7%)
$24,666 + $102,758
$127,424
2008
$816
Public record
Public record
Zoning
Beds
4
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.57 Acres
Year renovated
2012
Finished Sq. Ft.
7,677
Unfinished Sq. Ft.
—
Total Sq. Ft.
7,677
Year built
1966
Style
Single Family Residential
County
DeKalb County
APN
15 123 02 060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 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...
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
5/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
5/10 Air Factor
6 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Decatur, GA • 30034
Average low and high temperatures (°F)
51
33
61
41
72
48
78
56
79
62
86
69
92
74
84
69
84
67
76
55
67
48
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 19% for direct sun exposure in Decatur. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.3 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3421 Rainbow Dr
$453,181
$12K under list price of $465K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $220K to $545K.