BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup. OFFER REQUIREMENTS: Property sold as-is, do all due diligence before submitting an offer, $7,500 EM, the closing attorney must be the Fryer Law Firm
Single-familyProperty Type
1967Year Built
0.4 acresLot Size
$119Est. Price/Sq.Ft.
2 car garageParking
Listed by Josh Stanton• Keller Williams Realty Metro Atlanta
Bought with Brandon Beamer• Keller Williams Realty Metro Atlanta
Source:FMLS #7349389
Redfin Estimate
$297,398
$42K since sold in April 2024$18K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 3.3% lower than the average sale price ($307K) of 6 comparable homes.
BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup. OFFER REQUIREMENTS: Property sold as-is, do all due diligence before submitting an offer, $7,500 EM, the closing attorney must be the Fryer Law Firm
FMLS #6875053
May 20, 2021
Sold
$221,000
$89/sq ft
May 1, 2021
Pending
—
Apr 27, 2021
Listed
$180,000
$72/sq ft
Lovely 4 Sided Brick Property convenient located near I-20 and I-285. Great for 1st time home buyer or investor, ready for your stylish upgrades. Welcoming front porch enters into foyer. Home features separate LR & DR, hardwood floors, breakfast nook in kitchen, finished basement with wood burning fireplace, 2 door garage with lots of storage space and work room. You can’t beat this 4 sided brick with nice size backyard and patio that is great for outdoor entertaining.
GAMLS #8967904
May 20, 2021
Sold
$221,000
$89/sq ft
May 1, 2021
Pending
—
Apr 27, 2021
Listed
$180,000
$72/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,963 (−8.1%)
$14,400 + $106,720
$121,120
2024
$5,400 (+3.1%)
$14,400 + $106,720
$121,120
2023
$5,235 (+51.7%)
$14,400 + $98,600
$113,000
2022
$3,452
$18,000 + $52,600
$70,600
2021
$3,452 (+96.1%)
$18,000 + $52,600
$70,600
2020
$1,760 (+27.7%)
$18,000 + $52,600
$70,600
2019
$1,378 (−19.4%)
$7,560 + $34,000
$41,560
2018
$1,710 (−34.5%)
$7,560 + $44,080
$51,640
2017
$2,610 (+19.4%)
$7,560 + $44,080
$51,640
2016
$2,187 (+149.1%)
$7,560 + $33,960
$41,520
2014
$878 (+20.6%)
$7,560 + $28,000
$35,560
2013
$728 (−3.6%)
$15,680 + $7,040
$22,720
2012
$755 (−53.6%)
$15,680 + $7,040
$22,720
2011
$1,626 (−13.0%)
$14,800 + $32,096
$46,896
2010
$1,870 (+27.5%)
$14,800 + $40,000
$54,800
2008
$1,466
Tax history for 3646 Rainbow Dr
Year
Property tax
Land + Additions
Assessment*
2025
$4,963 (−8.1%)
$14,400 + $106,720
$121,120
2024
$5,400 (+3.1%)
$14,400 + $106,720
$121,120
2023
$5,235 (+51.7%)
$14,400 + $98,600
$113,000
2022
$3,452
$18,000 + $52,600
$70,600
2021
$3,452 (+96.1%)
$18,000 + $52,600
$70,600
2020
$1,760 (+27.7%)
$18,000 + $52,600
$70,600
2019
$1,378 (−19.4%)
$7,560 + $34,000
$41,560
2018
$1,710 (−34.5%)
$7,560 + $44,080
$51,640
2017
$2,610 (+19.4%)
$7,560 + $44,080
$51,640
2016
$2,187 (+149.1%)
$7,560 + $33,960
$41,520
2014
$878 (+20.6%)
$7,560 + $28,000
$35,560
2013
$728 (−3.6%)
$15,680 + $7,040
$22,720
2012
$755 (−53.6%)
$15,680 + $7,040
$22,720
2011
$1,626 (−13.0%)
$14,800 + $32,096
$46,896
2010
$1,870 (+27.5%)
$14,800 + $40,000
$54,800
2008
$1,466
*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
4
Stories
1
Lot width
—
Lot depth
—
Lot size
0.36 Acres
Year renovated
2003
Sq. Ft.
2,103
Year built
1967
Style
Single Family Residential
County
DeKalb County
APN
15 124 03 005
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
Property details
Parking
Parking Information
# of Garage Spaces: 2
Parking Features: Driveway, Garage
Open Parking: Yes
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 4
# of Main Level Bathrooms: 3
Master Bathroom Features: Shower Only
Bedroom Information
# of Main Level Bedrooms: 7
Bedroom Features: Other
Interior Features
Interior Features: Other
Common Walls: No Common Walls
Appliances: Electric Cooktop, Electric Oven, Microwave, Refrigerator
Flooring: Ceramic Tile, Hardwood
Room Information
LaundryFeatures: In Basement
Kitchen Features: Cabinets Stain,Stone Counters
Dining Room Features: None
Room Type: Other
Basement: Finished
Exterior
Property Information
Levels: Two
Above Grade Finished Area: 2,497
Construction Materials: Brick 4 Sides
Roof: Composition, Shingle
Patio And Porch Features: Patio
Property Condition: Resale
Foundation Details: Brick/Mortar
Ownership: Fee Simple
Lot Information
Waterfrontage Length: 0
TaxLegalDescription: 0
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Central Air
Heating: Natural Gas
Water Source: Public
Electric: 110 Volts
Sewer: Public Sewer
Utilities: Sewer Available
Location
Multi-Family Information
# Of Units To Be Built: 0
School Information
Elementary School: Rainbow
Middle Or Junior School: Chapel Hill - Dekalb
High School: Southwest Dekalb
Location Information
Directions: Take I-20E to Exit 66 towards Columbia Drive, Turn right on Columbia Dr, Turn left on to Rainbow Dr, property on left hand side.
Road Surface Type: Asphalt
Road Frontage Type: City Street
Dekalb - GA
Public facts
Beds: 3
Baths: 4.0
Sq. Ft.: 2,103
Stories: 1.0
Lot Size: 0.36 acres
Style: Single Family Residential
Year Built: 1967
Year Renovated: 2003
County: DeKalb County
APN: 15 124 03 005
Home facts updated by county records on Jun 22, 2026
Around this home
Schools
Columbia Elementary School
Public PreK-5 • Assigned • 1.2mi
4/10
Columbia Middle School
Public 6-8 • Assigned • 1.1mi
3/10
Columbia High School
Public 9-12 • Assigned • 1.4mi
2/10
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...