Calling all real estate investors looking for a strong return on investment! 4422 Wellington Terrace in Decatur, presents a great opportunity to acquire a property with a 10.15% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. 4422 Wellington Terrace is an excellent location for occupants who desire retail, shops and restaurants in close proximity. Kroger, McDonald's, Home Depot, Planet Fitness are all just a stone's throw away! Easy access to I-20 means you can zip into Downtown Atlanta in 25 minutes or less. Make this cash-flowing winner a part of your real estate portfolio today!
Single-familyProperty Type
1987Year Built
0.28 acresLot Size
$165Est. Price/Sq.Ft.
1 car garageParking
Listed by Allison Haywood• Bolst
Bought with Joshua Bowser• Cornerstone Real Estate Partners, LLC
Source:FMLS #7528634
Redfin Estimate
$306,111
$13K since sold in July 2025$2,000 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13.8% higher than the average sale price ($269K) of 5 comparable homes.
Calling all real estate investors looking for a strong return on investment! 4422 Wellington Terrace in Decatur, presents a great opportunity to acquire a property with a 10.15% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. 4422 Wellington Terrace is an excellent location for occupants who desire retail, shops and restaurants in close proximity. Kroger, McDonald's, Home Depot, Planet Fitness are all just a stone's throw away! Easy access to I-20 means you can zip into Downtown Atlanta in 25 minutes or less. Make this cash-flowing winner a part of your real estate portfolio today!
FMLS #7174976
Apr 27, 2023
Sold
$255,000
$137/sq ft
Apr 10, 2023
Pending
—
Mar 13, 2023
Relisted
—
Mar 11, 2023
Pending
—
Mar 6, 2023
Contingent
—
Feb 10, 2023
Listed
$295,000
$159/sq ft
This is a wonderful home featuring a spacious great room and big backyard perfect for entertaining. You will find all 4 bedrooms are on the upper level. The home is only minutes away from I20 and I285 and it is close to shopping and downtown Atlanta. This is just the right place for you to call home and build upon. No HOA. **It is Tenant Occupied. Do not Disturb Tenants.**
GAMLS #10130358
Apr 27, 2023
Sold
$255,000
$137/sq ft
Apr 10, 2023
Pending
—
Mar 13, 2023
Relisted
—
Mar 6, 2023
Pending
—
Feb 10, 2023
Listed
$295,000
$159/sq ft
Public Records
Jan 13, 2005
Sold
$105,000
$57/sq ft
Public Records
Mar 2, 1989
Sold
$97,000
$52/sq ft
Public Records
Oct 29, 1987
Sold
$91,000
$49/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,011
$12,000 + $87,760
$99,760
2024
$5,006 (+12.2%)
$12,000 + $87,760
$99,760
2023
$4,460 (+0.8%)
$11,920 + $90,080
$102,000
2022
$4,425 (+36.2%)
$7,160 + $85,760
$92,920
2021
$3,249 (+8.2%)
$7,160 + $58,960
$66,120
2020
$3,003 (−3.1%)
$7,160 + $58,960
$66,120
2019
$3,098 (+71.9%)
$7,160 + $55,520
$62,680
2018
$1,802 (+7.6%)
$7,160 + $47,240
$54,400
2017
$1,675 (+0.7%)
$7,160 + $47,240
$54,400
2016
$1,663 (+40.1%)
$7,160 + $42,560
$49,720
2014
$1,187 (+23.0%)
$7,160 + $22,960
$30,120
2013
$965 (−3.9%)
$7,160 + $23,000
$30,160
2012
$1,004 (−20.3%)
$7,160 + $23,000
$30,160
2011
$1,260 (−24.1%)
$7,080 + $29,688
$36,768
2010
$1,660 (−8.5%)
$11,760 + $40,880
$52,640
2008
$1,814
Tax history for 4422 Wellington Ter
Year
Property tax
Land + Additions
Assessment*
2025
$5,011
$12,000 + $87,760
$99,760
2024
$5,006 (+12.2%)
$12,000 + $87,760
$99,760
2023
$4,460 (+0.8%)
$11,920 + $90,080
$102,000
2022
$4,425 (+36.2%)
$7,160 + $85,760
$92,920
2021
$3,249 (+8.2%)
$7,160 + $58,960
$66,120
2020
$3,003 (−3.1%)
$7,160 + $58,960
$66,120
2019
$3,098 (+71.9%)
$7,160 + $55,520
$62,680
2018
$1,802 (+7.6%)
$7,160 + $47,240
$54,400
2017
$1,675 (+0.7%)
$7,160 + $47,240
$54,400
2016
$1,663 (+40.1%)
$7,160 + $42,560
$49,720
2014
$1,187 (+23.0%)
$7,160 + $22,960
$30,120
2013
$965 (−3.9%)
$7,160 + $23,000
$30,160
2012
$1,004 (−20.3%)
$7,160 + $23,000
$30,160
2011
$1,260 (−24.1%)
$7,080 + $29,688
$36,768
2010
$1,660 (−8.5%)
$11,760 + $40,880
$52,640
2008
$1,814
*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
4
Baths
2.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
1998
Sq. Ft.
1,856
Year built
1987
Style
Single Family Residential
County
DeKalb County
APN
15 130 02 106
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-85
Residential Medium Lot-85 District
The purpose and intent of the board of commissioners in establishing the R-85 (Residential Medium Lot-85) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of twelve 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-85 (Residential Medium Lot-85) 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: 1
Parking Features: Driveway, Garage, Garage Faces Front
Open Parking: Yes
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
# of Main Level Bathrooms: 1
Master Bathroom Features: Double Vanity,Separate His/Hers,Separate Tub/Shower,Soaking Tub
Bedroom Information
# of Main Level Bedrooms: 4
Bedroom Features: Oversized Master
Interior Features
# of Fireplaces: 1
Fireplace Features: Family Room, Gas Starter
Interior Features: Bookcases, Disappearing Attic Stairs, Entrance Foyer, High Ceilings 9 ft Lower, His and Hers Closets, Tray Ceiling(s), Walk-In Closet(s)
Common Walls: No Common Walls
Appliances: Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring: Hardwood
Room Information
LaundryFeatures: Lower Level
Kitchen Features: Breakfast Room,Cabinets Stain,Eat-in Kitchen,Kitchen Island,Pantry,Solid Surface Counters,View to Family Room
Dining Room Features: Separate Dining Room
Room Type: Bonus Room, Family Room
Exterior
Property Information
Levels: Two
Above Grade Finished Area: 1,856
Construction Materials: Brick Front, Vinyl Siding
Exterior Features: Private Yard, Rain Gutters
Roof: Composition
Fencing: Back Yard, Chain Link, Fenced
Patio And Porch Features: Covered, Front Porch, Patio
Property Condition: Resale
Foundation Details: Slab
Ownership: Fee Simple
Lot Information
Waterfrontage Length: 0
TaxLegalDescription: 85 X 142 X 85 X 142. . . . . . . . . . .0.27 STRATTON AT SNAPFINGER BLOCK A LOT 03
Financial
Financial Information
Buyer Financing: Other
Utilities
Utility Information
Cooling: Ceiling Fan(s), Central Air
Heating: Central, Forced Air, Natural Gas
Water Source: Public
Electric: Other
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Location
Multi-Family Information
# Of Units To Be Built: 0
HOA Information
Association Fee Frequency: Annually
Association Fee2 Frequency: Annually
School Information
Elementary School: Canby Lane
Middle Or Junior School: Mary McLeod Bethune
High School: Towers
Location Information
Directions: Please use GPS.
Road Surface Type: Paved
Road Frontage Type: Other
Dekalb - GA
Community Information
Community Features: Near Schools, Near Shopping, Park, Street Lights
Public facts
Beds: 4
Baths: 2.5
Sq. Ft.: 1,856
Stories: 2.0
Lot Size: 0.28 acres
Style: Single Family Residential
Year Built: 1987
Year Renovated: 1998
County: DeKalb County
APN: 15 130 02 106
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
K - 12
Preschool & daycare
Canby Lane Elementary School
Public PreK-5 • Assigned • 0.8mi
5/10
Mary Mcleod Bethune Middle School
Public 6-8 • Assigned • 1.3mi
2/10
Towers High School
Public 9-12 • Assigned • 2.7mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
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
7 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Decatur, GA • 30035
Average low and high temperatures (°F)
51
33
61
41
72
49
78
56
80
62
87
69
91
74
84
69
84
65
73
55
67
48
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.8 hours in December, which is comparable to the
U.S. average for solar exposure.
9.3 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$291,000 – $353,000
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