3766 Conley Downs Lane, Decatur, GA 30034
Other - Decatur, GA
- Added:
- Jun 22, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 3766 Conley Downs Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Garage - Attached
- Standard status
- Active
- Lot size
- 0.35 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- Flooring type
- Hardwood
- Roof type
- Composition
- Architectural style
- Other
Listing agent Ryan Bowen (404) 587-5961
Listing office Intown Office 1163 West Peachtree Street NE, Suite 200, Atlanta, GA (404) 266-8100
Listing date Jun 22, 2026
Copyright © 2026 Berkshire Hathaway HomeServices Georgia Properties. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- $2,500/month long‑term tenant in place for immediate rental income; sold as‑is with tenant in place
- 4‑bedroom, 2‑bath split‑level home with approximately 1,926 SF
- Hardwood floors and fireplace, plus a deck
- Central heating and central air
- Attached garage parking, plus composition roof
- 0.40‑acre lot in an established Decatur area
Overview
The residence is located in Decatur, Georgia, on a lot sized at 0.35 acres, in an established area. A tenant is in place and currently paying $2,500 per month with no reported vacancy.
For buyers seeking an occupied rental, this property offers immediate collection from a long-term tenancy while maintaining the standard single-family lifestyle tenant demand expects. The split-level configuration provides a practical interior layout, and the combination of indoor features like hardwood flooring and a fireplace with outdoor space on the deck can support everyday livability. The seller is offering the property as-is, making it straightforward for qualified investors or owner-operators prepared to assume the existing condition and tenancy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $26.04 |
| − Vacancy | −$3.1k | −$1.61 |
| EGI | $47.0k | $24.43 |
| − OpEx | −$21.2k | −$10.99 |
| NOI | $25.9k | $13.43 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.264395
- Latitude
- 33.67156
