Residential Income
For Sale
$275,000
3724 Redan Road, Decatur, GA 30032
COMMERCIAL - Decatur, GA
Property Size1,775 SF
Lot Size1.40 Acres
Price / SF$154.93
Days on Market56
Property Features for 3724 Redan Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
x
Parking
6
Parking features
Parking Lot
Directions
via Paul Edwin Dr;Head north on Paul Edwin Dr;Turn right onto Redan Rd
Standard status
Active
APN
15 220 01 040
Size
1,775 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2236
Utilities
Cooling system
Central Air
Building Details
Year built
1959
Floors in Building
1
Building materials
Brick
Listing Agency:
Century 21 Connect Realty · Century 21 Real Estate
(770) 640-6800
Listed By:
Carl Hall
(770) 640-6800
Added: Jun 8
Changed: Jul 30
Last Checked: Aug 2 at 12:06AM
MLS# 7783022
Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale residential income property is located at 3724 Redan Road, Decatur, GA 30032. The building footprint totals 1,775 square feet, and the parcel includes approximately 1.4 acres of land. Zoning is listed as “x,” and the property is categorized as both single-family properties and residential income properties.
The site is set up as a single parcel with room for outdoor space given the acreage, which may be relevant for day-to-day property management, tenant use, or basic site improvements. Prospective buyers should review the zoning designation and confirm any intended uses with the local jurisdiction.
From an investor or owner-operator perspective, this property may fit those looking for a residential income asset within the Decatur market. Because details beyond the building size, land size, and zoning category are not provided, buyers and tenants should plan to conduct their own due diligence on the existing improvements, condition, and any costs associated with bringing the property to their desired standard. For underwriting and decision-making, request full offering materials to confirm the unit configuration, current leasing status, and any additional site or building information.
The site is set up as a single parcel with room for outdoor space given the acreage, which may be relevant for day-to-day property management, tenant use, or basic site improvements. Prospective buyers should review the zoning designation and confirm any intended uses with the local jurisdiction.
From an investor or owner-operator perspective, this property may fit those looking for a residential income asset within the Decatur market. Because details beyond the building size, land size, and zoning category are not provided, buyers and tenants should plan to conduct their own due diligence on the existing improvements, condition, and any costs associated with bringing the property to their desired standard. For underwriting and decision-making, request full offering materials to confirm the unit configuration, current leasing status, and any additional site or building information.
Key Highlights
- Brick construction
- Central air cooling
- Parking lot parking
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 | $46.2k | $26.04 |
| − Vacancy | −$2.9k | −$1.61 |
| EGI | $43.4k | $24.43 |
| − OpEx | −$19.5k | −$10.99 |
| NOI | $23.8k | $13.43 |
1,775 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$340.6K
$298.1K – $397.4K
NOI $23,845 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.2K
$434.2K – $578.9K
NOI $34,733 @ 7.0% cap · market cap 12.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 30032, GA
44,697
Population
20,676
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
91%
High-School Grad
13.6 sq mi
ZIP Area
3,287
Density / Sq Mi
$61,292
Median Household Income
$37,443
Median Earnings
$1,364
Median Rent
$245,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - For-sale residential income asset with a substantial lot size and an identifiable building footprint on Redan Road.
Where is this single family property located?
The property is located at 3724 Redan Road Decatur, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Brick construction; Central air cooling; Parking lot parking
