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    Decatur Rental Property with Tenant Title is generated by Realmo AI

    3766 Conley Downs Lane, Decatur, GA 30034

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    For Sale
    $300,000

    Other - Decatur, GA

    Property size:
    1,926 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $155/SF
    Added:
    Jun 5, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 12 at 10:06 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
    Size
    1,926 SF
    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

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    Listing Contact
    Ryan Bowen

    Listing agent Ryan Bowen

    Listing office Intown Office 1163 West Peachtree Street NE, Suite 200, Atlanta, GA

    Listing date Jun 5, 2026

    MLS# 7760066 Listing URL

    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

    Located in Decatur, Georgia, this single-family rental property features a long-term tenant. The property includes 4 bedrooms and 2 bathrooms within approximately 1,926 square feet. The layout is a functional split-level design, complemented by hardwood floors, a fireplace, a garage, and a deck. Situated on a 0.35-acre lot, the property is located in an established area known for consistent rental demand. The property provides immediate income with no vacancy, making it a strong addition to an investment portfolio with upside potential over time. Sold as-is with tenant in place.

    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
    1,926 SF · lease $26.04/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $369.6K
    $323.4K – $431.2K (±1% cap)
    NOI $25,874 @ 7.0% cap · market cap 8.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $538.4K
    $471.1K – $628.1K (±1% cap)
    NOI $37,687 @ 7.0% cap · market cap 12.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Accounting Firm Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    DeKalb
    State
    Georgia
    Longitude
    -84.264395
    Latitude
    33.67156

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    FAQs

    What type of property is this?
    Single family property - Cash-flowing Decatur rental property with long-term tenant in place.
    Where is this single family property located?
    The property is located at 3766 Conley Downs Lane Decatur, GA.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $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
    (404) 587-5961
    We can help!
    Listing Contact
    Ryan Bowen
    Real Estate License ID: 354541
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