3766 Conley Downs Lane, Decatur, GA 30034
Multi Family - Decatur, GA
- Added:
- Apr 27, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 12 at 10:06 am
Property Features for 3766 Conley Downs Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Multi Family
- Parking features
- Garage, Garage - Attached
- Standard status
- Active
- Size
- 1,926 SF
- Lot size
- 350.00 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1988
- 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 Apr 27, 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
- Immediate cash flow with long‑term tenant paying $2,500/month
- 4‑bedroom, 2‑bath single‑family home in Decatur
- Functional split‑level layout with approximately 1,926 square feet
- Features include hardwood floors, fireplace, garage, and deck
- Situated on a 0.40‑acre lot in an established area
- Central heating and air conditioning
Overview
Located in Decatur, Georgia within DeKalb County, the home sits on a roughly 0.40-acre lot in an established area. The listing notes consistent rental demand for the area and emphasizes that the home is currently occupied.
A long-term tenant is in place, paying $2,500 per month, and the property is presented with no vacancy. For investors seeking income-producing residential real estate with in-place occupancy, this home offers a straightforward option: purchase as-is with the tenant remaining 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- DeKalb
- State
- Georgia
- Longitude
- -84.264191
- Latitude
- 33.671569
