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For sale

$414,000

Price cut $51,000

Est. monthly cost

$2,374/mo

3421 Rainbow Drive, Decatur, GA 30034

Listing by Real Broker, LLC

Beds
6
Baths
5
Sq ft
7,677
Lot
0.57 acres

About this home

Calling all investors and savvy buyers! Don't miss this spacious four-sided brick home with a full basement apartment offering excellent income producing potential. The home features generously sized rooms throughout, tall ceilings, site-finished hardwood floors, and extensive molding that showcase its original craftsmanship. The open kitchen includes an island with a breakfast bar and a bright bay window overlooking the backyard. The oversized primary suite offers a large walk-in closet and a spacious bathroom, while a secondary bedroom features its own private ensuite bath. The finished basement apartment includes two bedrooms, a full kitchen, living area, and full bathroom ideal for rental income, multigenerational living, or guests. The property also offers two separate parking areas with access from different sides of the home, allowing convenient dedicated parking for the basement apartment. This home is ready for updates and repairs but offers solid construction, a versatile floor plan, and exceptional space. With the right vision and improvements, this property presents a fantastic opportunity to build equity or create a strong investment.

Type
Single Family Residence
Year built
1966
Price per sq ft
$54
HOA
Yes
Garage
—
Property tax (2025)
$1,533/yr
Listed
—
MLS #
10813724

Features

BasementSingle story

Interior

Bookcases · Double Vanity · High Ceilings · Master On Main Level · Separate Shower · Tile Bath · Tray Ceiling(s) · Vaulted Ceiling(s) · Walk-In Closet(s)

Appliances

Cooktop · Dishwasher · Gas Water Heater · Microwave · Oven · Stainless Steel Appliance(s)

Heating

Natural Gas · Zoned

Cooling

Ceiling Fan(s) · Central Air · Zoned

Flooring

Carpet · Hardwood · Laminate · Tile

View

City

Lot

Corner Lot

Property details

Interior

Bedrooms on main level:
4
Primary bedroom on main:
Yes
Fireplaces:
1
Fireplace features:
Family Room
Basement:
Bath Finished, Daylight, Exterior Entry, Finished, Full, Interior Entry
Laundry:
Other
Windows:
Double Pane Windows
Accessibility:
Accessible Full Bath
Security:
Smoke Detector(s)
Levels:
One

Exterior and lot

Lot size:
0.57 acres
Patio and porch:
Patio, Porch
Spa:
Bath

Construction

Architectural style:
Brick 4 Side, Ranch, Traditional
Construction materials:
Brick
Roof:
Composition
Property condition:
Resale

Utilities

Sewer:
Public Sewer
Water source:
Public
Utilities:
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available
Green energy:
Appliances, Thermostat

Parking

Parking total:
2
Parking features:
Garage, Attached, Kitchen Level, Garage Door Opener, Side/Rear Entrance

Community and HOA

Subdivision:
Rainbow Estates
HOA:
Yes
Association fee includes:
Other

Taxes and financial

Annual tax amount:
$1,533 (2025)
Listing terms:
Cash
Special listing conditions:
As Is

Monthly cost

Estimated monthly cost

$2,374/mo

Principal & interest
$2,039
Property taxes
$128
Home insurance
$207

$82,800

Estimate only. Taxes use the listing's most recent figure where available; insurance assumes 0.6% of price per year, typical for the area, not including flood cover. Mortgage insurance applies below 20% down.

Price & status history

DateEventPrice
Oct 26, 2026Listed for sale$465,000

Schools

  • Rainbow

    Elementary

  • Chapel Hill

    Middle

  • Southwest Dekalb

    High

School assignments can change — verify with the district before you buy.

Location

More homes in Rainbow Estates

Listing information

Listing office:
Real Broker, LLC
Listing ID:
10813724
Status:
For sale
Contact phone:
770-826-1805
Contact email:
rachaelrealtor5@aim.com

Source: Georgia MLS · Updated 14m ago · Nov 15, 2026, 1:00 AM ET

Georgia MLS

Listings courtesy of Georgia MLS. Listing information © 2026 Georgia MLS. All rights reserved. Each listing names its listing firm.

© 2026 Georgia MLS. All rights reserved. Information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by GAMLS. Last updated Nov 15, 2026, 1:00 AM ET

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