Investor's Dream! Don't miss this turnkey 3-bedroom, 2.5-bath corner-unit townhome in the established Waldrop Station community. This is a fantastic opportunity to add an income-producing property to your portfolio with instant cash flow. The property is tenant-occupied with a lease in place through May 2027, providing immediate and reliable rental income from day one. Inside, you'll find a bright, open floor plan featuring updated flooring, fresh neutral paint, and a spacious eat-in kitchen with all appliances included. The oversized primary suite offers a private en-suite bath, while two additional bedrooms provide plenty of space for family, guests, or a home office. Enjoy low-maintenance ownership with an HOA that covers lawn maintenance, plus a private back patio and assigned parking. Conveniently located near shopping, restaurants, schools, public transportation, I-20, I-285, and downtown Atlanta, this property is in a location that continues to attract quality tenants. With no rental restrictions, this is an excellent opportunity for both seasoned and first-time investors looking for a property that's already generating income. Whether you're expanding your portfolio or purchasing your first investment property, this one is ready to start working for you the day you close. Schedule your showing today!
Active
$209,900
3831 Waldrop Ln, Decatur, GA 30034
3beds
1,424sqft
Townhouse
Built in 2003
3,484 Square Feet Lot
$183,000 Zestimate®
$147/sqft
$66/mo HOA
What's special
Bright open floor planAssigned parkingPrivate en-suite bathPrivate back patioOversized primary suiteUpdated flooringFresh neutral paint
- 22 days |
- 157 |
- 8 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Rhonda Dennis 404-454-2162,
Virtual Properties Realty.com
Source: GAMLS,MLS#: 10816050
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Other
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Oven/Range (Combo), Refrigerator
- Laundry: In Hall
Features
- Other
- Flooring: Carpet, Vinyl
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 1,424
- Total interior livable area: 1,424 sqft
- Finished area above ground: 1,424
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,484 Square Feet
- Features: Level
Details
- Parcel number: 15 071 03 076
- Special conditions: Investor Owned,No Disclosure
Construction
Type & style
- Home type: Townhouse
- Architectural style: Brick Front
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Connected
Community & HOA
Community
- Features: Sidewalks, Near Public Transport, Walk To Schools, Near Shopping
- Subdivision: Waldrop STation
HOA
- Has HOA: Yes
- Services included: Maintenance Grounds
- HOA fee: $790 annually
Location
- Region: Decatur
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $192,500
- Annual tax amount: $3,356
- Date on market: 7/30/2026
- Cumulative days on market: 22 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Electric utility on property: Yes
Estimated market value
Zestimate®
$183,000
Estimated sales range
$165,000 - $203,000
Rent Zestimate®
$1,750/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Listed for sale | $209,900+13.5%$147/sqft |
Source: | ||
| 6/7/2025 | Listing removed | $1,895$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2025 | Price change | $1,895-5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/2/2025 | Listed for rent | $1,995+30.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/30/2025 | Sold | $185,000-7%$130/sqft |
Source: | ||
| 3/30/2025 | Pending sale | $199,000$140/sqft |
Source: | ||
| 3/7/2025 | Listed for sale | $199,000$140/sqft |
Source: | ||
| 3/6/2025 | Pending sale | $199,000$140/sqft |
Source: | ||
| 2/21/2025 | Listed for sale | $199,000-4.3%$140/sqft |
Source: | ||
| 2/10/2025 | Listing removed | $208,000$146/sqft |
Source: | ||
| 12/16/2024 | Listed for sale | $208,000+133.7%$146/sqft |
Source: | ||
| 8/23/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/10/2023 | Listed for rent | $1,525$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/8/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/2/2023 | Listed for rent | $1,525$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/31/2023 | Price change | $1,525+5.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/27/2023 | Price change | $1,450-4.9%$1/sqft |
Source: GAMLS #20117076 Report a problem | ||
| 5/2/2023 | Price change | $1,525-5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/13/2023 | Listed for rent | $1,620+62.8%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/11/2019 | Sold | $89,000+64.8%$63/sqft |
Source: Public Record Report a problem | ||
| 1/4/2018 | Listing removed | $995$1/sqft |
Source: All 3 Realty - Property # 443356 Report a problem | ||
| 12/18/2017 | Listed for rent | $995$1/sqft |
Source: All 3 Realty LLC Report a problem | ||
| 7/29/2016 | Sold | $54,000-7.4%$38/sqft |
Source: | ||
| 6/27/2016 | Pending sale | $58,300$41/sqft |
Source: THE BRINKLEY REALTY GROUP LLC #5703588 Report a problem | ||
| 6/9/2016 | Listed for sale | $58,300-35.7%$41/sqft |
Source: THE BRINKLEY REALTY GROUP LLC #5703588 Report a problem | ||
| 5/20/2016 | Sold | $90,720-12%$64/sqft |
Source: Public Record Report a problem | ||
| 2/2/2016 | Sold | $103,138-9.5%$72/sqft |
Source: Public Record Report a problem | ||
| 10/20/2004 | Sold | $114,000$80/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,806 -9.5% | $77,000 -10.7% |
| 2024 | $4,204 +11.2% | $86,200 +10.9% |
| 2023 | $3,779 +25.1% | $77,720 +26.7% |
| 2022 | $3,021 +30.7% | $61,360 +35.8% |
| 2021 | $2,311 +22.3% | $45,200 +27% |
| 2020 | $1,890 +2.5% | $35,600 +3% |
| 2019 | $1,844 +22.4% | $34,560 +29% |
| 2018 | $1,507 +17.8% | $26,800 +24.3% |
| 2017 | $1,279 +120.8% | $21,568 +14.5% |
| 2016 | $579 | $18,840 +39.8% |
| 2014 | $579 | $13,480 |
| 2013 | -- | $13,480 |
| 2012 | -- | $13,480 -29.6% |
| 2011 | -- | $19,152 -30.8% |
| 2010 | $851 | $27,680 |
| 2009 | $851 -23.7% | $27,680 -37.2% |
| 2008 | $1,115 -0.7% | $44,080 |
| 2007 | $1,123 | $44,080 |
| 2006 | $1,123 +10.9% | $44,080 +3.5% |
| 2005 | $1,013 -41.3% | $42,600 +14.3% |
| 2004 | $1,727 | $37,280 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 30034
Nearby schools
GreatSchools rating
- 4/10Oakview Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Cedar Grove Middle SchoolGrades: 6-8Distance: 2.2 mi
- 1/10Cedar Grove High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Oak View
- Middle: Cedar Grove
- High: Cedar Grove
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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