About This Home

This 6-bedroom, 5-bathroom single family at 3421 Rainbow Drive in Decatur, GA is listed for $440,000 ($57 per sqft). Built in 1966, the home offers 7,677 sqft of living space on a 0.57 acres lot.

Key Features

  • Built in 1966
  • 0.57 acre lot
  • 3 parking spaces
  • Fireplace

Property Details

1 story
5 full
2-car garage
1966

Amenities

FireplaceViewHardwoodA/C
Listing Description

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.

Monthly Cost Estimate

$2,353/mo

20% down · 6.5% · 30 years

Principal$318
Interest$1,907
Insurance$128

Estimates only. Actual payments may vary.

Location

3421 Rainbow Drive

Decatur, GA 30034

Rainbow Estates

Features & Amenities

Interior Features

BookcasesCoffered Ceiling(s)Crown MoldingDouble VanityEntrance FoyerHigh Ceilings 10 ft MainTray Ceiling(s)Vaulted Ceiling(s)Walk-In Closet(s)

Exterior Features

CourtyardPrivate Entrance

Property Details

Flooring

TileLaminateHardwoodCarpet

Construction

Brick 4 Sides

Views

City

Outdoor Features

Porch

Parking

OpenDrivewayGarage

Heating

Natural GasZoned

Cooling

Central AirCeiling Fan(s)

Appliances

DishwasherElectric OvenGas CooktopGas Water HeaterMicrowave

Questions & Answers

This 6-bedroom, 5-bathroom single family at 3421 Rainbow Drive is listed at $440,000 ($57/sqft). The estimated monthly payment is $2,353 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1966, 0.57 acre lot, 3 parking spaces, Fireplace. Interior Features: Bookcases, Coffered Ceiling(s), Crown Molding. Exterior Features: Courtyard, Private Entrance.

This property is listed by Rachael King and can be reached at 7708261805.

RK

Rachael King

Agent at Realtyka, LLC

(770) 826-1805
Agent website

Listed by Realtyka, LLC · Broker phone: (512) 800-6894 · View on Broker Site · Broker website

MLS# 7811502· Source: First Multiple Listing Service, Inc.· 28 days on PropertySimple

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.

3421 Rainbow Drive, Decatur, GA 30034

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