186 Lake Drive Atlanta, GA $ 435,000
186 Lake Drive
$ 435,000
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186 Lake Drive

Atlanta, GA, 30340
$ 435,000
Baths0.0

Monthly Estimate*

$ 2,714

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Studio Multi-Family Home for sale in Atlanta, GA for $435,000. This home was built in 1961 on a lot size of 0.24.

|| FULLY LEASED DUPLEX || || LONG-TERM TENANTS THROUGH MID-2026 || || STRONG CASH FLOW || || CONVENIENT LOCATION || || NO HOA & NO RENT RESTRICTIONS || 1700 SQ FT || || 2/1 ON EACH SIDE || || SELLER WILL SELL ALL 4 DUPLEXES (186, 188, 283 & 285 Lake Dr) for 1,668,000!! || ** What You'll See ** A SOLID BRICK DUPLEX standing strong since 1961, freshly updated with modern touches and clean curb appeal. You'll notice TWO SEPARATE DRIVEWAYS, each leading to its own private entrance and fenced backyard ideal for privacy and low-maintenance living. Step inside and see the durability of LVP AND TILE FLOORING throughout, paired with ORIGINAL TILE BATHS that offer character and longevity. The lot's 0.24 ACRES provide just enough outdoor space for tenants to enjoy, while the STORAGE SHEDS in the carports add practical value and organization. ** What You'll Hear ** From this central Doraville location, you'll hear the hum of a thriving community neighborhood sounds, friendly chatter, and the occasional passing train connecting you to the pulse of Atlanta just minutes away. The nearby I-285 and I-85 corridors keep the city within easy reach, yet the residential setting allows for a quieter, more stable environment where tenants stay long-term and investors enjoy steady, predictable income. ** What You'll Feel ** Feel the confidence of owning a TURNKEY INVESTMENT that's already producing $2,695 PER MONTH in gross rent with tenants locked in through mid-2026. You'll appreciate the peace of mind that comes from well-maintained interiors. This property feels balanced dependable income today with room to grow equity tomorrow through thoughtful updates or future rent increases. ** What You'll Experience ** Experience the satisfaction of smart ownership in a rapidly appreciating area with an ATLANTA ADDRESS and Gwinnett County taxes. You'll enjoy a sense of momentum stable returns now, long-term upside ahead, and a portfolio strengthened by a property that performs. Whether you're an experienced investor or just expanding your holdings, this DORAVILLE DUPLEX offers a reliable, income-producing opportunity in one of metro Atlanta's most convenient, connected neighborhoods. ** Recent sale of a similar property by the same owner supports the current list price. Strong comparable value established. Due diligence is for informational purposes only, as the home is being sold As-Is. See disclosures for all the information needed. Showings will only occur during the due diligence period. Cap on seller-paid closing costs of $7000. **

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Multi-Family Active

Price

$ 435,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,361

Style

Multi Family,Duplex

Lot Size

0.24

Year Built

1961

Town/City

Atlanta

County/Region

GWINNETT

MLS | Web ID

10628984

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Other
Utilities Other
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1961
Levels One
Property Subtype Multi Family Duplex
Tax Year 2024
Gross Income 32340
Community Features Street Lights Near Public Transport Walk To Schools Near Shopping
County Gwinnett
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
MaintenanceExpense 0
Subdivision Name Lake Windsor Heights
Garage Y/N N
Status Price Change
Directions I-85 N exit 96 right to follow signs for Northcrest Rd left on Northcrest Rd right on Oakcliff Rd left on Pleasantdale Rd left on Lake Dr
High School Norcross
City Atlanta
Senior Community Y/N N
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 10454.4
Carport Y/N N
Elementary School Susan Stripling
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 4361
Electric Expense 0
Home Warranty Y/N N
Fuel Expense 0
Middle/Junior High School Summerour
Property Condition Resale
Structure Type Duplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Basement None
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Other
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Off Street
Water Source Public
Total Parking 6
Lot Size Area 10454.4
Spa N
Lot Size Acres 0.24
Lot Size Source Owner
Waterfront Y/N N
Horse Y/N N
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* Excluded Features
List By
Duffy Realty

Broker

contracts@rhondaduffy.com

Email

Affordability Calculator

$3,077
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,714
Monthly Property Taxes
$363
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4134468 Elementary School
4133550 Middle School
Norcross High School High School
Pricing History
DatePricePrice ChangeDescription
10/21/2025$420,000 Listed Price

Map


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186 Lake Drive, Atlanta, GA, 30340 is a Multi-Family Home for sale at $435,000 with a lot size of 0.24. 186 Lake Drive is a studio with 0.0 baths and was built in 1961. The property's zip code is 30340 which is in Atlanta, GA