188 Lake Drive
Atlanta, GA, 30340 $ 435,000
Bedrooms4 Baths2.0 Monthly Estimate*
$ 2,714
Multi-Family Home for sale in Atlanta, GA
for $435,000 with 4 bedrooms and 2 full baths. 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 $2,745 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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FeaturesGeneralSewer Public Sewer
Heating Other
Cooling Other
Utilities Other
Possession Negotiable
Roof Composition
Security Features None
Construction Materials Brick
Year Built 1961
View Trees/Woods
Levels One
Property Subtype Other
Tax Year 2024
Gross Income 32940
Waterfront Features N
Community Features Near Public Transport Near Schools Near Shopping Street Lights
Accessibility None
County Gwinnett - GA
Net Operating Income 0
Operating Expense 0
Property Type Residential Income
HOA No
Energy Efficient None
Subdivision Name Lake Windsor Heights
Green Energy Generation None
Status Active
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
Body of Water None
Number Of Units Total 2
Elementary School Stripling
Property Attached Y/N No
Tax Annual Amount 3626
Home Warranty Y/N No
Middle/Junior High School Summerour
Property Condition Resale
Virtual Tour https://photos.google.com/u/2/direct/AF1QipMXbgKKLTr3fsjGfj67NfGiftm4AwwztHSkunnDCiu3yFtJMnr1bwzz0Zf4zIUhkQ?pli=1
Standard Status Active
Occupancy Type Tenant
Tax Lot .
Cap Rate 0
Legal Description .
Corporate Owner None
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InteriorFlooring Ceramic Tile Laminate
Furnished Y/N Unfurnished
Window Features None
Total Baths 0
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ExteriorFencing Wood
Parking Features Carport
Lot Features Level
Water Source Public
Total Parking 6
Lot Dimensions 0
Lot Size Acres 0.24
Private Pool No
Lot Size Source Owner
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* Excluded FeaturesList ByRHONDA DUFFYListing Agent
Duffy Realty Of AtlantaBroker
contracts@rhondaduffy.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,714
- Monthly Property Taxes
- $302
- 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.
Learn more about how to save NearbyMulti-family listings in Norcross, GA
Average List Price $432,829
Percent of Sale Price 0%
About Norcross, GA 16,649 Population
9% Since 2002
$ 41,426 Median Income
33.95 Median Age
45% Households with Children
Trends Information provided by ATTOM Data Solutions.
2135893 Elementary School
1926359 Middle School
Norcross High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/22/2025 | $420,000 | | Listed Price |