332 Lockwood Terrace Decatur, GA $ 745,000
332 Lockwood Terrace
$ 745,000
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332 Lockwood Terrace

Decatur, GA, 30030
$ 745,000
Baths0.0

Monthly Estimate*

$ 4,587

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Studio

Multi-Family Home for sale in Decatur, GA

for $745,000. This home was built in 1980 on a lot size of 0.38.

|| TENANT-OCCUPIED DUPLEX = INSTANT INCOME || NO HOA & NO RENT RESTRICTIONS || NEW WATER HEATERS IN BOTH UNITS || || TOP RATED SCHOOLS || SEPARATE DRIVEWAYS & LARGE YARDS || FRESH EXTERIOR PAINT & LANDSCAPING || MINUTES TO DOWNTOWN ATLANTA || Opportunity meets location at 332 Lockwood Terrace in Decatur, where lifestyle, flexibility, and income potential come together. This tenant-occupied duplex features two units, each offering 2 bedrooms and 1.5 baths with approximately 1,000 square feet, making it an ideal setup for investors seeking instant rental income or buyers who want to live in one side while renting the other. Recent improvements help enhance the property's appeal, including NEW WATER HEATERS in both units, fresh exterior paint, refurbishment of Unit B, and fresh landscaping that adds curb appeal the moment you arrive. Each unit also enjoys its own private driveway and large yard, giving residents the kind of space and independence that is hard to find in multifamily living. Picture the everyday convenience: mornings where tenants can hop in the car for an easy commute into Downtown Atlanta, or take advantage of easy MARTA access nearby. On weekends, the possibilities expand in every direction-explore Downtown Decatur's restaurants, shops, and local events, meet friends at one of the 10 nearby parks, cool off at one of the 3 public pools, or swing by the local farmer's market just 2 miles away for fresh produce and community vibes. With NO HOA and NO RENT RESTRICTIONS, this property offers rare flexibility for investors and owner-occupants alike. Combine that with two tenants already in place and top-rated schools nearby, and you have a property positioned for both lifestyle and long-term value. You can't beat this location or the opportunity for immediate income in one of Decatur's most convenient areas! **Renters are Family/Friends and Paying Below Market Value.**

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Multi-Family Active

Price

$ 745,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 3,392

Style

Lot Size

0.38

Year Built

1980

Town/City

Decatur

County/Region

Dekalb

MLS | Web ID

10707304

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Sewer Connected
HOA Fee 0
Association Fee Includes None
Construction Materials Wood Siding
Year Built 1980
Levels One
Property Subtype Multi Family Duplex
Tax Year 2025
Community Features Walk To Schools Near Shopping Near Public Transport
County DeKalb
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Subdivision Name None
Garage Y/N false
Status Active
Directions Ga-10 E/John Lewis Freedom Pkwy NE right on Ponce De Leon Ave NE continue straight to Scott Blvd right on N Decatur Rd right on Church St left on Sycamore Dr left on Fairview St right on Lockwood Terrace
High School Decatur
City Decatur
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 16552.8
Carport Y/N false
Elementary School Glennwood
Tax Annual Amount 3392
Middle/Junior High School Beacon Hill
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 true
Heating Y/N true
Fireplace Y/N false
Laundry Features In Unit
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 2
Lot Size Area 16552.8
Lot Size Acres 0.38
Lot Size Source Owner
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* Excluded Features
List By
Duffy Realty

Broker

contracts@rhondaduffy.com

Email

Affordability Calculator

$4,870
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,587
Monthly Property Taxes
$283
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4133224 Elementary School
4135595 Middle School
Decatur High School High School
Pricing History
DatePricePrice ChangeDescription
4/16/2026$745,000 -0.67% Price Down
3/10/2026$750,000 Listed Price

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332 Lockwood Terrace, Decatur, GA, 30030 is a Multi-Family Home for sale at $745,000 with a lot size of 0.38. 332 Lockwood Terrace is a studio with 0.0 baths and was built in 1980. The property's zip code is 30030 which is in Decatur, GA