1640 Lakewood Avenue SE
Atlanta, GA, 30315 $ 175,000
Bedrooms6 Baths4.0 Sq 4,757 Monthly Estimate*
$ 1,078
for $175,000 with 6 bedrooms and 4 full baths. This 4,757 square foot home was built in 1940 on a lot size of 0.2727.
This Lakewood Heights property is a unique investor opportunity with mixed-use zoning and flexible uses! While it is technically being called a duplex because it is on 2 meters, the setup lives more like a quadraplex with 4 separate units and 6 total rooms. The current layout includes two studio-style apartments with 1 bedroom and 1 bathroom each, plus two additional 2-bedroom, 1-bath style units, giving you multiple ways to create rental income under one roof. The mixed-use zoning is where this property really gets interesting. You can renovate the current setup and hold it as a rental, reconfigure the existing units, explore live/work potential, or look into future commercial, residential, or multi-unit redevelopment options. This is not just a standard residential property. It gives you room to think bigger, especially in a corridor already seeing new construction and redevelopment. Inside, the property has several key pieces already in place, including multiple kitchens, multiple bathrooms, gas ranges, white cabinetry, updated-looking flooring, and flexible rooms that can be used for bedrooms, living areas, office space, or tenant setups. The covered front porch gives the property character, and the lot gives you additional space to work with. Located right on Lakewood Avenue in Lakewood Heights, this property sits close to Lakewood Amphitheatre, The Ron Clark Academy, and major Atlanta routes. With 4 separate units, 2 meters, mixed-use zoning, and strong upside in a growing Atlanta location, this is the kind of property investors look for when they want options. Don’t wait, take a tour today!
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FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities None
Roof Composition
Appliances Gas Range Refrigerator
Patio/Porch Features Covered
Architectural Style Traditional
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Wood Siding
Year Built 1940
Electric None
View Other
Levels One
Property Subtype Single Family Residence
Tax Year 2024
Parcel Number 14 005700170228
Waterfront Features None
Community Features None
Accessibility None
HOA Fee 2 0
County Fulton - GA
Property Type Residential
HOA false
Energy Efficient None
Subdivision Name Lakewood Heights
Green Energy Generation None
Other Structures None
Full Baths 4
Status Active
Directions 75 South -> Exit 244 -> turn left onto GA-54 S/University Ave SW -> Turn right onto McDonough Blvd SE -> Turn right onto Lakewood Ave SE -> The home will be on the left
High School G.W. Carver
City Atlanta
Body of Water None
Spa Features None
Elementary School Thomas Heathe Slater
Property Attached Y/N false
Land Lease Y/N false
Tax Annual Amount 2111
Home Warranty Y/N false
Middle/Junior High School Judson Price
Property Condition Resale
Standard Status Active
Freehold IDX
Corporate Owner None
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InteriorInterior Amenities Other
Basement Bath/Stubbed
Flooring None
Total Fireplaces 0
Fireplace Features None
Common Walls No Common Walls
Window Features None
Half Baths 0
Laundry Features None
Total Bedrooms 6
Room Type Other
Main Level Bedrooms 6
Main Level Bathrooms 4
Kitchen Features Cabinets Other Laminate Counters
Total Baths 4
Primary Bathroom Features None
Dining Room Features Separate Dining Room
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ExteriorExterior Amenities None
Fencing None
Parking Features On Street
Lot Features Back Yard
Water Source Public
Foundation Details Slab
Building Area Total 4757
Lot Dimensions x
Lot Size Acres 0.2727
Road Surface Type Paved
Lot Size Source Public Records
Road Frontage Type City Street
Other Equipment None
Horse Amenities None
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* Excluded FeaturesList ByNicholas DixonListing Agent
Atlanta CommunitiesBroker
dixonpallas@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,078
- Monthly Property Taxes
- $176
- 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.
Learn more about how to save NearbySingle family listings in Atlanta, GA
Average List Price $819,896
Percent of Sale Price 369%
About Atlanta, GA 478,204 Population
15% Since 2002
$ 55,840 Median Income
35.72 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
3420704 Elementary School
3420703 Middle School
G.W. Carver High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/16/2026 | $175,000 | | Listed Price |