1640 Lakewood Avenue SE Atlanta, GA $ 175,000
1640 Lakewood Avenue SE
$ 175,000
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1640 Lakewood Avenue SE

Atlanta, GA, 30315
$ 175,000
Baths0.0

Monthly Estimate*

$ 1,078

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Studio

Multi-Family Home for sale in Atlanta, GA

for $175,000. This 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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Multi-Family Active

Price

$ 175,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,111

Style

Lot Size

0.2727

Year Built

1940

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

7770972

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities None
Roof Composition
Security Features None
Construction Materials Wood Siding
Year Built 1940
View Other
Levels One
Property Subtype Other
Tax Year 2024
Parcel Number 14 005700170228
Waterfront Features None
Community Features None
Accessibility None
County Fulton - GA
Property Type Residential Income
HOA false
Energy Efficient None
Subdivision Name Lakewood Heights
Green Energy Generation None
Status Active
Directions 75 South -> Exit 244 -> turn left onto GA-54 S/University Ave SW -> Turn right onto McDonough BIvd SE - urn right onto Lakewood Ave SE -> Turn left onto Richmond Ave SE -> The home will be on the right
High School G.W. Carver
City Atlanta
Body of Water None
Number Of Units Total 1
Elementary School Thomas Heathe Slater
Property Attached 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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Interior
Window Features None
Total Baths 0
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Exterior
Fencing None
Parking Features None
Lot Features Other
Water Source Public
Lot Dimensions x
Lot Size Acres 0.2727
Lot Size Source Public Records
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* Excluded Features
List By
Nicholas Dixon

Listing Agent

Atlanta Communities

Broker

dixonpallas@gmail.com

Email

Affordability Calculator

$1,253
Per Month
86%
14%
0%
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.
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Nearby
3420704 Elementary School
3420703 Middle School
G.W. Carver High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2026$175,000 Listed Price

Map


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1640 Lakewood Avenue SE, Atlanta, GA, 30315 is a Multi-Family Home for sale at $175,000 with a lot size of 0.2727. 1640 Lakewood Avenue SE is a studio with 0.0 baths and was built in 1940. The property's zip code is 30315 which is in Atlanta, GA