1640 Lakewood Avenue SE
Atlanta, GA, 30315 $ 175,000
Baths0.0 Monthly Estimate*
$ 1,078
Studio 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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FeaturesGeneralSewer 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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InteriorWindow Features None
Total Baths 0
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ExteriorFencing 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 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 NearbyMulti-family listings in Atlanta, GA
Average List Price $697,057
Percent of Sale Price 298%
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 |