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 0.273.
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!
See more
FeaturesGeneralSewer Public Sewer
Heating Natural Gas
Cooling Central Air
Utilities Other
HOA Fee 0
Association Fee Includes None
Construction Materials Wood Siding
Year Built 1940
Levels One
Property Subtype Multi Family Triplex
Tax Year 2024
Gross Income 0
Community Features None
County Fulton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 0
Subdivision Name Lakewood Heights
Garage Y/N false
Status New
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 Carver
City Atlanta
Body of Water None
Number Of Units Total 1
Lot Size Units Square Feet
Lot Size Square Feet 11891.88
Carport Y/N false
Elementary School Slater
Tax Annual Amount 2111
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Price
Property Condition Resale
Structure Type Triplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
See more
InteriorBasement Partial
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
See more
ExteriorParking Features None
Water Source Public
Total Parking 0
Lot Size Area 11891.88
Lot Size Acres 0.273
Lot Size Source Public Records
See more
* Excluded FeaturesList ByAtlanta 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 $696,884
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.
4133420 Elementary School
4136515 Middle School
Carver High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/18/2026 | $175,000 | | Listed Price |