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 0.273.

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!

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Multi-Family Active

Price

$ 175,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,111

Style

Lot Size

0.273

Year Built

1940

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

10766586

Features
General
Sewer 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
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Interior
Basement 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
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Exterior
Parking Features None
Water Source Public
Total Parking 0
Lot Size Area 11891.88
Lot Size Acres 0.273
Lot Size Source Public Records
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* Excluded Features
List By
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
4133420 Elementary School
4136515 Middle School
Carver High School High School
Pricing History
DatePricePrice ChangeDescription
5/18/2026$175,000 Listed Price

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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 0.273. 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