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About This Home

This 6-bedroom, 4-bathroom single family at 1640 Lakewood Avenue SE in Atlanta, GA is listed for $175,000 ($37 per sqft). Built in 1940, the home offers 4,757 sqft of living space on a 0.27 acres lot.

Agent Description

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!

Key Features

  • Built in 1940
  • 0.27 acre lot

Property Details

1 story
4 full
1940

Amenities

A/C

Monthly Cost Estimate

$936/mo

20% down · 6.5% · 30 years

Principal$127
Interest$758
Insurance$51

Estimates only. Actual payments may vary.

Location

1640 Lakewood Avenue SE

Atlanta, GA 30315

Lakewood Heights

Property Details

Construction

Wood Siding

Parking

On Street

Heating

Natural Gas

Cooling

Central Air

Appliances

Gas RangeRefrigerator

Questions & Answers

This 6-bedroom, 4-bathroom single family at 1640 Lakewood Avenue SE is listed at $175,000 ($37/sqft). The estimated monthly payment is $758 based on 20% down at 6.5% interest.

Key features include: Built in 1940, 0.27 acre lot.

This property is listed by Nicholas Dixon and can be reached at (770) 240-2001 or dixonpallas@gmail.com.

ND

Nicholas Dixon

Agent at Atlanta Communities

(770) 240-2001

Listed by Atlanta Communities · View on Broker Site

MLS# 7769559· Source: listhub· Updated 16 days ago

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1640 Lakewood Avenue SE, Atlanta, GA 30315

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