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Listed by Nicholas Dixon with Atlanta Communities 404-844-4198
6 Beds
4 Baths
4,757 sqft

$175,000

1640 Lakewood Avenue SE, Atlanta GA, 30315

Price per sqft$36.79
Built in1940
Property size4,757 sqft
Property typeResidential

Overview

Active

Listed May 16, 2026

Updated Jun 25

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!

$1,164/mo

Est. mortgage payment based on a $175,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7769559

Interior Features

Bedrooms
6
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.27 Acres

Other Property Details

Taxes
$2,111
Tax Frequency
Annually
Secondary Association Fee
Not Listed
View
Yes

Also listed on GAMLS

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Listed by Nicholas Dixon with Atlanta Communities 404-844-4198

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Data is refreshed every 3 hours. Listing last updated 6:19 AM UTC on 6/25/2026. 

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