Mixed-Use Quadplex with Flexible
For Sale
$175,000
1640 Lakewood Avenue SE, Atlanta, GA 30315
Residential Income, Atlanta, GA
Property SizeContact for details
Lot Size0.27 Acres
Days on Market101
Property Features for 1640 Lakewood Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Subdivision
Lakewood Heights
Elementary school
Slater
Middle school
Price
High school
Carver
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
Standard status
Active
APN
14 005700170228
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2111
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Building materials
Wood Siding
Listing Agency:
Atlanta Communities
(404) 844-4198
Listed By:
Nicholas Dixon · License #353661
(850) 321-8367
Added: May 16
Changed: Aug 19
Last Checked: Aug 24 at 8:06AM
MLS# 10766586
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use quadplex is structured as a duplex on 2 meters, but it operates more like a four-unit property with four separate units and six total rooms. The current configuration includes two studio-style units with 1 bedroom and 1 bathroom each, along with two additional 2-bedroom, 1-bath style units. Interiors include multiple kitchens and multiple bathrooms, along with gas ranges, white cabinetry, updated-looking flooring, and flexible rooms that can support bedrooms, living areas, or tenant office setups.
The property is located at 1640 Lakewood Avenue SE in Atlanta’s Lakewood Heights area. It features a covered front porch and sits on an approximately 0.273-acre lot. The listing also notes proximity to Lakewood Amphitheatre, The Ron Clark Academy, and major Atlanta routes.
For investors and operators, the mixed-use zoning and multi-unit layout provide several practical paths: renovate and hold the existing residential setup, reconfigure the units to better match tenant demand, or explore live/work options alongside potential residential or commercial redevelopment ideas. With four separate units under one ownership structure, the property is designed to support multiple tenant configurations while keeping the overall asset consolidated.
The property is located at 1640 Lakewood Avenue SE in Atlanta’s Lakewood Heights area. It features a covered front porch and sits on an approximately 0.273-acre lot. The listing also notes proximity to Lakewood Amphitheatre, The Ron Clark Academy, and major Atlanta routes.
For investors and operators, the mixed-use zoning and multi-unit layout provide several practical paths: renovate and hold the existing residential setup, reconfigure the units to better match tenant demand, or explore live/work options alongside potential residential or commercial redevelopment ideas. With four separate units under one ownership structure, the property is designed to support multiple tenant configurations while keeping the overall asset consolidated.
Key Highlights
- Mixed‑use zoning; currently set up as 4 separate units on 2 meters (duplex/quad‑style configuration).
- Unit mix includes two studio‑style 1‑bedroom, 1‑bath apartments and two 2‑bedroom, 1‑bath units.
- Multiple kitchens and multiple bathrooms throughout, including gas ranges and flexible rooms for tenant living or office use.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 30315, GA
34,327
Population
15,458
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
82%
High-School Grad
11.5 sq mi
ZIP Area
2,985
Density / Sq Mi
$42,383
Median Household Income
$36,311
Median Earnings
$989
Median Rent
$266,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate units with mixed-use zoning offer adaptable living, work, or rental configurations under one roof.
Where is this quadplex located?
The property is located at 1640 Lakewood Avenue SE Atlanta, GA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Mixed‑use zoning; currently set up as 4 separate units on 2 meters (duplex/quad‑style configuration).; Unit mix includes two studio‑style 1‑bedroom, 1‑bath apartments and two 2‑bedroom, 1‑bath units.; Multiple kitchens and multiple bathrooms throughout, including gas ranges and flexible rooms for tenant living or office use.
