Lakewood Heights Mixed-Use Investment
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 Market100
Property Features for 1640 Lakewood Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
Lakewood Heights
Elementary school
Thomas Heathe Slater
Middle school
Judson Price
High school
G.W. 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
4
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Atlanta Communities
(404) 844-4198
Listed By:
Nicholas Dixon · License #353661
(770) 240-2001
Added: May 16
Changed: Aug 19
Last Checked: Aug 23 at 5:06PM
MLS# 7770972
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Investment Insights
Based on property information with market context.
Located in Lakewood Heights on Lakewood Avenue, this property presents a unique investor opportunity due to its mixed-use zoning and potential for flexible uses. Configured as a duplex on two meters, the setup functions more like a quadplex, featuring four separate units and a total of six rooms. The current layout includes two studio-style apartments, each with one bedroom and one bathroom, along with two additional units featuring two bedrooms and one bathroom each. This arrangement allows for multiple rental income streams under one roof. The mixed-use zoning provides options to renovate the current setup for rental income, reconfigure the existing units, explore live/work potential, or consider future commercial, residential, or multi-unit redevelopment. The property includes multiple kitchens, multiple bathrooms, gas ranges, white cabinetry, updated-looking flooring, and flexible rooms suitable for bedrooms, living areas, or office space. A covered front porch adds character, and the lot offers additional space. Situated near Lakewood Amphitheatre, The Ron Clark Academy, and major Atlanta routes, this property is positioned in a corridor experiencing new construction and redevelopment. The lot size is 0.2727 acres.
Key Highlights
- Mixed‑use zoning offers flexible options.
- Configured as a quadraplex with 4 separate units, providing multiple income streams.
- Prime location in the growing Lakewood Heights area, close to amenities and major routes.
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 - Mixed-use property with four units in growing Atlanta location.
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 offers flexible options.; Configured as a quadraplex with 4 separate units, providing multiple income streams.; Prime location in the growing Lakewood Heights area, close to amenities and major routes.
