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Four-Unit Mixed-Use Quadplex
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 Market112

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
Listed By: Nicholas Dixon · License #353661
Added: May 16 Changed: Aug 19 Last Checked: Sep 4 at 10:06PM
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 quadplex-style property contains four separate units arranged as two one-bedroom, one-bath studio-style apartments and two additional two-bedroom, one-bath units. The building includes multiple kitchens and bathrooms, gas ranges, white cabinetry, updated-looking flooring, flexible interior rooms, and a covered front porch. Natural gas heating, central air, public water, and public sewer are also in place. Built in 1940, the property has wood siding and a basement.

Located at 1640 Lakewood Avenue SE in Atlanta’s Lakewood Heights area, the property is near Lakewood Amphitheatre and The Ron Clark Academy. The 0.273-acre lot, two utility meters, and mixed-use zoning provide a range of existing and potential configurations, including continued residential use, live/work arrangements, or future commercial and multifamily redevelopment subject to applicable approvals.

Key Highlights

  • Four separate units: two 1‑bedroom, 1‑bath studios and two 2‑bedroom, 1‑bath units
  • Mixed‑use zoning with two utility meters
  • 0.273‑acre lot at 1640 Lakewood Avenue SE

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Skin Care Clinic Electrical Service Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Mixed-use zoning supports rental, live/work, and potential redevelopment considerations 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: Four separate units: two 1‑bedroom, 1‑bath studios and two 2‑bedroom, 1‑bath units; Mixed‑use zoning with two utility meters; 0.273‑acre lot at 1640 Lakewood Avenue SE
More about this property
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