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Listing Provided By Nicholas Dixon with Atlanta Communities, 850-321-8367

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Photo 1 of 30, Atlanta, GA 30315

1640 Lakewood Avenue SE

Atlanta, GA 30315

$175,000

Beds
6
Baths
4
Sq ft
4,757
Price per sq ft
$37
Year built
1940
Lot
0.2727 acres

About this home

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!

Listed
May 16, 2026
Updated
Nov 3, 2026, 7:41 PM ET
Property type
Residential, Single Family Residence
Subdivision
Lakewood Heights
FMLS #
7769559
County
Fulton - GA

Interior

Interior features
Other
Appliances
Gas Range, Refrigerator
Flooring
None
Fireplaces
0
Fireplace features
None
Basement
Bath/Stubbed
Cooling
Central Air
Heating
Natural Gas
Laundry
None
Kitchen
Cabinets Other, Laminate Counters
Primary bathroom
None
Levels
One
Main-level bedrooms
6
Main-level bathrooms
4
Accessibility features
None
Windows
None

Exterior

Exterior features
None
Patio and porch
Covered
Construction materials
Wood Siding
Roof
Composition
Fencing
None
Pool features
None
Private pool
No
Spa
None
View
Other
Waterfront
None
Foundation
Slab

Lot & parking

Lot size (acres)
0.2727
Lot dimensions
x
Lot features
Back Yard
Parking
On Street

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
None
Electric
None
Energy efficiency
None

HOA & taxes

Association
No
Annual tax amount
2111
Tax year
2024

Schools & community

Elementary school
Thomas Heathe Slater
Middle school
Judson Price
High school
G.W. Carver
Subdivision
Lakewood Heights
County
Fulton - GA
Community features
None

Construction

Architectural style
Traditional
Year built
1940
Property subtype
Single Family Residence
Condition
Resale
Building area (total)
4757

Location

Payment estimate

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All photos (30)

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Listing data last updated Nov 3, 2026, 7:41 PM ET