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$175,000
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Property Description
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!
Full Property Details
Full Property Details for 1640 Lakewood Ave SE
General
- Price: $175,000
- Taxes: $2,111 (2024)
- Status: Active
- Type: Triplex
- Source: GAMLS_Atlanta
- MLS ID: 10766586
- Updated: 6/27/2026
- Added to Site: 59 day(s) ago
Parking
- Parking Features: None
Location
- County: Fulton
- Driving 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
School Information
- Elementary School: Slater
- Middle School: Price
- High School: Carver
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Natural Gas
Utilities
- Water/Sewer: Public Sewer
- Utility Description: Other
Structural Information
- Construction Status: Resale
- Basement: Yes
- Basement Desc.: Partial
- Stories/Levels: One
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.273
- Lot Size Range: .273
- Lot Size Source: Public Records
Water Features
- Water Front Name: NONE
Financial Considerations
- Tax Amount: $2,111
- Tax Year: 2024
Listing Courtesy of: Atlanta Communities
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Schools
Schools serving 1640 Lakewood Ave SE
School District:Atlanta City School District
| Name | Grades | Distance |
|---|---|---|
Slater Elementary School 1320 Pryor Road Southwest, Atlanta, GA 30315 | K-5 | 0.9 mi |
Price Middle School 1670 Benjamin Weldon Bickers Drive Southeast, Atlanta, GA 30315 | 6-8 | 0.5 mi |
Carver High School, Atlanta, GA 55 McDonough Boulevard Southeast, Atlanta, GA 30315 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1640 Lakewood Ave SE
Date
Details
Price
Change
Source
5/16/2026
Listed
$175,000
113.41%
MLS
8/18/2006
Sold
$82,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1640 Lakewood Ave SE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,643
-23%
$51,560
—
2023
$2,135
—
$51,560
—
2022
$2,135
53%
$51,560
—
2021
$1,397
-22%
$51,560
—
2019
$1,801
-16%
$51,560
—
2018
$2,135
-4%
$51,560
—
2017
$2,227
17%
$51,560
—
2016
$1,898
-15%
$51,560
—
2015
$2,238
51%
$51,560
57%
2014
$1,487
2%
$32,800
—
2012
$1,457
—
$32,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1640 Lakewood Ave SE
1640 Lakewood Avenue SE, Atlanta, GA 30315 (MLS# 10766586) is a Triplex property with 0 bedrooms and 0 full bathrooms. 1640 Lakewood Avenue SE is currently listed for $175,000 and was received on May 16, 2026. Want to learn more about 1640 Lakewood Avenue SE? Do you have questions about finding other Triplex real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

