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$440,000
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Property Description
|| FULLY LEASED DUPLEX || || LONG-TERM TENANTS THROUGH MID-2026 || || STRONG CASH FLOW || || CONVENIENT LOCATION || || NO HOA & NO RENT RESTRICTIONS || 1700 SQ FT || || 2/1 ON EACH SIDE || || SELLER WILL SELL ALL 3 DUPLEXES (186, 188, & 283 Lake Dr) for 1,292,000!! || NEW ROOF NEGOTIABLE || ** What You'll See ** A SOLID BRICK DUPLEX standing strong since 1961, freshly updated with modern touches and clean curb appeal. You'll notice TWO SEPARATE DRIVEWAYS, each leading to its own private entrance and fenced backyard ideal for privacy and low-maintenance living. Step inside and see the durability of LVP AND TILE FLOORING throughout, paired with ORIGINAL TILE BATHS that offer character and longevity. The lot's 0.24 ACRES provide just enough outdoor space for tenants to enjoy, while the STORAGE SHEDS in the carports add practical value and organization. ** What You'll Hear ** From this central Doraville location, you'll hear the hum of a thriving community neighborhood sounds, friendly chatter, and the occasional passing train connecting you to the pulse of Atlanta just minutes away. The nearby I-285 and I-85 corridors keep the city within easy reach, yet the residential setting allows for a quieter, more stable environment where tenants stay long-term and investors enjoy steady, predictable income. ** What You'll Feel ** Feel the confidence of owning a TURNKEY INVESTMENT that's already producing $3,275 PER MONTH in gross rent with tenants locked in.. You'll appreciate the peace of mind that comes from well-maintained interiors. This property feels balanced dependable income today with room to grow equity tomorrow through thoughtful updates or future rent increases. ** What You'll Experience ** Experience the satisfaction of smart ownership in a rapidly appreciating area with an ATLANTA ADDRESS and Gwinnett County taxes. You'll enjoy a sense of momentum stable returns now, long-term upside ahead, and a portfolio strengthened by a property that performs. Whether you're an experienced investor or just expanding your holdings, this DORAVILLE DUPLEX offers a reliable, income-producing opportunity in one of metro Atlanta's most convenient, connected neighborhoods. ** Recent sale of a similar property by the same owner supports the current list price. Strong comparable value established. Due diligence is for informational purposes only, as the home is being sold As-Is. See disclosures for all the information needed. Showings will only occur after an offer has been presented. Cap on seller-paid closing costs of $7000. ** **
Full Property Details
Full Property Details for 188 Lake Dr
General
- Price: $440,000
- Taxes: $3,626 (2024)
- Status: Active
- Type: Duplex
- Source: GAMLS_Atlanta
- MLS ID: 10628987
- Updated: 1/21/2026
- Added to Site: 92 day(s) ago
Rooms
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Other
Parking
- Parking Features: Off-Street
Location
- County: Gwinnett
- Driving Directions: I-85 N exit 96, right to follow signs for Northcrest Rd, left on Northcrest Rd, right on Oakcliff Rd, left on Pleasantdale Rd, left on Lake Dr
School Information
- Elementary School: Susan Stripling
- Middle School: Summerour
- High School: Norcross
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Water/Sewer: Public Sewer
- Utility Description: Other
Structural Information
- Construction Status: Resale
- Basement Desc.: None
- Stories/Levels: One
- Year Built: 1961
Unit Information
Unit 1
- Unit Description: Dishwasher, Range/Oven, Refrigerator, Smoke/Fire Alarm
- Square Feet: 850
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.24
- Lot Size Range: .24
- Lot Size Source: Owner
Financial Considerations
- Tax Amount: $3,626
- Tax Year: 2024
Listing Courtesy of: Duffy Realty
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Schools
Schools serving 188 Lake Dr
School District:Gwinnett County School District
| Name | Grades | Distance |
|---|---|---|
Baldwin Elementary 123 Price Place Northwest, Norcross, GA 30071 | K-5 | 2.9 mi |
Summerour Middle School 321 Price Place Northwest, Norcross, GA 30071 | 6-8 | 3.1 mi |
Paul Duke STEM High School 5850 Peachtree Industrial Boulevard, Norcross, GA 30071 | 9-12 | 2.7 mi |
Norcross High School 5300 Spalding Drive, Norcross, GA 30092 | 9-12 | 4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 188 Lake Dr
Date
Details
Price
Change
Source
1/16/2026
Price Increased
$440,000
1.15%
MLS
12/08/2025
Price Increased
$435,000
3.57%
MLS
10/21/2025
Listed
$420,000
228.9%
MLS
1/20/2012
Sold
$127,700
—
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 188 Lake Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,635
28%
$112,320
34%
2024
$3,626
1%
$83,680
—
2023
$3,601
2%
$83,680
-16%
2022
$3,534
19%
$99,080
48%
2021
$2,963
—
$67,120
—
2020
$2,974
60%
$67,120
77%
2019
$1,860
-2%
$38,000
—
2017
$1,899
—
$38,000
-10%
2017
$1,899
31%
$42,320
65%
2016
$1,448
-1%
$25,600
—
2015
$1,463
—
$25,600
—
2014
$1,467
—
$25,600
—
2013
$1,464
—
$25,600
—
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 188 Lake Dr
188 Lake Drive, Atlanta, GA 30340 (MLS# 10628987) is a Duplex property with 2 bedrooms and 0 full bathrooms. 188 Lake Drive is currently listed for $440,000 and was received on October 21, 2025. Want to learn more about 188 Lake Drive? Do you have questions about finding other Duplex real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

