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Johanna Morel

joannamorel18@gmail.com +1(614) 638-8337

$745,000

Est. payment - /mo

0.38 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Multi Family,Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10707304

HOA Y/N No

Year Built 1980

Annual Tax Amount $3,392

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Lot Dimensions 16552.8

Property Sub-Type Multi Family,Duplex

Source Georgia MLS 2

Property Description

|| TENANT-OCCUPIED DUPLEX = INSTANT INCOME || NO HOA & NO RENT RESTRICTIONS || NEW WATER HEATERS IN BOTH UNITS || || TOP RATED SCHOOLS || SEPARATE DRIVEWAYS & LARGE YARDS || FRESH EXTERIOR PAINT & LANDSCAPING || MINUTES TO DOWNTOWN ATLANTA || Opportunity meets location at 332 Lockwood Terrace in Decatur, where lifestyle, flexibility, and income potential come together. This tenant-occupied duplex features two units, each offering 2 bedrooms and 1.5 baths with approximately 1,000 square feet, making it an ideal setup for investors seeking instant rental income or buyers who want to live in one side while renting the other. Recent improvements help enhance the property's appeal, including NEW WATER HEATERS in both units, fresh exterior paint, refurbishment of Unit B, and fresh landscaping that adds curb appeal the moment you arrive. Each unit also enjoys its own private driveway and large yard, giving residents the kind of space and independence that is hard to find in multifamily living. Picture the everyday convenience: mornings where tenants can hop in the car for an easy commute into Downtown Atlanta, or take advantage of easy MARTA access nearby. On weekends, the possibilities expand in every direction-explore Downtown Decatur's restaurants, shops, and local events, meet friends at one of the 10 nearby parks, cool off at one of the 3 public pools, or swing by the local farmer's market just 2 miles away for fresh produce and community vibes. With NO HOA and NO RENT RESTRICTIONS, this property offers rare flexibility for investors and owner-occupants alike. Combine that with two tenants already in place and top-rated schools nearby, and you have a property positioned for both lifestyle and long-term value. You can't beat this location or the opportunity for immediate income in one of Decatur's most convenient areas! **Renters are Family/Friends and Paying Below Market Value.**

Location

State GA

County Dekalb

Rooms

Bedroom Description No

Basement None

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Off Street

Garage Spaces 2.0

Community Features Walk To Schools, Near Shopping, Near Public Transport

Utilities Available Sewer Connected

View Y/N No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Faces Ga-10 E/John Lewis Freedom Pkwy NE, right on Ponce De Leon Ave NE, continue straight to Scott Blvd, right on N Decatur Rd, right on Church St, left on Sycamore Dr, left on Fairview St, right on Lockwood Terrace

Sewer Public Sewer

Water Public

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Glennwood

Middle Schools Beacon Hill

High Schools Decatur

Others

HOA Fee Include None

Tax ID 18 007 05 137

Special Listing Condition Resale

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Schools and Properties Nearby

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332 Lockwood TER Decatur, GA 30030