602 W Lake Avenue W
Atlanta, GA 30318
- – beds
- – baths
- 13,460 sqft lot
- 1930 build
- – on site
Investor Alert! Duplex & ADU Development OPPORTUNITY in Grove Park- Current 2bed 2bath 1,675sqft Property Housing Voucher Approved. Seize this prime investment opportunity in the heart of Atlanta! Sitting on 1/3 acre, the lot provides ample space to build an ADU/and or Duplex while the existing 2-bedroom, 2-bath home can generate rental income immediately. The home is well-maintained, featuring wooden accents, a spacious front and backyard, a new HVAC system, and a solid roof which is a strong foundation for any investment strategy. Key investor benefits include: Housing voucher approval for consistent rental income with government-backed tenants, 100% conventional financing with a $10,000 grant available, and a prime location with a MARTA bus stop at your doorstep and Bankhead Station within walking distance. The property is also minutes from major attractions like the Atlanta Beltline, Westside Park, Proctor Greenway, and Maddox Park. Additionally, it is steps away from the brand-new KIPP Woodson Park Academy (K-8), attracting families and long-term tenants. Whether you're looking to rent immediately, develop a high-income duplex and ADU, or capitalize on Atlanta's booming rental market, this property offers exceptional potential. Grove Park is rapidly appreciating don't miss this turnkey or value-add opportunity. Schedule a viewing today and start building your real estate portfolio in one of Atlanta's hottest growth areas.
Last checked:
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Last updated Mar 23, 2025
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MLS# 7538492 —
The Building
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Year Built:1930
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Construction Materials:Brick
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# of Units Total:1
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Levels:One
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Roof:Composition
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Window Features:Wood Frames
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Security Features:Security Service
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Accessibility Features:None
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Green Energy Efficient:None
Interior
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Flooring:Hardwood
Location
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Directions:GPS
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Latitude:33.772
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Longitude:-84.442417
The Property
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Parcel Number:14 014500050143
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Property Type:Residential Income
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Property Type:Residential Income
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Property Subtype:Other
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Property Condition:Resale
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Lot Features:Other
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Lot Size Acres:0.309
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Lot Size Source:Other
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View:Other
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Fencing:Front Yard
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Waterfront Features:None
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Water Body Name:None
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Property Attached:false
Listing Agent
- Contact info:
- Agent phone:
- (404) 857-8221
- Office phone:
- (770) 851-7638
Taxes
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Tax Year:2022
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Tax Annual Amount:1230
The Listing
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Virtual Tour URL Unbranded 2:https://www.propertypanorama.com/602-W-Lake-Avenue-W-Atlanta-GA-30318/unbranded
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Home Warranty:false
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Special Listing Conditions:None
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Special Circumstances:Sold As/Is
Heating & Cooling
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Cooling:Central Air
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Heating:Natural Gas
Utilities
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Utilities:Other
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Sewer:Public Sewer
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Water Source:Public
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Green Energy Generation:None
Schools
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Elementary School:Woodson Park Academy
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Middle Or Junior School:John Lewis Invictus Academy/Harper-Archer
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High School:Frederick Douglass
The Community
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Subdivision Name:Grove Park
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Community Features:None
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Association:false
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Pool Private:false
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Dock:None
Parking
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Parking Features:Paved
Listing Provided Courtesy of Indigo Road Realty, LLC
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2025 First Multiple Listing Service, Inc.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
