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332 Lockwood Terrace

Decatur, GA 30030
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Bed --

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Bath 0

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Acres0.38

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|| 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 t hat 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.**

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Detail Ic Property Details

Property Type : Residential Income

Price : $725,000

AD Id : 76043393

MLS Id : 7732562

Lot Size : 0.38 Acre

Year Built : 1980

County : Dekalb

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Feature Features

  • Roofing Information

    Composition
  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air

  • Building Information

    Year Built: 1980 Construction Materials: Wood Siding Private Pool: No View: Other

  • Lot Information

    Lot Size Acres: 0.38 Lot Size Source: Owner Lot Description: Other

    Property Information

    Subdivision: None Source Property Type: Residential Income Property SubType: Duplex Levels: One Property Age: 46

  • Listing Price Information

    Listing Price: $725000 Original Price: $750000

  • Tax Information

    Parcel Number: 18 007 05 137 Tax Lot: 6 Tax Block: 1 Tax Year: 2025 Annual Tax: $3392 Tax Legal Desc: 0

  • Parking Information

    Parking Total: 2 Driveway

  • School Information

    Elementary School: Glennwood
    Junior High School: Beacon Hill
    Senior High School: Decatur
  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available
  • Location Information

    Direction: 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 WaterSource: Public
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ByOwner last updated this listing 06/15/2026 @ 06:53

MLS: 7732562 LISTED BY: RHONDA DUFFY, Duffy Realty of Atlanta 678-318-3613 SOURCE: First Multiple Listing Service (FMLS)

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