2148 Meador AVE SE, Atlanta, GA 30315
2148 Meador AVE SE, Atlanta, GA 30315
2148 Meador AVE SE, Atlanta, GA 30315
2148 Meador AVE SE, Atlanta, GA 30315
2148 Meador AVE SE, Atlanta, GA 30315
2148 Meador AVE SE, Atlanta, GA 30315
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Deborah Weiner

Deborah Weiner

+1(678) 628-8865
$ 299,000
Est. payment | /mo

0.33 Acres Lot

Save Virtual Tour
$ 299,000
Est. payment | /mo
Save Virtual Tour

0.33 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Lakewood

MLS Listing ID 7735394

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1959

Annual Tax Amount $4,261

Tax Year 2024

Lot Size 0.331 Acres

Acres 0.331

Property Sub-Type Triplex

Source First Multiple Listing Service

Property Description

Incredible investment opportunity in Historic Lakewood Heights featuring a rare grandfathered duplex with triplex potential in one of Atlanta's fastest-growing redevelopment corridors. This solid four-sided brick property includes two fully renovated main-level units, each configured as a 1-bedroom, 1-bath residence. Unit A offers approximately 600 square feet and has rental income potential of $1,500 per month or more, while Unit B is also a 1-bedroom, 1-bath unit with similar income potential of approximately $1,500 per month or more. The unfinished basement presents significant value-add potential with space suitable for conversion into a third studio apartment, with an estimated renovation cost of approximately $35,000 according to the seller's contractor bid. Once completed, the property could generate approximately $4,500 per month in gross rental income across three units. This setup also presents an attractive house-hacking opportunity for an owner-occupant utilizing FHA 203(k) financing, allowing a buyer to live in one unit while renting the others to offset the mortgage. The property offers ample storage space along with a basement area ideal for a home gym, workshop, or additional living space. Ideally located just minutes from East Atlanta Village, Summerhill, Grant Park, Lakewood Amphitheater, Lakewood Stadium, parks, dining, and shopping, the home also offers convenient access to I-75 and I-20, Mercedes-Benz Stadium, Downtown Atlanta, and Hartsfield-Jackson International Airport. South Bend Park and the scenic Southtowne Trail are only minutes away, offering miles of walking trails, access to the Swann Nature Preserve, and beautiful views along the South River. Positioned in the heart of a rapidly developing area surrounded by new construction and revitalization, this property represents a rare opportunity to secure a flexible income-producing asset with strong rental potential and long-term appreciation, all within easy reach of intown Atlanta amenities.

Location

State GA

County Fulton

Area Lakewood

Lake Name None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Carpet, Hardwood

Window Features Insulated Windows

Exterior

Parking Features Carport

Fence Chain Link

Community Features Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Playground, Pool, Restaurant, Street Lights, Tennis Court(s)

Utilities Available Cable Available, Electricity Available, Natural Gas Available

Waterfront Description None

View Y/N Yes

View Other

Roof Type Composition

Accessibility Accessible Entrance

Handicap Access Accessible Entrance

Total Parking Spaces 1

Private Pool false

Building

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Brick

Construction Status Updated/Remodeled

Schools

Elementary Schools John Wesley Dobbs

Middle Schools Crawford Long

High Schools South Atlanta

Others

Senior Community no

Tax ID 14 005900010562

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://media.zillowmediaexperts.com/sites/2148-meador-ave-se-atlanta-ga-30315-22797999/branded

First Multiple Listing Service(FMLS)
Listed by Coldwell Banker Realty

Nearby Locations

Deborah Weiner
Deborah Weiner

Realtor-Owner

+1(678) 628-8865 | deborahweiner@northatlantahometeam.com

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2148 Meador AVE SE