|| 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.**
Decatur Heights, located between Downtown Decatur and Avondale Estates, is a residential and walkable North Decatur neighborhood with leafy streets and a mix of classic bungalows and mid-century ranches. The neighborhood’s character concentrates around the Decatur Square crossroads of N McDonough St and E Ponce de Leon Ave, where patios, indie storefronts, and gallery-style spaces set the pace. Community pillars include the DeKalb History Center, Eddie’s Attic, and the Decatur Arts Alliance. Sidewalks and pocket parks shape a daily rhythm that leans café-to-trail. Nearby PATH corridors and neighborhood streets support biking and dog walks. The landscape shifts from shaded blocks to the open greens of local parks and the square’s civic spaces.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Accessible bedroom
Resale condition
Bedrooms
Two bedrooms in Unit 1
Two bedrooms in Unit 2
Bathrooms
Unit 1: 1 full bath and 1 half bath
Unit 2: 1 full bath and 1 half bath
Kitchen
No kitchen appliance details provided
Laundry & utility
Maintenance included for both units
Electric included for both units
Gas included for both units
Water included for both units
Garbage not included for either unit
Heating & cooling
Central heating
Central air conditioning
Exterior features
Privacy fencing in back yard
Near shopping, schools, and public transport
Home design
One level
Two-unit multi-family property
Parking
Two total parking spaces
Driveway parking
Open parking available
Construction
Wood siding
Composition roof
Utilities
Public water
Public sewer
Cable available
Electricity available
Natural gas available
Financial info
Two rental units total
Unit 1 actual rent: $1,500 (tenant occupies)
Unit 2 actual rent: $700 (tenant occupies)
Electricity and solar
View estimated energy costs and solar savings for this home
|| 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.**
GAMLS #10656283
Mar 6, 2026
Listing Removed
—
Dec 17, 2025
Price Changed
$899,900
Dec 10, 2025
Listed
$900,000
Public Records
Sep 21, 1983
Sold
$86,500
Year
Property tax
Land + Additions
Assessment*
2025
$9,370 (−29.6%)
$187,720 + $102,800
$290,520
2024
$13,304 (−39.2%)
$187,720 + $102,800
$290,520
2023
$21,899 (+104.3%)
$187,720 + $52,440
$240,160
2022
$10,719 (−37.7%)
$134,120 + $61,360
$195,480
2021
$17,212 (+71.2%)
$35,720 + $125,240
$160,960
2020
$10,055 (+28.4%)
$35,720 + $125,240
$160,960
2019
$7,830 (+2.9%)
$35,720 + $135,920
$171,640
2018
$7,608 (+1.3%)
$32,347 + $102,433
$134,780
2017
$7,513 (+41.6%)
$32,347 + $102,433
$134,780
2016
$5,305 (+11.4%)
$35,720 + $115,360
$151,080
2014
$4,760 (−11.4%)
$35,720 + $130,800
$166,520
2013
$5,375 (+194.0%)
$35,700 + $109,060
$144,760
2012
$1,828 (−62.1%)
$84,120 + $60,640
$144,760
2011
$4,825 (+234.9%)
$35,680 + $96,360
$132,040
2010
$1,441 (+1.9%)
$35,680 + $96,360
$132,040
2008
$1,414
Public record
Public record
Zoning
Beds
4
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
0.38 Acres
Year renovated
1998
Finished Sq. Ft.
2,000
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,000
Year built
1980
Style
Multi-Family (2-4 Unit)
County
DeKalb County
APN
18 007 05 137
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
R-60
Single-Family Residential District
The purpose of this district is to provide for single-family residential development with a minimum lot size of 9,000 sq ft with such public buildings, schools, places of worship, public recreational facilities and accessory uses as may be necessary or are normally compatible with such surroundings. The district is located to protect existing developments of this character.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Infrastructure
Educational/school
Fire house
Police station
Public service-Other
Recreation
Park & open space
Local insights from Redfin agents
Decatur has as walkable downtown, vibrant dining scene, located east of Atlanta. Decatur Square hosts year-round community festivals, farmers markets, and outdoor concerts. Known for Craftsman bungalows, Tudor revivals, mid-century modern homes and...
Decatur is one of the few areas on this list where car-optional living is realistic — MARTA runs directly through downtown, and the square itself is genuinely walkable.
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...