$249,900

602 W Lake Ave W Atlanta, GA 30318

$2,968
Closing credit¹
2 beds
2 full
1,675 sqft
0.3 acres
$149 / sqft
House

Property details

About 602 W Lake Ave W

Fixer-Upper with Major Investment Potential in Grove Park - Build, Rent, Profit! Investor Special! This 2 bed, 2 bath, 1,675 sqft home in Atlanta's fast-growing Grove Park neighborhood is your chance to renovate, rent, and expand. Sitting on a spacious 1/3-acre lot, this property offers multiple streams of income potential-renovate the existing structure, capitalize on Housing Voucher approval for steady rental income, and explore the opportunity to add an ADU or even a second property on the lot. The existing home features original charm with wood accents and a roomy front and backyard, making it a great canvas for investors ready to upgrade and unlock value. This fixer-upper has great bones and is ready for a value-boosting renovation. The lot is large enough to support ADU or duplex development. It is already Housing Voucher approved, offering guaranteed income from day one. You can take advantage of 100% conventional financing and a potential $10,000 grant. The location is ideal with a MARTA bus stop at the door and just minutes from Bankhead Station, the Beltline, Westside Park, and more. It's also close to the new KIPP Woodson Park Academy, making it a great option for families and long-term tenants. Grove Park is undergoing major revitalization-don't miss this opportunity to create a multi-unit income-producing property in one of Atlanta's hottest neighborhoods. Whether you're an experienced investor or looking for your first value-add project, this is the perfect chance to build equity and long-term cash flow. Schedule your tour today and bring your vision!

Highlights

Home typeSingle Family Residence
HeatingNatural Gas
StatusActive
CoolingCentral Air
Size1,675 sqft
Lot size0.309 Acres
Year built1930
ParkingParking Pad
MLS #7564294
FireplaceDouble Sided
ViewOther

Summary

  • MLS Number: 7564294
  • MLS Name: First Multiple Listing Service
  • Office Name: Indigo Road Realty, LLC
  • Office Phone: (770) 851-7638
  • Listing Agent: Asli Ahmed

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. 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 and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/24/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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drone / aerial view

$249,900

602 W Lake Ave W

$2,968

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

4

William M. Boyd Elementary School

Public District EE-5

1.0 mi

1891 Johnson Rd NW

3

Kipp Ways Primary School

Public Charter KG-4

1.2 mi

350 Temple St NW

4

Frank Lebby Stanton Elementary School

Public District EE-5

1.3 mi

1625 Martin Luther King Jr Dr NW

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $24,936. Most Atlanta, GA residents have annual incomes less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

60%
<35k
40%
35k-100k
0%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

53%
Single, No Kids
26%
Single, with Kids
13%
Married, No Kids
8%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

18%
<11 yrs old
9%
12-17 yrs old
17%
18-34 yrs old
39%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • NHRA Drag RacingNHRA Drag Racing
  • SoccerSoccer
  • Pro BoxingPro Boxing

Where do the neighbors shop?

  • Big LotsBig Lots
  • Forever 21Forever 21
  • Family DollarFamily Dollar

Where do the neighbors go to eat?

  • Golden CorralGolden Corral
  • Dominos PizzaDominos Pizza
  • White CastleWhite Castle

What do the neighbors drive?

  • KiaKia
  • MazdaMazda
  • ChevroletChevrolet

What do the neighbors listen to?

  • Adult StandardsAdult Standards
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • RockRock
All data provided by Home Junction and Claritas

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Frequently asked questions

About 602 W Lake Ave W

This home is located at 602 W Lake Ave W in Atlanta, GA and zip code 30318 in the Northwest Atlanta neighborhood. This 1,675 square foot home, which was built in 1930, sits on a 0.31 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 22, 2025 and is currently priced at $249,900.

Atlanta, GA housing market in March 2025 saw over 245 listings sold above listed price, more than 207 sold at listed price and over 558 sold below. Between February and March 2025, Atlanta, GA real estate market has seen increase in the number of listings by 23.8%. The median list price of listings available in March 2025 was $423,362, while the average time on the real estate market was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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