$2,375 Closing Credit¹
#10521528, Kevin Thoman, Listing office: Padly Realty
$245,000 List price
602 W Lake Ave NW Atlanta, GA 30318
$2,909
Closing credit¹
2 beds
2 full
1,675 sqft
0.3 acres
$146 / sqft
House
Property details
About 602 W Lake Ave NW
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 #10505221
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Oven/Range
- Basement: No
- Flooring Type: Hardwood
- Interior: Master On Main Level, Split Bedroom Plan
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: Parking Pad
- Architectural Style: Brick 4 Side
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $245,000
- Price/SqFt: $146
- Annual Tax Amount: $3,553
- Tax Year: 2023
- Lot: Corner Lot, Level, Open Lot
- Directions: GPS
- Year Built: 1930
- Living Area: 1,675 SqFt
- Lot Size: 0.309 Acres
- MLS Number: 10505221
- MLS Name: Georgia MLS 2
- Office Name: Indigo Road Realty
- Listing Agent: Asli Ahmed
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 9:45:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$245,000
602 W Lake Ave NW
$2,909
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 13, 2020 | Home Sold | $186,000 |
| Jul 12, 2016 | Home Sold | $25,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $85,840 | $3,553 |
| 2022 | $63,160 | $2,614 |
| 2021 | $54,960 | $2,714 |
| 2020 | $44,320 | $1,834 |
| 2019 | $33,680 | $1,383 |
| 2017 | $10,000 | $431 |
History based on county public records data.
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.
Neighborhood
The neighbors living near this home have an average income of $24,936. The most common annual income of people living in Atlanta, GA is less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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 Racing
Soccer
Pro Boxing
Where do the neighbors shop?
Big Lots
Forever 21
Family Dollar
Where do the neighbors go to eat?
Golden Corral
Dominos Pizza
White Castle
What do the neighbors drive?
Kia
Mazda
Chevrolet
What do the neighbors listen to?
Adult Standards- Rhythmic Contemporary Hits
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 602 W Lake Ave NW
The listing price of 602 W Lake Ave NW property is $245,000.
The property 602 W Lake Ave NW is a house located in Atlanta, Georgia, 30318.
Active Listing: 602 W Lake Ave NW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 602 W Lake Ave NW are: William M. Boyd Elementary School (GreatSchools Rating 4/10), Kipp Ways Primary School (GreatSchools Rating 3/10), Frank Lebby Stanton Elementary School (GreatSchools Rating 4/10), Woodson Park Academy (GreatSchools Rating 4/10), J. L. Invictus Academy (GreatSchools Rating 3/10), Kipp West Atlanta Young Scholars Academy (GreatSchools Rating 2/10), Kipp Atlanta Collegiate Academy (GreatSchools Rating 4/10), Frederick Douglass High School (GreatSchools Rating 1/10), Booker T. Washington High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $3,553 (source: MLS/based on county public records data).
The last sale was on April 13, 2020 for $186,000 (source: MLS/tax record).
The property at 602 W Lake Ave NW has 2 bedrooms and 2 bathrooms.
The property 602 W Lake Ave NW is 1,675 SqFt (source: MLS/tax record).
The year of construction for 602 W Lake Ave NW is 1930.
This home is located at 602 W Lake Ave NW 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 $245,000.
In May 2025, from all listings sold in Atlanta, GA there were more than 303 sold above asking price, over 629 sold below and more than 266 were sold right at the asked price. The inventory of homes for sale in Atlanta, GA between April and May 2025 increased by 12.7%. Listings spent 41 days on the market in May 2025, and had a median list price of $425,128 during the same period.
From Rocket Homes Real Estate and based on county public records data.