602 W Lake W Ave, Atlanta, GA 30318
$249,900
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Home Description
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!
- MLS #: 7564294F
- Address: 602 W Lake W Ave
- City: Atlanta
- Zip: 30318
- County: Fulton
- Subdivision: Grove Park
- Community Features: Public Transportation,Sidewalks,Street Lights
- Square Feet: 1675
- Sq. Ft. Source: Other
- Water Body Name: None
- Dock : None
- Waterfront Features: None
- Water Source: Public
- Interior of Property: High Ceilings 9 ft Lower
- Rooms: Attic,Other
- Flooring: Hardwood
- Kitchen Features: Other
- Kitchen Appliances: Dishwasher,Microwave,Refrigerator
- Fireplace: Double Sided
- Number Fireplaces: 1
- Bedrooms: Master on Main,Split Bedroom Plan
- Master Bath: Shower Only
- Dinning Room: Separate Dining Room
- Laundry: In Hall
- Other Equipment: None
- Patio/Porch Features: Enclosed,Front Porch
- Common Walls: No One Above,No One Below
- Basement: None
- Parking: Parking Pad
- Lot Dimensions: 0
- Lot Size Acres: 0.31
Available now at $249,900
- Type: Single Family
- Style: Bungalow,Cottage,Ranch
- Levels: One
- Property Condition: Fixer
- Road Type: Asphalt
- Cooling: Central Air
- Heating: Natural Gas
- Sewer: Public Sewer
- Green Energy Efficient: None
- Green Energy Generation: None
- Exterior of Property: Other
- Construction Materials: Brick,Brick 4 Sides
- Roof Type: Composition
- Other Structures: None
Neighborhood
The average asking price of a 2 bedroom Atlanta home in this zip code is
$297,093 (18.9% more than this home).
This home is priced at $149/sqft,
which is 92.6% less than similar homes
in the 30318 zip code.
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School Information
- Elementary:Woodson Park Academy
- Middle School:John Lewis Invictus Academy/Harper-Archer
- High School:Frederick Douglass
Financial
- Approx Payment:$1,266*
- Taxes:$1,230
Area Stats
These statistics are updated daily from the Georgia Multiple Listing Service. For further analysis or
to obtain statistics not shown below please call EasyStreet Realty at
(678) 849-0494 and speak with one of our real estate consultants.
Popular Homes
$530,093
$501,950
14
0.0%
21.4%
37
$768,788
$669,900
17
0.0%
29.4%
32
$1,849,335
$1,822,500
20
0.0%
25.0%
48
$3,190,318
$2,547,500
130
4.6%
22.3%
57
$600,570
$589,000
19
5.3%
42.1%
123
$382,124
$370,000
23
4.3%
39.1%
51
$434,578
$389,445
54
3.7%
35.2%
74
$365,134
$279,000
1062
2.4%
42.6%
71
$393,316
$397,450
6
0.0%
16.7%
22
$1,407,457
$1,172,500
30
0.0%
30.0%
48
$471,164
$397,500
53
9.4%
49.1%
67
$300,378
$285,000
131
1.5%
35.9%
73
$483,528
$500,950
20
0.0%
60.0%
99
$477,359
$429,900
37
2.7%
43.2%
60
$712,224
$680,000
25
4.0%
36.0%
51
$1,115,214
$974,750
14
0.0%
50.0%
67
$536,640
$450,000
15
0.0%
13.3%
41
$1,623,364
$1,299,000
11
0.0%
36.4%
53
$485,412
$469,978
42
2.4%
45.2%
80
$462,830
$500,000
27
0.0%
40.7%
68
$998,885
$825,000
43
0.0%
23.3%
37
$1,538,644
$1,200,000
16
0.0%
18.8%
28
$1,670,437
$1,450,000
27
0.0%
29.6%
35
Listing Courtesy of Indigo Road Realty, LLC.
For information or to schedule a viewing of this property (MLS# 7564294F), call: 678 849 0494
602 W Lake W Ave, Atlanta GA is a single family home of 1675 sqft and
is currently priced at $249,900
.
This single family home has 2 bedrooms.
A comparable home for sale at 2680 Brown Nw St in Atlanta is listed at $325,000.
In addition to single family homes, EasyStreet also makes it easy to find Homes, Condos, New Homes and Foreclosures
in Atlanta, GA.
Westland Estates, Lincoln Homes and Carlyle Square are nearby neighborhoods.
MLS 7564294F has been posted on this site since 4/22/2025 (today).
2025
4/23/2025