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!
Active
$249,900
602 W Lake Ave NW, Atlanta, GA 30318
2beds
1,675sqft
Est.:
Single Family Residence, Residential
Built in 1930
0.31 Acres Lot
$245,500 Zestimate®
$149/sqft
$-- HOA
What's special
Roomy front and backyard
- 4 days
- on Zillow |
- 178 |
- 11 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 23, 2025 at 05:07am
Listing Provided by:
Asli Ahmed,
Indigo Road Realty, LLC
Source: FMLS GA,MLS#: 7564294

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Attic, Other
Primary bedroom
- Features: Master on Main, Split Bedroom Plan
- Level: Master on Main, Split Bedroom Plan
Bedroom
- Features: Master on Main, Split Bedroom Plan
Primary bathroom
- Features: Shower Only
Dining room
- Features: Separate Dining Room
Kitchen
- Features: Other
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Refrigerator
- Laundry: In Hall
Features
- High Ceilings 9 ft Lower
- Flooring: Hardwood
- Windows: Wood Frames
- Basement: None
- Number of fireplaces: 1
- Fireplace features: Double Sided
- Common walls with other units/homes: No One Above,No One Below
Interior area
- Total structure area: 1,675
- Total interior livable area: 1,675 sqft
- Finished area above ground: 1,675
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Parking Pad
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Enclosed, Front Porch
- Exterior features: Other, No Dock
- Pool features: None
- Spa features: None
- Fencing: Front Yard
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.31 Acres
- Features: Front Yard, Level, Open Lot, Rectangular Lot
Details
- Additional structures: None
- Parcel number: 14 014500050143
- Special conditions: Standard
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Cottage,Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Brick 4 Sides
- Foundation: Slab
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1930
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Public Transportation, Sidewalks, Street Lights
- Security: Security System Owned
- Subdivision: Grove Park
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Price per square foot: $149/sqft
- Tax assessed value: $214,600
- Annual tax amount: $1,230
- Date on market: 4/22/2025
- Ownership: Other
- Electric utility on property: Yes
- Road surface type: Asphalt
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