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Property view

188 Lake Drive, 
Atlanta, GA 30340

$435,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Rhonda Duffy

Bought with KWRS01

Duffy Realty

MLS#

10628987

Source:

METROMLS

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About This Home

188 Lake Drive

|| FULLY LEASED DUPLEX || || LONG-TERM TENANTS THROUGH MID-2027 || || STRONG CASH FLOW || || CONVENIENT LOCATION || || NO HOA & NO RENT RESTRICTIONS || 1700 SQ FT || || 2/1 ON EACH SIDE || || SELLER WILL SELL 2 DUPLEXES (186 & 188 Lake Dr) for $868,000!! || NEW ROOF NEGOTIABLE || ** What You'll See ** A SOLID BRICK DUPLEX standing strong since 1961, freshly updated with modern touches and clean curb appeal. You'll notice TWO SEPARATE DRIVEWAYS, each leading to its own private entrance and fenced backyard ideal for privacy and low-maintenance living. Step inside and see the durability of LVP AND TILE FLOORING throughout, paired with ORIGINAL TILE BATHS that offer character and longevity. The lot's 0.24 ACRES provide just enough outdoor space for tenants to enjoy, while the STORAGE SHEDS in the carports add practical value and organization. ** What You'll Hear ** From this central Doraville location, you'll hear the hum of a thriving community neighborhood sounds, friendly chatter, and the occasional passing train connecting you to the pulse of Atlanta just minutes away. The nearby I-285 and I-85 corridors keep the city within easy reach, yet the residential setting allows for a quieter, more stable environment where tenants stay long-term and investors enjoy steady, predictable income. ** What You'll Feel ** Feel the confidence of owning a TURNKEY INVESTMENT that's already producing $3,200 PER MONTH in gross rent with tenants locked in.. You'll appreciate the peace of mind that comes from well-maintained interiors. This property feels balanced dependable income today with room to grow equity tomorrow through thoughtful updates or future rent increases. ** What You'll Experience ** Experience the satisfaction of smart ownership in a rapidly appreciating area with an ATLANTA ADDRESS and Gwinnett County taxes. You'll enjoy a sense of momentum stable returns now, long-term upside ahead, and a portfolio strengthened by a property that performs. Whether you're an experienced investor or just expanding your holdings, this DORAVILLE DUPLEX offers a reliable, income-producing opportunity in one of metro Atlanta's most convenient, connected neighborhoods. ** Recent sale of a similar property by the same owner supports the current list price. Strong comparable value established. Due diligence is for informational purposes only, as the home is being sold As-Is. See disclosures for all the information needed. Showings will only occur after an offer has been presented. Cap on seller-paid closing costs of $6000. ** **

Home Facts

Multi-Family

Built in 1961

Price Summary

440,000

MLS #:

10628987

Sold:

February 13, 2026


Structure

Structure

Year Built:

1961


Lot

Lot Size (Sq. Ft):

10,454


Finances & Disclosures

Finances

Price:

$440,000

MLS Logo
2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed May 14, 2026