332 Lockwood Terrace

A 0.38-acre duplex in Decatur.

|| TENANT-OCCUPIED DUPLEX = INSTANT INCOME || NO HOA & NO RENT RESTRICTIONS || NEW WATER HEATERS IN BOTH UNITS || || TOP RATED SCHOOLS || SEPARATE DRIVEWAYS & LARGE YARDS || FRESH EXTERIOR PAINT & LANDSCAPING || MINUTES TO DOWNTOWN ATLANTA ||
Opportunity meets location at 332 Lockwood Terrace in Decatur, where lifestyle, flexibility, and income potential come together. This tenant-occupied duplex features two units, each offering 2 bedrooms and 1.5 baths with approximately 1,000 square feet, making it an ideal setup for investors seeking instant rental income or buyers who want to live in one side while renting the other.
Recent improvements help enhance the property’s appeal, including NEW WATER HEATERS in both units, fresh exterior paint, refurbishment of Unit B, and fresh landscaping that adds curb appeal the moment you arrive. Each unit also enjoys its own private driveway and large yard, giving residents the kind of space and independence that is hard to find in multifamily living.
Picture the everyday convenience: mornings where tenants can hop in the car for an easy commute into Downtown Atlanta, or take advantage of easy MARTA access nearby. On weekends, the possibilities expand in every direction—explore Downtown Decatur’s restaurants, shops, and local events, meet friends at one of the 10 nearby parks, cool off at one of the 3 public pools, or swing by the local farmer’s market just 2 miles away for fresh produce and community vibes.
With NO HOA and NO RENT RESTRICTIONS, this property offers rare flexibility for investors and owner-occupants alike. Combine that with two tenants already in place and top-rated schools nearby, and you have a property positioned for both lifestyle and long-term value.
You can’t beat this location or the opportunity for immediate income in one of Decatur’s most convenient areas! **Renters are Family/Friends and Paying Below Market Value.**

Property details

Where it sits

Mortgage estimate

An estimate of your monthly payment, including principal, interest, taxes, and insurance. Property taxes for this listing are $3,392 annually.

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