|| 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.**
Active
Price cut: $5K (4/16)
$745,000
332 Lockwood Ter, Decatur, GA 30030
4beds
2baths
--sqft
Est.:
Duplex, Residential Income
Built in 1980
-- sqft lot
$734,100 Zestimate®
$--/sqft
$-- HOA
What's special
Fresh exterior paint
- 69 days |
- 506 |
- 20 |
Zillow last checked:
Listing updated:
Listing Provided by:
RHONDA DUFFY,
Duffy Realty of Atlanta 678-318-3613
Source: FMLS GA,MLS#: 7732562
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Central
Cooling
- Central Air
Features
- Windows: None
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Bedroom
Features
- Levels: One
- Stories: 1
- Fencing: Back Yard,Privacy
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.38 Acres
- Features: Other
Details
- Parcel number: 18 007 05 137
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Residential Income
Materials
- Wood Siding
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1980
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Near Shopping, Near Schools, Near Public Transport
- Security: None
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Decatur
Financial & listing details
- Tax assessed value: $726,300
- Annual tax amount: $3,392
- Date on market: 3/10/2026
- Cumulative days on market: 69 days
- Electric utility on property: Yes
Estimated market value
$734,100
$697,000 - $771,000
$2,261/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Price change | $745,000-0.7% |
Source: | ||
| 3/10/2026 | Listed for sale | $750,000-16.7% |
Source: | ||
| 3/6/2026 | Listing removed | $899,900 |
Source: | ||
| 12/17/2025 | Price change | $899,9000% |
Source: | ||
| 12/11/2025 | Listed for sale | $900,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,437 +19.9% | $290,520 +21% |
| 2024 | $18,707 +784.5% | $240,160 +9.3% |
| 2023 | $2,115 +13.9% | $219,640 +12.4% |
| 2022 | $1,857 +21.4% | $195,480 +21.4% |
| 2021 | $1,530 -8.5% | $160,960 |
| 2020 | $1,673 +20.1% | $160,960 -6.2% |
| 2019 | $1,393 -6.5% | $171,640 +27.3% |
| 2018 | $1,489 -47.9% | $134,780 |
| 2017 | $2,858 +107.7% | $134,780 -10.8% |
| 2016 | $1,376 | $151,080 +27.8% |
| 2014 | $1,376 | $118,200 -18.3% |
| 2013 | -- | $144,760 |
| 2012 | -- | $144,760 +9.6% |
| 2011 | -- | $132,040 |
| 2010 | $1,441 | $132,040 |
| 2009 | $1,441 +1.9% | $132,040 |
| 2008 | $1,414 -8.7% | $132,040 |
| 2007 | $1,549 | $132,040 |
| 2006 | $1,549 +11% | $132,040 +5.7% |
| 2005 | $1,395 +9.5% | $124,880 +13.5% |
| 2004 | $1,274 +21.5% | $110,000 +25.9% |
| 2003 | $1,048 +0.8% | $87,360 |
| 2002 | $1,040 +21.1% | $87,360 +5.1% |
| 2001 | $859 | $83,120 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Decatur Heights
Nearby schools
GreatSchools rating
- NANew Glennwood ElementaryGrades: PK-2Distance: 0.6 mi
- 9/10Beacon Hill Middle SchoolGrades: 6-8Distance: 1.4 mi
- 9/10Decatur High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Glennwood
- Middle: Beacon Hill
- High: Decatur
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Dekalb County
- Decatur
- 30030
- Decatur Heights
- 332 Lockwood Ter





