500 Allendale Drive, Decatur, GA 30032

• 3 beds |
• 1 bath |
• 981 sqft

Property Description

East Lake Terrace Fixer Upper! Discover the exceptional potential of this East Lake area fixer-upper offered at $169,900! Perfectly positioned just one block from the world-renowned East Lake Golf Club, home of the PGA Tour Championship, this investment offers an unparalleled chance to capitalize on one of Atlanta's most rapidly appreciating neighborhoods.The home sits on a desirable, level lot surrounded by beautiful, established residences and is just steps away from the fairways. Furthermore, it’s just a few blocks away from the Candler Crossing Development at Glenwood and Candler, a $28.9 million revitalization project. This major development will feature a new Publix, a renovated MARTA stop, and is projected to open in 2027, promising significant appreciation and lifestyle enhancements for the area. Check out the surrounding renovated comps and new construction sale prices. There are multiple exit strategies for this deal. Buy, fix and add to your rental portfolio (ARVs: $200,000 to $275,000), renovate and flip/renovate with additional square footage and flip (ARVs: Mid-$300,000 to Mid-$500,000) or do a build new ($600,000 to $1,400,000)! See attached documents including a foundation inspection and a quote for foundation repair and a rental grade rehab. Please do your due diligence (inspections, contractor estimates and capital expenditure budget) prior to submitting an offer to eliminate the due diligence period.

Listing Status:

Active

Date Added:

February 6, 2026

Data Last Updated:

February 8, 2026 at 7:06AM

Listing Office:

Keller Williams Realty Metro Atlanta : 404-564-5560

Listing Agent:

Kathleen Levy : 470-690-7786

MLS ID:

7715808

Interior

• General: Crown MoldingHis and Hers Closets
• Rooms: Other
• Appliances: DishwasherGas RangeGas Water HeaterRange Hood
• Laundry: Electric Dryer HookupIn KitchenLaundry ClosetMain Level
• Basement: None
• Flooring: HardwoodTile
• A/C: Central AirElectric
• Heating: CentralNatural GasForced Air
• Fireplace: Fireplaces: 0
• Disability Feature: None
• Eco/Green Feature: NoneNone

Exterior

• General: GardenPrivate EntrancePrivate YardRain Gutters
• Style: Ranch
• Pool: None
• Parking: DrivewayKitchen LevelLevel Driveway

Construction

• Roofing: CompositionShingle
• Windows: Double Pane WindowsInsulated Windows
• General: BlockFrameWood SidingOneBlock

Location

• Road/Access: City Street
• Originating MLS: First Multiple Listing Service
• County: Dekalb - GA

Lot

• Zoning: -15 171 21 005
• View: Neighborhood
• Fencing: None

Utilities

• Utilities: Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available110 Volts220 Volts220 Volts in Laundry
• Water: Public
• Sewer: Public Sewer

Financial

• Source: First Multiple Listing Service