1917 Penelope RD NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30314
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Penelope Neighbor
MLS Listing ID 10495555
Year Built 1957
Annual Tax Amount $2,373
Tax Year 22
Lot Size 9,365 Sqft
Property Sub-Type Multi Family
Property Description
Back on the Market - Appraised Above List Price! An incredible opportunity awaits in the rapidly revitalizing heart of West Atlanta. Welcome to 1917 Penelope Road - a spacious, four-sided brick residence that combines classic durability with investment versatility. This well-maintained home offers 6 generously sized bedrooms, 3 full bathrooms, and over 2,600 sq ft of finished living space - including a fully finished basement that opens the door to multi-generational living, rental income, or a creative house-hack setup. Structurally sound and move-in ready, this property is located in a high-demand rental zone and is Choice Housing Program (Section 8) eligible - delivering guaranteed rent and strong, ongoing tenant demand. Rental Income Potential: * $2,900/month with owner-paid utilities * $2,700/month with tenant-paid utilities That's up to $34,800 in gross annual rent from day one. Inside, the spacious floor plan offers room to grow or generate income, while the finished basement adds functional flexibility - perfect for extended family, a tenant suite, or even a rent-by-the-room model. Homes with this level of space, income potential, and affordability are increasingly rare in this fast-appreciating area. Whether you're a first-time investor, seasoned landlord, or buyer seeking long-term value with upside, 1917 Penelope Road presents an unmatched blend of immediate cash flow and future equity. Don't wait - schedule your private showing today and unlock the potential of this West Atlanta gem.
Location
State GA
County Fulton
Interior
Heating Central,Electric,Natural Gas
Cooling Attic Fan,Ceiling Fan(s),Central Air
Laundry Coin Laundry
Exterior
Parking Features Attached,Off Street
Community Features Near Shopping
Utilities Available Gas Individual Meters,Sewer Connected,Underground Utilities
View Y/N No
Building
Foundation Block,Pillar/Post/Pier
Sewer Public Sewer
Water Public
Structure Type Block,Brick
New Construction No
Schools
Elementary Schools Woodson
Middle Schools Other
High Schools Douglass
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Resale