1917 Penelope RD NW Atlanta, GA 30314
9,374 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Penelope Neighbors
MLS Listing ID 7555690
Construction Status Resale
HOA Y/N No
Year Built 1957
Annual Tax Amount $4,949
Tax Year 2024
Lot Size 9,374 Sqft
Acres 0.2152
Property Sub-Type Other
Source First Multiple Listing Service
Property Description
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
Lake Name None
Interior
Heating Central
Cooling Attic Fan, Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Tile, Wood
Window Features Window Treatments
Exterior
Parking Features Attached
Fence Back Yard
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
Waterfront Description None
View City
Roof Type Asbestos Shingle,Tar/Gravel,Tile
Accessibility None
Handicap Access None
Private Pool false
Building
Lot Description Other
Story One and One Half
Sewer Public Sewer
Water Public
Level or Stories One and One Half
Structure Type Block
New Construction No
Construction Status Resale
Schools
Elementary Schools Woodson Park Academy
Middle Schools Ralph Bunche
High Schools Frederick Douglass
Others
Senior Community no
Tax ID 14 017300100158
Special Listing Condition None
Virtual Tour https://idx.paradym.com/idx/1917-Penelope-Road-NW-Atlanta-GA-30314/4915940/prt/37
