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Chad Osborne - ENT ADMIN

investwithchad@gmail.com +1(407) 338-3339

$ 279,900

Est. payment -/mo

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Pending

1917 Penelope RD NW Atlanta, GA 30314

9,365 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Penelope Neighbor

MLS Listing ID 10495555

HOA Y/N Yes

Year Built 1957

Annual Tax Amount $2,373

Tax Year 22

Lot Size 9,365 Sqft

Acres 0.215

Lot Dimensions 9365.4

Property Sub-Type Multi Family

Source Georgia MLS 2

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

Rooms

Basement Full

Interior

Heating Central, Electric, Natural Gas

Cooling Attic Fan, Ceiling Fan(s), Central Air

Fireplace No

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

Garage Yes

Private Pool No

Building

Faces GPS FRIENDLY -

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

HOA Fee Include Trash

Tax ID 14 017300100158

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Resale

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