UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,600 sqft
Price per Sqft $107
Subdivision Penelope Neighbors
MLS Listing ID 7595654
Style Ranch,Traditional
Bedrooms 6
Full Baths 3
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 Single Family Residence
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
Rooms
Bedroom Description Double Master Bedroom,Master on Main,Studio
Other Rooms None
Basement Finished Bath, Full, Interior Entry
Main Level Bedrooms 4
Dining Room Dining L, Great Room
Interior
Interior Features High Ceilings 9 ft Upper, Walk-In Closet(s)
Heating Central
Cooling Attic Fan, Ceiling Fan(s), Central Air
Flooring Ceramic Tile, Tile, Wood
Fireplaces Number 1
Fireplaces Type Great Room
Window Features Window Treatments
Appliance Dishwasher, Double Oven, Gas Water Heater, Microwave, Range Hood
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Sink, Other
Exterior
Exterior Feature Other
Parking Features Attached
Fence Back Yard
Pool None
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 Tar/Gravel,Tile
Street Surface Asphalt,Concrete
Accessibility None
Handicap Access None
Porch Deck, Screened
Private Pool false
Building
Lot Description Other
Story One and One Half
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Ranch, Traditional
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
Restrictions false
Tax ID 14 017300100158
Special Listing Condition None
Virtual Tour https://idx.paradym.com/idx/1917-Penelope-Road-NW-Atlanta-GA-30314/4926208/prt/37
