1917 Penelope Road NW
Atlanta, GA 30314
- – beds
- – baths
- – sqft
- 9,365 sqft lot
- 1957 build
- – on site
Let me introduce you to an incredible investment opportunity in West Atlanta - 1917 Penelope Road. Atlanta, GA 30314 This solid, four-sided brick home offers the perfect blend of space, stability, and upside. It features 6 bedrooms, 3 bathrooms, and over 2,600 square feet of finished living space, including a fully finished basement - ideal for owner occupied or flexible tenant setups. Listed at $279,900, the property is structurally sound and only needs light cosmetic updates - making it a perfect low-lift value-add play. Now let's talk cash flow. This home sits in a high-demand rental area and qualifies for the Choice Program, also known as Section 8. That means guaranteed rent and steady tenant demand. You're looking at rental income potential of: ?? $2,900 per month with the owner covering utilities, or ?? $2,700 per month if the tenant covers them. That's up to $34,800 in gross annual rent - from day one. And here's where it gets even better: With just a few cosmetic touches, you can boost the property's value, attract stronger tenants, and increase your equity - all while generating consistent passive income. Add in the finished basement, and you've got serious flexibility - for multi-generational tenants, extra rooms, or even rental by the room. The Choice Program provides guaranteed income, 6-bedroom homes are in short supply, and West Atlanta is trending up fast - with rising values and strong demand. So if you're looking for a plug-and-play rental with long-term potential and steady returns, 1917 Penelope Road is one to move on quickly. Let's talk numbers, walk the property, or get this added to your portfolio today.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Apr 7, 2025
•
MLS# 10495555 —
This property is listed in more than one place. See it here.
The Building
-
Year Built:1957
-
Construction Materials:Block, Brick
-
Structure Type:House
-
# of Units Total:1
-
Foundation Details:Block, Pillar/Post/Pier
-
Levels:One
-
Basement:Full
-
Green Water Conservation:Low-Flow Fixtures
Interior
-
Green Energy Efficient:Appliances, Roof, Water Heater
Financial & Terms
-
Possession:Close Of Escrow
-
Owner Pays:Gas, Water
Location
-
Latitude:33.754039
-
Longitude:-84.450388
The Property
-
Property Type:Residential Income
-
Property Condition:Resale
-
Lot Size Acres:0.215
-
Lot Size Source:Public Records
-
Parcel Number:14 017300100158
Listing Agent
- Contact info:
- Agent phone:
- (770) 919-8825
- Office phone:
- (770) 919-8825
Taxes
-
Tax Year:22
-
Tax Annual Amount:$2,373
Heating & Cooling
-
Heating:Central, Electric, Natural Gas
-
Cooling:Attic Fan, Ceiling Fan(s), Central Air
Utilities
-
Utilities:Gas Individual Meters, Sewer Connected, Underground Utilities
-
Sewer:Public Sewer
-
Water Source:Public
Appliances
-
Laundry Features:Coin Laundry
Schools
-
Elementary School:Woodson
-
Elementary Bus:Yes
-
Middle School:Other
-
Middle School Bus:Yes
-
High School:Douglass
-
High School Bus:Yes
The Community
-
Subdivision:Penelope Neighbor
-
Community Features:Walk To Shopping
-
Association:No
-
Association Fee Includes:Trash
Parking
-
Parking Features:Attached, Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/7/25
Apr 7, 2025
|
Listed / Active | GAMLS | $279,900 |
