1917 Penelope Road NW
Atlanta, GA 30314
$279,900
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.
- SubdivisionPenelope Neighbors
- Zip Code30314
- CityAtlanta
- CountyFulton - GA
Location
- ElementaryWoodson Park Academy
- JuniorRalph Bunche
- HighFrederick Douglass
Schools
- StatusActive
- MLS #7595654
- TypeResidential
- SpecialSold As/Is
MLS Data
- Bedrooms6
- Bathrooms3
- Bedroom DescriptionDouble Master Bedroom, Master on Main, Studio
- RoomsBasement, Bathroom, Bedroom, Laundry
- BasementFinished Bath, Full, Interior Entry
- FeaturesHigh Ceilings 9 ft Upper, Walk-In Closet(s)
- KitchenBreakfast Bar, Breakfast Room, Solid Surface Counters
- AppliancesDishwasher, Double Oven, Gas Water Heater, Microwave, Range Hood
- HVACAttic Fan, Ceiling Fan(s), Central Air
- Fireplaces1
- Fireplace DescriptionGreat Room
Interior Details
- StyleRanch, Traditional
- ConstructionBlock
- Built In1957
- StoriesArray
- ParkingAttached
- UtilitiesCable Available, Electricity Available, Natural Gas Available, Sewer Available, Underground Utilities, Water Available
- SewerPublic Sewer
- Lot Dimensionsx
- Acres0.2152
Exterior Details
Listing Provided Courtesy Of: Maximum One Greater Atlanta Realtors 770-919-8825
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Data Last updated on July 9, 2025 6:13pm