9,374 Sqft Lot
9,374 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Penelope Neighbors
MLS Listing ID 7555690
Construction Status Resale
HOA Y/N No
Originating Board First Multiple Listing Service
Year Built 1957
Annual Tax Amount $4,949
Tax Year 2024
Lot Size 9,374 Sqft
Acres 0.2152
Property Sub-Type Other
Property Description
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.”**
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
