Georgia
Atlanta
1917 Penelope NW Road

$279,900

1917 Penelope NW Road, Atlanta, GA 30314

6 beds |
3 baths |
1,300 sqft

Single-Family Home
Built in 1957
9,374sqft lot
—— car garage
$215/sqft
Listed 12 days ago

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.

Listing Status:: Active
Date Added:: June 10, 2025 at 05:00AM
Listing Office:: Maximum One Greater Atlanta Realtors : 770-919-8825
Listing Agent:: GEORGE ANSONG : 770-841-7920
MLS ID:: 7595654

General: High Ceilings 9 ft UpperWalk-In Closet(s)
Rooms: BasementBathroomBedroomLaundry
Appliances: DishwasherDouble OvenGas Water HeaterMicrowaveRange Hood
Laundry: Electric Dryer HookupGas Dryer HookupSinkOther
Basement: Finished BathFullInterior Entry
Flooring: Ceramic TileTileWood
A/C: Attic FanCeiling Fan(s)Central Air
Heating: Central
Fireplace: Great RoomFireplaces: 1
Disability Feature: None
Eco/Green Feature: NoneNone

This listing courtesy of GEORGE ANSONG, Maximum One Greater Atlanta Realtors

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Woodson Park Academy

20 Evelyn Way NW, Atlanta, GA, 30318

Grades KG-8

1.29 miles away

Kipp Strive Academy

1444 Lucile Ave SW, Atlanta, GA, 30310

Grades 5-8

1.22 miles away

Frederick Douglass High School

225 Hamilton E Holmes Dr NW, Atlanta, GA, 30318

Grades 9-12

1.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.