1917 Penelope Road NW, Atlanta, GA 30314

$279,900

bedrooms

bathrooms

square feet

Acreage

0.2152

Open Houses

year built

1957

Full Baths

Half Baths

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“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.”**

Location
Subdivision	Penelope Neighbors
County	Fulton - GA
Elementary School	Woodson Park Academy
Middle School	Ralph Bunche
High School	Frederick Douglass

Driving directions

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None scheduled.

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MLS number: 7555690

Listing agent: George Ansong

Listing broker: Maximum One Real Estate Group, Llc (770) 919-8825

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Last update: Wednesday, April 9 2025 at 6:25 a.m. EDT

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