1917 Penelope Road Nw, Atlanta

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.

Properties for Sale Similar to 1917 Penelope Road Nw, Atlanta, GA

240 W Lake Drive Nw, Atlanta

$345,000 - 4 Beds, 3 Baths, 2,000 Sf

MLS® # 7594859

Listed By:
Engel & Volkers Atlanta

2351 Carver Drive Nw, Atlanta

$325,000 - 4 Beds, 2 Baths, 1,456 Sf

MLS® # 7591616

Listed By:
Real Time Realty Of Georgia, LLC.

186 W Lake Drive Nw, Atlanta

$275,000 - 3 Beds, 2 Baths, 1,216 Sf

MLS® # 7590629

Listed By:
Century 21 Results