1860 Penelope Road, Atlanta, GA 30314

Atlanta
Local realty services provided by:ERA Towne Square Realty, Inc.
1860 Penelope Road,Atlanta, GA 30314
$699,999
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: grant waugh770-209-3919
Office: down home properties
MLS#:7737473
Source:FIRSTMLS

Price summary

  • Price:$699,999

About this home

Income-producing property in the heart of Atlanta currently operating as a fully functional hostel on 1.75 acres, anchored by a renovated single-family home and a variety of outdoor accommodations and gathering spaces. The business has averaged approximately $150,000 per year in revenue over the past three years (see agent for details). The property is set up for both functionality and expansion, featuring secured gated parking, a gravel parking area accommodating up to 6 vehicles and/or RVs, a detached two-car garage and two access points on Penelope Rd. Outdoor features include a raised mulched terrace, fire pit gathering area, and additional cleared space suitable for adding glamping tents or expanding operations. The seller has completed substantial grading and land improvements, including over $15,000 in plantings, mature pecan and black walnut trees, and well-defined usable outdoor space. The property may also offer subdivision potential (buyer to verify) and is within walking...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1949
  • Listing ID #:7737473
  • Updated:March 19, 2026 at 01:33 PM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1949
  • Lot area:1.75 Acres
  • Lot Features:Farm, Level, Private
  • Construction Materials:Stone
  • Levels:2 Story

Schools

  • High school:Fulton - Other
  • Middle school:Fulton - Other
  • Elementary school:Fulton - Other

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$699,999
  • Tax amount:$4,934 (2024)

Features and amenities

  • Smart home:Yes

Parking

  • Total parking spaces:8
  • Parking description:Detached, Driveway, Garage, Level Driveway, Parking Lot, Paved
MLS LogoListings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here (https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. ©2026 First Multiple Listing Service, Inc.

New listings near 1860 Penelope Road