1917 Penelope Road Nw, Atlanta, GA 30314

Atlanta
Local realty services provided by:ERA Towne Square Realty, Inc.
1917 Penelope Road Nw,Atlanta, GA 30314
$349,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: rick wiley
Office: coldwell banker realty
MLS#:7862230
Source:FIRSTMLS

Price summary

  • Price:$349,000

About this home

Exceptional cash-flowing investment opportunity in Atlanta's growing Westside! Offered at just $369,000, this income-producing 7-bedroom, 3-bathroom rooming house offers an impressive 15.53% gross rental yield based on scheduled income, established tenants, and tremendous value-add potential! Located JUST 3 BLOCKS FROM A MARTA TRAIN STATION, this property offers exceptional convenience for tenants and excellent potential for PadSplit or other room-by-room co-living strategies, subject to applicable regulations and platform approval. Current monthly rental breakdown includes Room 1: $740 (Airbnb), Room 2: $675 (long-term tenant), Room 3: $680, Room 4: $725 (private bathroom/on-site house manager), Room 5: $680, Room 6: $750, and Room 7: $600, totaling $4,850 monthly ($58,200 annually) in gross potential rental income. After the house manager's $75 monthly discount, scheduled rental income is $4,775 monthly ($57,300 annually), representing a 15.53% gross rental yield at the asking price...

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Home facts

  • Year built:1957
  • Subdivision & Development:Penelope Neighbors
  • Listing ID #:7862230
  • Updated:November 10, 2026 at 02:26 PM

Rooms and interior

  • Flooring:Hardwood, Vinyl

Heating and cooling

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

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Lot area:0.21 Acres
  • Construction Materials:Brick 4 Sides
  • Levels:2 Story

Schools

  • High school:Frederick Douglass
  • Middle school:Ralph Bunche
  • Elementary school:Woodson Park Academy

Utilities

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

Finances and disclosures

  • Price:$349,000
  • Tax amount:$4,949 (2024)

Parking

  • Total parking spaces:3
  • Parking description:Attached, Garage
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