2231 Penelope Street NW Atlanta, GA ^$ 199,000

2231 Penelope Street NW

^$ 199,000

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2231 Penelope Street NW

Atlanta, GA, 30314

^$ 199,000

Studio Baths0.0

Monthly Estimate*

^$ 1,225

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Studio

Multi-Family Home for sale in Atlanta, GA

for $199,000. This home was built in 1950 on a lot size of 0.42.

Recently Remodeled Fantastic Very nice low maintenance 1 story ranch is fully renovated and rented, $1843 per month thru 3/2026. New Roof Installed, All new windows installed and new siding just installed Dec 2025. Very Nice

Multi-Family Active

Price

^$ 199,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,820

Style

Lot Size

0.42

Year Built

1950

Town/City

Atlanta

County/Region

Fulton

MLS | Web ID

7652625

Features

General

Sewer Other

Heating Central Electric Forced Air

Cooling Central Air

Utilities Other

Roof Other

Security Features Carbon Monoxide Detector(s)

Construction Materials Other

Year Built 1950

View Other

Levels One

Property Subtype Other

Tax Year 2025

Parcel Number 14 017900060166

Gross Income 22116

Waterfront Features None

Community Features None

Accessibility None

County Fulton - GA

Net Operating Income 14026

Operating Expense 300

Property Type Residential Income

HOA false

Energy Efficient None

Subdivision Name Dixie Hills

Green Energy Generation None

Status Active

Directions Use GPS

High School Frederick Douglass

City Atlanta

Body of Water None

Number Of Units Total 1

Elementary School Woodson Park Academy

Property Attached Y/N false

Tax Annual Amount 2820

Home Warranty Y/N false

Middle/Junior High School John Lewis Invictus Academy/Harper-Archer

Property Condition Updated/Remodeled

Standard Status Active

Cap Rate 0

Freehold IDX

Corporate Owner Owner/Agent Sold As/Is

Interior

Furnished Y/N Unfurnished

Window Features Insulated Windows

Total Baths 0

Exterior

Fencing None

Parking Features None

Lot Features Other

Water Source Other

Total Parking 4

Lot Dimensions x

Lot Size Acres 0.42

Lot Size Source Estimated

* Excluded Features

List By

James McGeehan

Listing Agent

Virtual Properties Realty. Biz

Broker

jmcgeehan52@gmail.com

Affordability Calculator

$1,460

Per Month

Monthly Principal & Interest: $1,225
Monthly Property Taxes: $235
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Atlanta, GA

Average List Price ^$662,780

Percent of Sale Price 233%

About Atlanta, GA

478,204 Population

15% Since 2002

^$55,840 Median Income

35.72 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3420514 Elementary School

3420547 Middle School

Frederick Douglass High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2026	$199,000	-9.13%	Price Down
1/29/2026	$219,000		Listed Price

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2231 Penelope Street NW, Atlanta, GA, 30314 is a Multi-Family Home for sale at $199,000 with a lot size of 0.42. 2231 Penelope Street NW is a studio with 0.0 baths and was built in 1950. The property's zip code is 30314 which is in Atlanta, GA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listings 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 to review our DMCA policy and learn how to submit a takedown request. © 2026 First Multiple Listing Service, Inc.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Market Pricing and get the Facts about - are provided by On-Board Data Systems

Techinical Entity for providing IDX functionality is Weichert Lead Network - wlnhelp@wlninc.com

Data is updated as of 4/22/2026.

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2231 Penelope Street NW

Multi-Family Home for sale in Atlanta, GA

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