Recently Listed Open House 8/16 2pm - 4pm
1908 Penelope Road NW
Atlanta, GA, 30314 $ 325,000
Baths0.0 Monthly Estimate*
$ 2,052
Studio for $325,000. This home was built in 1945 on a lot size of 0.215.
Investors, take note: 1908 Penelope Rd NW is a well-positioned income property in one of Atlanta's high-demand Westside submarkets. This 1930-built, two-story home offers six bedrooms and two bathrooms, ideal for a room-by-room rental strategy, or lease the entire home to a single tenant or family for simpler management. Washer/dryer connections on both levels support flexible unit configurations, and hardwood floors, a fenced lot, and controlled access make the property easy to market and maintain. The location taps directly into strong, diverse renter demand. Sitting roughly 3 miles from the Atlanta University Center (Clark Atlanta University, Morehouse College, Spelman College, and Morehouse School of Medicine), this home has ready access to one of metro Atlanta's largest and steadiest tenant pools: students, faculty, and staff needing quality housing near campus. Commuter tenants will value being moments from I-20 and a 7-minute walk to the West Lake MARTA Station, with Hamilton E. Holmes, Ashby, Bankhead, and West End stations all close by, plus a 20-minute drive to Hartsfield-Jackson Atlanta International Airport - a natural draw for airline and travel-industry renters. Add in nearby shopping at Dixie Hills Plaza and Westview Plaza, recreation along the Atlanta BeltLine Southwest Connector Spur Trail and Cascade Springs Nature Preserve, and healthcare access via Grady Memorial Hospital and Emory University Hospital Midtown, and you have a location that supports long-term tenant retention. With room-by-room or whole-house rental flexibility and a location that checks every box for renters - transit, education, employment, and airport access - 1908 Penelope Rd is a compelling addition to any rental portfolio.
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Open House
8/16/2026 2:00 PM - 4:00 PM
1908 Penelope Road NW Atlanta, GA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer Public Sewer
Heating Baseboard Electric
Cooling Central Air
Utilities Other
HOA Fee 0
Association Fee Includes None
Construction Materials Brick
Year Built 1945
Levels Two
Property Subtype Multi Family
Tax Year 2025
Gross Income 0
Community Features None
County Fulton
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
MaintenanceExpense 0
Subdivision Name Andrews
Garage Y/N false
Status New
Directions Take I-20 West To Exit 53 MLK Dr. Turn Left on MLK Dr. Turn Right at next light Anderson Ave. Then Left on Penelope Rd. Home is on the Left.
High School Douglass
City Atlanta
Body of Water None
Number Of Units Total 2
Lot Size Units Square Feet
Lot Size Square Feet 9365.4
Carport Y/N false
Elementary School Woodson
Tax Annual Amount 3017
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Harper Archer
Property Condition Resale
Virtual Tour https://app.realkit.com/vid/1908-penelope-road-northwest-atlanta-1/ub
Structure Type Other
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorBasement Finished Full
Total Fireplaces 0
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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ExteriorParking Features Parking Pad
Water Source Public
Total Parking 0
Lot Size Area 9365.4
Lot Size Acres 0.215
Lot Size Source Public Records
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,052
- Monthly Property Taxes
- $251
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Atlanta, GA
Average List Price $639,764
Percent of Sale Price 97%
About Atlanta, GA 478,204 Population
15% Since 2002
$ 55,840 Median Income
35.72 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
4136273 Elementary School
4135901 Middle School
Douglass High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/5/2026 | $325,000 | | Listed Price |