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7-Bedroom Rooming House

1917 Penelope Road NW, Atlanta, GA 30314

For Sale
$349,000

The property has established tenants and an on-site house manager.

Property SizeContact for details
Days on Market12

Property Features for 1917 Penelope Road NW

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood Penelope Neighbors
Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Additional Details

Asking Price $369,000
Tenant in Place Yes

Building Details

Year Built 1957
Tenancy Multi
Listing Agency: Keller Williams Realty West Atlanta
Listed By: Rock River Realty
Source: Rockriverrealty
Added: Nov 3 Changed: Nov 12 Last Checked: Nov 12 at 7:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty West Atlanta

Rey
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Investment Insights

Based on property information with market context.

Built in 1957, this rooming house has seven bedrooms and three bathrooms. The main level contains four bedrooms and two bathrooms; a finished basement suite adds three bedrooms, one bathroom, and a kitchenette. The property has established tenants and an on-site house manager. The owner pays utilities.

The home is three blocks from a MARTA train station in Atlanta. The stated layout and existing room-by-room occupancy define its current residential configuration.

Key Highlights

  • Seven rental rooms with established tenants
  • Main level includes 4 bedrooms and 2 bathrooms
  • Finished basement suite has 3 bedrooms, 1 bathroom, and a kitchenette

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

322
Businesses Nearby

Demographics for 30314, GA

20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Multifamily properties in Atlanta

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property has established tenants and an on-site house manager.
Where is this multifamily property located?
The property is located at 1917 Penelope Road NW Atlanta, GA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Seven rental rooms with established tenants; Main level includes 4 bedrooms and 2 bathrooms; Finished basement suite has 3 bedrooms, 1 bathroom, and a kitchenette
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