Building Details

Buildings 2

Listing Agency: Virtual Properties Realty

Listed By: James McGeehan · License #VA 0225267633 Show Phone

Source: Crexi

Added: Sep 15 Changed: Oct 19 Last Checked: Oct 19 at 4:13AM

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Investment Insights

Based on property information with market context.

This multifamily portfolio includes two single-family homes with Section 8 income. The properties are located at 2231 Penelope Street Northwest in Atlanta, Georgia 30314.

The current owner has held the homes for over 11 years. The offering provides ownership of both residences in a single transaction.

Key Highlights

• Portfolio includes 2 single‑family homes
• Section 8 income in place
• Located at 2231 Penelope Street Northwest, Atlanta, GA 30314

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

417

Businesses Nearby

Explore this area Business Placement

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two single-family homes generate Section 8 income within one multifamily offering.

Where is this multifamily property located?

The property is located at 2231 Penelope Street Northwest Atlanta, GA.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: Portfolio includes 2 single‑family homes; Section 8 income in place; Located at 2231 Penelope Street Northwest, Atlanta, GA 30314