USAGAAtlantaPenelope Neighbors1860 Penelope Rd Nw

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$475,000

For Sale

A month ago

1860 Penelope Rd Nw, Atlanta, GA

House

MLS® 7737276

3 Bed

3 Bath

1688 sqft

6 Parking

Key Facts
Description
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1688 sqft

Garage Yes

Taxes $4,934

Days Active 45

Lot Size

Approx. Age 1949

Avg. Price Per Sqft $281

MLS® Number 7737276

Property Address: 1860 Penelope Rd Nw, Atlanta, GA, 30314-1931

Average square foot calculated using Size range provided by listing agent.

Description

Set on 1.75 acres in the heart of Atlanta, this renovated home offers a rare opportunity to own your own urban oasis with the flexibility to live, host, and generate income all in one place. With cash flow becoming harder to find, this property offers a unique opportunity. Enjoy it as a private residence with incredible outdoor space, purchase it as a fully operating hostel business that has averaged approximately $150, 000 per year in revenue over the past three years (see agent for details), or use it as the ultimate house hack. The true highlight of this property is the land and outdoor experience, with features throughout the designed for gathering, entertaining, and flexible use. The grounds have been improved with over $15, 000 in plantings, mature pecan and black walnut trees, and expansive cleared space ideal for gardening or simply enjoying the outdoors. A looping gravel drive with two access points on Penelope Rd, a secured gated entrance, and a gravel parking lot for 6+ vehicles or RVs provide both functionality and flexibility. The outdoor setup includes an outdoor shower, fire pit lounge area, elevated mulched terrace, pavilion-style seating and grilling area, multiple storage structures, a striking mural-covered shipping container, and additional structures including a yurt and glamping-style accommodations. The home was renovated in 2020 and features bright, updated interiors, including hardwood floors throughout, tiled bathrooms, and a renovated kitchen with white cabinetry and granite countertops. The layout offers flexibility for a variety of living arrangements, including a primary suite on the main level. An unfinished basement with interior and exterior entry, newer major systems including roof, HVAC, and water heater (all approximately 5 years old), and a detached two-car garage add functionality and long-term value. The property also offers ample space to add an ADU or convert the detached two-car garage into an ADU, creating an additional income stream. There may also be potential to subdivide the property into multiple parcels; Buyer should confirm feasibility with the appropriate authorities. A truly unique opportunity to own a property with rare acreage, character, and income potential in the heart of Atlanta.

MLS® Number7737276

Laundry LevelLower

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1949

BasementExterior Entry, Interior Entry, Partial, Unfinished, Walk-Out Access

DrivewayDetached, Driveway, Garage, Level Driveway, RV Access/Parking, See Remarks

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 18, 2026List Date

$475,000List Price

Home Appraisal

This property is estimated to sell between: $351,000 and $537,000.

Similar properties in this area sold on average for: $351,800

Expected to sell in 39 days. Similar properties sold in 84 days. This home has been on eXp Realty for 45 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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