2231 Penelope St NW

$215,000
Price
3
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

Recently Remodeled Fantastic Turn Key Investment Opportunity! Very nice low maintenance 1 story ranch is fully renovated and rented, $1843 per month thru 3/2026. New Roof Installed, New Siding, All new windows installed. Investor special. This 90% complete 3 BR / 2 BA home offers modern finishes with less than $20k in repairs left. Add to your portfolio with high-demand rental property. Photos AI renderings of the completed work. Bathrooms have been fully updated
Can be bought as a package with SF
...Recently Remodeled Fantastic Turn Key Investment Opportunity! Very nice low maintenance 1 story ranch is fully renovated and rented, $1843 per month thru 3/2026. New Roof Installed, New Siding, All new windows installed. Investor special. This 90% complete 3 BR / 2 BA home offers modern finishes with less than $20k in repairs left. Add to your portfolio with high-demand rental property. Photos AI renderings of the completed work. Bathrooms have been fully updated
Can be bought as a package with SF Home Next Door 2215 Penelope St asking only $199,500
Section 8 Rental Income. Automatic payment 1st of the month - Forever investment package you have been looking for! Tenant Pays All utilities.
  1. Listed by James McGeehan • Virtual Properties Realty. Biz

Property Details for 2231 Penelope Street Northwest

Subdivision Complex
Dixie Hills
Num Of Parking Spaces
4
Parking Features
None
Property Attached
No
Waterfront Features
None
Furnished
Unfurnished
LISTING UPDATED: 11/19/2025 02:20 PM

Property Details for 2231 Penelope Street Northwest

StatusActive
MLS #7652625
Days on Market95
Taxes$2,820 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1950
Lot Size0.42 AC / 18,295 SF
CountyFulton County

Location

Listing Courtesy of Virtual Properties Realty. Biz, James McGeehan
Add your commute

Building Information for 2231 Penelope Street Northwest

Stories1Residences1Year Built1950Building Size-Lot Size0.42 AC / 18,295 SF

Payment Calculator

$1,297 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,062

Property Taxes

$235

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2231 Penelope Street Northwest

Summary
Location and General Information
  • Community Features: None
  • Directions: Use GPS
  • Lake Name: None
  • View: Other
  • Coordinates: -84.456935, 33.756356
Taxes and HOA Information
  • Parcel Number: 14 017900060166
  • Tax Year: 2025
  • Association: No
  • Tax Legal Description: Parcel ID 14 01790060166
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Woodson Park Academy
  • High School: Frederick Douglass
  • Middle School: John Lewis Invictus Academy/Harper-Archer
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central, Electric, Forced Air
  • Levels/Stories: One
  • Window Features: Insulated Windows
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Other
  • Fencing: None
  • Roof Type: Other
  • Security Features: Carbon Monoxide Detector(s)
  • Pool Private: No
Property
Utilities
  • Sewer: Other
  • Utilities: Other
  • Water Source: Other
Property and Assessments
  • Home Warranty: No
  • Property Condition: Updated/Remodeled
  • Possession: Negotiable
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Lot Features: Other
  • Acreage Source: Estimated
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 1
Income & Expenses Information
  • Gross Annual Income: $22,116.00
  • N.O.I. $: $14,026.00
  • Annual Expenses: $300.00
Unit 1
  • Unit Deposit Amount: $600.00
  • Unit Electric Included: No
  • Unit Features: None, Central Air, Dryer, Fire Alarm, Hardwood Floors, Range/Oven, Refrigerator, Smoke Alarm, Walk-In Closet, Washer
  • Unit Garbage Included: No
  • Unit Gas Included: No
  • Unit Half Baths: 0
  • Unit Maintenance Included: No
  • Unit Occupant: Other
  • Unit Water Included: No
  • Unit Rent Amount: $1,843.00
  • Unit Full Baths: 2
  • Unit Bedrooms: 3
Rental
Rent Information
  • Occupant Types: Tenant

Property History for 2231 Penelope Street Northwest

DateEvent & SourcePriceAppreciation
Jan 4, 2017

Sold (Public Record)

Public Record #586704082

$29,500—
Dec 8, 2016

Sold (Public Record)

Public Record #585696782

$20,000

-50.3% / yr

Nov 10, 2015

Sold (Public Record)

Public Record #561499636

$42,500

+47.6% / yr

Dec 3, 2013

Sold (Public Record)

Public Record #392951273

$20,000

+29.8% / yr

Jan 10, 2011

Sold (Public Record)

Public Record #306897724

$9,405

-81.2% / yr

Aug 3, 2010

Sold (Public Record)

Public Record #295947740

$19,550

-36.2% / yr

Mar 30, 2007

Sold (Public Record)

Public Record #222245922

$87,750

+4.4% / yr

Jun 30, 2006

Sold (Public Record)

Public Record #212602811

$85,000

+919.8% / yr

May 2, 2006

Sold (Public Record)

Public Record #212582529

$58,413

-99.2% / yr

Mar 7, 2006

Sold (Public Record)

Public Record #212563133

$123,556

-9.4% / yr

Nov 29, 2004

Sold (Public Record)

Public Record #308369062

$140,000

+8011.8% / yr

Sep 30, 2004

Sold (Public Record)

Public Record #308331309

$68,000—
Sep 30, 2004

Sold (Public Record)

Public Record #308331308

$54,000—
DateEvent & SourcePrice
01/04/2017

Sold (Public Record)

Public Record #586704082

$29,500
12/08/2016

Sold (Public Record)

Public Record #585696782

$20,000

-50.3% / yr

11/10/2015

Sold (Public Record)

Public Record #561499636

$42,500

+47.6% / yr

12/03/2013

Sold (Public Record)

Public Record #392951273

$20,000

+29.8% / yr

01/10/2011

Sold (Public Record)

Public Record #306897724

$9,405

-81.2% / yr

08/03/2010

Sold (Public Record)

Public Record #295947740

$19,550

-36.2% / yr

03/30/2007

Sold (Public Record)

Public Record #222245922

$87,750

+4.4% / yr

06/30/2006

Sold (Public Record)

Public Record #212602811

$85,000

+919.8% / yr

05/02/2006

Sold (Public Record)

Public Record #212582529

$58,413

-99.2% / yr

03/07/2006

Sold (Public Record)

Public Record #212563133

$123,556

-9.4% / yr

11/29/2004

Sold (Public Record)

Public Record #308369062

$140,000

+8011.8% / yr

09/30/2004

Sold (Public Record)

Public Record #308331309

$68,000
09/30/2004

Sold (Public Record)

Public Record #308331308

$54,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2231 Penelope Street Northwest

Taxable ValueLand$27,840Additions$42,000Total$69,840
Home Facts
Beds2Baths2Total Finished SqFt1,258 SqFtAbove Grade Finished SqFt1,258 SqFtStories1Lot Size8,799 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1965ZoningR5CountyFULTONAPN14 017900060166

Schools near 2231 Penelope Street Northwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
John Lewis Invictus Academy
Public6 to 8

Douglass High School
Public9 to 12

KIPP Atlanta Collegiate
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2231 Penelope Street Northwest is a multi-family home for sale in Atlanta, GA 30314. This property was listed for sale on September 19, 2025 by Virtual Properties Realty. Biz, it's currently listed at $215,000. It has been on the market for a total of 95 days and was last sold on January 4, 2017. This listing's school district is Atlanta Public Schools. Nearby schools include Bazoline E. Usher/Collier Heights Elmentary School, John Lewis Invictus Academy and Douglass High School. 2231 Penelope Street Northwest is a 3-bed, 2-bath, multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Virtual Properties Realty. Biz, James McGeehan

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.