1860 Penelope Road, Atlanta, GA 30314

Atlanta
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
1860 Penelope Road,Atlanta, GA 30314
$699,999
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: grant waugh
Office: down home properties
MLS#:7737473
Source:FIRSTMLS

Price summary

  • Price:$699,999

About this home

Income-producing property in the heart of Atlanta currently operating as a fully functional hostel on 1.75 acres, anchored by a renovated single-family home and a variety of outdoor accommodations and gathering spaces. The business has averaged approximately $150,000 per year in revenue over the past three years (see agent for details). The property is set up for both functionality and expansion, featuring secured gated parking, a gravel parking area accommodating up to 6 vehicles and/or RVs, a detached two-car garage and two access points on Penelope Rd. Outdoor features include a raised mulched terrace, fire pit gathering area, and additional cleared space suitable for adding glamping tents or expanding operations. The seller has completed substantial grading and land improvements, including over $15,000 in plantings, mature pecan and black walnut trees, and well-defined usable outdoor space. The property may also offer subdivision potential (buyer to verify) and is within walking...

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Home facts

  • Year built:1949
  • Listing ID #:7737473
  • Updated:May 07, 2026 at 01:32 PM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air
  • Heating:Central, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1949
  • Lot area:1.75 Acres
  • Lot Features:Farm, Level, Private
  • Construction Materials:Stone
  • Levels:2 Story

Schools

  • High school:Fulton - Other
  • Middle school:Fulton - Other
  • Elementary school:Fulton - Other

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$699,999
  • Tax amount:$4,934 (2024)

Features and amenities

  • Smart home:Yes

Parking

  • Total parking spaces:8
  • Parking description:Detached, Driveway, Garage, Level Driveway, Parking Lot, Paved
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