1860 Penelope Road Nw, Atlanta, GA 30314
Local realty services provided by:CENTURY 21 North East
Listed by: grant waughgrant@livedownhome.com
Office: down home properties
MLS#:10713139
Source:METROMLS
Price summary
- Price:$475,000
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 distance to the West Lake MARTA station. The property can be purchased as a fully operational, turnkey business + residential property, or as a single family home. Based on historical performance, the property demonstrates strong double-digit cap rate potential and strong cash flow with the ability to significantly outperform traditional rental properties, while also offering the flexibility to be the ultimate house hack. Seller is open to offering seller financing on the business portion and may also consider financing a portion of a buyer's down payment. Seller financing will require appropriate collateral, either through cross-collateralization or a second lien position if seller is bringing a sizable down payment. The operation is built on a highly automated system designed for remote management, including smart home integration (thermostats, locks, lighting, cameras, doorbells, Google Home), and channel management software connecting Airbnb, VRBO, Booking.com, Hostelworld, Beds24, and additional platforms. Systems include automated guest communication, consolidated messaging, direct booking integration, and a payment platform supporting credit card, cash, digital payments, and cryptocurrency, along with reporting and pricing tools. Seller is willing to provide training post-closing to buyer and is open to extended transition support as a paid consultant if desired. The property includes a substantial inventory of assets used in operations, including a 19-foot Red Sky Shelters yurt, 40-foot high cube shipping container, gazebos, storage structures, smart home systems, automated cleaning systems, Polaris four-wheeler, trailers, and full furnishings for guest accommodations and common areas. The main home was renovated in 2020 and includes hardwood floors, tiled bathrooms, and a renovated kitchen with white cabinetry and granite countertops. The layout includes a primary suite on the main level, along with an unfinished basement with interior and exterior access. Major systems including roof, HVAC, and water heater are approximately 5 years old. There is additional upside through the potential to add an ADU, expand accommodations, or further develop the property. Information deemed reliable but not guaranteed. Buyer to verify all potential uses and information....
Contact an agent
Home facts
- Year built:1949
- Listing ID #:10713139
- Updated:March 19, 2026 at 02:32 AM
Rooms and interior
- Basement Description:Exterior Entry, Interior Entry, Partial
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1949
- Construction Materials:Brick, Stone
- Foundation Description:Block
- Levels:2 Story
Schools
- High school:Other
- Middle school:Other
- Elementary school:Other
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$475,000
- Tax amount:$4,934 (2025)
Features and amenities
- Smart home:Yes
Parking
- Total parking spaces:8
- Parking description:1+ Parking Space/Unit, Detached Parking, Garage, RV / Boat Parking, Storage
- Garage:Yes
2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed March 19, 2026New listings near 1860 Penelope Road Nw
- Coming Soon
$1,275,000Coming Soon4 beds 4 baths1320 North Avenue Ne, Atlanta, GA 30307
MLS# 7737215Listed by: KELLER WILLIAMS REALTY METRO ATLANTA - New
$639,900Active4 beds 4 baths1,925 sq. ft.415 Gartrell Street Se #1, Atlanta, GA 30312
MLS# 7737448Listed by: COLDWELL BANKER REALTY - New
$899,000Active5 beds 4 baths3,724 sq. ft.1759 NE Beacon Hill Boulevard Ne, Atlanta, GA 30329
MLS# 10713113Listed by: Ansley RE|Christie's Int'l RE - Coming Soon
$298,000Coming Soon3 beds 2 baths813 Blue Hill Lane, Atlanta, GA 30349
MLS# 10713132Listed by: Floyd Realty Advisors - Coming Soon
$309,000Coming Soon1 beds 1 baths943 Peachtree Street Ne #1403, Atlanta, GA 30309
MLS# 7734992Listed by: ATLANTA FINE HOMES SOTHEBY'S INTERNATIONAL - New
$900,000Active4 beds 4 baths2,755 sq. ft.5905 Greenbrier Road, Atlanta, GA 30328
MLS# 10713031Listed by: Ansley RE | Christie's Int'l RE - New
$725,000Active4 beds 4 baths2,496 sq. ft.181 South Avenue Se, Atlanta, GA 30315
MLS# 10713043Listed by: BHHS Georgia Properties - New
$479,000Active-- beds -- baths432 Atwood Street, Atlanta, GA 30310
MLS# 10713055Listed by: JKOM Realty - Coming Soon
$715,000Coming Soon3 beds 5 baths1001 Burnside Lane Nw, Atlanta, GA 30318
MLS# 10713074Listed by: Chapman Hall Realtors Atlanta North - Coming Soon
$374,900Coming Soon3 beds 1 baths1300 Sargent Avenue Se, Atlanta, GA 30316
MLS# 10713087Listed by: Homestead Realtors, LLC
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.