879 Parsons Street Sw, Atlanta, GA 30314

Atlanta
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
879 Parsons Street Sw,Atlanta, GA 30314
$1,000,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: eve hill
Office: keller williams buckhead
MLS#:7715525
Source:FIRSTMLS

Price summary

  • Price:$1,000,000

About this home

Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It’s a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan. Specifically built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Do not miss this immediate strong cash flow.

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Home facts

  • Year built:2010
  • Listing ID #:7715525
  • Updated:May 15, 2026 at 01:30 PM

Rooms and interior

  • Flooring:Hardwood

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2010
  • Lot area:0.1 Acres
  • Lot Features:Corner Lot, Level
  • Construction Materials:Cement Siding, Fiber Cement
  • Levels:2 Story

Schools

  • High school:Booker T. Washington
  • Middle school:Herman J. Russell West End Academy
  • Elementary school:M. A. Jones

Utilities

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

Finances and disclosures

  • Price:$1,000,000
  • Tax amount:$13,366 (2025)

Parking

  • Total parking spaces:6
  • Parking description:Driveway, Paved
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