879 Parsons Street Sw, Atlanta, GA 30314

Atlanta
Local realty services provided by:ERA Towne Square Realty, Inc.
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 realty buckhead
MLS#:10686695
Source:METROMLS

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 #:10686695
  • Updated:May 16, 2026 at 10:48 AM

Rooms and interior

  • Basement Description:Full

Heating and cooling

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

Structure and exterior

  • Year built:2010
  • Lot area:0.1 Acres
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Booker T Washington
  • Middle school:Herman J Russell
  • Elementary school:Jones

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Features and amenities

  • Laundry features:Common Area

Parking

  • Total parking spaces:6
  • Parking description:Off Street Parking
MLS Logo2026 Georgia MLS. All rights reserved. Information Deem Reliable But Not Guaranteed May 16, 2026

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