879 Parsons Street SW
Atlanta, GA 30314
- – beds
- – baths
- – sqft
- 4,356 sqft lot
- 2010 build
- – on site
Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, itCOs a perfect 1031 exchange candidate or even for a first time investment. 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. Property is great for DSCR loan or even a 1031 exchange.
Last checked:
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Last updated Apr 24, 2025
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MLS# 10506819 —
This property is listed in more than one place. See it here.
The Building
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Year Built:2010
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Construction Materials:Brick, Concrete
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Structure Type:Other
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# of Units Total:14
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Foundation Details:Slab
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Levels:Three Or More
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Basement:None
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Other
Location
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Latitude:33.75101
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Longitude:-84.41643
The Property
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Property Type:Residential Income
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Property Condition:Resale
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Lot Size Acres:0.1
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Lot Size Source:Public Records
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Parcel Number:14 010900030420
Listing Agent
- Contact info:
- Agent phone:
- (678) 439-0100
- Office phone:
- (678) 439-0100
Taxes
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Tax Year:2023
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Tax Annual Amount:$10,600
The Listing
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Virtual Tour URL Branded:
Heating & Cooling
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Heating:Central
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:Underground Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Jones
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Middle School:Brown
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High School:Washington
The Community
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Subdivision:Steuerwald
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Community Features:Sidewalks
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Association:No
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Association Fee Includes:None
Parking
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | GAMLS | $1,200,000 | 123.5% (19.2% / YR) |
|
10/30/24
Oct 30, 2024
|
Listed / Active | GAMLS | ||
|
11/21/18
Nov 21, 2018
|
FMLS | $537,000 |
