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​ Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc.​

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2023 GAMLS. All rights reserved.

$1,000,000
For Sale

879 Parsons Street SW

Atlanta, GA 30314
0.10 acres | #7715525
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879 Parsons Street SW
43 photos
Type:Purchase
Structure:House
Zone:Residential

Description

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.

  • Property Details
      • Community FeaturesNear Public Transport, Near Schools, Near Shopping, Public Transportation, Sidewalks, Other
      • Utility FeaturesCable Available, Electricity Available, Sewer Available, Water Available, Other
      • Middle SchoolHerman J. Russell West End Academy
      • SubdivisionMAP/STEUERWALD PROP RESUB CORR
      • High SchoolBooker T. Washington
      • ViewCity, Neighborhood
      • Lot FeaturesCorner Lot, Level
      • Lot DescriptionCorner Lot, Level
      • Parking FeaturesDriveway, Paved
      • Sewer InformationPublic Sewer
      • CoolingCentral Air
      • RoofComposition
      • Elementary SchoolM. A. Jones
      • CountyFulton - GA
      • Original List Price$1,000,000
      • Parking TypeDriveway
      • Property TypePurchase
      • HeatingCentral
      • Taxes Annual$13,366
      • MLS #7715525
      • Cost1000000
      • MLS #7715525
      • Utility SourcePublic
      • Property ConditionResale
      • Property SubtypeOther
      • Year Built2010
      • Acres0.1

Location

Legal

​ Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2022 First Multiple Listing Service, Inc.​

Last Updated: 09/17/2025 9:42 AM. Source: FMLS

Provided By
Listing Agent: Eve Hill (#HILLEVE)
Listing Office: Keller Williams Buckhead (#KWBA01)

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