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$1,200,000

  • For Sale
  • Active
  • Single Family

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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, it's 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.

Full Property Details for 879 Parsons St SW

General

  • Price: $1,200,000
  • Taxes: $10,600 (2023)
  • Status: Active
  • Type: Single Family
  • Source: FMLS_Atlanta
  • MLS ID: 7562100
  • Updated: 6/12/2025
  • Added to Site: 270 day(s) ago

Interior

  • Flooring: Luxury Vinyl

Additional Information

  • Amenities: Sidewalks
  • Security/Safety: None

Parking

  • Parking Features: Driveway

Location

  • County: Fulton
  • Subdivision: Steuerwald
  • Driving Directions: From I-20 W. Take exit 55A toward Lowery Blvd/West End. Merge onto Park St SW. Turn right onto Joseph E Lowery Blvd SW. Turn right onto Parsons St SW. Destination will be on the left

School Information

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

Heating & Cooling

  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Available, Electricity Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Structural Information

  • Detached/Attached: Detached
  • Exterior Const.: Brick, Cement Siding, Fiber Cement
  • Roof: Composition
  • Windows: None
  • Stories/Levels: Three Or More
  • Year Built: 2010
  • Property Condition: Resale

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 0.0998
  • Lot Size Source: Public Records
  • Lot Dimensions: x
  • Lot Features: Corner Lot, Level
  • Fencing (Description): None

Water Features

  • Docks: None

Financial Considerations

  • Tax Amount: $10,600
  • Tax Year: 2023
  • Terms: 1031 Exchange, Cash, Conventional, Other

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 14 010900030420

Listed by Boulevard Homes, LLC

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Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 18 2026 3:54PM

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Listing agent

— 879 Parsons St SW —

  • Boulevard Homes, LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 879 Parsons St SW

School District:Atlanta City School District
NameGradesDistance
M. A. Jones Elementary School
1040 Fair Street Southwest, Atlanta, GA 30314
K-50.3 mi
Herman J. Russell West End Academy
765 Peeples Street Southwest, Atlanta, GA 30310
6-81.2 mi
Booker T. Washington High School
45 Whitehouse Drive Southwest, Atlanta, GA 30314
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 879 Parsons St SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/23/2025
Listed
$1,200,000
65.52%
MLS
5/17/2021
Sold
$725,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 879 Parsons St SW

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,716
27%
$258,840
27%
2022
$8,467
4%
$204,520
15%
2021
$8,169
—
$178,400
1%
2021
$8,169
224%
$176,280
188%
2019
$2,518
2%
$61,280
2%
2018
$2,477
-72%
$59,840
-71%
2017
$8,811
—
$204,000
—
2016
$8,833
1082%
$204,000
1086%
2015
$747
-4%
$17,200
—
2014
$780
81%
$17,200
—
2012
$432
—
$17,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 879 Parsons St SW

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Boulevard Homes, LLC

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FMLS - Atlanta logo

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and 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. © 2026 First Multiple Listing Service, Inc. Last Updated Jan 18 2026 3:54PM

879 Parsons Street SW, Atlanta, GA 30314 (MLS# 7562100) is a Single Family property with 0 bedrooms and 0 full bathrooms. 879 Parsons Street SW is currently listed for $1,200,000 and was received on April 23, 2025. Want to learn more about 879 Parsons Street SW? Do you have questions about finding other Single Family real estate for sale in Atlanta? You can browse all Atlanta real estate or contact a Coldwell Banker agent to request more information.

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