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$1,000,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 3 days ago
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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.

Full Property Details for 879 Parsons St SW

General

  • Price: $1,000,000
  • Taxes: $13,366 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: GAMLS_Atlanta
  • MLS ID: 10686695
  • Updated: 2/20/2026
  • Added to Site: 17 day(s) ago

Rooms

Other Rooms

  • Laundry: Common Area

Parking

  • Parking Features: Off-Street

Location

  • County: Fulton
  • 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: Jones
  • Middle School: Herman J Russell
  • High School: Washington

Community

  • Assoc. Fees Include: None

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Water/Sewer: Public Sewer
  • Utility Description: Other

Structural Information

  • Construction Status: Resale
  • Basement: Yes
  • Basement Desc.: Full
  • Stories/Levels: Two
  • Year Built: 2010

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size Range: .1
  • Lot Size Source: Public Records

Financial Considerations

  • Tax Amount: $13,366
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Investor-Owned
  • Block: 1

Listing Courtesy of: Keller Williams Realty Buckhead

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Listing agent

— 879 Parsons St SW —

  • Keller Williams Realty Buckhead

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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

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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
2/06/2026
Listed
$1,000,000
37.93%
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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Listing Courtesy of: Keller Williams Realty Buckhead

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879 Parsons Street SW, Atlanta, GA 30314 (MLS# 10686695) is a Multi-Family property with 14 units containing 0 bedrooms and 0 full bathrooms. 879 Parsons Street SW is currently listed for $1,000,000 and was received on February 06, 2026. Want to learn more about 879 Parsons Street SW? Do you have questions about finding other Multi-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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