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.
Active
$1,000,000
879 Parsons St SW, Atlanta, GA 30314
14beds
14baths
--sqft
Other, Residential Income
Built in 2010
-- sqft lot
$961,700 Zestimate®
$--/sqft
$-- HOA
What's special
New hvacKeyless entryFull kitchensShared kitchens
- 141 days |
- 206 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Eve Hill,
Keller Williams Buckhead 404-604-3800
Source: FMLS GA,MLS#: 7715525
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 14
Heating
- Central
Cooling
- Central Air
Features
- Flooring: Hardwood
- Windows: None
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Driveway, Paved
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Fencing: None
- Has view: Yes
- View description: City, Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 4,356 Square Feet
- Features: Corner Lot, Level
Details
- Parcel number: 14010900030420
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other, Residential Income
Materials
- Brick, Cement Siding, Fiber Cement
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Available, Water Available, Other
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: Near Public Transport, Near Schools, Near Shopping, Public Transportation, Sidewalks, Other
- Security: None
- Subdivision: Map/Steuerwald Prop Resub Corr
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $763,000
- Annual tax amount: $13,366
- Date on market: 2/6/2026
- Listing terms: 1031 Exchange,Conventional,Cash
- Electric utility on property: Yes
Estimated market value
$961,700
$914,000 - $1.01M
$1,614/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Listed for sale | $1,000,000-16.7% |
Source:  GAMLS #10686695 Report a problem | ||
| 8/5/2025 | Listing removed | $1,200,000 |
Source: GAMLS #10506819 Report a problem | ||
| 4/24/2025 | Listed for sale | $1,200,000 |
Source: GAMLS #10506819 Report a problem | ||
| 4/3/2025 | Listing removed | $1,200,000 |
Source: GAMLS #10404726 Report a problem | ||
| 10/30/2024 | Listed for sale | $1,200,000+65.5% |
Source:  FMLS GA #7477483 Report a problem | ||
| 10/1/2024 | Listed for rent | $800 |
Source: FMLS GA #7464066 Report a problem | ||
| 5/28/2024 | Listing removed | -- |
Source: FMLS GA #7391944 Report a problem | ||
| 5/25/2024 | Listed for rent | $800-15.8% |
Source: FMLS GA #7391944 Report a problem | ||
| 8/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/30/2023 | Price change | $950-9.5% |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Listed for rent | $1,050+75% |
Source: Zillow Rentals Report a problem | ||
| 5/17/2021 | Sold | $725,000-6.5% |
Source:  GAMLS #8911745 Report a problem | ||
| 3/2/2021 | Pending sale | $775,000 |
Source: Keller Williams Realty Intown Atlanta #8911745 Report a problem | ||
| 3/1/2021 | Contingent | $775,000 |
Source: FMLS GA #6827250 Report a problem | ||
| 2/22/2021 | Price change | $775,000-3% |
Source: FMLS GA #6827250 Report a problem | ||
| 2/5/2021 | Price change | $799,000-9.2% |
Source: FMLS GA #6827250 Report a problem | ||
| 1/12/2021 | Listed for sale | $880,000+63.9% |
Source: FMLS GA #6827250 Report a problem | ||
| 1/12/2021 | Listing removed | -- |
Source: GAMLS Report a problem | ||
| 12/17/2020 | Price change | $600-6.3% |
Source: Easy Property Management, LLC #8798390 Report a problem | ||
| 12/7/2020 | Price change | $640+6.7% |
Source: Easy Property Management, LLC #8798390 Report a problem | ||
| 9/10/2020 | Price change | $600-11.1% |
Source: Easy Property Management, LLC #8798390 Report a problem | ||
| 7/29/2020 | Listed for rent | $675 |
Source: Easy Property Management, LLC #8798390 Report a problem | ||
| 11/21/2018 | Sold | $537,000-2.4% |
Source:  FMLS GA #5981429 Report a problem | ||
| 9/25/2018 | Price change | $550,000-1.8% |
Source: LACY AND ASSOCIATES LLC #5981429 Report a problem | ||
| 9/13/2018 | Price change | $560,000-1.8% |
Source: LACY AND ASSOCIATES LLC #5981429 Report a problem | ||
| 8/27/2018 | Listed for sale | $570,000+11.8% |
Source: LACY AND ASSOCIATES LLC #5981429 Report a problem | ||
| 7/10/2015 | Sold | $510,000+215.2% |
Source: Public Record Report a problem | ||
| 12/8/2008 | Sold | $161,814+1.1% |
Source: Public Record Report a problem | ||
| 5/24/2004 | Sold | $160,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,495 +51.3% | $305,200 +17.9% |
| 2023 | $8,257 -0.2% | $258,840 +26.6% |
| 2022 | $8,277 +10.5% | $204,520 +14.6% |
| 2021 | $7,488 +2.6% | $178,400 +1.2% |
| 2020 | $7,298 +147.8% | $176,280 +187.7% |
| 2019 | $2,945 | $61,280 +2.4% |
| 2018 | $2,945 | $59,840 -70.7% |
| 2017 | $2,945 -68.3% | $204,000 |
| 2016 | $9,278 +669.1% | $204,000 +1086% |
| 2015 | $1,206 +54.7% | $17,200 |
| 2014 | $780 +2.8% | $17,200 |
| 2013 | $759 +75.7% | $17,200 +77% |
| 2012 | $432 | $9,720 -55.8% |
| 2011 | -- | $22,000 -40.5% |
| 2010 | $1,389 | $37,000 -17.1% |
| 2009 | -- | $44,640 -5% |
| 2008 | -- | $47,000 |
| 2007 | $495 | $47,000 +4.9% |
| 2005 | -- | $44,800 +52.4% |
| 2004 | $350 -70.4% | $29,400 +11% |
| 2003 | $1,182 +269.9% | $26,480 +8.2% |
| 2002 | $320 | $24,480 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Atlanta University Center
Nearby schools
GreatSchools rating
- 2/10M. A. Jones Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 5/10Herman J. Russell West End AcademyGrades: 6-8Distance: 1.2 mi
- 2/10Booker T. Washington High SchoolGrades: 9-12Distance: 0.3 mi
Schools provided by the listing agent
- Elementary: M. A. Jones
- Middle: Herman J. Russell West End Academy
- High: Booker T. Washington
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Georgia
- Fulton County
- Atlanta
- 30314
- Atlanta University Center
- 879 Parsons St SW
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Nearby zip codes
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