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
--beds
--baths
--sqft
Multi Family
Built in 2010
-- sqft lot
$942,600 Zestimate®
$--/sqft
$-- HOA
What's special
New hvacKeyless entryFull kitchens
- 190 days |
- 297 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Eve Hill 404-551-8454,
Keller Williams Realty Buckhead
Source: GAMLS,MLS#: 10686695
Facts & features
Interior
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Basement: Full
- Has fireplace: No
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 14 010900030420
- Special conditions: Investor Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- Resale
- New construction: No
- Year built: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Community
- Features: Sidewalks
- Subdivision: MAP/STEUERWALD PROP RESUB CORR
HOA
- Has HOA: No
- Services included: None
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $816,800
- Annual tax amount: $13,366
- Date on market: 2/6/2026
- Cumulative days on market: 190 days
- Listing agreement: Exclusive Agency
- Listing terms: 1031 Exchange,Conventional,Cash
Estimated market value
$942,600
$895,000 - $990,000
$1,363/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 |
|---|---|---|
| 2025 | $13,366 +7% | $326,720 +7.1% |
| 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
Payment breakdown
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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: Jones
- Middle: Herman J Russell
- High: Booker T Washington
Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $9001 bd1 ba-- sqft879 Parsons St SW UNIT A1, Atlanta, GA 30314For Rent
- $--1 bd1 ba-- sqft879 Parsons St SW #A2, Atlanta, GA 30314Off Market
- $--1 bd1 ba-- sqft879 Parsons St SW #A3, Atlanta, GA 30314Off Market
- $--1 bd1 ba-- sqft879 Parsons St SW #A5, Atlanta, GA 30314Off Market
- $--1 bd1 ba-- sqft879 Parsons St SW #B1, Atlanta, GA 30314Off Market
- $--1 bd1 ba-- sqft879 Parsons St SW #B6, Atlanta, GA 30314Off Market
- $304,9001 bd1 ba175 sqft879 Parsons St SW #B, Atlanta, GA 30314Off Market
- $--1 bd1 ba150 sqft879 Parsons St SW #A, Atlanta, GA 30314Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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