879 Parsons Street
Atlanta, GA 30314
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Bed
0
Bath
0.10Acre(Lot)
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 se
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Flooring Information
Hardwood -
Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 2010 Construction Materials: Brick, Cement Siding, Fiber Cement Private Pool: No View: City, Neighborhood
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Lot Information
Lot Dimensions: 0 x 0 Lot Size Acres: 0.1 Lot Size Source: Public Records Lot Description: Corner Lot, LevelProperty Information
Subdivision: MAP/STEUERWALD PROP RESUB CORR Source Property Type: Residential Income Levels: Two Property Age: 16
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Listing Price Information
Listing Price: $1000000 1031 Exchange, Conventional, Cash
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Tax Information
Tax Lot: 1 Tax Block: 1 Tax Year: 2025 Annual Tax: $13366 Tax Legal Desc: AN MEAS VERIFIED 9-01 AN WORK NOT STARTED 06/09
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Parking Information
Parking Total: 6 Driveway, Paved
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School Information
Elementary School: M. A. JonesJunior High School: Herman J. Russell West End AcademySenior High School: Booker T. Washington -
Utility Information
Cable Available, Electricity Available, Sewer Available, Water Available, Other -
Location Information
Direction: 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 WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 581 Jones Avenue, Atlanta, GA, 30314 | $349,500 | 5 | 2 | -- | |
| 250 Sunset Avenue, Atlanta, GA, 30314 | $849,999 | 5 | 3 | -- | |
| 258 Sunset Avenue, Atlanta, GA, 30314 | $725,000 | 5 | 4 | 5,614 | 5,614 SqFt |
| 702 Foundry Street, Atlanta, GA, 30314 | $749,900 | 3 | 4 | -- | |
| 111 Griffin Street, Atlanta, GA, 30314 | $259,440 | 4 | 2 | 1,312 | 1,312 SqFt |
| 111 Griffin Street, Atlanta, GA, 30314 | $259,440 | 4 | 2 | 1,312 | 1,312 SqFt |
| 293 Griffin Street, Atlanta, GA, 30314 | $290,000 | 2 | 2 | -- | |
| 293 Griffin Street, Atlanta, GA, 30314 | $290,000 | 2 | 2 | -- | |
| 763 Jones Avenue, Atlanta, GA, 30314 | $314,999 | 2 | 2 | 1,005 | 1,005 SqFt |
| 763 Jones Avenue, Atlanta, GA, 30314 | $314,999 | 2 | 2 | 1,005 | 1,005 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 02:23
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