photo 1: 879 Parsons Street SW, Atlanta GA 30314

Listing courtesy of Boulevard

Active

879 Parsons Street SW, Atlanta GA 30314

$1,200,000

Price

-

Beds

-

Baths

-

Sq. Ft.

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, itCOs 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.

Listing Type

Multifamily

Property Type

Other

Built Year

2010

Levels

--

Price/Sqft

--

Lot Size Acre

0.1

Status

Active

Days on Realoq

33

Living Area

-- Sq. Ft.

Lot Size Sqft

4,356 Sq. Ft.

Location

Agent

Eve Hill

Brokerage

Boulevard

Source AOR

Fulton

Listing ID #

10506819

Possession

Close Of Escrow

Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing Information © 2025 Georgia MLS. All Rights Reserved.

MLS Search Powered by Home Junction.

Unlock Your Path to Financial Confidence
Get Pre-Approved Now

Today's Mortgage Rates - Georgia