Student Housing Multifamily
879 Parsons Street SW, Atlanta, GA 30314
- Added:
- Feb 6, 2026
- Days on Market:
- 91
- Last Refresh:
- May 8 at 7:06 pm
Property Features for 879 Parsons Street SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 6
- Parking features
- Off Street
- Standard status
- Active
- APN
- 14 010900030420
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13366
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2010
- Floors in Building
- 2
- Number of units
- 14
- Building materials
- Brick
Listing agent Eve Hill (404) 551-8454
Listing office Keller Williams Realty Buckhead 3650 Habersham Road, NW, Atlanta, GA (404) 604-3800
Listing date Feb 6, 2026
MLS# 10686695
Listing URL
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- High Potential CAP Rate: Current 9.85% with potential to reach 11.35%, indicating strong income potential.
- 100% Occupancy: Provides immediate and consistent cash flow.
- High Gross Annual Income: Potential of $159,600.00 annually.
- Turnkey Investment: Easy‑to‑manage asset, ready for immediate operation.
- Modern Construction: Built in 2010, featuring new HVAC, water heaters, and keyless entry.
- Student Housing: Purpose‑built for student housing near Morehouse, Georgia Tech, and Spellman.
Overview
This 14-unit property, constructed in 2010, is offered as a potential 1031 exchange candidate or first-time investment. The property was specifically built for student housing and features two sides (Side A and Side B), each containing 7 rooms, 6 bathrooms, and full kitchens. Ten units include private bathrooms, while units B2, B3, A1, and A3 have shared bathrooms. Each side also has shared kitchens and laundry areas. Key features of the property include new HVAC, water heaters, and keyless entry. The property is located close to Morehouse College, Georgia Tech, Spelman College, MARTA, and shopping areas. The property has 100% occupancy and a potential annual gross income of $159,600.00. The property sits on a 0.1-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Cobb
- State
- Georgia
- Longitude
- -84.41643
- Latitude
- 33.75101
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 14-unit property near universities with high income potential.
Where is this apartment building located?
The property is located at 879 Parsons Street SW Atlanta, GA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: High Potential CAP Rate: Current 9.85% with potential to reach 11.35%, indicating strong income potential.; 100% Occupancy: Provides immediate and consistent cash flow.; High Gross Annual Income: Potential of $159,600.00 annually.
