14-Unit Student Housing Apartment
For Sale
$1,000,000
879 Parsons Street SW, Atlanta, GA 30314
Residential Income, Atlanta, GA
Property SizeContact for details
Lot Size0.10 Acres
Days on Market198
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
Subdivision
MAP/STEUERWALD PROP RESUB CORR
Elementary school
Jones
Middle school
Herman J Russell
High school
Booker T Washington
Directions
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
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
Amenities
new HVAC
water heaters
keyless entry
shared kitchens
shared laundry
Building Details
Year built
2010
Floors in Building
2
Number of units
14
Building materials
Brick
Listing Agency:
Keller Williams Realty Buckhead
(404) 604-3800
Listed By:
Eve Hill
(404) 551-8454
Added: Feb 6
Changed: Aug 19
Last Checked: Aug 23 at 12:06PM
MLS# 10686695
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.
Investment Insights
Based on property information with market context.
A 14-unit student housing apartment building built in 2010, configured as Side A and Side B. Each side includes full kitchens, and both sides are described as having 7 rooms and 6 bathrooms, with private bathrooms in 10 units and shared bathrooms in the remaining units. The property also includes 2 shared kitchens and 2 shared laundry areas per side. Heating and cooling are central, and key updates noted include new HVAC and new water heaters, along with keyless entry.
Offered with current and potential cap rates of 9.85% and 11.35%, and described as 100% occupancy. The property is served by public water and public sewer, with brick construction and off-street parking. Water source is public and sewer is public sewer.
The building is positioned for tenants seeking nearby access to Morehouse, Georgia Tech, Spellman, MARTA, and shopping, which may support a student-housing focused occupancy strategy.
Offered with current and potential cap rates of 9.85% and 11.35%, and described as 100% occupancy. The property is served by public water and public sewer, with brick construction and off-street parking. Water source is public and sewer is public sewer.
The building is positioned for tenants seeking nearby access to Morehouse, Georgia Tech, Spellman, MARTA, and shopping, which may support a student-housing focused occupancy strategy.
Key Highlights
- 14‑unit student housing property built in 2010
- Current cap rate 9.85% and potential cap rate 11.35%
- 100% occupancy noted
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,053
Businesses Nearby
Explore this area
Business Placement
Demographics for 30314, GA
20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit student housing property built in 2010 with central HVAC, keyless entry, and off-street parking.
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: 14‑unit student housing property built in 2010; Current cap rate 9.85% and potential cap rate 11.35%; 100% occupancy noted
