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    Student Housing Multifamily Investment

    879 Parsons Street SW Atlanta, GA 30314

    879 Parsons Street SW, Atlanta, GA, 30314
    $1,000,000
    For Sale
    Claim this Listing
    $1,000,000

    MULTI_FAMILY - Atlanta, GA

    Lot Size0.10 Acres
    AddedFeb 6
    Days on Market160
    Last RefreshJul 16 at 2:06 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

    Listing office Keller Williams Realty Buckhead 3650 Habersham Road, NW, Atlanta, GA

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key 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.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    (Bike/Boat/Book/etc) Store Tech Support Center HVAC Service Tanning Salon (Bike/Boat/Book/etc) Store Acupuncture Pet Store & Service Fish Market (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    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.
    Contact an agent
    (404) 551-8454
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    Eve Hill
    Eve Hill
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