14-Unit 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 Market233
Property Features for 879 Parsons Street SW
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
6
Parking features
Driveway
Subdivision
MAP/STEUERWALD PROP RESUB CORR
Lot features
Corner Lot, Level
View
City
Elementary school
M. A. Jones
Middle school
Herman J. Russell West End Academy
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
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13366
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared kitchens
laundry
Building Details
Year built
2010
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick, Cement Siding, Fiber Cement
Roof type
Composition
Listing Agency:
Keller Williams Buckhead · Keller Williams Realty
(404) 604-3800
Listed By:
Eve Hill
(404) 551-8454
Added: Feb 6
Changed: Sep 12
Last Checked: Sep 27 at 12:06PM
MLS# 7715525
Copyright © 2026 First Multiple Listing Service, Inc. 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.
Built in 2010, this 14-unit apartment property was designed for student housing and is arranged as two seven-room sides. Each side includes six bathrooms, a full kitchen, and a shared laundry area. Ten units have private bathrooms, while four units use shared bathrooms. The property also features keyless entry, new HVAC equipment, and updated water heaters.
The 0.1-acre property is located in Atlanta near Morehouse, Georgia Tech, Spellman, MARTA, and shopping. Public water and sewer serve the site, with central heating and central air. Brick, cement siding, and fiber cement comprise the exterior materials, while hardwood flooring is installed throughout the units.
Reported occupancy is 100%, with a current cap rate of 9.85% and a potential cap rate of 11.35%. The property includes driveway parking and two shared kitchen and laundry setups on each side.
The 0.1-acre property is located in Atlanta near Morehouse, Georgia Tech, Spellman, MARTA, and shopping. Public water and sewer serve the site, with central heating and central air. Brick, cement siding, and fiber cement comprise the exterior materials, while hardwood flooring is installed throughout the units.
Reported occupancy is 100%, with a current cap rate of 9.85% and a potential cap rate of 11.35%. The property includes driveway parking and two shared kitchen and laundry setups on each side.
Key Highlights
- 14‑unit student housing property built in 2010
- Two seven‑room sides, each with 6 bathrooms and a full kitchen
- 10 units include private bathrooms; 4 units use shared bathrooms
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Purpose-built student housing with shared kitchens, laundry areas, private baths, and keyless entry.
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; Two seven‑room sides, each with 6 bathrooms and a full kitchen; 10 units include private bathrooms; 4 units use shared bathrooms
