14-Unit Apartment
879 Parsons Street SW, Atlanta, GA 30314
For Sale
$1,000,000
Residential Income, Atlanta, GA
Property SizeContact for details
Lot Size0.10 Acres
Days on Market279
Property Features for 879 Parsons Street SW
General Information
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Parking
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Elementary school
Middle school
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Additional Details
Tenant in Place
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Tax Description
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Legal Description
Utilities
Utilities
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Heating system
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Water source
Amenities
shared kitchen
shared laundry
keyless entry
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Buckhead · Keller Williams Realty
(404) 604-3800
Listed By:
Eve Hill
(404) 551-8454
Added: Feb 6
Changed: Nov 4
Last Checked: Nov 11 at 1:06PM
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.
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Investment Insights
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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
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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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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
