Multi-family property with a triplex-style layout – $489,000 (Firm) | $80K+ Instant Equity Just Minutes from Mercedes-Benz Stadium | Turnkey Atlanta Investment Opportunity Welcome to this fully permitted, fully renovated multifamily with a triplex-style layout in the heart of Atlanta! Whether you're an investor, house hacker, or FHA buyer, this property delivers strong cash flow potential and immediate equity. Property Highlights All permits approved, closing with stamped engineer drawings & city zoning approval 2,400+ sq ft – 3 spacious units $140,000 in Renovations – New HVAC, roof, electrical, plumbing, kitchens, baths Projected Gross Rent: $4,575/month+ Certified Appraisal: $580,000 Location: 5 minutes to Downtown Atlanta, close to public transit, schools, and entertainment ?? Unit Breakdown Unit A: $1,600/month – Section 8 tenant in place (24-hour notice required) Unit B: $1,475/month – New tenant moving in July Unit C: Finishing touches in progress – Eligible for FHA 203(k) Why This Property? $80K+ Equity from Day 1 Fully renovated and ready to generate income Ideal for House Hackers, Buy-and-Hold Investors, or FHA Buyers $10,000 Closing Cost Credit with full-price offer Don’t Miss Out Opportunities like this don’t last in 30314!
Active
$489,000
862 Mitchell St SW, Atlanta, GA 30314
3beds
3baths
--sqft
Est.:
Triplex, Residential Income
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
New hvac
- 42 days
- on Zillow |
- 251 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: 10 hours ago
Listing Provided by:
GEORGE ANSONG,
Maximum One Greater Atlanta Realtors
Source: FMLS GA,MLS#: 7579097

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Central, Zoned
Cooling
- Attic Fan, Ceiling Fan(s), Central Air
Features
- Flooring: Tile, Vinyl, Wood
- Windows: None
Video & virtual tour
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Exterior features: No Dock
- Fencing: Back Yard
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 3,998.81 Square Feet
- Features: Level
Details
- Parcel number: 14 010900010901
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Brick, Frame
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Owens/F>d Thurmond
HOA
- Has HOA: No
Location
- Region: Atlanta
Financial & listing details
- Tax assessed value: $267,700
- Annual tax amount: $4,384
- Date on market: 5/14/2025
- Electric utility on property: Yes
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