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Active
    • $1,000,000

    879 Parsons St SW, Atlanta, GA 30314

    --beds
    --baths
    --sqft
    : 
    Multi Family
    Built in 2010
    -- sqft lot
    $971,400 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    New hvacKeyless entryFull kitchens
    Offered at $1,000,000 with current CAP rate of 9.85 % and potential CAP rate of 11.35%!, this 14-unit property boasts a potential annual gross income of $159,600.00. 100% occupancy! It's a perfect 1031 exchange candidate, DSCR loan or even for a first time investment with a commercial conventional loan. Specifically built in 2010 for student housing, it includes Side A and Side B, each with 7 rooms, 6 bathrooms, and full kitchens, plus private bathrooms in 10 units. Key features include new HVAC, water heaters, keyless entry, and close proximity to Morehouse, Georgia Tech, Spellman, MARTA, and shopping. This turnkey investment is a high-yield, easy-to-manage asset. Units B2, B3, A1, A3 have shared bathrooms, the rest have their own private bathrooms. 2 shared kitchens & 2 shared laundry sets/areas per side. Do not miss this immediate strong cash flow.
    52 days
    |
    697
    |
    45
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 06, 2026 at 08:25am

    Listed by:

    Eve Hill 404-551-8454,

    Keller Williams Realty Buckhead

    Source: GAMLS,MLS#: 10686695MLS Logo

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      Facts & features

      Interior

      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Common Area
      Features
      • Basement: Full
      • Has fireplace: No
      Video & virtual tour

      Property

      Parking
      • Total spaces: 6
      • Parking features: Off Street
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 4,356 Square Feet
      Details
      • Parcel number: 14 010900030420
      • Special conditions: Investor Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      Condition
      • Resale
      • New construction: No
      • Year built: 2010

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Other

      Community & HOA

      Community
      • Features: Sidewalks
      • Subdivision: MAP/STEUERWALD PROP RESUB CORR
      HOA
      • Has HOA: No
      • Services included: None
      Location
      • Region: Atlanta

      Financial & listing details

      • Tax assessed value: $763,000
      • Annual tax amount: $13,366
      • Date on market: 2/6/2026
      • Cumulative days on market: 52 days
      • Listing agreement: Exclusive Agency
      • Listing terms: 1031 Exchange,Conventional,Cash
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        Estimated market value

        $971,400

        $923,000 - $1.02M

        $1,704/mo

        Price history

        Price history
        DateEventPrice
        2/6/2026Listed for sale$1,000,000-16.7%
        Source: GAMLS #10686695 Report a problem
        8/5/2025Listing removed$1,200,000
        Source: GAMLS #10506819 Report a problem
        4/24/2025Listed for sale$1,200,000
        Source: GAMLS #10506819 Report a problem
        4/3/2025Listing removed$1,200,000
        Source: GAMLS #10404726 Report a problem
        10/30/2024Listed for sale$1,200,000+65.5%
        Source: FMLS GA #7477483 Report a problem
        10/1/2024Listed for rent$800
        Source: FMLS GA #7464066 Report a problem
        5/28/2024Listing removed--
        Source: FMLS GA #7391944 Report a problem
        5/25/2024Listed for rent$800-15.8%
        Source: FMLS GA #7391944 Report a problem
        8/31/2023Listing removed--
        Source: Zillow Rentals Report a problem
        8/30/2023Price change$950-9.5%
        Source: Zillow Rentals Report a problem
        8/17/2023Listed for rent$1,050+75%
        Source: Zillow Rentals Report a problem
        5/17/2021Sold$725,000-6.5%
        Source: FMLS GA #6827250 Report a problem
        3/2/2021Pending sale$775,000
        Source: Keller Williams Realty Intown Atlanta #8911745 Report a problem
        3/1/2021Contingent$775,000
        Source: FMLS GA #6827250 Report a problem
        2/22/2021Price change$775,000-3%
        Source: FMLS GA #6827250 Report a problem
        2/5/2021Price change$799,000-9.2%
        Source: FMLS GA #6827250 Report a problem
        1/12/2021Listed for sale$880,000+63.9%
        Source: FMLS GA #6827250 Report a problem
        1/12/2021Listing removed--
        Source: GAMLS Report a problem
        12/17/2020Price change$600-6.3%
        Source: Easy Property Management, LLC #8798390 Report a problem
        12/7/2020Price change$640+6.7%
        Source: Easy Property Management, LLC #8798390 Report a problem
        9/10/2020Price change$600-11.1%
        Source: Easy Property Management, LLC #8798390 Report a problem
        7/29/2020Listed for rent$675
        Source: Easy Property Management, LLC #8798390 Report a problem
        11/21/2018Sold$537,000-2.4%
        Source: FMLS GA #5981429 Report a problem
        9/25/2018Price change$550,000-1.8%
        Source: LACY AND ASSOCIATES LLC #5981429 Report a problem
        9/13/2018Price change$560,000-1.8%
        Source: LACY AND ASSOCIATES LLC #5981429 Report a problem
        8/27/2018Listed for sale$570,000+11.8%
        Source: LACY AND ASSOCIATES LLC #5981429 Report a problem
        7/10/2015Sold$510,000+215.2%
        Source: Public Record Report a problem
        12/8/2008Sold$161,814+1.1%
        Source: Public Record Report a problem
        5/24/2004Sold$160,000
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$12,495 +51.3%$305,200 +17.9%
        2023$8,257 -0.2%$258,840 +26.6%
        2022$8,277 +10.5%$204,520 +14.6%
        2021$7,488 +2.6%$178,400 +1.2%
        2020$7,298 +147.8%$176,280 +187.7%
        2019$2,945 $61,280 +2.4%
        2018$2,945 $59,840 -70.7%
        2017$2,945 -68.3%$204,000
        2016$9,278 +669.1%$204,000 +1086%
        2015$1,206 +54.7%$17,200
        2014$780 +2.8%$17,200
        2013$759 +75.7%$17,200 +77%
        2012$432 $9,720 -55.8%
        2011-- $22,000 -40.5%
        2010$1,389 $37,000 -17.1%
        2009-- $44,640 -5%
        2008-- $47,000
        2007$495 $47,000 +4.9%
        2005-- $44,800 +52.4%
        2004$350 -70.4%$29,400 +11%
        2003$1,182 +269.9%$26,480 +8.2%
        2002$320 $24,480

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $5,668/mo
        Principal & interest
        $4951
        Property taxes
        $717
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          Climate risks

          Neighborhood: Atlanta University Center

          Getting around

          73 / 100
          Very Walkable
          59 / 100
          Good Transit
          50 / 100
          Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Jones
          • Middle: Herman J Russell
          • High: Booker T Washington

          Source: GAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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