$1,000,000

879 Parsons SW Street, Atlanta, GA 30314

other
Built in 2010
4,356sqft lot
—— car garage
$——/sqft
Listed 3 days ago

Property Description

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.

Listing Status:: Active
Date Added:: February 6, 2026
Data Last Updated:: February 9, 2026 at 7:07AM
Listing Office:: Keller Williams Buckhead : 404-604-3800
Listing Agent:: Eve Hill : 404-551-8454
MLS ID:: 7715525

Flooring: Hardwood
A/C: Central Air
Heating: Central
Disability Feature: None
Eco/Green Feature: NoneNone

Parking: DrivewayPaved

Roofing: Composition
Windows: None
General: BrickCement SidingFiber CementTwo

Originating MLS: First Multiple Listing Service
County: Fulton - GA

Zoning: AN MEAS VERIFIED 9-01 AN WORK NOT STARTED 06/09
View: CityNeighborhood
Fencing: None

Utilities: Cable AvailableElectricity AvailableSewer AvailableWater AvailableOther
Water: Public
Sewer: Public Sewer

Source: First Multiple Listing Service

Presented by Veterans United Realty

This listing courtesy of Eve Hill , Keller Williams Buckhead

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

M. Agnes Jones Elementary School

1040 Fair St SW, Atlanta, GA, 30314

Grades EE-5

0.35 miles away

Herman J. Russell West End Academy

765 Peeples St SW, Atlanta, GA, 30310

Grades 6-8

1.20 miles away

Booker T. Washington High School

45 Whitehouse Dr SW, Atlanta, GA, 30314

Grades 9-12

0.32 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.