879 Parsons St SW, Atlanta, GA, 30314
About This Home
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.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 2010
Materials
- Roof: Composition
- Construction materials: Brick,Cement Siding,Fiber Cement
Type & Style
- Home type: MultiFamily
- Property subType: Other,Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 14
- Bathrooms: 14
Features
- Window features: None
- Flooring: Hardwood
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 14010900030420
Features
- Levels: Two
- Stories: 2
- Fencing: None
- Has view: Yes
- View description: City,Neighborhood
- Waterfront features: None
- Waterbody name: None
Lot
- Lot size: 4,356 sqft
- Features: Corner Lot,Level
- Lot size dimensions: 0 x 0
Parking
- Total spaces: 6
- Parking features: Driveway,Paved
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,056 | $60,672 |
| Home Insurance * | $769 | $9,228 |
| Property Taxes | $741 | $8,892 |
| Electricity | $219 | $2,637 |
| Total | $6,785 | $81,420 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-06 | Listed for sale | $1,000,000 |
| 2025-08-05 | Listing removed | $1,200,000 |
| 2025-04-24 | Listed for sale | $1,200,000 |
| 2025-04-03 | Listing removed | $1,200,000 |
| 2024-10-30 | Listed for sale | $1,200,000 |
| 2024-10-01 | Listed for rent | $800 |
| 2024-05-28 | Listing removed | -- |
| 2024-05-25 | Listed for rent | $800 |
| 2023-08-31 | Listing removed | -- |
| 2023-08-30 | Price change | $950 |
| 2023-08-17 | Listed for rent | $1,050 |
| 2021-05-17 | Sold | $725,000 |
| 2021-03-02 | Pending sale | $775,000 |
| 2021-03-01 | Contingent | $775,000 |
| 2021-02-22 | Price change | $775,000 |
| 2021-02-05 | Price change | $799,000 |
| 2021-01-12 | Listed for sale | $880,000 |
| 2021-01-12 | Listing removed | -- |
| 2020-12-17 | Price change | $600 |
| 2020-12-07 | Price change | $640 |
| 2020-09-10 | Price change | $600 |
| 2020-07-29 | Listed for rent | $675 |
| 2018-11-21 | Sold | $537,000 |
| 2018-09-25 | Price change | $550,000 |
| 2018-09-13 | Price change | $560,000 |
| 2018-08-27 | Listed for sale | $570,000 |
| 2015-07-10 | Sold | $510,000 |
| 2008-12-08 | Sold | $161,814 |
| 2004-05-24 | Sold | $160,000 |
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