#7529281, Candace Smiley, Listing office: Keller Williams Realty Cityside
Property details
About 862 Mitchell St SW
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!
Highlights
Home typeTriplex
HeatingCentral, Zoned
StatusActive
CoolingAttic Fan, Ceiling Fan(s), Central Air
Lot size0.0918 Acres
Year built1920
MLS #7579097
ViewCity
Summary
- Flooring Type: Tile, Vinyl, Wood
- Attached Garage: No
- Private Pool: No
- Parking: None
- Waterfront: None
- View: City
- Heating: Central, Zoned
- Cooling: Attic Fan, Ceiling Fan(s), Central Air
- List Price: $489,000
- Annual Tax Amount: $3,933
- Tax Year: 2023
- Lot: Level
- Directions: GPS FRIENDLY
- Year Built: 1920
- Lot Size: 0.0918 Acres
- MLS Number: 7579097
- MLS Name: First Multiple Listing Service
- Office Name: Maximum One Greater Atlanta Realtors
- Office Phone: (770) 919-8825
- Listing Agent: GEORGE ANSONG
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.
IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/25/2025, 2:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 16, 2024 | Home Sold | $244,000 |
| Jan 13, 2021 | Home Sold | $180,000 |
| Sep 22, 2020 | Home Sold | $210,000 |
| Aug 06, 2014 | Home Sold | $35,000 |
| Jan 02, 2008 | Home Sold | $95,200 |
| Jan 11, 2005 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $95,000 | $3,933 |
| 2022 | $69,440 | $2,874 |
| 2021 | $64,920 | $3,571 |
| 2020 | $64,120 | $2,654 |
| 2019 | $24,360 | $1,000 |
| 2017 | $5,640 | $243 |
History based on county public records data.
Nearby schools
5
M. Agnes Jones Elementary School
Public District EE-5
0.5 mi
•1040 Fair St SW
4
Slam Academy of Atlanta
Public Charter KG-5
0.7 mi
•1150 Westview Dr SW
3
Kipp Ways Primary School
Public Charter KG-4
0.9 mi
•350 Temple St NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,068. Typical income of Atlanta, GA residents is less than $<35k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
64%
<35k
31%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
80%
Single, No Kids
11%
Single, with Kids
4%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
1%
<11 yrs old
1%
12-17 yrs old
92%
18-34 yrs old
5%
35-64 yrs old
1%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
#7575573, GEORGE ANSONG, Listing office: Maximum One Greater Atlanta Realtors
#7601292, Karen Corbin, Listing office: Intown Focus Realty, LLC.
#10506819, Susan Brown, Listing office: Boulevard
#10555279, Lonnie Leslie, Listing office: Homesmart Realty Partners
#7612448, NESA KLEINHEKSEL, Listing office: 9 Mile Trolley - The Loft Stop
Frequently asked questions
About 862 Mitchell St SW
The listing price of 862 Mitchell St SW property is $489,000.
The property 862 Mitchell St SW is a multi located in Atlanta, Georgia, 30314.
Active Listing: 862 Mitchell St SW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 862 Mitchell St SW are: M. Agnes Jones Elementary School (GreatSchools Rating 5/10), Slam Academy of Atlanta (GreatSchools Rating 4/10), Kipp Ways Primary School (GreatSchools Rating 3/10), Hollis Innovation Academy (GreatSchools Rating 3/10), Kipp West Atlanta Young Scholars Academy (GreatSchools Rating 2/10), Kipp Strive Academy (GreatSchools Rating 4/10), Booker T. Washington High School (GreatSchools Rating 2/10), Kipp Atlanta Collegiate Academy (GreatSchools Rating 4/10), G. W. Carver High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $3,933 (source: MLS/based on county public records data).
The last sale was on May 16, 2024 for $244,000 (source: MLS/tax record).
The year of construction for 862 Mitchell St SW is 1920.
This home is located at 862 Mitchell St SW in Atlanta, GA and zip code 30314 in the Southwestern Atlanta neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $489,000.
Over 252 listings were sold over their listed price in June 2025 in Atlanta, GA. In the same period over 718 listings were sold below the listed price and 241 listings were sold for the listed price. The inventory of homes for sale in Atlanta, GA between May and June 2025 increased by 10.2%. In June 2025 median list price was $426,329 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.