New - 1 day on Rocket
$4,630 Closing Credit¹
#10462659, Eduardo Rognoni, Listing Office: First United Realty, Inc.
$1,200,000 List price
879 Parsons St SW Atlanta, GA 30314
$10,000
Closing credit¹
0.10 acres
Multi-Family
Property details
About 879 Parsons St SW
Offered at $1,200,000 with a CAP rate just under 8%, this 14-unit property at 879 Parsons St SW boasts a potential annual gross income of $137,100. Currently over 70% occupied with many tenants currently applying, itCOs a perfect 1031 exchange candidate or even for a first time investment. 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. Gross income: $79 500 Potential Gross income: $137 100 Annual expenses: $42089.08 Potential Annual expenses: $41521.08 Actual NOI: $37410.92 Potential NOI: $95578.92 There is 4 parking spots in the driveway that are not assigned and are first come first served, but plenty of street parking. Property is great for DSCR loan or even a 1031 exchange.
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCeiling Fan(s), Central Air
Lot size0.1 Acres
Year built2010
ParkingOff Street, Parking Pad
MLS #10404726
Summary
- MLS Number: 10404726
- MLS Name: Georgia MLS 2
- Office Name: Boulevard
- Listing Agent: Eve Hill
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,200,000
879 Parsons St SW
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 17, 2021 | Home Sold | $725,000 |
| May 24, 2004 | Home Sold | $160,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $258,840 | $10,715 |
| 2022 | $204,520 | $8,467 |
| 2021 | $178,400 | $8,168 |
| 2020 | $176,280 | $7,297 |
| 2019 | $61,280 | $2,517 |
| 2017 | $204,000 | $8,810 |
History based on county public records data.
Nearby schools
5
M. Agnes Jones Elementary School
Public District EE-5
0.4 mi
•1040 Fair St SW
4
Slam Academy of Atlanta
Public Charter KG-5
0.6 mi
•1150 Westview Dr SW
3
Kipp Ways Primary School
Public Charter KG-4
1.0 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. Most Atlanta, GA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of 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
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This home is located at 879 Parsons 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 October 30, 2024 and is currently priced at $1,200,000.
While more than 108 listings in Atlanta, GA in January 2025 were sold above asking price, there were more than 168 listings sold at asking price, and more than 415 were sold below. The number of listings in Atlanta, GA increased by 19.5% between December and January 2025. While the average time on the market in January 2025 was 63 days, the median list price was $422,471.
From Rocket Homes Real Estate and based on county public records data.