$489,000
$10K PRICE INCREASE

862 Mitchell St SW Atlanta, GA 30314

University Center Neighborhood

Estimated payment $3,079/month

Total Views 3,148
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Zoned Heating and Cooling System
  • Attic Fan
  • Wood Flooring
  • 1-Story Property
  • Ceiling Fan

About This Home

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!

Listing Agent

GEORGE ANSONG

Maximum One Greater Atlanta Realtors License #248117 Listed on: 05/14/2025

Maximum One Greater Atlanta Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,384

Year Built

  • Built in 1920

Lot Details

  • 3,999 Sq Ft Lot
  • Back Yard Fenced
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • City Views
  • Attic Fan

Flooring

  • Wood
  • Tile
  • Vinyl

Schools

  • M. A. Jones Elementary School
  • Herman J. Russell West End Academy Middle School
  • Booker T. Washington High School

Utilities

  • Zoned Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Community Details

  • 3 Units
  • Owens/F>D Thurmond Subdivision

Listing and Financial Details

  • Tax Lot 78
  • Assessor Parcel Number 14 010900010901

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,384

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Active
  • Property Type: Residential Income
  • MLS Status: Active
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1920
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Tile, Vinyl, Wood
  • Window Features: None

Exterior Features

  • Construction Materials: Brick, Frame
  • Roof Type: Composition
  • Fencing: Back Yard
  • View: City
  • Pool Private: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air
  • Heating: Central, Zoned
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Owens/F>D Thurmond

Schools

  • Elementary School: M. A. Jones
  • Middle School: Herman J. Russell West End Academy
  • High School: Booker T. Washington

Lot Info

  • Acres: 0.0918
  • Lot: 78
  • Land/Lot: 109
  • Deed Book: 68448
  • Deed Page: 595
  • Lot Features: Level
  • Lot Dimensions: x
  • Parcel Number: 14 010900010901
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Tax Info

  • Taxes: 4384.00
  • Assessor Parcel Number: 14-0109-0001-090-1
  • Tax Year: 2024

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: M. A. Jones
  • High School: Booker T. Washington
  • Middle School: Herman J. Russell West End Academy

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $3,416 $95,000 $33,440 $61,560
2022 $2,810 $69,440 $18,680 $50,760
2021 $2,630 $64,920 $22,280 $42,640
2020 $2,627 $64,120 $22,000 $42,120
2019 $483 $24,360 $10,480 $13,880
2018 $984 $23,760 $10,240 $13,520
2017 $244 $5,640 $2,160 $3,480
2016 $244 $5,640 $2,160 $3,480
2015 $704 $5,640 $2,160 $3,480
2014 $256 $5,640 $2,160 $3,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2025 06/17/25 Price Changed $489,000 0.0% --
06/17/2025 06/17/25 For Sale $489,000 +6.5% --
06/03/2025 06/03/25 Off Market $459,000 -- --
06/03/2025 06/03/25 For Sale $459,000 0.0% --
05/27/2025 05/27/25 Off Market $459,000 -- --
05/20/2025 05/20/25 Price Changed $459,000 -4.2% --
05/14/2025 05/14/25 For Sale $479,000 +166.1% --
01/12/2021 01/12/21 Sold $180,000 -2.7% $109 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
12/18/2020 12/18/20 For Sale $185,000 -- $112 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed $244,000 --
Warranty Deed $180,000 --
Warranty Deed $210,000 --
Warranty Deed $35,000 --
Quit Claim Deed -- --
Deed $35,000 --
Foreclosure Deed $95,200 --
Deed $150,000 --
Deed $104,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $271,150 New Conventional
Previous Owner $29,750 New Conventional
Previous Owner $30,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $98,800 New Conventional
Source: Public Records

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7579097

First Multiple Listing Service (FMLS)

APN: 14-0109-0001-090-1

Georgia Fulton County Atlanta 30314 University Center

862 Mitchell St SW, Atlanta, GA

This home is located at 862 Mitchell St SW, Atlanta, GA 30314 and is currently priced at $489,000. This property was built in 1920. 862 Mitchell St SW is a home located in Fulton County with nearby schools including M. A. Jones Elementary School, Herman J. Russell West End Academy, and Booker T. Washington High School.

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Listing Agent
GEORGE ANSONG
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Maximum One Greater Atlanta Realtors
(404) 383-6038