862 Mitchell St SW Atlanta, GA 30314
University Center NeighborhoodEstimated payment $2,950/month
Highlights
- Hot Property
- No HOA
- Tennis Courts
- Property is near public transit, schools, and shops
- Community Pool
- 1-Story Property
About This Home
Investor-friendly, income-producing triplex in Atlanta generating approximately $4,500 per month in stable rental revenue, offering a strong opportunity for both seasoned investors and owner-occupants seeking to house hack; renovated just two years ago, this well-maintained multifamily property features three income-generating units with Unit A leased at $1,600/month through the Atlanta Housing Authority, Unit B leased at $1,600/month through the Atlanta Housing Authority, and Unit C producing $1,300/month total across two separate rooms rented at $650/month each; Unit C may be delivered vacant at closing, providing flexibility for owner-occupancy, tenant repositioning, or rental strategy optimization; ideal for buyers seeking immediate cash flow with future upside potential in a growing Atlanta market;
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,803
Year Built
- Built in 1920 | Remodeled
Home Design
- Triplex
- Brick Exterior Construction
- Pillar, Post or Pier Foundation
Interior Spaces
- 1-Story Property
- Ceiling Fan
Schools
- Jones Elementary School
- Herman J Russell Middle School
- Booker T Washington High School
Utilities
- Central Heating and Cooling System
- Underground Utilities
Additional Features
- 3,920 Sq Ft Lot
- Property is near public transit, schools, and shops
Listing and Financial Details
- Tax Lot 78
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Tennis Courts
- Community Playground
- Community Pool
Building Details
- Gross Income $54,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,416 | $92,960 | $32,640 | $60,320 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $489,000 | +171.7% | -- | |
| 01/12/2021 01/12/21 | Sold | $180,000 | -2.7% | $109 / Sq Ft | View Prior Sale |
| 12/21/2020 12/21/20 | Pending | -- | -- | -- | |
| 12/18/2020 12/18/20 | For Sale | $185,000 | -- | $112 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $308,000 | -- | |
| 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 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $308,000 | Purchase Money Mortgage | |
| 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: Georgia MLS
MLS Number: 10726577
APN: 14-0109-0001-090-1
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 Georgia MLS. All rights reserved.
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