862 Mitchell Street SW
Atlanta, GA 30314
Map
- – beds
- – baths
- – sqft
- 4,008 sqft lot
- 1920 build
- – on site
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!
Last checked:
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Last updated Jun 23, 2025
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MLS# 10521982 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1920
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Construction Materials:Block, Brick
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Structure Type:Triplex
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# of Units Total:2
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Foundation Details:Block, Slab
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Levels:One
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Basement:Crawl Space
Financial & Terms
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Possession:Close Of Escrow
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Owner Pays:Electricity, Garbage, Gas, Other
Location
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Latitude:33.753271
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Longitude:-84.415833
The Property
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Property Type:Residential Income
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Property Condition:Updated/Remodeled
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Lot:78
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Lot Size Acres:0.092
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Lot Size Source:Public Records
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Parcel Number:14 010900010901
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Land Lot:109
Listing Agent
- Contact info:
- Agent phone:
- (770) 919-8825
- Office phone:
- (770) 919-8825
Taxes
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Tax Year:22
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Tax Annual Amount:$2,810.24
Heating & Cooling
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Heating:Central, Electric
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Cooling:Ceiling Fan(s), Central Air
Utilities
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Utilities:Electricity Individual Meters
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Sewer:Public Sewer
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Water Source:Public
Appliances
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Laundry Features:Other
Schools
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District:14
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Elementary School:Jones
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Elementary Bus:Yes
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Middle School:Herman J. Russell
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Middle School Bus:Yes
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High School:Washington
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High School Bus:Yes
The Community
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Subdivision:Owens /FD Thurmond
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Community Features:Walk To Public Transit, Walk To Schools, Walk To Shopping
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Association:No
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Association Fee Includes:Sewer
Parking
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/17/25
Jun 17, 2025
|
Price Changed | GAMLS | $489,000 | 6.5% |
|
5/19/25
May 19, 2025
|
Price Changed | GAMLS | $459,000 | -4.2% |
|
5/14/25
May 14, 2025
|
Listed / Active | GAMLS | $479,000 | 166.1% (38.3% / YR) |
