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    Athens, TN Apartment Buildings for Sale

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    Stabilized Multifamily Portfolio For Sale
    Updated: May 14
    Stabilized Multifamily Portfolio For Sale

    1720 Garden Dr, Athens, TN 37303

    Contact for pricing
    219,926 sqft
    Portfolio of 249 HAP units in three fast‑growing Tennessee markets.
    High occupancy rates ranging from 90% to 100% across all properties.
    Unparalleled acquisition flexibility: purchase the entire portfolio, individual properties, or combine assets.
    Benefit from HAP contracts, providing predictable cash flow, with option terms extending to 2041.
    Opportunity for operational efficiencies through shared management and amenities.
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    Downtown Athens Income Property
    Updated: Dec 26, 2024
    Downtown Athens Income Property

    205/207 E Washington Ave, Athens, TN 37303

    $650,000
    0.08 AC lot
    High income potential: Gross income over $100k/year with a 14% CAP rate.
    Prime Downtown Athens location: Walkable to restaurants, coffee shops, shopping, and Tennessee Wesleyan University.
    Multiple income streams: Six individual rooms with shared living agreements, one full one‑bedroom apartment upstairs, and two one‑bedroom apartments downstairs.
    Remodeled one‑bedroom units: All three one‑bedroom units have been remodeled.
    Commercial space included: Unit 205 is a rented commercial space (boutique) with hardwood floors and display windows.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Athens, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    92-Unit Apartment Community
    92-Unit Apartment Community

    3700/04/22 Stephens Road NE, Cleveland, TN 37312

    $7,499,000
    61,954 sqft 5.36 AC lot

    Well-maintained 92-unit apartment community with recent exterior and interior upgrades and on-site pay-per-use laundry.

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    Twelve Properties in Etowah, TN
    Twelve Properties in Etowah, TN

    128 County Road 882, Etowah, TN 37331

    $1,400,000
    576 sqft 4.17 AC lot

    Investment opportunity: 11 cabins and one doublewide with signed leases.

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    Multifamily Property with Event Hall
    Multifamily Property with Event Hall

    359 County Road 475, Etowah, TN 37331

    $1,200,000
    10,848 sqft 21.75 AC lot

    Income-producing triplex and quadplex plus an on-site event hall and outdoor gathering spaces on two parcels.

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    92-Unit Apartment Community in Cleveland
    92-Unit Apartment Community in Cleveland

    3700 Stephens Road NE, Cleveland, TN 37312

    $7,874,900

    Well-maintained apartment community with recent improvements in a prime location.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Ocean Springs Highway 90 Land
    Ocean Springs Highway 90 Land

    Bienville Blvd, Ocean Springs, MS 39564

    $675,000
    143,748 sqft 3.30 AC lot

    3.3 acre commercial land on Highway 90, Ocean Springs.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Off-Market Properties in Athens, TN

    Consider similar Off-Market properties in Athens, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Layman Rd & Dennis St
    Individual retail properties

    0 Layman Rd & Dennis St, Athens, TN 37303

    Value Estimation by Request
    31.78 AC lot
    View details

    Athens, TN Apartment Buildings Market Trends and Statistics

    Explore 3 apartment buildings for sale in Athens, TN on our real estate platform. These investment opportunities span a total of 219,926 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for two-family homes in Athens, TN start at $0.00, averaging $325,000, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 25K
    Population Growth (5Y) +4.5%
    Median Household Income $60,874
    College Educated 14.3%

    High-Yield Neighborhoods for Investment

    Identify Athens submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    37303 $650K

    Taxes & Financing

    Tax Rate (average for all types) 2.03%
    Property Tax per SF $38.78 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McMinn County

    New Delisted

    Total CRE Inventory on Market (SF)

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