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    Athens, TN Apartment Buildings for Sale

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    Englewood, TN Niota, TN Riceville, TN
    Stabilized Multifamily Portfolio For Sale
    Contact for pricing
    219,926 SF

    Stabilized Multifamily Portfolio For Sale

    1720 Garden Dr, Athens, TN 37303

    Portfolio of 249 HAP units across three Tennessee markets.

    • 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.
    Updated: May 14
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    Downtown Athens Income Property
    $650,000
    0.08 Acres

    Downtown Athens Income Property

    205/207 E Washington Ave, Athens, TN 37303

    Mixed-use property with high income potential in downtown Athens.

    • 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.
    Updated: Dec 26, 2024
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    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 in Cleveland
    $7,999,900
    61,954 SF

    92-Unit Apartment Community in Cleveland

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

    3700/04/22 Stephens Road NE, Cleveland, TN 37312
    View details
    92-Unit Apartment Community in Cleveland
    $8,499,900

    92-Unit Apartment Community in Cleveland

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

    3700 Stephens Road NE, Cleveland, TN 37312
    View details
    Mixed-Use Property in Etowah, TN
    $275,000
    4,800 SF

    Mixed-Use Property in Etowah, TN

    Mixed-use property with income-producing apartments and commercial space.

    830 Tennessee Avenue, Etowah, TN 37331
    View details
    Mixed-Use Property with Income Potential
    $295,000
    4,800 SF

    Mixed-Use Property with Income Potential

    Mixed-use property featuring apartments and retail spaces.

    830 Tennessee Avenue, Etowah, TN 37331
    View details

    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
    $2,500,000
    5.94 Acres

    Asheville Development Opportunity: 5.94 Acres

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

    215 N Bear Creek Road, Asheville, NC 28806
    View details
    Greenville Development Opportunity: 1.33 Acres
    $699,900
    1.33 Acres

    Greenville Development Opportunity: 1.33 Acres

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

    71 Salters Road, Greenville, SC 29607
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details
    Ocean Springs Highway 90 Land
    $675,000
    143,748 SF

    Ocean Springs Highway 90 Land

    3.3 acre commercial land on Highway 90, Ocean Springs.

    Bienville Blvd, Ocean Springs, MS 39564
    View details

    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
    Lot: 31.78 Acres
    Value Estimation by Request
    Layman Rd & Dennis St

    0 Layman Rd & Dennis St, Athens, TN 37303

    View details

    Athens, TN Apartment Buildings Investment Opportunities Market Analysis

    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 median 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 sq ft
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

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