16-Unit Apartment
New
For Sale
$2,100,000
1059 Woods Ferry Rd, Gallatin, TN 37066
Multifamily property with recent building upgrades, selected unit renovations, individually metered electric service, and on-site laundry.
Property Size8,800 SF
Days on Market2
Property Features for 1059 Woods Ferry Rd
General Information
Standard status
Active
Size
8,800 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
16
Amenities
on-site laundry
16-unit multifamily asset comprised of two eight-unit buildings in Gallatin, one of Middle Tennessee's fastest-growing submarkets.
Major exterior improvements include parking lot resealing and striping.
Select unit renovations have been completed, including updated flooring, countertops, appliances, fixtures, and lighting.
On-site laundry facility provides additional income potential through CSC-operated washers and dryers.
Future ownership may benefit from building on an existing site plan and architectural drawings for an additional 16, 2-bedroom units.
Expansion potential offers investors a rare opportunity to increase unit count and maximize land utilization within the existing property footprint.
Building Details
Building Size
8,800 SF
Units
16
Listing Agency:
Nashville Office
(615) 997-2853
Listed By:
Pat Cosgrove · License #License(s): TN: 341774
(615) 997-2853
Source:
Marcusmillichap
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 3:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nashville Office
Investment Insights
Based on property information with market context.
Pinewood Apartments is a 16-unit multifamily property in Gallatin, Tennessee. Recent work includes new roofs completed in 2023, exterior and mechanical upgrades, and renovations to select units. The property also includes on-site laundry facilities and individually metered electric service, while water is billed back to tenants.
Existing surveys, permits, and site planning may support development of two additional multifamily buildings. The property is located in Gallatin, a Middle Tennessee suburb identified in the offering materials as one of the region’s fastest-growing markets.
Existing surveys, permits, and site planning may support development of two additional multifamily buildings. The property is located in Gallatin, a Middle Tennessee suburb identified in the offering materials as one of the region’s fastest-growing markets.
Key Highlights
- 16‑unit multifamily property in Gallatin, TN
- New roofs completed in 2023
- Recent exterior and mechanical upgrades
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 37066, TN
59,370
Population
25,939
Households
2.3
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
116.3 sq mi
ZIP Area
510
Density / Sq Mi
$78,049
Median Household Income
$43,311
Median Earnings
$1,305
Median Rent
$376,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with recent building upgrades, selected unit renovations, individually metered electric service, and on-site laundry.
Where is this apartment building located?
The property is located at 1059 Woods Ferry Rd Gallatin, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 16‑unit multifamily property in Gallatin, TN; New roofs completed in 2023; Recent exterior and mechanical upgrades
