Downtown Athens Income
205/207 E Washington Ave, Athens, TN 37303
Mixed-use property with high income potential in downtown Athens.
Type:Multi Family
Lot size:
0.08 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 5 at 11:49 pm
Property Features for 205/207 E Washington Ave
General Information
- Standard status
- Active
- Lot size
- 0.08 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1937
Listing agent Christopher T Lizarraga License #370638
Listing office VonKeith Properties (818) 590-5842
Listing date Mar 24, 2026
Source Exitrealty
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 VonKeith Properties
HighLights
- 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.
- New flooring in upstairs hallway and newer cabinets in shared kitchen.
Overview
Located in downtown Athens, this mixed-use property offers significant income potential. The property currently generates a gross annual income exceeding $100,000, yielding a 14% CAP rate. Situated in a walkable area, it is conveniently located near restaurants, a coffee shop, shopping options, and Tennessee Wesleyan University. The property includes six individual rooms upstairs, accessible via a hallway with new flooring. These rooms share a kitchen equipped with newer cabinets, an electric stove/oven, a refrigerator, and a microwave. Shared single restrooms are available, assigned by gender. In addition to the individual rooms, the building features one full one-bedroom apartment unit upstairs and two one-bedroom units downstairs, all of which have been remodeled. Unit 205 is a commercial space with hardwood floors, currently rented as a boutique with large display windows facing Washington Ave. This property presents a chance to own a piece of downtown Athens.
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- McMinn
- State
- Tennessee
- Longitude
- -84.591856
- Latitude
- 35.443306
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with high income potential in downtown Athens.
Where is this mixed-use property located?
The property is located at 205/207 E Washington Ave Athens, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 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.
