16-Unit Multifamily
1049 Martha Glass Dr Jefferson City, TN 37760
New
For Sale
$2,043,000
16-unit multifamily portfolio across five buildings with individually metered water and electricity.
Days on Market4
Property Features for 1049 Martha Glass Dr
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
Nashville Office
(615) 997-2853
Listed By:
Pat Cosgrove · License #License(s): TN: 341774
(615) 997-2853
Source:
Marcusmillichap
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 3:00AM
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.
Offered for sale, the Jefferson City multifamily portfolio totals 16 units across five buildings and five parcels in Jefferson City, Tennessee. The property was constructed between 1996 and 1997 and includes individually metered water and electricity, designed to help reduce the operating expense burden.
The portfolio is located within East Tennessee’s Lakeway region with convenient access to Highway 11E and the Morristown and Knoxville employment centers.
Current rents average approximately $155 below market, providing an opportunity for revenue growth through future rent increases while maintaining occupancy. Offers are to be submitted as a non-binding Letter of Intent outlining key terms, including asset pricing, due diligence and closing timeline, earnest money deposit, debt/equity structure, and qualification to close. The purchase terms require all cash to be paid at closing, and tenants or staff should not be contacted regarding the sale.
The portfolio is located within East Tennessee’s Lakeway region with convenient access to Highway 11E and the Morristown and Knoxville employment centers.
Current rents average approximately $155 below market, providing an opportunity for revenue growth through future rent increases while maintaining occupancy. Offers are to be submitted as a non-binding Letter of Intent outlining key terms, including asset pricing, due diligence and closing timeline, earnest money deposit, debt/equity structure, and qualification to close. The purchase terms require all cash to be paid at closing, and tenants or staff should not be contacted regarding the sale.
Key Highlights
- 16‑unit multifamily portfolio across five buildings and five parcels in Jefferson City, TN
- Rents average approximately $155 below market, offering room for future rent growth
- Built between 1996 and 1997, with a newer vintage asset profile
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 16-unit multifamily portfolio across five buildings with individually metered water and electricity.
Where is this apartment building located?
The property is located at 1049 Martha Glass Dr Jefferson City, TN.
What is the asking price?
The asking price for this property is $2,043,000.
What are key features of this property?
This property features: 16‑unit multifamily portfolio across five buildings and five parcels in Jefferson City, TN; Rents average approximately $155 below market, offering room for future rent growth; Built between 1996 and 1997, with a newer vintage asset profile
