7-Unit Apartment
For Sale
$450,000
206 Edison St W, Fayetteville, TN 37334
Three apartments were recently renovated, and the property is currently producing rental income.
Property Size6,000 SF
Price / SF$75
Days on Market53
Property Features for 206 Edison St W
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$1,932
Building Details
Buildings
1
Listing Agency:
MRG Realty Partners
(615) 522-3973
Listed By:
Drew Lekowski · License #TN-371021
(615) 522-3973
Source:
Exprealty
Added: Jul 1
Changed: Aug 20
Last Checked: Aug 21 at 11:16AM
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 MRG Realty Partners
Investment Insights
Based on property information with market context.
This 6,000-square-foot multifamily property contains 7 apartment units and is located in Fayetteville, Tennessee. Three units have undergone recent renovations, providing updated portions of the building while additional improvements remain part of the property’s value-add plan.
The asset is currently generating rental income. Existing rental performance includes a reported 10% mark-to-market opportunity, while additional revenue may be pursued through RUBs and laundry income. The property information also identifies potential for income growth of up to 40% through those measures and continued unit renovations.
The asset is currently generating rental income. Existing rental performance includes a reported 10% mark-to-market opportunity, while additional revenue may be pursued through RUBs and laundry income. The property information also identifies potential for income growth of up to 40% through those measures and continued unit renovations.
Key Highlights
- 7‑unit apartment building totaling 6,000 square feet
- Three units recently renovated
- Currently generating rental income
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
Explore this area
Business Placement
Demographics for 37334, TN
23,435
Population
10,251
Households
2.3
Avg Household Size
43
Median Age
19%
College-Educated
89%
High-School Grad
254.2 sq mi
ZIP Area
92
Density / Sq Mi
$62,262
Median Household Income
$40,565
Median Earnings
$790
Median Rent
$207,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three apartments were recently renovated, and the property is currently producing rental income.
Where is this apartment building located?
The property is located at 206 Edison St W Fayetteville, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 7‑unit apartment building totaling 6,000 square feet; Three units recently renovated; Currently generating rental income
