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28-Unit Apartment Building
New
For Sale
$1,800,000

303 S Poplar St, Paris, TN 38242

Business Opportunity, Paris, TN

Property Size15,750 SF
Lot Size0.78 Acres
Price / SF$114.29
Days on Market5

Property Features for 303 S Poplar St

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Multi-Family
Bathrooms 29
Full bathrooms 28
Half bathrooms 1
Rooms Bathroom 18, Bathroom 16, Bathroom 3, Bathroom 21, Bathroom 22, Bathroom 17, Bathroom 1, Bathroom 13, Bathroom 6, Bathroom 15, Bathroom 26, Bathroom 25, Bathroom 5, Bathroom 12, Bathroom 28, Bathroom 27, Bathroom 14, Bathroom 10, Bathroom 9, Bathroom 11, Bathroom 24, Bathroom 8, Bathroom 19, Bathroom 20, Bathroom 29, Bathroom 4, Bathroom 2, Bathroom 23, Bathroom 7
Patio and Porch features Deck
High school district 000000
Standard status Active
APN 106A H 013.00
Size 15,750 SF
Lot size 0.78 Acres

Utilities

Water source Public

Amenities

on-site laundry

Building Details

Year built 1940
Floors in Building 3
Building materials Masonite, Brick
Listing Agency: AMP Realty, PLLC.
Listed By: Angela Peterson
Added: Oct 10 Last Checked: Oct 14 at 10:06AM
MLS# 12021799

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This three-story apartment property contains 28 units: 13 studios, 10 one-bedroom, one-bathroom apartments, four two-bedroom, one-bathroom apartments, and one two-bedroom apartment with one-and-a-half bathrooms. The residential area totals 15,750 square feet. On-site features include laundry facilities, office and maintenance space, parking, and a deck. Built in 1940, the building has Masonite and brick construction, and public water service is available.

Renovations have been completed in 25 of the 28 apartments, covering interior finishes, cabinetry, appliances, lighting, bathroom vanities, and ceiling fans. Exterior work includes paint, parking lot paving, and foundation repairs. The sale includes three parcels, including two land parcels behind the apartment building.

Key Highlights

  • 28 apartments: 13 studios, 10 one‑bedroom/one‑bathroom units, four two‑bedroom/one‑bathroom units, and one two‑bedroom/one‑and‑a‑half‑bathroom unit
  • 15,750 square feet of residential space
  • Three‑story building constructed in 1940

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Accounting Firm Kitchen & Bath Showroom Plumbing Service Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28
Residential units

Location Intelligence

Trade Area within ½ mile

500
Businesses Nearby

Demographics for 38242, TN

19,940
Population
9,390
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
175.5 sq mi
ZIP Area
114
Density / Sq Mi
$44,833
Median Household Income
$35,723
Median Earnings
$759
Median Rent
$157,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Residents have access to on-site laundry, while office and maintenance areas support property operations.
Where is this apartment building located?
The property is located at 303 S Poplar St Paris, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 28 apartments: 13 studios, 10 one‑bedroom/one‑bathroom units, four two‑bedroom/one‑bathroom units, and one two‑bedroom/one‑and‑a‑half‑bathroom unit; 15,750 square feet of residential space; Three‑story building constructed in 1940
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