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Four-Duplex Residential Income Property
For Sale
$1,225,000
Pending

3229 Blue Springs Road, Strawberry Plains, TN 37871

Residential Income, Strawberry Plains, TN

Property SizeContact for details
Lot Size1.30 Acres
Days on Market187

Property Features for 3229 Blue Springs Road

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 7
Full bathrooms 5
Half bathrooms 4
Rooms Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 9, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 8, Bathroom 2, Bathroom 5, Bedroom 5, Bathroom 6, Bathroom 8, Bathroom 7, Bedroom 4
Directions From 11E turn onto Bruner road, then right onto Blue Springs Road, property on the left.
Standard status Pending
APN 053 10200 000
Lot size 1.30 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description 3229-3245 Blue Springs Rd
Tax Annual Amount 5350
Legal Description 3229-3245 Blue Springs Rd

Utilities

Heating system Electric (Heating), Central, Heat Pump (Heating)
Cooling system Electric, Central Air

Building Details

Year built 1980
Floors in Building 2
Number of units 8
Building materials Brick, Frame
Buildings 4
Listing Agency: Cook & Company Realty
Listed By: Jessee Cook · License #358637
Added: May 1 Changed: Oct 31 Last Checked: Nov 3 at 11:06AM
MLS# 711349

Copyright © 2026 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This residential income property comprises four separate duplex buildings on a 1.3-acre lot, creating an eight-unit configuration. Each unit has two bedrooms, with six units offering one and a half baths and two providing two full baths. The buildings range from 1,984 square feet to 2,072 square feet and feature brick and frame construction.

Seven of the eight units are currently leased. The property includes central heating and cooling systems, electric heat-pump equipment, and central air. The site may also have room for construction of a fifth duplex, subject to applicable approvals and site considerations.

Key Highlights

  • Four separate duplexes on one 1.3‑acre lot
  • Eight total units, including six 2‑bedroom, 1.5‑bath units and two 2‑bedroom, 2‑bath units
  • Seven of 8 units currently leased

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

Demographics for 37871, TN

9,245
Population
3,621
Households
2.6
Avg Household Size
43
Median Age
14%
College-Educated
90%
High-School Grad
39.1 sq mi
ZIP Area
236
Density / Sq Mi
$73,102
Median Household Income
$41,042
Median Earnings
$803
Median Rent
$190,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Eight-unit configuration with seven leased units, varied two-bedroom layouts, and potential for an additional duplex on 1.3 acres.
Where is this duplex located?
The property is located at 3229 Blue Springs Road Strawberry Plains, TN.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Four separate duplexes on one 1.3‑acre lot; Eight total units, including six 2‑bedroom, 1.5‑bath units and two 2‑bedroom, 2‑bath units; Seven of 8 units currently leased
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