Three-Unit Residential
401 Madison St, Manchester, TN 37355
For Sale
$250,000
Pending
Separate water and electric meters serve each apartment, with individual utility billing configuration.
Property Size2,368 SF
Days on Market9
Property Features for 401 Madison St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
SimpliHOM
Listed By:
Patrick Smith | The Legacy Group
(931) 409-8985
Source:
Homesmiddletn
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 7:20AM
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 SimpliHOM
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Investment Insights
Based on property information with market context.
This 2,368-square-foot triplex contains three apartments across two levels. The upper-floor residence has two bedrooms and one bathroom and is occupied. Two ground-floor apartments each have one bedroom and one bathroom; both have been renovated and are vacant. One of the lower units includes a rear washer and dryer closet. The property was built in 1935, and each apartment has its own water and electric meter.
Key Highlights
- Three apartments in a 2,368‑square‑foot building
- Upper‑level unit: 2 bedrooms and 1 bathroom; tenant in place
- Two lower‑level units, each with 1 bedroom and 1 bathroom; both renovated and vacant
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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Business Placement
Demographics for 37355, TN
28,487
Population
12,288
Households
2.3
Avg Household Size
41
Median Age
22%
College-Educated
87%
High-School Grad
207.0 sq mi
ZIP Area
138
Density / Sq Mi
$62,943
Median Household Income
$36,583
Median Earnings
$908
Median Rent
$238,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Separate water and electric meters serve each apartment, with individual utility billing configuration.
Where is this triplex located?
The property is located at 401 Madison St Manchester, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three apartments in a 2,368‑square‑foot building; Upper‑level unit: 2 bedrooms and 1 bathroom; tenant in place; Two lower‑level units, each with 1 bedroom and 1 bathroom; both renovated and vacant
