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14-Unit Apartment Building
For Sale
$2,299,000

404 Cedar Ln, Tullahoma, TN 37388

Brick multifamily property with two-bedroom residences, contemporary finishes, and in-unit laundry appliances.

Property Size10,192 SF
Price / SF$225.57
Days on Market131

Property Features for 404 Cedar Ln

General Information

Standard status Active
Size 10,192 SF
Property subtype Residential Income

Units

Unit Mix 14 x 2BR/1BA
Multifamily Units 14

Amenities

in-unit washer and dryer

Building Details

Year Built 2026
Construction brick
Listing Agency: Better Homes & Gardens Real Estate Heritage Group
Listed By: Lisa Curl 9312241071 · License #369276
Source: Sumnercountyhomelistings
Added: Apr 21 Changed: Aug 28 Last Checked: Aug 29 at 10:39AM

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 Better Homes & Gardens Real Estate Heritage Group

Investment Insights

Based on property information with market context.

Completed in 2026, this 10,192-square-foot brick apartment property contains 14 matching residences, each measuring 728 square feet with two bedrooms and one bathroom. Interior features include custom cabinetry, granite bathroom countertops, luxury vinyl plank flooring, stainless steel kitchen appliances, and an in-unit washer and dryer. The brick exterior provides a durable building envelope and supports a consistent appearance across the property.

The property is located at 404 Cedar Ln in Tullahoma, near shopping and restaurants and within walking distance of DW Wilson Community Center. Twelve units were leased as of July 10, with additional units being advertised and leased. Operations are subject to a management agreement with Stones River Property Management of Murfreesboro.

Key Highlights

  • 14 units, each with 2 bedrooms, 1 bathroom, and 728 sq ft
  • 10,192‑square‑foot apartment property completed in 2026
  • Brick construction with matching apartment residences

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Electrical Service Real Estate Agency Auto Parts Store

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

14
Residential units

Location Intelligence

Trade Area within ½ mile

621
Businesses Nearby

Demographics for 37388, TN

26,352
Population
11,871
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
117.9 sq mi
ZIP Area
224
Density / Sq Mi
$59,892
Median Household Income
$37,452
Median Earnings
$856
Median Rent
$230,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Brick multifamily property with two-bedroom residences, contemporary finishes, and in-unit laundry appliances.
Where is this apartment building located?
The property is located at 404 Cedar Ln Tullahoma, TN.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: 14 units, each with 2 bedrooms, 1 bathroom, and 728 sq ft; 10,192‑square‑foot apartment property completed in 2026; Brick construction with matching apartment residences
More about this property
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