419 Belmont Ave, Shelbyville, TN 37160

Building Details

Year Built

1948

Listing agent AMY CANNON

Listing office CANNONTOWN REAL ESTATE a***@gmail.com Show Phone

Listing date Apr 21, 2026

Source Corcoran

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Overview

Located on Belmont Avenue in Shelbyville, Tennessee, this five-unit brick apartment building presents an investment opportunity. The property is situated in an established residential area near the historic downtown square, along one of the city’s oldest corridors known for its historic homes and architectural character. The unit mix includes two 2-bedroom, 1-bathroom units, two 1-bedroom, 1-bathroom units, and a studio apartment with a bathroom. The studio apartment is currently rented. Two units are currently vacant, offering immediate value-add potential with projected rents of approximately $950 for the 2-bedroom units and $850 for the 1-bedroom units. Units 2, 3, and 4 are accessed through the interior, while Units 1 and 5 have access from their own small decks on each side of the building. Improvements within approximately the last 4 to 5 years include a new roof, kitchen and bath updates, a new foundation drainage system, and main sewer line replacement. The owner currently pays for utilities and lawn care. The property offers convenient access to Murfreesboro and Nashville. The property size is 3359 square feet. The income operating expense figures are from 2025.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Shelbyville

County

Bedford

State

Tennessee

Longitude

-86.454327

Latitude

35.480736

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FAQs

What type of property is this?

Apartment building - Five-unit apartment building with value-add potential near downtown Shelbyville.

Where is this apartment building located?

The property is located at 419 Belmont Ave Shelbyville, TN.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: Strong rental appeal due to location and walkability in an established residential area near historic downtown Shelbyville.; Immediate value‑add potential with two vacant units and projected rent increases (2BR ~$950, 1BR ~$850).; 5‑unit brick apartment building with a mix of unit types (two 2BR/1BA, two 1BR/1BA, one Studio).