419 Belmont Ave Shelbyville, TN 37160
New
Five-unit apartment building with value-add potential near downtown Shelbyville.
Type:Commercial
Property size:
3,359 SFPrice / SF:
$156/SF- Added:
- Apr 21, 2026
- Days on Market:
- 6
- Last Refresh:
- Apr 22 at 11:12 am
Property Features for 419 Belmont Ave
General Information
- Standard status
- Active
- Size
- 3,359 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1948
Listing agent AMY CANNON
Listing office CANNONTOWN REAL ESTATE (615) 300-3296
Listing date Apr 21, 2026
Source Corcoran
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 CANNONTOWN REAL ESTATE
Overview
Shelbyville Multifamily Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Bedford
- State
- Tennessee
- Longitude
- -86.454327
- Latitude
- 35.480736
Nearby Similar for Sale
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).
