Shelbyville Multifamily Investment
419 Belmont Ave Shelbyville, TN 37160
For Sale
$499,900
Five-unit apartment building with value-add potential near downtown Shelbyville.
Property Size3,359 SF
Price / SF$148.82
Days on Market100
Property Features for 419 Belmont Ave
General Information
Standard status
Active
Size
3,359 SF
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
CANNONTOWN REAL ESTATE
(615) 300-3296
Listed By:
AMY CANNON
Source:
Corcoran
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 28 at 9:31AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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 $499,900.
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).
