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12-Unit New Construction Apartment Building
For Sale
$2,398,800

420 New Rock Creek Rd, Tullahoma, TN 37388

Newly built townhome-style residences feature practical layouts, durable flooring, and stainless-steel kitchen appliances.

Property Size13,560 SF
Price / SF$176.90
Days on Market40

Property Features for 420 New Rock Creek Rd

General Information

Standard status Active
Size 13,560 SF
Property subtype Multi-Family

Units

Unit Mix 12 x 3BR/2BA
Multifamily Units 12

Building Details

Year Built 2026
Listing Agency: Freedom Realty Group
Listed By: Daryl Welch · License #270850
Source: Shearonsellsteam
Added: Jul 21 Changed: Aug 28 Last Checked: Aug 29 at 12:31PM

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 Freedom Realty Group

Investment Insights

Based on property information with market context.

This 12-unit apartment building is scheduled for completion in 2026 and is configured as townhome-style residences. Each home includes three bedrooms, two full bathrooms, LVP flooring throughout, and an open kitchen and living arrangement. Custom cabinetry, a stainless-steel microwave, and a stainless-steel stove are included in each kitchen, while the exteriors are designed for low-maintenance ownership.

The complex is located near Tullahoma’s city recreation fields. The property contains 13,560 sq ft overall, with each unit measuring 1130 sq ft, providing a consistent configuration across the development. Its new construction and repeated floorplan design support both individual residential occupancy and multifamily ownership.

Key Highlights

  • 12 units in the apartment complex
  • Each unit measures 1130 sq ft
  • Complex totals 13560 sq ft

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Parking Lot & Garage HVAC Service Pharmacy

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

12
Residential units

Location Intelligence

Trade Area within ½ mile

38
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 - Newly built townhome-style residences feature practical layouts, durable flooring, and stainless-steel kitchen appliances.
Where is this apartment building located?
The property is located at 420 New Rock Creek Rd Tullahoma, TN.
What is the asking price?
The asking price for this property is $2,398,800.
What are key features of this property?
This property features: 12 units in the apartment complex; Each unit measures 1130 sq ft; Complex totals 13560 sq ft
More about this property
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