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Three-Dwelling Multifamily Property
New
For Sale
$500,000

570 1st Ave, Lewisburg, TN 37091

Three separate residences offer distinct layouts, with a main home, cottage, and one-bedroom apartment.

Property Size3,089 SF
Price / SF$161.86
Days on Market7

Property Features for 570 1st Ave

General Information

Standard status Active
Size 3,089 SF
Property subtype Residential Income

Units

Unit Mix 1 x 2BR/2BA, 1 x 2BR, 1 x 1BR/1BA
Multifamily Units 3

Amenities

covered front porch
covered back porch
laundry
built-in bookshelves
granite countertops
covered screened-in porch

Building Details

Year Built 1950
Listing Agency: Keller Williams Russell Realty & Auction
Listed By: Dayla Bray- The Preferred Group 9319934166 · License #314104
Source: Northnashvillehomes4sale
Added: Oct 14 Changed: Oct 19 Last Checked: Oct 19 at 2:20PM

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 Keller Williams Russell Realty & Auction

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Investment Insights

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The property comprises a main residence, a detached cottage, and a separate one-bedroom apartment. The main home has two bedrooms, two full bathrooms, a living room, formal dining room, eat-in kitchen, and laundry room. Ornamental trim, ceiling medallions, and vintage light fixtures add period detail. Covered porches serve the front and rear of the home. The cottage includes two bedrooms, a living room with built-in bookshelves, an eat-in kitchen, laundry area, and covered front porch. The apartment has a living room, kitchen, bathroom, laundry equipment, and screened porch.

A two-car garage provides storage, and the concrete driveway has designated parking areas for each residence. The property is across from Rock Creek Park in Lewisburg. The cottage has been used for temporary rentals, and the apartment has had a tenant for three years.

Key Highlights

  • Three separate dwellings: a main home, cottage, and one‑bedroom apartment
  • Main home features two bedrooms and two full bathrooms
  • Cottage includes two bedrooms and built‑in living room bookshelves

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby

Demographics for 37091, TN

22,554
Population
9,963
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
206.0 sq mi
ZIP Area
109
Density / Sq Mi
$61,887
Median Household Income
$41,418
Median Earnings
$885
Median Rent
$230,700
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Three separate residences offer distinct layouts, with a main home, cottage, and one-bedroom apartment.
Where is this multifamily property located?
The property is located at 570 1st Ave Lewisburg, TN.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three separate dwellings: a main home, cottage, and one‑bedroom apartment; Main home features two bedrooms and two full bathrooms; Cottage includes two bedrooms and built‑in living room bookshelves
More about this property
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