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10-Unit Renovated Apartment Property
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601 E Grundy St, Tullahoma, TN 37388

Five-building multifamily property with individually metered homes, laundry hookups, and private rear patios.

Property SizeContact for details
Lot Size1.22 Acres
Days on Market146

Property Features for 601 E Grundy St

General Information

Standard status Active
Lot size 1.22 Acres
Property subtype Multifamily

Units

Unit Mix 10 x 2BR/1.5BA
Multifamily Units 10

Amenities

washer and dryer hookups
private back patio

Building Details

Year Built 1988
Buildings 5
Listing Agency: Residential Investment Advisors LLC
Listed By: Hunter Smith · License #357471
Source: Crexi
Added: Apr 12 Changed: Sep 2 Last Checked: Aug 31 at 2:10AM

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 Residential Investment Advisors LLC

Investment Insights

Based on property information with market context.

Built in 1988, this apartment property includes ten two-bedroom residences with one-and-a-half bathrooms, each measuring approximately 1,150 square feet. The units are distributed among five buildings on a 1.22-acre site. Nine residences have received renovations, while work is underway in the remaining unit. Improvements include flooring, kitchens, bathrooms, HVAC systems, and roofs.

Each apartment is separately metered and includes washer and dryer hookups along with a private back patio. The property is located at 601 E Grundy St in Tullahoma, Tennessee, approximately 80 miles from Nashville.

Key Highlights

  • Ten two‑bedroom, one‑and‑a‑half‑bath units, each approximately 1,150 square feet
  • Five‑building apartment property on 1.22 acres
  • Nine of 10 units renovated; updates are underway in the remaining unit

Property Analytics

Current Use

Saint Stephen's Anglican ... Church

Suggested Use

Top Pick Locksmith Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Pet Store Pet Store & Service

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

10
Residential units

Location Intelligence

Trade Area within ½ mile

592
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 - Five-building multifamily property with individually metered homes, laundry hookups, and private rear patios.
Where is this apartment building located?
The property is located at 601 E Grundy St Tullahoma, TN.
What are key features of this property?
This property features: Ten two‑bedroom, one‑and‑a‑half‑bath units, each approximately 1,150 square feet; Five‑building apartment property on 1.22 acres; Nine of 10 units renovated; updates are underway in the remaining unit
(931) 242-7382 Call to check price and availability
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