Tennessee Multifamily Properties for Sale

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Updated: Jun 15

Mixed-Use Income Property

1242 Ladd Springs Road SE, Cleveland, TN 37323

$750,000

8,814 sqft 1.10 AC lot

Mixed‑use property with eight fully occupied 1‑bedroom apartments plus a central retail space
One‑level layout with four apartment units on each side of the retail space
Apartments feature open floorplans with luxury vinyl plank flooring and renovated bathrooms
Utilities include cable; water from well and public, with septic tank sewer
Construction is block; flooring is vinyl

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1242 Ladd Springs Road SE, Cleveland, TN 37323

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$66K
Annual
Price @ 7% Cap

$936K
Above asking
Last Sold

Nov 2018
$220K
Property Type

Retail Stores
Built 1976

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Updated: Jul 1

Turnkey Furnished Short-Term Rental Cabins

1828 Beach Front Drive, Sevierville, TN 37876

$1,800,000

6,108 sqft 0.83 AC lot

Three 2023‑built short‑term rental cabins in Sevierville on Beach Front Drive (1828, 2184, and 2237 Beach Front Drive).
Portfolio includes three approximately 2,036 SF cabins with central heating, central air, public water, and public sewer.
Unit mix: one 2‑bedroom/2‑bath cabin with a theater room and potential 3‑bedroom conversion, plus two 3‑bedroom/3‑bath cabins.
Seller‑provided financials show approximately $55,000 in annual gross rental revenue per cabin.
Seller believes gross revenue potential is approximately $75,000-$85,000 per cabin annually with improved management and pricing.

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Riverside Cabin and Manufactured Home Park

5551, 5611 River Road, Decatur, TN 37322

$600,000

5,905 sqft

Property offers 10 rental units across cabins and manufactured homes with an additional residential lot.

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Market and Restaurant with Apartments

7386 Mount Carmel Road, Decaturville, TN 38329

$650,000

6,400 sqft 1.38 AC lot

A multi-income mixed-use property with a fully stocked market, family restaurant, billiards room, and two rental apartments.

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Renovated Residential Income Property

30 E Thompson Ln, Nashville, TN 37211

$850,000

2,075 sqft

Renovated multi-unit home configured as two 2-bedroom residences plus a studio apartment, with covered screened outdoor space.

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Updated Fourplex with Three Leased Units

9125 NW Cedarpark Lane, Knoxville, TN 37923

$675,000

4,744 sqft

Updated fourplex with three currently leased units and a mix of two- and three-bedroom layouts.

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Multifamily Income Property with Six Units

630 Elizabethton Highway, Bluff City, TN 37618

$699,995

6,174 sqft 1.28 AC lot

Six fully occupied, separately metered units offer an investor-ready residential income setup on an MF-zoned site.

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Duplex with Detached Garage Loft Studio

105 Foothills Rd, Pikeville, TN 37367

$529,000

2,158 sqft 2.00 AC lot

Unrestricted fenced property with a detached garage loft studio, workshop spaces, and mountain views in the Sequatchie Valley.

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Multi-Structure Residential Income Property

248 Buckhorn Road, Gatlinburg, TN 37738

$1,550,000

10,640 sqft

A 5-bedroom main residence plus a standalone 1-bedroom apartment set across multiple structures on wooded acreage.

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Fully Renovated 8-Unit Apartment Building

183 Campbell Street, Jackson, TN 38301

$1,250,000

5,724 sqft 0.34 AC lot

Move-in-ready, fully renovated units with split HVAC systems in a two-story brick multifamily building.

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Shovel-Ready Corner Development Land

2700 Tucker Rd, Nashville, TN 37218

$950,000

3,000 sqft 1.00 AC lot

Corner commercial development site with approved plans for a 12-unit STR-eligible townhome project and utilities at the street.

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Historic Riverfront Apartment Building

2000 Netherland Inn Road, Kingsport, TN 37660

$1,149,000

10,034 sqft 0.60 AC lot

Income-focused multifamily asset with updated units and riverfront views near downtown Kingsport amenities.

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Two-Property Multifamily Investment

1412-1418 Armstrong Ave, Knoxville, TN 37917

$1,699,950

8,514 sqft

Two multifamily buildings with 12 total units on one deeded lot, including furnished units and an on-site laundry facility.

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Corner Lot Office and Fourplex

402 Inman Street East, Cleveland, TN 37311

$1,500,000

384 sqft 1.03 AC lot

Three contiguous parcels include two office buildings and a residential fourplex on a highly visible corner lot.

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Four-Plex with Long-Range Mountain Views

4222 Dollys Drive, Sevierville, TN 37876

$1,900,000

6,360 sqft 1.41 AC lot

Four-plex on A1 per TR zoning with electric HVAC, metal roof, and well and septic utilities serving all units.

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Office Building with Upper Apartments

306 W Broad St, Livingston, TN 38570

$595,000

8,735 sqft 0.59 AC lot

Multi-suited office building with two tenant-ready suites and three upper apartments reached by an exterior stair.

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Turnkey Nashville Airbnb Investment Opportunity

1081 Whites Creek Pike, Nashville, TN 37207

$2,099,970

6,209 sqft

Three fully furnished homes near Downtown Nashville, ready for short-term rentals.

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Quadplex Converted From Historic Church

602 Elm Avenue, South Pittsburg, TN 37380

$697,000

4,553 sqft 0.48 AC lot

Fully leased 4-unit quadplex with stainless steel appliances and in-unit washer and dryer in each unit.

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Duplex with House-Hack Flexibility

116D N 9th St, Nashville, TN 37206

$1,600,000

5,000 sqft

Duplex property with two units and the ability to lease for 30+ days without a short-term rental permit.

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Remodeled Short-Term Rental Property with Event Space

164 Clover St, Granville, TN 38564

$789,900

2,206 sqft 0.48 AC lot

Fully remodeled 2BR, 2.5BA mercantile building operating as an Airbnb and party or reception venue in historic Granville.

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Two-Story Mixed-Use Building Opportunity

2517 White Ave, Nashville, TN 37204

$2,685,000

3,016 sqft

Fully built-out two-story mixed-use building offered with an adjoining parcel for added outdoor space and flexible zoning.

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Remodeled Two-Building Multifamily

La Follette, TN 37766

$575,000

4,040 sqft

Two-building, eight-unit complex with recently updated interiors and active rentals ready for an investor or operator.

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New Construction Duplex with Two Units

2546 Selma Avenue, Knoxville, TN 37914

$574,900

3,200 sqft

Newly built duplex features two 3-bedroom, 3-bath units with modern finishes and covered front porches.

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RV Campground with Camp Store

13431 New Highway 68, Tellico Plains, TN 37385

$599,000

1,248 sqft 10.00 AC lot

Commercial property on Coker Creek with nine RV sites, creekside camping areas, and a 1,200+ sq. ft. camp store building.

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Tennessee Multifamily Properties Market Trends and Statistics

Explore 867 multifamily properties for sale in Tennessee, showcased through 867 active listings on our real estate platform. These investment opportunities span a total of 5,355,603 square feet of properties for sale, with an estimated market value of $660,701,678.

Sale prices for multifamily properties in Tennessee start at $30,000, averaging $986,121, and reaching up to $23,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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