212 End Ave, Dickson, TN 37055

This Dickson, Tennessee multifamily investment presents a compelling opportunity. The property, located at 212 West End Ave, comprises a two-building, four-unit quadplex totaling 2,856 square feet on a 0.25-acre lot. Built in 1929 and 1960, the property underwent significant renovations between 2021 and 2025, including updated HVAC systems and electrical improvements. The units, a mix of one- and two-bedroom apartments, boast updated market rents ranging from $900 to $1,300 per month. Currently operating at 75% occupancy, the property generates a current NOI of $34,462, representing a 6.28% cap rate. However, with one vacant unit actively marketed, the pro-forma NOI is projected at $44,928, resulting in an 8.18% pro-forma cap rate. The property is zoned R2 and offers a price per unit of $137,250 and a price per square foot of $192.23. This value-add investment opportunity is priced at $549,000 and presents significant potential for long-term growth and increased returns in the desirable Dickson, TN market. The property's blend of vintage charm and modern updates makes it an attractive option for discerning investors.