Multi Family Homes For Sale In Smoky Mountain - Smoky Mountain TN Real Estate

Building A has 6 units in the building. The 2 end units are each 3 bed 2.5 baths 1504 sq. ft. The 4 interior units are 2 bed 2.5 baths at 1154 sq. ft. All units have LVT flooring through main level. Granite counter tops. 9 foot ceilings. HOA maintains the exterior lawncare, landscaping, parking lot. Seller is also selling Building E in this complex.

550 Peachers Mill Rd, Clarksville

$680,000

3248534 MLS ⋅ ACTIVE Status

Historical duplex, has been updated, close to bus lines and stores/restaurants.

1114 Sharpe Ave, Nashville

$4,700,000

3248404 MLS ⋅ ACTIVE Status

Don't miss this absolutely stunning 20 bedroom, 12 full and 8 half bath cluster of four homes with some of Nashville's most incredible downtown views! These properties are only 9 minutes from Broadway and feature professional interior design, glistening hardwoods throughout, a fireplace in the living room, an oversized kitchen island like you've never seen before, two rear porches for outdoor entertaining on each home, a 6-foot privacy fence for your pups, built-in closets and shelving throughout, upgraded tile and countertops, a rare one-car garage per home, additional off-street parking, and wonderful natural lighting. Additionally, these homes are located within walking distance to the new pedestrian bridge connecting the East Bank to Germantown inside the Oracle development and just a few more minutes away from the new Titan's Stadium - grab these homes now before the area explodes with growth! These homes can be sold fully furnished as individual properties, sold as a set of two connected units, or as a cluster of all four side-by-side units like this listing creating a truly rare and unique STR opportunity in Nashville! STR management is actively in place so expect to walk into these with a fully booked guest calendar!

24 Fern Ave, Nashville

$2,350,000

3248399 MLS ⋅ ACTIVE Status

Don't miss this absolutely stunning 10 bedroom, 6 full and 4 half bath cluster of two homes with some of Nashville's most incredible downtown views! These properties are only 9 minutes from Broadway and feature professional interior design, glistening hardwoods throughout, a fireplace in the living room, an oversized kitchen island like you've never seen before, two rear porches for outdoor entertaining on each home, a 6-foot privacy fence for your pups, built-in closets and shelving throughout, upgraded tile and countertops, a rare one-car garage per home, additional off-street parking, and wonderful natural lighting. Additionally, these homes are located within walking distance to the new pedestrian bridge connecting the East Bank to Germantown inside the Oracle development and just a few more minutes away from the new Titan's Stadium - grab these homes now before the area explodes with growth! These homes can be sold fully furnished as individual properties, sold as a set of two connected units like this listing, or as a cluster of all four side-by-side units creating a truly unique STR opportunity in Nashville! STR management is actively in place so expect to walk into these with a fully booked guest calendar!

22 Fern Ave, Nashville

$2,350,000

3248375 MLS ⋅ ACTIVE Status

Don't miss this absolutely stunning 10 bedroom, 6 full and 4 half bath cluster of two homes with some of Nashville's most incredible downtown views! These properties are only 9 minutes from Broadway and feature professional interior design, glistening hardwoods throughout, a fireplace in the living room, an oversized kitchen island like you've never seen before, two rear porches for outdoor entertaining on each home, a 6-foot privacy fence for your pups, built-in closets and shelving throughout, upgraded tile and countertops, a rare one-car garage per home, additional off-street parking, and wonderful natural lighting. Additionally, these homes are located within walking distance to the new pedestrian bridge connecting the East Bank to Germantown inside the Oracle development and just a few more minutes away from the new Titan's Stadium - grab these homes now before the area explodes with growth! These homes can be sold fully furnished as individual properties, sold as a set of two connected units like this listing, or as a cluster of all four side-by-side units creating a truly unique STR opportunity in Nashville! STR management is actively in place so expect to walk into these with a fully booked guest calendar!

20 Fern Ave, Nashville

$99,000

3247739 MLS ⋅ ACTIVE UNDER CONTRACT Status

Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses. This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.

5213 Austin Peay Hwy, Westmoreland

$522,000

3246954 MLS ⋅ ACTIVE Status

Investment opportunity in a prime Antioch location! This well-maintained renovated duplex offers immediate income potential with one unit occupied and one unit vacant for owner-occupancy or lease-up. Unit A is currently leased on a month-to-month basis at $1,750 per month, while Unit B is vacant and available for showings. Both units feature separately metered utilities, providing convenience for owners and tenants alike. Whether you’re looking to expand your investment portfolio or house hack by living in one unit while collecting rental income from the other, this property offers flexibility and strong potential. Up to 1% lender credit on the loan amount when buyer uses Seller's Preferred Lender.

143 Old Tusculum Rd, Antioch

$475,000

3246536 MLS ⋅ ACTIVE Status

Duplex on One Acre Near BNA. Situated on a one-acre lot just moments from the Nashville International Airport, this unique duplex offers a blend of residential flexibility and high-impact commercial potential. Whether you are looking for a strategic investment or a creative live-work solution, this property is a blank canvas in a prime location. The property has been well maintained. Roof & gutters 2023. The property is currently zoned CS (Commercial Services), opening the door to an array of versatile uses. Imagine transforming this space into a boutique retail shop, a financial services hub, a hair salon, or even utilizing the acreage for light manufacturing, small warehouse needs, or self-storage. With a Land Use Policy of District Industrial and Conservation, there is also potential for site-specific zoning to accommodate s a small professional or construction office suites—a sector currently seeing a supply shortage across the city. The strategic location is a major draw for businesses requiring quick airport access. On the street some neighboring properties have successfully converted into high-demand uses like airport parking. For the savvy investor, the potential for Non-Owner Occupied Short-Term Rentals (NOO STRs) adds another potential, though all specific uses should be verified with local zoning authorities. For the owner-occupant entrepreneur: live in one side of the duplex while running your business out of the other, all while sitting on an acre of land that provides plenty of room to grow. The property currently has residential tenants, providing immediate utility while you finalize your long-term vision. Don’t miss the chance to secure a foothold in one of Nashville’s most accessible corridors. Explore the possibilities and bring your business dreams to life. Please do not disturb tenants. Thank you.

425 Ezell Pike, Nashville

$235,900

3246133 MLS ⋅ ACTIVE Status

Don't miss this unique triplex investment opportunity featuring units located at 115 Sarah Street, 117 Sarah Street, and 310 Braden Street. The property consists of two 2-bedroom units and one 1-bedroom unit, offering excellent income-producing potential for investors looking to add value and build equity. Currently, the 1-bedroom unit at 310 Braden Street is occupied, providing immediate rental income, while the two 2-bedroom units on Sarah Street are vacant and ready for renovation, updates, or tenant placement. This property will require TLC and is being sold As-Is, making it an ideal project for investors, flippers, or landlords seeking a value-add opportunity. The property is located within a flood zone. Buyers obtaining financing should be aware that flood insurance will likely be required by their lender.

310 Braden St, Hopkinsville

$700,000

3245929 MLS ⋅ ACTIVE Status

**PRICE IMPROVEMENT! INVESTMENT OPPORTUNITY!** Looking to grow your investment portfolio? This income-producing quadplex is conveniently located just minutes from Fort Campbell, I-24, shopping, dining, and major employers! Each of the four spacious units features 2 bedrooms, 2.5 bathrooms, and approximately 1,050 square feet of living space with functional layouts designed for comfortable living. Each unit includes a washer and dryer, with water, lawn care, and trash service provided. **All four units are currently leased**, offering immediate rental income from day one! Whether you're a seasoned investor looking to expand your portfolio or just getting started in multifamily investing, this property offers an opportunity in the growing Clarksville market. **Don't miss your chance to add this quadplex to your investment portfolio!** Please do not disturb tenants.

1763 Spring Water Dr, Clarksville

$549,900

3245925 MLS ⋅ ACTIVE Status

Don’t miss this excellent opportunity to add an income-producing fourplex to your investment portfolio. This multifamily property features four units, with three currently occupied and generating rental income. One vacant unit is available for viewing and is currently being marketed for rent. The property also includes space beneath the building that may be used for storage or potentially converted into an additional unit, subject to zoning, permitting, and buyer verification. Please do not disturb the tenants. No showings of occupied units will be permitted without an executed purchase contract. The vacant unit may be shown to qualified buyers and agents until it is leased. Whether you are a seasoned investor looking to expand your portfolio or a buyer seeking a multifamily property with income-producing potential, 1244 Parkway Place deserves your attention.

1244 Parkway Pl, Clarksville

$475,000

3245827 MLS ⋅ ACTIVE Status

Incredible investment opportunity just minutes from Downtown Nashville. This beautifully renovated duplex is ready for immediate occupancy, offering you the perfect chance to live on one side while generating rental income from the other. With both units currently vacant, you can move in and start earning right away or investor seeking a turnkey asset, this duplex delivers flexibility and value. Items that have been updated on both units include: The newly installed HVAC units feature a new WiFi thermostat and drain line safety switch, and both units have been freshly painted. The kitchen features all new appliances, a new sink and faucet, as well as granite countertops and cabinets. Freshly renovated bathrooms with new fixtures. The baseboards, flooring, and door knobs are all brand-new. New light fixtures, smoke detectors, and outlets. All fascia, gutters, exterior siding, and trim are brand-new. A privacy wall divides the new decks. Windows are two years old, while roof shingles are eight years old.

202 Wheeler Ave, Nashville

$410,000

3245355 MLS ⋅ ACTIVE Status

Fantastic investment opportunity in the heart of Hermitage! This all-brick duplex offers two spacious 2-bedroom, 1-bath units and is conveniently located just minutes from Nashville International Airport, downtown Nashville, shopping, restaurants, and major interstates. Newer roof, newer gutters, newer garage doors, and updated luxury vinyl plank flooring in one unit. Situated on a large lot with a private, tree-lined backyard, the property also features approximately 1,300 square feet of basement and garage space, providing abundant storage and added functionality. Separate utility meters for each unit. Whether you're looking to add to your investment portfolio or occupy one side while generating rental income from the other, this property offers tremendous potential in a highly desirable location. Owner Occupants - Free one buy down through preferred lender!

698 Frankfort Dr, Hermitage

$439,900

3244968 MLS ⋅ ACTIVE Status

INCOME-PRODUCING INVESTMENT OPPORTUNITY! Sale includes a QUADPLEX, DUPLEX, AND AN ADDITIONAL LOT located at 15030 and 15076 Highway 49 W. Offering a total of 6 RENTAL UNITS, this property presents an excellent opportunity for investors looking to expand their portfolio. The quadplex consists of four 1 BEDROOM, 1 BATHROOM units and is ZONED COMMERCIAL. The duplex includes one 2 BEDROOM, 1 BATHROOM unit and one 1 BEDROOM, 1 BATHROOM unit and is ZONED RESIDENTIAL. Recent improvements include Unit 2 in the quadplex with NEW FLOORING, NEW CABINETS, NEW COUNTERTOPS, AND NEW REFRIGERATOR. Unit 4 features NEW FLOORING and a NEWER REFRIGERATOR. The quadplex roof is approximately 5 YEARS OLD. All units are currently occupied. Tenants have completed their initial lease terms and are currently MONTH-TO-MONTH. SECURITY DEPOSITS ARE IN PLACE, and each unit has its own SEPARATE ELECTRIC METER. Current rental income totals approximately $5,450 PER MONTH, with the duplex generating $1,850 PER MONTH and the quadplex generating $3,600 PER MONTH ($900 per unit). SELLER CURRENTLY PAYS UTILITIES, which are reported to be reasonable. Conveniently located LESS THAN 20 MINUTES FROM DOWNTOWN ERIN, this fully occupied property offers immediate cash flow and is ready for its new owner. Opportunities to purchase 6 INCOME-PRODUCING UNITS, AN ADDITIONAL LOT, AND BOTH COMMERCIAL AND RESIDENTIAL ZONING in one package are hard to find. Whether you’re looking to grow your portfolio or add a strong-performing asset to your investment holdings, this property checks all the boxes.

15030 Hwy 49, Vanleer

$589,000

3244553 MLS ⋅ ACTIVE Status

NEW ROOF in 2025!! One big ticket item off your plate. Excellent investment opportunity with this well-maintained quadplex offering immediate income potential and room for growth. Currently 50% occupied, this property provides investors the advantage of existing rental income while presenting an opportunity to increase cash flow by leasing the remaining unit. Each of the four units features a desirable 2-bedroom, 1.5-bath floor plan designed to attract and retain tenants. Residents enjoy spacious living areas, functional eat-in kitchens, and thoughtfully designed layouts that support comfortable everyday living. The property has been consistently maintained, minimizing deferred maintenance concerns and making it a strong addition to any investment portfolio. Additional tenant-friendly amenities include trash service and lawn care included, helping simplify utility management and enhance tenant appeal. The property has also remained pet-free, contributing to its well-kept condition. Whether you're looking to expand your portfolio or acquire a multi-family property with stable income potential, this quadplex offers an attractive combination of occupancy, functionality, and long-term investment value. Don't miss the opportunity to own a quality income-producing property with upside potential.

371 Peabody Dr, Clarksville

$575,000

3243729 MLS ⋅ ACTIVE Status

Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 7-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly. Highlights: - Seven fully renovated units across two buildings, thoughtfully updated for durability and market appeal. - Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays. - Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts. - Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services. - Investment-friendly pricing designed to facilitate a smooth transaction and fast close. Why this works for investors: - Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs. - Recent renovations reduce near-term capex and lower maintenance headaches. - Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access. This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.

508 E Central Ave, La Follette

$549,900

3243400 MLS ⋅ ACTIVE Status

Investment opportunity meets modern living in the heart of Fayetteville! Built in 2023, this exceptional triplex offers the perfect blend of immediate cash flow and owner-occupant flexibility. Whether you're looking to expand your real estate portfolio or take advantage of a house-hacking opportunity, this property delivers. One unit is vacant and move-in ready, allowing you to live on-site while generating rental income from the two occupied units - or lease the third unit and maximize your returns from day one. Each of the three units features approximately 1,100 square feet of thoughtfully designed living space with 3 bedrooms and 2 bathrooms. All appliances remain, including the stove, microwave, refrigerator, and washer/dryer combo, making this a truly turnkey investment. Situated on a 0.24-acre lot, each unit enjoys access to green space in the backyard, providing tenants and owners alike with room to relax and enjoy the outdoors. Convenience is key, with two dedicated driveway parking spaces per unit and a prime location within walking distance of downtown Fayetteville, schools, parks, shopping, dining, and everyday amenities. Only 45 minutes to Huntsville, Tullahoma, NASA Marshall Space Flight Center and Arnold AFB. Opportunities to own a newer construction multi-family property with established rental income and owner-occupant potential are incredibly rare. Don't miss your chance to own this modern, income-producing triplex in one of Fayetteville's most desirable locations! **Special Financing** 3.5% FHA or 5% Conventional Down payment minimum requirements are available while having tenant occupied units contribute toward your DTI as Qualifying Income. Have tenants pay your mortgage while building equity, and still have a private 3 bed 2 bath home. DSCR and Other Investment Loans are also available. See listing agent for details!

406 Hedgemont Ave, Fayetteville

$700,000

3243081 MLS ⋅ ACTIVE Status

Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied

1242 Ladd Springs Rd Se, Cleveland

$775,000

3243026 MLS ⋅ ACTIVE Status

Seize a premier investment opportunity in the heart of Clarksville with this meticulously maintained 6 unit townhouse complex. Big ticket items have already been crossed off your worry list. A brand new roof was installed in 2022, providing a crisp look and solid protection for years to come. Two HVAC units have recently been replaced with new HVAC systems, one in 2023 and the most recent in 2026. Located on a prominent corner lot within the established Oak Arbor subdivision, 5 Blackjack Way offers a robust addition to any portfolio, boasting a reported NOI of $59,400 and a design centered on long term tenant appeal. Built in 2009, this 5,850 square foot multi family property consists of six townhome style units, each offering approximately 975 square feet of living space. The interiors are designed for durability and comfort, featuring a practical mix of carpet, tile, and vinyl flooring. Every unit comes fully equipped with a comprehensive appliance package including a refrigerator, oven/range, microwave, and dishwasher along with the added convenience of an in unit washer and dryer. Residents also benefit from private, attached outdoor storage, a highly sought-after feature that sets this property apart. The location is a major driver for consistent occupancy. Situated with easy access to both Exits 1 and 4, the property is positioned near major employment hubs and local staples, including Fort Campbell and Austin Peay State University. A wealth of shopping and dining options are just minutes away, ensuring the area remains a top choice for those seeking a well connected lifestyle. With ample parking on site and a turn key infrastructure, this property is primed for the investor looking for stability and performance in one of Tennessee’s most dynamic markets. Unit D is vacant and available for viewings.

5 Black Jack Way, Clarksville

$374,900

3232179 MLS ⋅ ACTIVE Status

Great opportunity to own an income-producing duplex in the growing Madison submarket of Nashville! Located at 705-707 Neelys Bend Rd, this property offers immediate upside with one unit currently rented thru 5/21/27 paying $1,125/mo. while the other side is occupied on a month-to-month lease at $995/month (under market), creating flexibility for investors or owner-occupants. The property provides strong potential for increased cash flow through rental adjustments, updates, or long-term hold appreciation as Madison continues to see steady redevelopment and investment activity. Conveniently positioned near Ellington Parkway, Rivergate, and downtown Nashville, the location offers easy access to shopping, restaurants, parks, and major commuter routes. Duplex properties with built-in income and value-add potential remain in high demand throughout the Nashville market. Whether you’re looking to expand your rental portfolio, house hack with one side vacant, or secure a stable investment in a growing area, this property presents multiple opportunities. Strong rental demand and continued neighborhood growth make this an attractive addition for both seasoned and first-time investors alike. Property being sold as-is.

705 Neelys Bend Rd, Madison

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Multi Family Homes for Sale in Smoky Mountain TN

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