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

Home has never been used for rental, but could easily live in one side and rent the other side, or rent both sides! This truly unique property offers two completely private living areas, thoughtfully separated by two attached garages, making it ideal for multi-generational living, extended family, guests, or a variety of lifestyle needs. The primary residence features hardwood flooring in the living room, highlighted by a fireplace and vaulted ceiling. The spacious eat-in kitchen offers granite countertops, beautiful wood cabinetry, and ample workspace with lots of natural light. The primary suite includes hardwood flooring and an elegant tray ceiling, while the primary bath showcases a stunning custom shower that is a must-see. The secondary living quarters provide exceptional flexibility, featuring a large living room, a full kitchen, one bedroom with a closet, and two additional spacious rooms that can be utilized as offices, hobby rooms, guest accommodations, or according to your needs. The oversized bathroom includes a double vanity, separate tub and shower, and the living area is finished with durable LVT flooring throughout. A large utility room with an adjoining half bath adds even more convenience. Situated on a beautiful 2-acre tract, the property also features a fenced backyard and outdoor enjoyment. An existing handicap-accessible ramp may be removed if desired. This one-of-a-kind property combines versatility, comfort, and functionality in a peaceful setting.

1010 Jacobs Valley Rd, Joelton

$295,000

3231172 MLS ⋅ ACTIVE Status

Welcome to 2103 S Virginia St in Hopkinsville, KY, a unique investment opportunity featuring a charming historic multi unit property. Nestled among mature trees, this property offers character, curb appeal, and strong income potential in a convenient location. The home is currently configured as three units, including two one bedroom, one bath units and one two bedroom, one bath unit. Each unit offers functional living space with natural light and a comfortable layout, making it appealing for both short and long term tenants. The property has a proven track record as a profitable short term rental, making it an excellent option for investors seeking immediate income. The historic character combined with the peaceful setting creates an inviting atmosphere for guests and residents alike. Mature trees provide shade and enhance the overall appeal of the property. This property also offers added value and flexibility, as it can be purchased together with 1903 S Main Street.

2103 S Virginia St, Hopkinsville

$339,900

3228837 MLS ⋅ ACTIVE Status

Why buy when you can rent?? Why rent when you can buy?? Why not BOTH!! Welcome to 111 2nd Ave, Carthage, TN 37030 - a brand-new duplex offering the perfect blend of modern finishes, income potential, and long-term investment value. Whether you're looking to expand your rental portfolio or live in one unit while generating income from the other, this property checks all the boxes. Each unit features 2 bedrooms, 1 full bath, an open-concept living and kitchen area, stained concrete floors, butcher block countertops, and stainless steel kitchen appliances. The low-maintenance finishes provide durability and style, making these units attractive to both homeowners and tenants alike. Conveniently located close to local schools, shopping, and downtown Carthage amenities, this property offers strong rental appeal and excellent long-term potential. New construction means lower maintenance costs and peace of mind for years to come. Property Highlights: * Brand New Construction Duplex * Two Units - Each Featuring 2 Bedrooms & 1 Bath * Open Floor Plans * Stained Concrete Floors Throughout * Butcher Block Countertops * Stainless Steel Kitchen Appliances Included * Low-Maintenance Exterior * Dedicated Laundry Areas * Close to Schools and Town Amenities * Excellent House-Hack Opportunity - Live in One Unit and Rent the Other * Ideal Addition to an Investment Portfolio * Strong Long-Term Rental Potential Don't miss this opportunity to own a turnkey multifamily property in the growing Carthage market. Schedule your showing today and start building equity while creating income from day one!

111 Second Ave, Carthage

$1,750,000

3225765 MLS ⋅ ACTIVE Status

Welcome to Bear Hollow Retreat — a rare opportunity to own a fully operational, turn-key hospitality and event destination designed for unforgettable experiences and long-term growth. Nestled in a scenic setting on 2.8 acres, this unique property features 16 thoughtfully designed tiny cottages, 6 hotel-style suites, a stunning event venue known as The Barn, and an additional buildable lot, creating endless potential for weddings, retreats, short-term rentals, corporate events, group lodging, expansion, and more. At the heart of the property sits The Barn, a beautifully crafted 4,808 sq. ft. event space with striking curb appeal, warm wood finishes, and a welcoming outdoor gathering area. Inside, guests are greeted by soaring vaulted wood ceilings, recessed lighting, and a custom chandelier that creates an atmosphere both elevated and inviting. The grand hall includes a stage with connected dressing rooms, making it ideal for weddings, concerts, private events, and entertainment. A full commercial kitchen complete with cold storage and a large commercial hood offers the infrastructure needed to host events of virtually any scale. The cottages and suites are centered around a charming community space surrounded by mature trees, fire pits, grilling areas, and covered pavilions that encourage guests to gather and unwind. A privacy fence encloses the property while helping reduce outside noise, creating a peaceful retreat atmosphere guests will want to return to again and again. Positioned along a highly visible corridor with exposure to more than 6,000 cars daily, Bear Hollow Retreat also benefits from exceptional local recognition and strong future marketing potential. With increasing demand for experiential lodging, weddings, retreats, and group accommodations in the area, this property offers an exceptional opportunity for investors, operators, or entrepreneurs looking to expand into one of the fastest-growing sectors of hospitality.

11845 Us 41, Monteagle

$410,000

3225717 MLS ⋅ ACTIVE Status

Great investment opportunity in a prime NATIONS NEIGHBORHOOD location! This income-producing duplex sits on a spacious lot, with each unit offering 2 bedrooms and 1 full bath. (Front Unit A & B) is currently rented - both can be rented for $1,500+ a/ month. This home provides an excellent opportunity to add value, but is perfectly comfortable to occupy immediately. Don’t miss your opportunity to add a long-term, equity building asset to your portfolio. INVESTORS SPECIAL!! Easy Add to your investment portfolio, or First - Time Homebuyer Purchase and rent out the other unit

531 Eastboro Dr, Nashville

$464,900

3225010 MLS ⋅ ACTIVE Status

Rare opportunity to own an income-producing duplex with significant redevelopment upside in one of Nashville’s rapidly appreciating neighborhoods! Located at 1115 A & B Campbell St, this property offers immediate rental income with one side currently leased at $1,100/month on a month-to-month basis, while the vacant unit was previously rented for $1,595/month, creating flexibility for an owner-occupant or investor. The true value may be in the land, as the lot has the potential to be split into two separate parcels for future development opportunities. Surrounded by ongoing revitalization and new construction, this area continues to attract builders, investors, and buyers seeking close proximity to downtown Nashville and East Nashville hotspots. Whether you’re looking for passive income today, a long-term hold with appreciation potential, or a redevelopment project, this property offers multiple exit strategies. Conveniently located near restaurants, entertainment, major interstates, and all the growth Nashville has to offer. Opportunities with both current cash flow and future development potential are becoming increasingly difficult to find in this location. Property being sold as-is.

1115 Campbell St, Nashville

$950,000

3223149 MLS ⋅ ACTIVE Status

Exceptional Value Add Investment Opportunity! This property features two full-brick buildings, each offering 4 single-level units for a total of 8 income-producing rentals. Most units have been thoughtfully renovated with premium vinyl flooring, updated appliances, modern lighting, and fresh paint. Seven of the eight HVAC systems have been recently replaced, minimizing future maintenance costs. Nestled in a quiet, tree-lined setting yet conveniently located near shopping and dining, this location offers the ideal blend of privacy and accessibility for tenants. Current rents are below market, presenting immediate upside potential for increased rental income.

470 Martha Ln, Clarksville

$965,000

3221294 MLS ⋅ ACTIVE Status

Offered at $965,000, Exceptional investment opportunity featuring two adjacent properties on Glenwood Drive. 916 offers a fully developed four unit multi-family building with immediate income potential. 920 features a single finished unit, alongside a spacious 2,000 sq ft, 8-bed/2-bath unit awaiting renovation Combined, these properties showcase strong cash flow and significant development upside in a desirable location.

916920 Glenwood Dr, Chattanooga

$285,000

3217777 MLS ⋅ ACTIVE Status

Quadplex with great proximity to downtown Manchester, TN. The two bottom floor units are leased, the top two units are empty, and need remodeling.

201 E Mclean St, Manchester

$1,299,900

3215187 MLS ⋅ ACTIVE UNDER CONTRACT Status

Rare opportunity to acquire a turnkey 5-unit townhome complex in a rapidly growing market near Cumberland University and Lebanon's Historic Square, and less than 1 mile to I 40 and 30 min from Nashville's International Airport. All five units offer highly desirable 3 bed / 2.5 bath floorplans with private patios, designed to attract and retain long-term tenants. Interiors feature eat-in kitchens with built-in desk areas, large pantries, and abundant storage closets—plus spacious primary suites with double closets. Durable finishes including LVP flooring, tile baths, granite countertops, and oversized dedicated laundry rooms help minimize turnover and are designed for low maintenance and lasting value. Operational efficiency is a standout: no HOA fees, no dumpster expense, and 10 dedicated parking spaces. A low-maintenance asset with solid fundamentals—perfect for investors seeking stable cash flow with minimal overhead. All kitchen appliances convey, making this a true turnkey addition to any portfolio. Prime location supports continued rent growth and long-term appreciation. Buyer/buyer's agent to verify all pertinent information.

935 Bluebird Rd, Lebanon

$279,000

3213588 MLS ⋅ ACTIVE Status

This triplex offers a straightforward opportunity to acquire a cash-flowing asset in a high-demand rental pocket. Situated on a quiet roundabout road just off W Crest Rd, the property sits right at the base of Missionary Ridge, offering a prime location for tenants commuting between North Georgia and Chattanooga. Functional Updates: Recent interior work has been completed to keep the units move-in ready and rentable. Strategic Location: Located near the state line, providing easy access to local amenities and employment hubs. Two of the three units are occupied. Upper unit is vacant. Owner pays water, sewer, taxes, and insurance. Insurance is $1,500 per year. Top Unit Rent $1200 Middle Unit Rent $1000 Basement Unit Rent $700

4 Battery Dr, Rossville

$990,000

3206958 MLS ⋅ ACTIVE Status

RARE FIND in downtown Franklin! Brick exterior, excellent large lot, steps away from Main Street!

111 7th Ave N, Franklin

$3,950,000

3205945 MLS ⋅ ACTIVE UNDER CONTRACT Status

Exceptional opportunity to acquire a 45-unit multifamily investment property in the rapidly growing Clarksville market, just minutes from Fort Campbell, Austin Peay State University, shopping, dining, and major commuter routes. Situated on approximately 2.6 acres, this diverse multifamily asset offers an attractive mix of unit types including 23 studio units, 7 one-bedroom/one bathroom units, 3 two-bedroom/one full bathroom/one half bathroom townhome-style units, 10 two-bedroom/two bathroom units and 2 spacious three-bedroom/two full bathroom/one half bathroom units. Unit sizes range from approximately 298 square feet to nearly 1,600 square feet, allowing the property to appeal to a wide variety of tenants and rental price points. The property consists of multiple residential-style buildings constructed between 1988 and 2013 and features a combination of apartment and townhome-style living. Community amenities and property features include patios, decks, ample parking, public utilities, and a well-positioned location within an established multifamily corridor. With more than 32,000 square feet of improvements and R-4 multifamily zoning, this property presents a compelling investment opportunity for buyers seeking scale, strong rental demand, and long-term upside in one of Middle Tennessee’s fastest-growing rental markets. Convenient access to Fort Campbell and major employment corridors continues to support consistent occupancy and tenant demand in the area. Additionally, the site offers future value-add potential through community-oriented improvements such as dog parks, playground areas, outdoor gathering spaces, picnic or grilling areas, and a community pavilion concept designed to further enhance tenant experience and long-term asset value. PLEASE DO NOT DISTURB TENANTS. Co-listed with Pat Cosgrove of Marcus & Millichap.

162 Condor Ct, Clarksville

$2,750,000

3203471 MLS ⋅ ACTIVE UNDER CONTRACT Status

26 unit multifamily investment opportunity located just minutes from Fort Campbell in one of Clarksville’s strongest rental corridors. This apartment community offers highly desirable 2-bedroom floor plans designed for practical everyday living with functional layouts, spacious bathrooms featuring wall-to-wall vanities, washer and dryer connections, shower/tub combinations, and pet-friendly accommodations that continue to attract long-term tenant demand. The property’s location provides convenient access to Fort Campbell, major commuting routes, shopping, dining, and everyday amenities, making it an attractive option for both military and civilian tenants alike. Current leasing strategies include flexible 6-month lease options, promotional incentives, and strong occupancy appeal, creating an opportunity for continued revenue growth and tenant retention. This asset presents an excellent opportunity for investors seeking stabilized income with additional upside potential through operational improvements, rental growth, or future amenity enhancements such as the addition of a dog park, playground, outdoor gathering spaces, or other tenant-focused features designed to further increase resident satisfaction and long-term retention. The combination of affordability, functionality, and location creates consistent rental demand in a market that continues to experience strong population and employment growth. Whether expanding an existing portfolio or entering the Clarksville multifamily market, this property offers a compelling mix of cash flow potential, tenant appeal, and long-term investment stability in a rapidly growing area near the Tennessee/Kentucky border. Financial documents, rent rolls, and additional investment information will be updated monthly. Contact listing agent for access to financials, operating information, and showing procedures. PLEASE DO NOT BOTHER TENANTS. Co-listed with Pat Cosgrove of Marcus and Millichap.

155 Jack Miller Blvd, Clarksville

$2,350,000

3200991 MLS ⋅ ACTIVE UNDER CONTRACT Status

Exceptional opportunity to acquire a fully occupied 16-unit multifamily community in a high-demand rental corridor near Fort Campbell and the Kentucky state line. This stabilized asset offers consistent cash flow potential with all units featuring spacious 3-bedroom, 2-bathroom floor plans averaging approximately 1,400 square feet with an upstairs/downstairs townhome design for long-term tenant appeal and functionality. Current rental rates range from $1,200 to $1,379 per month, providing immediate income with additional upside potential for future investors. The property’s location offers strong rental demand due to convenient access to Fort Campbell, major commuting routes, shopping, dining, and surrounding employment centers. Each residence offers the size and feel of a townhome-style layout, a highly desirable feature in today’s rental market. In addition to the existing performance of the asset, there is significant opportunity for a new owner to further enhance the community and make it their own through the addition of highly sought-after tenant amenities such as a dog park, playground, outdoor gathering spaces, or other value-add improvements that could further increase tenant retention and long-term revenue potential. The combination of occupancy and location creates a rare investment opportunity suitable for both seasoned investors and those looking to expand their multifamily portfolio in the rapidly growing Clarksville/Fort Campbell market. Financial documents, rent rolls, and additional investment information will be available beginning Monday. Contact listing agent for access to financials, operating information, and showing procedures. PLEASE DO NOT DISTURB TENANTS. Co-listed with Pat Cosgrove of Marcus and Millichap.

279b Harrier Ct, Clarksville

$599,900

3201002 MLS ⋅ ACTIVE Status

Five-unit, two-story all-brick townhome building in Knollwood Hills. 4,368 SF; all units 2 BR / 1.5 BA with washer and dryer included. Each unit is separately metered and tenants pay their own utilities. Currently 4 of 5 units leased at $825-$875/mo ($3,400/mo in place); the fifth unit is being re-leased, for $4,250/mo ($51,000/yr) at full occupancy. Recent capital improvements in Unit A: full HVAC replaced Nov 2025 and new water heater May 2025. Interiors in original condition, offering renovation upside. Professionally managed by PMI Clarksville. Zoned R-4, Flood Zone X. Minutes from Fort Campbell, Austin Peay State University and downtown Clarksville. Rent roll and operating statements available to qualified buyers. Buyer to verify all information.

1531 E Knollwood Cir, Clarksville

$870,000

3192372 MLS ⋅ ACTIVE Status

3 Town home units. Each unit is individually deeded and can be sold separately. Just Completed and Currently Vacant. Mariner’s Cove, a lakefront townhome community offering an incredible opportunity to live just steps from Old Hickory Lake and within walking distance to Gallatin Marina. Imagine being able to stroll from your front door to your boat in minutes — enjoying lake life without the luxury price tag. Thoughtfully designed 2-bedroom, 2.5 bath floor plans, offering a more efficient footprint without sacrificing style or function. The open-concept main level is perfect for everyday living and entertaining, with a seamless flow between the kitchen, dining, and living areas. Natural light fills the space, highlighting the modern finishes and inviting layout. The kitchen is a true standout with bright white cabinetry, granite countertops, stainless steel appliances, and a stylish tile backsplash. A large center island provides additional prep space and seating, making it the perfect gathering spot for guests or casual meals. Durable luxury vinyl plank flooring runs throughout the main living areas, offering both beauty and easy maintenance. Upstairs, both bedrooms are generously sized and thoughtfully positioned for privacy, each with access to its own full bath. The primary suite provides a peaceful retreat after a day on the water, while the secondary bedroom is ideal for guests, a roommate, or a home office. A convenient half bath is located on the main level for visitors. Step outside to your covered back patio, the perfect place to unwind with morning coffee or relax in the evenings after a sunset cruise. With low-maintenance living, you’ll have more time to enjoy everything this vibrant lake community has to offer. Located just north of Nashville, Mariner’s Cove offers easy access to restaurants, shopping, and everyday conven

1136 Lck 4th Rd, Gallatin

$459,900

3191298 MLS ⋅ ACTIVE Status

(4 BEDROOMS AND 4 FULL BATHS) Excellent investment opportunity with this brand‑new construction duplex, conveniently located near the UT Southern campus. Each unit offers approximately 1,100 square feet of modern living space, featuring 2 bedrooms and 2 full bathrooms with an open‑concept layout designed for comfort and functionality. Situated in a strong rental demand area, this property presents immediate income potential and minimal maintenance. A true turnkey asset, ideal for investors seeking a reliable addition to their portfolio. Both units are independently metered and designed for privacy, enhancing long‑term rental appeal and operational efficiency. Seller may consider owner financing with acceptable terms. All financing subject to seller approval.

402 N 3rd St, Pulaski

$245,000

3190516 MLS ⋅ ACTIVE Status

Great duplex in perfect location...convenient to Tims Ford lake, Twin Creeks marina and downtown Winchester! One side had an extensive overhaul in 2025. Both sides are currently rented at 975.00 each. Great return on your money! Allow 24hr showing notice to alert tenants.

810 N High St, Winchester

$799,000

3190098 MLS ⋅ ACTIVE Status

Introducing this beautifully constructed all-brick quadplex, designed with comfort and style in mind. Each unit features 2 bedrooms and 2 full baths, including a spacious primary suite with a walk-in tile shower, walk-in closet, and granite countertops throughout. Enjoy luxury vinyl plank (LVP) flooring in every room and a sleek kitchen outfitted with stainless steel appliances—range, microwave, refrigerator, and dishwasher included. Step out onto your private patio and take in the view of a large backyard enclosed by a privacy fence—perfect for relaxing or entertaining. Additional highlights: Concrete driveway & patios, Open concept layout, Modern finishes throughout. Don’t miss out on this turnkey investment opportunity or ideal low-maintenance living option! All units currently occupied. Call agent for appointment.

115 Freeman St, Tullahoma

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Multi Family Homes for Sale in Smoky Mountain TN

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