$395,000

304 Chambers St McMinnville, TN 37110

Estimated payment $2,241/month

-- Bed
-- Bath
3,480 Sq Ft
$114 Price per Sq Ft

Highlights

  • Wood Flooring
  • Cooling Available
  • Wood Siding
  • No HOA
  • Ceiling Fan
  • 5-minute walk to Riverfront Park

About This Home

28,166 NOI - 7.1 Cap Current | 41.4k NOI - 10 cap Proforma. Here’s an opportunity to capture a solid quadplex in a solid, quiet neighborhood in the growing McMinnville Market. With new windows, metal roofs, and some recent interior updates already taken care of, this is a light managerial value-add with great upsides. Each unit is a 2bd/1ba with approximately 870sf in each unit, and a washer/dryer hookup is available in each unit. Separate Electric & Master Water. 2 Annual leases and 2 M2M leases, currently. Great addition to a portfolio owner or a newer investor looking to get into multifamily investments with a smaller barrier of entry.

Listing Agent

Albert Drake

Residential Investment Advisors Brokerage Phone: 6152819395 License #358686 Listed on: 12/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,959

Year Built

  • Built in 1978

Home Design

  • Quadruplex
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,480 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Laminate

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • Hickory Creek Elementary School
  • Warren County Middle School
  • Warren County High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Rent includes water
  • Assessor Parcel Number 068K A 01700 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Orsborn Sub Subdivision

Building Details

  • Operating Expense $10,234
  • Gross Income $38,400
  • Net Operating Income $28,166

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,959

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1978
  • Inclusions: Appliances
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Wood, Laminate
  • Above Grade Finished Sq Ft: 3480
  • Building Area Units: Square Feet
  • Living Area: 3480
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Frame, Wood Siding
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No
  • Open Parking Spaces: 8
  • Parking Features: Concrete, Parking Lot
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: R1
  • Lot Size: 211X128 IRR
  • Lot Size Units: Acres
  • Parcel #: 068K A 01700 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Water
  • HOA Rent Includes: Water
  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 38400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 28166
  • Number Of Units Total: 4
  • Annual Operating Expense: 10234
  • Total Actual Rent: 3200

Tax Info

  • Tax Annual Amount: 1959

MLS Schools

  • Elementary School: Hickory Creek School
  • High School: Warren County High School
  • Middle Or Junior School: Warren County Middle School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 For Sale $395,000 -- $114 / Sq Ft
Source: Realtracs

Source: Realtracs

MLS Number: 3061309

Realtracs