409 E Moore St Tullahoma, TN 37388
Estimated payment $2,811/month
Highlights
- No HOA
- Central Heating and Cooling System
- Property has 1 Level
- Tile Flooring
About This Home
Well-maintained quadplex offering immediate cash flow with all units currently leased. Three units rent at $900/month and are month-to-month, providing flexibility for rent increases or repositioning. One unit rents at $1,000/month with a lease in place through April 2026, delivering stable long-term income. Operating expenses are minimal, with lawn care as the only ongoing expense. Recent capital improvements reduce near-term maintenance and enhance value, including a new HVAC unit in Unit 415 (June 2024), new stove in Unit 415 (January 2025), and a new water heater in Unit 409 (June 2023). Strong in-place income, low overhead, and favorable lease structure make this an excellent opportunity for investors seeking a stabilized asset with upside potential. Do not disturb tenants. All showings are by appointment only—contact listing agent for showings.
Listing Agent
Southern Middle Realty Brokerage Phone: 9318085521 License #352318 Listed on: 02/03/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,864
Year Built
- Built in 1978
Parking
- Driveway
Home Design
- Quadruplex
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- 8 Bedrooms
- 3,600 Sq Ft Home
- Property has 1 Level
- Washer and Electric Dryer Hookup
Flooring
- Carpet
- Tile
- Vinyl
Schools
- East Lincoln Elementary School
- East Middle School
- Tullahoma High School
Additional Features
- Lot Dimensions are 150x190
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 124K D 01601 000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Operating Expense $1
- Gross Income $40,175
- Net Operating Income $40,174
Map
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,514 | $115,560 | $16,000 | $99,560 |
| 2024 | $4,514 | $115,560 | $16,000 | $99,560 |
| 2023 | $4,514 | $115,560 | $0 | $0 |
| 2022 | $4,633 | $115,560 | $16,000 | $99,560 |
| 2021 | $2,650 | $52,880 | $8,000 | $44,880 |
| 2020 | $2,650 | $52,880 | $8,000 | $44,880 |
| 2019 | $2,650 | $52,880 | $8,000 | $44,880 |
| 2018 | $2,650 | $52,880 | $8,000 | $44,880 |
| 2017 | $2,787 | $50,960 | $8,000 | $42,960 |
| 2016 | $2,788 | $50,960 | $8,000 | $42,960 |
| 2015 | $2,788 | $50,960 | $8,000 | $42,960 |
| 2014 | $2,787 | $50,941 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/19/2026 02/19/26 | Pending | -- | -- | -- | |
| 02/03/2026 02/03/26 | For Sale | $467,500 | +61.2% | $130 / Sq Ft | |
| 06/30/2021 06/30/21 | Sold | $290,000 | -3.3% | $81 / Sq Ft | View Prior Sale |
| 06/04/2021 06/04/21 | Pending | -- | -- | -- | |
| 05/05/2021 05/05/21 | For Sale | $299,900 | -- | $83 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $290,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $128,000 | -- | |
| Warranty Deed | $155,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $285,000 | Commercial | |
| Previous Owner | $108,800 | New Conventional |
Source: Realtracs
MLS Number: 3120465
APN: 124K-D-016.01
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Ask me questions while you tour the home.