530 Spencer Ave Gallatin, TN 37066
Estimated payment $1,799/month
Highlights
- No HOA
- Central Heating
- Carpet
- Cooling Available
About This Home
Multiple offers received. Please submit your highest and best offers with a minimum deadline of Sunday, 8/31, at 5:00 PM. Immediate Investment Opportunity! Multi-unit property in Gallatin! 530 Spencer Ave presents a rare opportunity to own three income-producing units across two homes, with long-term tenants already in place for more than three years each. The main house, originally built in 1920, is divided into two units. The lower unit, 530A, offers approximately 1,150 square feet with two bedrooms, one bathroom, a large living room, and a separate dining area. The upper unit, 530B includes one bedroom, one bathroom, and a bonus room. In addition to the main house, the property also features a detached single-family home at 213 Factory Street, estimated at around 800 square feet, which includes two bedrooms and one bathroom. Recent upgrades add to the appeal of this investment, with new roofs installed on all buildings in May 2021. The property benefits from a stable rental history, solid tenant base, and valuable multi-unit flexibility, offering both consistent cash flow and strong long-term appreciation potential. For investors seeking a property with proven performance, this is a unique opportunity to expand or start a rental portfolio in a desirable location. Up to 1% lender credit if buyer uses Seller's Preferred Lender.
Listing Agent
The Ashton Real Estate Group of RE/MAX Advantage Brokerage Phone: 6153011650 License #278725 Listed on: 08/26/2025
Co-Listing Agent
The Ashton Real Estate Group of RE/MAX Advantage Brokerage Phone: 6153011650 License #365952
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,020
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 75x150
Home Design
- Property Attached
- Vinyl Siding
Interior Spaces
- 6 Bedrooms
- 1,725 Sq Ft Home
- Property has 1 Level
Flooring
- Carpet
- Vinyl
Schools
- Guild Elementary School
- Rucker Stewart Middle School
- Gallatin Senior High School
Utilities
- Cooling Available
- Central Heating
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 126F M 00800 000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,472 | $103,560 | $28,000 | $75,560 |
| 2023 | $2,181 | $71,440 | $14,000 | $57,440 |
| 2022 | $2,188 | $71,440 | $14,000 | $57,440 |
| 2021 | $2,188 | $71,440 | $14,000 | $57,440 |
| 2020 | $2,188 | $71,440 | $14,000 | $57,440 |
| 2019 | $2,188 | $0 | $0 | $0 |
| 2018 | $1,788 | $0 | $0 | $0 |
| 2017 | $1,788 | $0 | $0 | $0 |
| 2016 | $1,281 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | For Sale | $300,000 | -- | $174 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $144,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $115,200 | Seller Take Back |
Source: Realtracs
MLS Number: 2981291
APN: 126F-M-008.00
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