Estimated payment $4,387/month
Highlights
- Deck
- Wood Flooring
- Porch
- South Side Elementary School Rated A
- No HOA
- Built-In Features
About This Home
Turnkey. Timeless. Fully Leased.
Opportunities like this don't wait—and neither should you.
Located steps from everything downtown offers, and positioned squarely in the path of continued revitalization, this fully occupied 8-unit asset delivers what investors are chasing right now: character, stability, and immediate income.
Known locally as ''The Hive,'' this one-of-a-kind building offers eight distinct floor plans, ranging from one- and two-bedroom units—a rarity in a market flooded with cookie-cutter rentals. The craftsmanship of the era is unmistakable: exposed brick built-ins, vintage hardwood floors, and architectural details you simply cannot recreate today. This is authentic charm, not manufactured nostalgia.
From an operational standpoint, the property checks every box.
All units have heating and air, utilizing a blend of mini-splits and window units where appropriate. The building has been mostly updated, and the metal roof installed in 2020 provides peace of mind for years to come. This is not a value-add gamble—this is a turnkey performer.
Demand here isn't speculative—it's proven. Downtown proximity keeps this property insulated from market swings and positions it for long-term durability.
8 units. Fully leased. Prime location. Historic appeal. Modern updates.
Assets like this do not come to market often—and when they do, they move. Rent rolls and financials available upon request.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 7,405 Sq Ft Lot
- Lot Dimensions are 50 x 151
- Sloped Lot
- Property is in average condition
Parking
- Deeded Parking
Home Design
- Cluster Home
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- 2-Story Property
- Built-In Features
- Electric Range
Flooring
- Wood
- Concrete
Outdoor Features
- Deck
- Porch
Schools
- South Side Elementary School
- Indian Trail Middle School
- Science Hill High School
Utilities
- Window Unit Cooling System
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 054c J 005.00
- Tax Block 17
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 4 Units
- Tree Streets Subdivision
Building Details
- Gross Income $94,800
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 |
|---|---|---|---|---|
| 2025 | $3,249 | $190,000 | $10,520 | $179,480 |
| 2024 | $3,249 | $190,000 | $10,520 | $179,480 |
| 2023 | $3,135 | $145,800 | $0 | $0 |
| 2022 | $5,499 | $141,720 | $6,000 | $135,720 |
| 2021 | $3,956 | $101,960 | $5,960 | $96,000 |
| 2020 | $3,936 | $101,960 | $5,960 | $96,000 |
| 2019 | $1,743 | $101,960 | $5,960 | $96,000 |
| 2018 | $3,127 | $73,240 | $5,960 | $67,280 |
| 2017 | $3,127 | $73,240 | $5,960 | $67,280 |
| 2016 | $3,113 | $73,240 | $5,960 | $67,280 |
| 2015 | $2,820 | $73,240 | $5,960 | $67,280 |
| 2014 | $2,636 | $73,240 | $5,960 | $67,280 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/04/2026 02/04/26 | For Sale | $799,000 | 0.0% | -- | |
| 02/03/2026 02/03/26 | Off Market | $799,000 | -- | -- | |
| 01/14/2026 01/14/26 | Price Changed | $799,000 | -5.9% | -- | |
| 08/03/2025 08/03/25 | For Sale | $849,000 | +22.2% | -- | |
| 07/15/2022 07/15/22 | Sold | $695,000 | 0.0% | $236 / Sq Ft | View Prior Sale |
| 07/03/2022 07/03/22 | Off Market | $695,000 | -- | -- | |
| 11/18/2021 11/18/21 | For Sale | $725,000 | -- | $246 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $695,000 | Ensley Baker & Shade Pllc | |
| Warranty Deed | $238,865 | None Available | |
| Warranty Deed | $165,000 | None Available | |
| Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $556,000 | New Conventional | |
| Previous Owner | $203,000 | Purchase Money Mortgage | |
| Previous Owner | $116,090 | Purchase Money Mortgage |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9984005
APN: 054C-J-005.00
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Ask me questions while you tour the home.