Every year 1000s of new units are come to market in Tennessee each year. We listed multiple properties this year and have been able to attract 1000s of investors to our website to view these listings. This article highlights our top 5 performing properties and why we believe these are some of the best multifamily properties for sale in middle Tennessee.
Olde Town Flats
Chattanooga, TN – $850,000
Coming in at #5 and ranked as the Best Value-Add Property, Olde Town Flats in Chattanooga offers a strong investment opportunity with both turnkey and value-add potential. This 9-unit property includes 4 renovated units, 2 of which were taken down to the studs, and 5 units ready for updates to increase rental income.
Key features include separate electric meters, 4 mini-split HVAC systems, EPB fiber optic internet, and a basement laundry facility with new coin-operated machines. Recent upgrades to electrical and plumbing systems, including a replaced main drain, reduce maintenance concerns.
With a mix of historic charm and modern updates, Olde Town Flats is one of the best multifamily properties for sale in Middle Tennessee. See the full listing here.
#4 – Best Property in a Tertiary Market
The Landings at Red Rock – $4,300,000
Our 4 most visited property, The landings is the Best property in a Tertiary Market. Located in Tullahoma, Tennessee, is a fully renovated 40-unit multifamily property with turnkey benefits and value-add potential. The unit mix includes 32 one-bedroom and 8 two-bedroom apartments, all but one updated with modern finishes, appliances, and new HVAC systems since 2020.
This property features individual electric meters, a RUBS system for water, and recent upgrades like a flat rubber membrane roof replacement, minimizing ongoing expenses. Located near Arnold Air Force Base, the property benefits from a stable tenant base supported by Tullahoma’s strong employment market and excellent schools.
Opportunities for value-add improvements, such as adding a storage area or laundry room, can enhance tenant satisfaction and increase rental income. With its strategic location and updated infrastructure, this is one of the best multifamily properties for sale in Middle Tennessee. Explore the full listing here.
#3 – Best Duplex
1203 Cline Avenue Duplex – $434,000 and Sharpe Avenue Duplex – $490,000
Taking the #3 spot is the only duplex to crack the top 5, these two properties in Nashville’s Greenwood neighborhood offer a unique opportunity for investors. Just a block apart, the Cline Avenue Duplex and Sharpe Avenue Duplex benefit from the same highly desirable location, only minutes from downtown, 5 Points, and Nissan Stadium. The proximity has driven significant page views and inquiries, making these properties highly sought after.
Both duplexes were built in 1950 and are surrounded by a growing number of high-end homes, signaling strong potential for long-term appreciation. The Cline Avenue Duplex is a great value-add opportunity, offering the chance to increase rents with some updates. It’s also ideal for first-time multifamily investors looking for an owner-occupant scenario.
With strong market demand and unbeatable convenience, these duplexes stand out as some of the best multifamily properties for sale in Middle Tennessee. View the Cline Avenue Duplex listing and Sharpe Avenue Duplex listing for more details.
#2 – Best in a Secondary Market
Brookside Apartments – $1,550,000
Taking the #2 spot is the Best multifamily property for sale in a Secondary Market, Brookside Apartments is a fully renovated 16-unit property in Clarksville, TN, offering both stability and growth potential. Priced at $1.55 million with a 6.2% cap rate, this property has been fully updated, including new appliances, mini-split HVAC systems, and exterior upgrades, making it low-maintenance and highly desirable for investors.
Brookside Apartments saw the second-highest page views of any listing this year in just three months, highlighting its popularity among investors. Located only 3.5 miles from Fort Campbell Military Base, it benefits from consistent tenant demand in a thriving rental market. Its durable painted block exterior, minimal landscaping, and strong leasing history make it a turnkey property ready to deliver returns.
This is one of the best multifamily properties for sale in Middle Tennessee, offering high occupancy, low turnover, and prime proximity to major economic drivers. View the full listing here.
#1 – Best Multifamily Property for Sale in Middle Tennessee
Taking the top spot as the Best Multifamily Property for Sale, Jefferson Flats offers unmatched potential in the heart of Nashville. This 12-unit, fully renovated apartment complex combines prime location, turnkey updates, and multiple revenue opportunities. Each 2-bedroom, 1-bath unit is modernized with new HVAC systems, in-unit laundry hookups, and updated utilities, making it a highly attractive rental option.
Positioned minutes from Tennessee State University and Downtown Nashville, Jefferson Flats benefits from high tenant demand and competitive rents of $1,250 per month, with room to increase returns. Approved for Non-Owner-Occupied Short-Term Rentals, this property allows investors to tap into Nashville’s thriving tourism market for additional income.
Recent upgrades include a new roof, sewer line repairs, updated electrical panels, and a vapor barrier, ensuring a low-maintenance investment. With the highest page views and inquiries of any property this year, Jefferson Flats is a strong multifamily investments in the heart of Middle Tennessee. Explore the full listing here.
