Coffee County.

Middle Tennessee map with Coffee County highlighted in blue Coffee County, Tennessee, is a hidden gem in the multifamily real estate landscape, offering a unique blend of tranquility and economic opportunity. Tullahoma, a central city in the county, is characterized by a diverse economic base, with aerospace, manufacturing, and healthcare sectors providing stability and growth. The city’s welcoming atmosphere is complemented by the stunning Tims Ford Lake, making it an attractive destination for those seeking a balance between work and leisure. With a growing population drawn to Tullahoma’s thriving job market and recreational amenities, Coffee County stands out as an ideal investment opportunity for multifamily real estate. Its strategic location, just a short drive from Nashville, further enhances its appeal, allowing residents to enjoy the benefits of small-town living while remaining well-connected to the vibrant opportunities of the nearby metropolitan hub.

  • Hayfield Square

    $12,125,000
    Status

    Sold

    Property Type

    Number of Units

    Address

    91 Hayfield Square, Manchester, TN 37355

    Sqft

    Listing Agent

    County

    When it comes to finding multifamily in Manchester, TN it doesn't get much better than this. Hayfield Properties is a group of 32 duplexes and 10 quadplexes conveniently located in Manchester Tennessee. There are 104 total units built between 1974 and 1991. The unit mix includes everything from 1/1 units all the way to 3/2 units, helping to maintain a stable rent roll.

    Key Property Details:

    • Location: Manchester, TN
    • Built: 1975-1991
    • Unit Mix:
      20 - 1/1 units
      48 - 2/1 units
      6 - 2/2 units
      24 - 3/1 units 6 - 3/2 units
    • Construction: Mostly Brick exterior with Composite Shingle Roof
    • Utilities: Individual water and electricity metering
    • Central Heat and Air in All units
    • On site laundry Facility

    Investment Highlights:

    PRIME LOCATION - There are 3 cities within an hour’s drive. Murfreesboro is just 33 miles, Nashville is 54 miles and Chattanooga is only 70 miles south-east on I-24. This central location makes Manchester a great spot for developers and investors.

    IMPRESSIVE DEMOGRAPHICS - According to the Tennessee Department of Commerce there are 6 higher education institutions, almost 30K auto manufacturing jobs and over 22k advanced manufacturing jobs all within a 45 minute drive of this location.

    VALUE ADD OPPORTUNITY - Currently these rents are averaging around $715/month on 88% occupancy. Market rates indicate a potential for an additional rent increase with minimal capital expenditures. The current owner has done a good job maintaining the property, however Manchester is a growing community and with the proximity to the freeway and a steady demand on housing, renovating the units creates an excellent value add opportunity.

    INDIVIDUALLY PARCELED -  Some investors could certainly take all 104 units and continue to operate the property as is. However many of the duplexes and quadplexes already sit on their own individual parcel giving investors the ability to purchase a smaller package, or buy the whole lot and sell them off individually. LOCATED NEAR APPROVED I-24 INDUSTRIAL SITE  - A 2,000 acre industrial development is underway just minutes from these properties. This new development has the potential to create 1000s of new jobs and bring in more major companies to the area. Check out the plans here. Disclaimer: This offering is available to qualified investors. Due diligence is advised, and all interested parties should consult with their financial advisors before making investment decisions.
  • Lenox Townhomes

    $2,600,000
    Status

    Active

    Address

    156 Silver Street, Tullahoma TN 37388

    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Discover Lenox Townhomes – A Class A Investment Opportunity in Tullahoma

    Lenox Townhomes presents the opportunity to acquire a newer-construction, 16-unit townhome community in the growing Tullahoma market. Located at 156 Silver Street, this well-built 2018 asset offers modern design, strong in-place tenancy, and durable construction—positioning it as a high-quality addition to any multifamily portfolio.

    Each residence features a spacious 2-bedroom, 2.5-bath townhome layout totaling approximately 1,155 square feet. Interior finishes include granite countertops, stainless steel appliances, LVP flooring on the main level, carpet upstairs, and in-unit washers and dryers. The property is professionally managed and currently 94% occupied, reflecting consistent demand and a well-qualified tenant base. With tenants paying separately metered electric and water, operations remain streamlined and efficient.

    Major building systems—including shingle roofs and package HVAC units installed in 2018—remain in excellent condition, and recent improvements have been proactive in nature. Additionally, an assumable Fannie Mae loan at a 4.28% fixed rate through March 2033 offers a compelling financing advantage. Supported by Tullahoma’s diverse employment base across aerospace, defense, manufacturing, healthcare, and financial services, Lenox Townhomes stands as a stabilized, Class A asset in a steadily growing market.

    Investment Highlights:

    • Sixteen Townhome-Style Units: All 2 bed / 2.5 bath layouts averaging ~1,155 SF with modern finishes and in-unit laundry.
    • Newer Construction (2018): Two well-maintained buildings on 1.19 acres with strong curb appeal and durable systems.
    • High Occupancy: 15 of 16 units currently leased with a consistent history of strong tenant retention.
    • Tenant-Paid Utilities: Separately metered electric and water, creating operational efficiency.
    • Professional Management: Consistent third-party management and stable operating history.
    • Modern Building Systems: Shingle roofs and package HVAC units (2018) in excellent condition.
    • Strong Submarket Positioning: Among the higher-performing rent properties in Tullahoma, attracting quality tenants.
    • Assumable Fixed-Rate Financing: Approximately $1.33M Fannie Mae loan at 4.28% fixed through March 2033.