Active.

  •

    Hibiscus 6

    $975,000
    Status

    Active
    Address

    138 Hibiscus Drive, Ashland City 37015
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Discover Hibiscus 6 – A Fully Renovated, Stabilized Investment in Ashland City

    Hibiscus 6 presents the opportunity to acquire a fully occupied, well maintained 6-unit multifamily asset in the growing Ashland City submarket. Located at 138 Hibiscus Drive, this 1988-built property has undergone extensive interior updates during current ownership, offering investors a stabilized asset with strong in-place income and additional upside potential.

    The property consists of six 2-bedroom, 1-bath units averaging approximately 921 square feet each. All units feature functional layouts with in-unit laundry hookups, making them highly attractive to tenants seeking convenience and affordability in a supply-constrained market. With current average rents of $1,295 and 100% occupancy, Hibiscus 6 demonstrates consistent demand and operational stability.

    Ownership has made meaningful improvements, including unit renovations and ongoing exterior upgrades such as full gutter replacement, with HVAC systems replaced as needed and a roof evaluation underway. Tenants are responsible for electric, while the owner currently covers water—presenting a clear opportunity to further enhance cash flow through RUBS implementation.

    Strategically positioned in Ashland City, the property benefits from its proximity to the Nashville MSA while maintaining a more affordable rental profile, appealing to a wide tenant base seeking value and accessibility.

    Investment Highlights:

    • Six-Unit Multifamily Asset: All 2 bed / 1 bath units averaging ~921 SF with practical, tenant-friendly layouts
    • Recent Interior Renovations: All units updated during current ownership, supporting strong rental performance
    • Stabilized Occupancy: 100% leased with consistent demand in the Ashland City submarket
    • In-Unit Laundry Hookups: Added tenant convenience and competitive positioning
    • Operational Upside: Ability to implement RUBS for water reimbursement and increase efficiency
    • Ongoing Capital Improvements: Gutter replacement underway, HVACs replaced as needed, and roof evaluation in progress
    • Tenant-Paid Electric: Reduces owner expenses and simplifies operations
    • Strong Rental Market Positioning: Affordable alternative to Nashville, attracting steady tenant demand
    Details

  • Sun Valley Apartments

    $1,300,000
    Status

    Active
    Address

    2465 Benton Young Rd, Cookeville, TN 38501
    Number of Units

    Year Built

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover Sun Valley Apartments – A Strong Investment Opportunity in the Growing Cookeville Market

    Sun Valley Apartments offers investors the chance to acquire a well-maintained and recently updated 12-unit community in one of Middle Tennessee’s fastest-growing secondary markets. Located at 2465 Benton Young Rd, this property provides stabilized in-place performance, desirable unit features, and meaningful operational upside — all within minutes of Downtown Cookeville and Tennessee Tech University, two major demand drivers for the area.

    Each unit features a practical and highly rentable 2-bedroom, 1-bath layout with in-unit laundry, a feature that continues to outperform in Cookeville’s rental market. The property has received substantial improvements, including five fully renovated units, upgraded kitchen cabinetry in additional units, fresh exterior paint, and updated building systems. All HVAC units are less than three years old, and the durable metal roof is under ten years old — significantly reducing near-term capital exposure for new ownership.

    Currently 92% occupied, Sun Valley Apartments offers stable current income with clear pathways for additional growth through continued interior renovations and refinement of the existing utility reimbursement structure. Sitting on a full 1-acre parcel, the property includes both front and rear parking and an efficient utility setup with tenant-paid electric and water reimbursements.

    Investment Highlights

    Twelve Income-Producing Units:
    All 2 bed / 1 bath layouts with in-unit laundry (all-in-one or stackable), appealing to long-term renters and students.

    Stabilized Operations:
    Currently 92% occupied with consistent monthly income and strong historical leasing demand.

    Recent Capital Improvements:
    Five renovated units, new kitchen cabinetry in additional units, exterior paint, HVACs under 3 years old, and a metal roof under 10 years old.

    Efficient Utility Structure:
    Separately metered electric with tenant-paid usage; master-metered water with monthly reimbursement; septic system maintained annually.

    Value-Add Potential:
    Opportunity to increase rents through continued interior upgrades and optimization of RUBs.

    Strategic Location:
    Minutes from Downtown Cookeville and Tennessee Tech University, providing access to a steady renter base including students, staff, and local workforce.

    Growing Secondary Market:
    Cookeville continues to experience population growth, commercial expansion, and strong rental demand, making it an attractive market for long-term multifamily investment.

    Details

  • Dakota Courts

    $2,100,000
    Status

    Active
    Year Built

    Address

    3511/3519 Dakota Ave
    Number of Units

    Property Type

    Sqft

    Agent Phone Number

    615-281-9395
    Agent Email

    albert@ria-inc.com
    County

    Discover Dakota Courts – A Prime Investment in Nashville’s West End/Sylvan Heights

    Dakota Courts presents a rare opportunity to acquire a well-maintained 8-unit multifamily property in one of Nashville’s most desirable submarkets. Located at 3511/3519 Dakota Avenue, this property combines stable in-place income with long-term redevelopment potential, making it a standout asset in a supply-constrained, high-demand market.

    Each unit offers a practical 2-bedroom, 1-bath layout with in-unit laundry and hardwood floors, providing features that resonate with long-term renters. Professionally managed and cared for by the same ownership for over 20 years, Dakota Courts benefits from ongoing updates including new water heaters, appliances, interior renovations, and a full roof replacement in 2023.

    Currently 100% occupied with a strong rent roll of $11,925/month, the property provides immediate income while leaving room for future upside through a RUBs program and zoning that allows up to ~14 units. Just minutes from Downtown Nashville, Vanderbilt University, and Belmont University, Dakota Courts is positioned to capture the strong and steady rental demand that defines the West End/Sylvan Heights area.

    Investment Highlights:

    • Eight Income-Producing Units: All 2 bed / 1 bath layouts with stackable in-unit laundry and hardwood floors.

    • Stable In-Place Rent Roll: Fully leased, generating $11,925/month.

    • Tenant-Paid Utilities: Electricity separately metered; water currently master-metered with RUBs potential.

    • Recent Capital Improvements: New roof (2023), HVAC replacements (2011–2021), ongoing interior updates and replacements.

    • Redevelopment Potential: Zoned RM40, allowing up to ~14 units.

    • Prime Location: Sylvan Heights/West End—near Downtown, Vanderbilt, Belmont, and Nashville’s vibrant cultural hubs.

    Details

  • Hermitage Duplex

    $550,000
    Number of Units

    Property Type

    Sqft

    3048
    Listing Agent

    Contact

    615-281-9395
    County

    Discover Sweden Drive Duplex – A Stabilized, Extensively Updated Investment in Hermitage

    Sweden Drive Duplex presents the opportunity to acquire a fully leased, recently updated townhome-style duplex in the growing Hermitage submarket of Nashville. Located at 4297/4299 Sweden Drive, this well-maintained asset offers investors stable occupancy, efficient operations, and significant recent capital improvements that help minimize near-term maintenance costs.

    Built in 1971, the property consists of two spacious 3-bedroom, 1.5-bath units totaling approximately 3,048 square feet, with each unit offering approximately 1,524 square feet of living space. The units feature connected kitchen and dining areas, large family rooms, ample closet space, washer/dryer hookups, and private patio and backyard space, creating highly functional layouts that appeal to long-term tenants.

    The property is currently 100% occupied at $1,875 per unit. Utilities are individually metered for water and electric, with tenants responsible for both utilities and lawn care, supporting streamlined and efficient operations for ownership.

    Ownership has completed extensive recent improvements, including interior renovations to Unit 4299 in 2024 and Unit 4297 in 2025. Major system upgrades include a new roof installed in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022, significantly reducing future capital expenditure concerns for incoming ownership.

    Strategically located near Old Hickory Boulevard and Lebanon Pike, the property offers strong access to major employment, retail, and commuter corridors throughout the Nashville MSA while maintaining the neighborhood feel and rental demand that continue to drive the Hermitage market.

    Investment Highlights:

    • Townhome-Style Duplex: Two 3 bed / 1.5 bath units totaling ~3,048 SF with spacious, functional layouts
    • Stabilized Occupancy: 100% leased at $1,875 per unit
    • Recent Interior Renovations: Unit 4299 updated in 2024 and Unit 4297 updated in 2025
    • Major Capital Improvements Completed: Roof replaced in 2025, HVAC systems replaced in 2021, and water heaters replaced in 2022
    • Efficient Operations: Tenants responsible for utilities and lawn care with individually metered water and electric
    • Tenant-Friendly Features: Connected kitchen/dining areas, large family rooms, washer/dryer hookups, and private patio/backyard space
    • Strong Hermitage Location: Convenient access to Old Hickory Blvd., Lebanon Pike, and downtown Nashville
    • Durable Long-Term Investment: Significant recent CapEx and stable tenancy support lower-maintenance ownership
    Details

  • Parker Street Villas

    $449,000
    Address

    1202-1208 Parker St. Columbia, TN 38401
    County

    Property Type

    Year Built

    Sqft

    Current Rent

    approx $4000/mo
    Listing Agent

    This small multifamily 4-structure property in Columbia, TN offers a solid investment opportunity for those looking to do the work of rehabbing old homes. Priced at $425,000, it includes four existing buildings on 0.53 acres, between 2 adjacent parcels, zoned SD-LI non-conforming (light industrial). The property with recent rents sits at an 7.6% cap rate and there's room to push that cap rate even higher with a bit of renovation. Renovated homes in the area are selling between $215,000 to $250,000, indicating strong equity potential. This property presents a chance to add desirable homes in a growing market.
    Details
  • Apartment for sale in Madison, TN

    Madison Gardens

    Status

    Active
    Address

    316 Nix Dr. Madison, TN 37115
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    615-909-2278
    County

    Welcome to this exceptional investment opportunity - a 14-unit apartment complex located in Davidson County, just 15 minutes from downtown Nashville. Built in 1972, this fully occupied property offers tremendous value-add potential. Consisting of 1 bedroom/1 bathroom units, it caters specifically to investors looking for an income-generating asset. The classic charm, coupled with its great location, ensures a full rent role. Located just 6 minutes from the approved site of Madison Station, a $631 million work/live/play development, the long-term outlook for the area is very bright. Don't miss out on this excellent chance to acquire a profitable venture in this up and coming community.

    Investment Highlights

    Ability to Raise Rents - Currently the occupied unites are sitting below market rent based upon comparable properties in the area. Rents could be raised with minimal cap-ex, however some maintenance issues will be required to make units rent ready. Location - Securely located across the street from Metro Police Department's Madison Precinct, this property sits blocks from the new apartments currently under construction and just minutes from the proposed Madison Station mixed-use development.
    Details

  • Shelbyville SFR Portfolio

    Status

    Active
    Address

    Shelbyville, TN
    Number of Units

    Property Type

    ,

    Listing Agent

    ,

    County

    1. Browse the Available Properties

    Browse the properties on this page, and write down each address. As properties are sold they will be no longer active.

    2. Review Comps

    To make it easier for you we’ve created a comp report going back to October of 2023. Click here to view Report

    3. Submit an Offer

    Once you’ve done your research on a bundle of properties, contact us and we’ll submit your offer.   NOTE: Interested parties must register an account prior to viewing the properties. The good news is that we will not sell or release your data to any 3rd parties, spam artists or mean people. By registering an account you agree to our Privacy Policy and our Confidentiality Agreement.  

    Are you Ready to submit an offer?

    If you are ready to submit an offer or have more questions about this portfolio feel free to reach out to Kristina or Landon using the "Request More Information" Button below.
    Details

  • Olde Town Flats

    $850,000
    Status

    Active
    Address

    32 Woodlawn Dr, Chattanooga, TN 37411
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Welcome to Olde Town Flats, a historic gem nestled in the heart of Chattanooga, Tennessee. This 1920-built property offers a unique and lucrative investment opportunity for savvy investors seeking value-add potential. There has already been a substatial amount of capital investment in the property making 4 of the units turn key and rent ready. The remaining units present an exiting opportunity for you to add value and maximize your investment over time. Property Overview:
    • Unit Composition: 9 units in total
      • 7 one-bedroom units
      • 1 two-bedroom unit
      • 1 studio unit
    • Recent Updates: 4 units meticulously renovated, including 2 taken down to the studs.
    • HVAC Systems: 4 mini-split systems in place, ensuring efficient and individualized climate control for each unit.
    • Utilities: Separate electric meters for each unit, enhancing tenant responsibility and reducing owner expenses.
    • Water Management: Master water paid by the seller with a RUBS (Ratio Utility Billing System) in place for most tenants, optimizing cost distribution.
    • Technological Advantage: EPB fiber optic internet systems installed, providing tenants with high-speed connectivity and adding an attractive feature for modern living.
    Structural Enhancements:
    • Windows: Partial replacement of windows, enhancing energy efficiency and aesthetic appeal.
    • Electrical Upgrades: New electrical system throughout the property, ensuring safety and compliance with modern standards.
    • Plumbing: Extensive plumbing updates, including replacement of the main drain, minimizing maintenance concerns.
    Convenience Features:
    • Laundry Facility: A dedicated laundry facility located in the basement equipped with new coin-operated appliances, adding convenience for residents and an additional income stream for investors.
    Chattanooga's Olde Town Flats presents an exciting investment opportunity with substantial upside potential. The strategic updates and modern amenities make this property an attractive choice for investors looking to maximize returns through value-add initiatives.  Don't miss the chance to be a part of the flourishing Chattanooga real estate market. Contact us today to schedule a viewing and explore the vast potential that Olde Town Flats holds for your investment portfolio. This is your gateway to a promising future in multifamily real estate!
    Details
  • Sale!

    1203 Cline Duplex

    Original price was: $460,000.Current price is: $434,000.
    Status

    Active
    Address

    1203 Cline Ave, Nashville, TN 37206
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Contact

    615-857-6390
    Agent Email

    albert@ria-inc.com
    County

    Located in the very convenient Greenwood neighborhood of Nashville, Tennessee. Cline Ave is located just blocks away from the growing 5 Points area and 10 minutes from Nissan Stadium- showing signs for the long-term investor. This duplex was built in 1950.

    Investment Highlights

    Location, Location, Location - This property is minutes from downtown in the booming East Nashville Neighborhood. The community has seen a recent influx of high end homes making this property a prime candidate for new development. Value Add Opportunity - This property could use some TLC from its new owner which will allow you to bring in more per month in rent. The neighborhood supports rent increases, however the property will require some capital expenditures to do so. Owner Occupant - Those new to multifamily investing may want to start with an owner occupant scenario which this property supports.
    Details

  • 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.
    Details

Comprehensive Brokerage Services for the Southeast’s Multi-Family Housing Investment Landscape

Overview

Business Info

405 Two Mile Pike 
Suite B – Office 101
Goodlettsville, TN 37072

We are not a law firm or financial advisor and our employees are not acting as your attorneys. The information contained in the Site is general legal information and should not be construed as legal or financial advice to be applied to any specific factual situation.

Fair Housing Act Disclosure: The Act makes fair housing a national policy throughout the U.S. It prohibits discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, disability, familial status or national origin.

© 2026 • Residential Investment Advisors Inc

Back to top