Active.

  •

    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

  • Small Single Family Portfolio

    $725,000
    Status

    Active
    Number of Units

    Property Type

    Listing Agent

    ,

    Agent Email

    landon@ria-inc.com
    kristina@ria-inc.com
    County

    This collection of properties includes five homes in Waverly and one in McEwen, offering immediate cash flow with in-place tenants and significant upside through strategic rent increases. Ranging from 1- to 3-bedroom layouts, these homes appeal to long-term renters in a region where affordable, well-maintained housing is in short supply. Each home is individually metered, with tenants covering utilities, minimizing landlord expenses and maximizing NOI.

    Investment Highlights:

    • 6 single-family homes: 5 in Waverly, 1 in McEwen

    • 100% tenant-occupied with stable rent rolls and low turnover

    • All tenants pay their own utilities; low operating overhead

    • Current rents significantly below market—5–30% upside potential

    • Monthly rents range from $600–$1,050 with estimated market potential of $770–$1,200

    • Properties span 1–3 bedrooms with classic layouts and efficient footprints

    • Located in established neighborhoods near schools, local employers, and retail

    • Individually parceled—offers optionality for future retail sales or 1031 exchanges

    • Below replacement cost on a per-door basis with long-term appreciation potential

    Investment Summary:

    This small single-family portfolio delivers dependable income across two tightly linked small-town markets within 10 minutes of each other. In Waverly and McEwen, rental demand remains strong while new housing supply is limited, giving well-located single-family homes a competitive edge. The homes are rented under market, with modest interior upgrades presenting an immediate opportunity to unlock higher returns. Whether held for cash flow, positioned for gradual retail resale, or included in a larger scale-up strategy, this portfolio offers flexibility, affordability, and solid fundamentals in Middle Tennessee's resilient housing market.

    Details

  • Waverly Multifamily Portfolio

    $1,900,000

    This portfolio includes a thoughtfully assembled mix of 4 duplexes, 1 triplex, and 2 quadplexes, offering investors diversified unit types and multiple streams of income across Waverly and neighboring towns. The Waverly properties are located in a stable, demand-driven submarket, delivering a blend of turnkey performance and light value-add potential. With close proximity to downtown amenities, schools, and major thoroughfares, these assets are well-positioned to benefit from Waverly’s consistent tenant demand and constrained rental inventory. Strong local employment anchors, combined with minimal new supply, create a favorable environment for both cash flow and long-term value growth.

    Investment Highlights:

    • Portfolio includes 4 duplexes, 1 triplex, and 2 quadplexes across key submarkets

    • Centrally located in Waverly near schools, grocery, and retail

    • Solid in-place income with long-term tenants in several units

    • Opportunity to increase rents 5–10% through modest interior updates

    • Historically low vacancy market with consistent renter demand

    • Located ~70 minutes west of Nashville with access via Highway 70 and I-40

    • Below replacement cost pricing provides immediate equity upside

    • Mix of stabilized and light value-add units for flexible investment strategy

    • Minimal local competition from new construction or large multifamily stock

    Investment Summary:

    This Waverly property delivers reliable income in a supply-constrained small-town market where rental demand continues to outpace available inventory. The asset’s strong occupancy history and under-market rents offer a clear path to increased revenue with basic cosmetic improvements. As the county seat and a regional service hub, Waverly supports sustained demand for affordable, well-maintained rental housing. Whether held for cash flow or repositioned for value, this property—part of a portfolio that includes duplexes, a triplex, and quadplexes—represents a compelling opportunity for investors seeking stable returns and long-term appreciation in Middle Tennessee.

    Details

  • McEwen Multifamily Portfolio

    $1,200,000
    Overview:

    Nestled in a quiet but growing community just over an hour west of Nashville, this McEwen property features a mix of rental units offering both immediate income and long-term potential. With local demand for quality housing and limited new inventory, the area presents a strong case for rental growth and operational upside. This portion of the portfolio benefits from proximity to schools, employers, and essential services in a tight-knit, supply-constrained market.

    Investment Highlights:

    • Stable rental base with long-term tenants and low historical vacancy

    • Opportunity for rent growth through minor cosmetic upgrades

    • Market rents estimated to be 5–10% above current lease rates

    • Quiet, low-turnover neighborhood with high tenant retention

    • Located ~65 minutes from Nashville with easy access via Hwy 70

    • Limited new construction in the area, supporting strong rental demand

    • Small-town setting with access to jobs, schools, and retail within 15 minutes

    • Below replacement cost pricing offers excellent value on a per-door basis

    Investment Summary:

    This McEwen asset provides an attractive foothold in a resilient small-town rental market, ideal for investors seeking steady cash flow with upside through light value-add improvements. Demand for affordable housing in McEwen continues to outpace supply, offering a favorable backdrop for rent growth and tenant retention. Whether held as a cash-flowing long-term investment or repositioned for resale, this asset supports multiple strategies with limited downside and operational flexibility. A rare opportunity to scale in rural Middle Tennessee without the volatility of larger metro markets.

    Details
  • Sale!

    Darlene 16

    Original price was: $1,900,000.Current price is: $1,700,000.
    Status

    Active
    Year Built

    Address

    143 Darlene Drive, Clarksville, TN 37042, 145 Darlene Drive, Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    Sqft

    This 16-unit multifamily property, built in 2005, consists entirely of 2 bed / 1 bath units. Tenants are responsible for their own water and electric, with utilities individually metered.

    Since purchasing the property, the owner has invested over $100,000 in improvements, including new flooring, interior paint, appliances, HVAC systems, decks, a fully renovated parking lot, and exterior fencing. Despite these upgrades, rents remain up to $250 below market value, with comparable properties in the area leasing for $1,100 per unit, offering a strong value-add opportunity for an investor looking to optimize performance.

    Investment Facts

    Year Built: 2005 Number of Buildings: 2 Unit Mix: 16 - 2/1 Exterior: Brick with composite shingle roofing Interior: Units remodeled.

    Investment Highlights

    • High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
    • Low Maintenance: 16 two-bedroom apartments exterior cap ex completed
    • Prime Location: Buildings located next door to each other and are in a convenient part of Clarksville.
    Details
  • Value Add Triplex in Lawrenceburg

    Lawrence Street

    $140,000
    Address

    226 Lawrence Street, Lawrenceburg, TN 38464
    County

    Listing Agent

    Number of Units

    Property Type

    This value add triplex in Lawrenceburg is an exceptional investment opportunity located right next to the new technical school. With a total of 2,952 square feet, this property features three units: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit.

    Investment Highlights

    • Projected Gross Monthly Income: $2,750, providing excellent rental income potential.
    • Updated Electrical: The electrical system has been redone and is ready for final approval.
    • Renovation Potential: Salvageable sheetrock and foundation correction needs create an ideal value-add project.
    • Individual Electric Meters: Streamlines tenant billing for easier management.
    • Proximity to Key Amenities: Located next to the new technical school, offering strong appeal for potential tenants.
    This value add triplex in Lawrenceburg presents an opportunity to enhance property value and increase rental income. Contact us today to learn more about this exciting investment.
    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
  • Sale!

    Jefferson Flats

    Original price was: $1,900,000.Current price is: $1,750,000.
    Status

    Active
    Address

    2607 Jefferson St. Nashville, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    Welcome to Jefferson Flats, a lucrative investment opportunity strategically positioned just minutes away from Tennessee State University and the vibrant heart of Downtown Nashville. This updated and well-maintained 12-unit apartment complex, spanning 7,300 square feet, presents a unique blend of prime location and strong rental potential. Originally constructed in 1963, Jefferson Flats has undergone extensive renovations, ensuring a modern and appealing living space for tenants. Each unit currently commands nearly $1,250 per month in rent, and with the opportunity to further align with market trends, there's room for increased returns in the coming year.

    Additionally, Jefferson Flats is approved for use as a Non-Owner-Occupied Short-Term Rental in Nashville, opening up an additional revenue stream for savvy investors looking to capitalize on Nashville's thriving tourism market. Jefferson Flats is not just an investment; it's a path to sustainable and growing returns in the heart of Music City.

    Property Overview:
    • Unit Composition: 12 - 2bd/1ba
    • Recent Updates: Large amount of capital has gone into this property since 2021 making it a turnkey investment.
    • HVAC Systems: PTAC HVAC install in all units
    • 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.
    Structural Enhancements:
    • New Roof
    • Sewer Line Repair
    • Vapor Barrier installation
    • Building Supports
    • Exterior Lights
    • Electrical Panels
    • Water Heater Replacements
    • LVL Supports
    • Plumbing Repairs & Updates
    Convenience Features:
    • In Unit Laundry: All Units are equipped with in-unit laundry hook ups.
    • Location: Minutes from Downtown Nashville and TSU
    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
  • Sale!

    The Landings at Red Rock

    Original price was: $4,300,000.Current price is: $4,000,000.
    Status

    Active
    Address

    407 North College St. Tullahoma, TN
    Number of Units

    Property Type

    Sqft

    Listing Agent

    Agent Email

    landon@ria-inc.com
    County

    The Landings at Red Rock, situated in Tullahoma, Tennessee, is a multifamily property with turnkey benefits and a simple value add opportunity. It comprises 40 units, consisting of 32 one-bedroom and 8 two-bedroom apartments, and offers a patio and grilling area for its residents.

    The property was first renovated in 2020, however, since 2020 the current owner has upgraded the finishes and appliances in 39 of 40 units, replaced all three roofs with new rubber membrane, and installed 40 new HVAC systems. These significant investments will help reduce expenses for the new owner.

    Strategically located near Arnold Air Force Base, the property benefits from a stable tenant base. Tullahoma offers excellent public schools and diverse employment opportunities in engineering and healthcare, contributing to consistent tenant demand.

    The Landings at Red Rock presents an attractive investment opportunity with its strategic location and potential for value-add enhancements.

    Property Overview:

    • Painted Brick Exterior
    • 2 Stories
    • Flat Rubber Membrane Roof
    • Central Heat and Air
    • Individual Electric Meters
    • RUBS for Water

    Convenience Features:

    • In Unit Laundry: Currently available in only 2 units
    • Location: Minutes from Downtown Tullahoma

    Investment Highlights

    • Fully Renovated Property: The Landings at Red Rock was first renovated in 2020, with additional unit updates and HVAC replacements taking place in the last 3 years.
    • Value-Add Opportunities: Adding storage and a laundry room will enhance tenant satisfaction, allow you to increase rents and generate additional income.
    • Unit Mix: The property offers 32 one-bedroom and 8 two-bedroom units, catering to various tenant needs.
    • Prime Location: Situated in Tullahoma, the property benefits from proximity to Arnold Air Force Base, excellent schools, and easy access to Chattanooga and Murfreesboro.
    • Stable Employment Base: The presence of the Air Force base, local hospitals, and engineering jobs ensures a consistent demand for rental units.
    • Ratio Utility Billing System: RUBS have been fully implemented with current tenant base.
    Details

  • Fayetteville 17

    $750,000
    Status

    Active
    Property Type

    Number of Units

    Address

    901 Winchester Hwy Fayetteville TN 37355
    Sqft

    Listing Agent

    County

    Introduction

    Introducing Fayetteville 17 Units, a versatile investment opportunity in the heart of Fayetteville, TN. With a mix of 2-bedroom, 1-bedroom, and studio units, this property offers modern living spaces for a range of tenants. Explore further details and photos by clicking the "Request More Information" button now.

    Investment Highlights

    Versatile Unit Mix and Renovation Potential:

    • Offering a diverse mix of 2-bedroom, 1-bedroom, and studio units catering to various tenant needs.
    • Recent renovations including new roofs, interior paint, updated electrical, installation of mini splits, and new water heaters ensure modern and comfortable living spaces.
    • Opportunity for further value appreciation through potential conversion into multifamily or Airbnb units, showcasing adaptability to market trends and maximizing rental income potential.

    Profitable Management Plays Available:

    • Current Owner covers water expenses while tenants pay for electricity. Adding a Ratio Utility Billing System (RUBS) will help optimize revenue streams and reduce operational costs.
    • Basement Space available to add Laundry facilities as an additional revenue stream. 
    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.

© 2025 • Residential Investment Advisors Inc

Back to top