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Sold for $925,000
  • $925,000

    1532 Meadow Spring Dr, Jefferson City, TN 37760

    8beds
    4,722sqft
    Quadruplex, Multi Family
    Built in 2024
    -- sqft lot
    $924,600 Zestimate®
    $196/sqft
    $1,712 Estimated rent

    Home value

    $924,600

    $878,000 - $971,000

    $1,712/mo

    Zestimate® history
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    $1,712/mo

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    Rent Zestimate®

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    $5,386/mo

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    $5,386/mo

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    What's special

    Attention Investors! Don't miss this exceptional opportunity to own an almost-new 4-plex in the rapidly growing area of Jefferson City! This income-producing property features four well-designed townhomes, with two townhomes currently leased through March 2027 at $1,800 per month, while two additional units will become available in May 2026, offering the perfect opportunity to place new tenants at market rates. Conveniently located just minutes from Carson-Newman University, this property is ideally positioned for strong rental demand, particularly for students and young professionals. Projected rental income is $1,800-$2,000 per unit per month, making this a fantastic addition to any investment portfolio. All four townhomes feature a beautiful low-maintenance exterior for lasting curb appeal and come fully equipped with kitchen appliances, including refrigerators, making them truly turnkey for tenants. Located in the Meadow Springs community, each unit offers 1,193 square feet of living space plus a one-car garage. The thoughtfully designed floor plan includes 2 bedrooms, 2.5 bathrooms, a spacious living room, kitchen with dining area, and a dedicated laundry room. The large primary bedroom features two closets, providing excellent storage and comfort for residents. Opportunities to purchase newer multi-family properties like this in Jefferson City are rare--don't miss your chance to secure a strong income-producing investment! 1530, 1532, 1534, and 1536 Meadow Springs Drive are the addresses. Please do not disturb the tenants. (Professional photos coming soon)

    Zillow last checked:

    Listing updated:

    Listed by:

    Corinne Hampton 865-934-9097,

    King Real Estate Services, Inc.,

    John King

    Bought with:

    NON MEMBER, 105

    NON MEMBER FIRM

    Source: GSMAR, GSMMLS,MLS#: 310740MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 12
    • Full bathrooms: 8
    • 1/2 bathrooms: 4
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Laundry: Laundry Room
    Features
    • Flooring: Carpet, Luxury Vinyl
    • Has fireplace: No
    Interior area
    • Total structure area: 4,722
    • Total interior livable area: 4,722 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage, Garage Door Opener
    • Garage spaces: 4
    Lot
    • Size: 105,163 Acres
    • Dimensions: 105 x 163.4 IRR
    Details
    • Parcel number: 024B C 00400 000
    • Zoning: R2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex, Multi Family
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 2024

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Internet Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Jefferson City

    Financial & listing details

    • Price per square foot: $196/sqft
    • Tax assessed value: $843,000
    • Annual tax amount: $9,070
    • Date on market: 3/16/2026
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Sewer, Water
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/14/2026Listing removed$2,000
    Source: Zillow Rentals Report a problem
    6/24/2026Sold$925,000-7.4%$196/sqft
    Source: GSMAR, GSMMLS #310740 Report a problem
    5/14/2026Pending sale$999,000$212/sqft
    Source: GSMAR, GSMMLS #310740 Report a problem
    3/31/2026Listed for rent$2,000+11.1%
    Source: Zillow Rentals Report a problem
    3/14/2026Listed for sale$999,000+1821.2%$212/sqft
    Source: East Tennessee Realtors #1332716 Report a problem
    2/13/2025Listing removed$1,800
    Source: Zillow Rentals Report a problem
    1/22/2025Listed for rent$1,800
    Source: Zillow Rentals Report a problem
    5/6/2024Sold$52,000$11/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,071 +3732.1%$337,200 +3646.7%
    2024$237 +8.2%$9,000 +44%
    2023$219 +3.2%$6,250
    2022$212 $6,250
    2021$212 $6,250
    2020$212 $6,250
    2019$212 +3.8%$6,250 +8.7%
    2018$204 +0.1%$5,750
    2017$204 $5,750
    2016$204 +1.4%$5,750
    2015$201 +1.4%$5,750
    2014$198 $5,750
    2013-- $5,750 -8%
    2012$193 +3.3%$6,250
    2011$187 $6,250
    2010$187 $6,250
    2009-- $6,250 -4.9%
    2008$216 +7.2%$6,575
    2007$202 +22.3%$6,575
    2006$165 $6,575
    2005$165 -12.2%$6,575
    2004$188 +2.1%$6,575
    2003$184 $6,575 +25.2%
    2001-- $5,250 -75%
    2000-- $21,000
    Find assessor info on the county website

    Neighborhood: 37760

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $924,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $924,600