MRG is pleased to present this multifamily apartment complex in Fayetteville, Tennessee.
This 7-unit apartment building offers investors the opportunity to acquire a cash-flowing multifamily asset with significant value-add potential in Fayetteville. The property is currently generating stable rental income while providing a clear path to increased revenue through continued unit renovations and strategic rent growth
Investment highlights
10% mark to market play with unit renovations completed
Room to increase income by up to 40% with RUBs and laundry income
Value-add opportunity with continued unit renovations and future rent growth potential.
Three units recently renovated, improving property appeal and increasing rental upside.
Strong workforce housing demand near Huntsville's growing employment base, supporting stable occupancy and long-term investment potential.
Active
Price cut: $20K (9/7)
$430,000
206 Edison St W, Fayetteville, TN 37334
2beds
2baths
6,000sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$72/sqft
$-- HOA
What's special
Three units recently renovated
- 87 days
- 190
- 10
Zillow last checked:
Listing updated:
Listed by:
Drew Lekowski 615-522-3973,
MRG Realty Partners 651-900-4386
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3255670
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Central
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Laminate
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
- Finished area above ground: 6,000
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,188 Square Feet
- Dimensions: 92 x 89
Details
- Parcel number: 079E A 00700 000
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $72/sqft
- Tax assessed value: $147,900
- Annual tax amount: $1,932
- Date on market: 7/1/2026
- Inclusions: Appliances, Negotiable
- Total actual rent: 1700
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Price change | $430,000-4.4%$72/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3255670 Report a problem | ||
| 7/1/2026 | Listed for sale | $450,000+0.2%$75/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3255670 Report a problem | ||
| 6/15/2026 | Listing removed | $449,000$75/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3184088 Report a problem | ||
| 4/29/2026 | Listed for sale | $449,000-15.1%$75/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3184088 Report a problem | ||
| 4/1/2026 | Listing removed | $529,000$88/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3002432 Report a problem | ||
| 12/4/2025 | Price change | $529,000-7%$88/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3002432 Report a problem | ||
| 9/26/2025 | Listed for sale | $569,000+89.7%$95/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3002432 Report a problem | ||
| 12/9/2024 | Sold | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/22/2024 | Pending sale | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/22/2024 | Listed for sale | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/16/2024 | Pending sale | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/12/2024 | Listed for sale | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/10/2024 | Pending sale | $300,000$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 11/8/2024 | Listed for sale | $300,000+270.4%$50/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2757836 Report a problem | ||
| 1/27/2017 | Sold | $81,000-19%$14/sqft |
Source: RealTracs MLS as distributed by MLS GRID #1787697 Report a problem | ||
| 2/29/2016 | Sold | $100,000-23%$17/sqft |
Source: Public Record Report a problem | ||
| 12/18/2012 | Listing removed | $129,900$22/sqft |
Source: Exit Realty Music City #1406284 Report a problem | ||
| 11/13/2012 | Listed for sale | $129,900+64.4%$22/sqft |
Source: Exit Realty Music City #1406284 Report a problem | ||
| 12/12/2000 | Sold | $79,000+107.9%$13/sqft |
Source: Public Record Report a problem | ||
| 1/2/1997 | Sold | $38,000-64.2%$6/sqft |
Source: Public Record Report a problem | ||
| 4/15/1996 | Sold | $106,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,932 | $59,160 |
| 2024 | $1,932 -2.5% | $59,160 +39.8% |
| 2023 | $1,981 +30% | $42,320 |
| 2022 | $1,524 | $42,320 |
| 2021 | $1,524 | $42,320 |
| 2020 | $1,524 | $42,320 |
| 2019 | $1,524 +0.4% | $42,320 +15.1% |
| 2018 | $1,518 -0.1% | $36,760 |
| 2017 | $1,519 +76.6% | $36,760 |
| 2016 | $860 -35.2% | $36,760 |
| 2015 | $1,327 | $36,760 |
| 2014 | $1,327 | $36,760 |
| 2013 | -- | $36,760 |
| 2012 | $1,246 | $36,760 -8.2% |
| 2011 | $1,246 | $40,038 |
| 2010 | $1,246 | $40,038 |
| 2009 | $1,246 | $40,038 |
| 2008 | $1,246 +0.1% | $40,038 |
| 2007 | $1,245 -17.5% | $40,038 |
| 2006 | $1,509 +28.4% | $40,038 +28.4% |
| 2005 | $1,176 | $31,194 |
| 2004 | $1,176 | $31,194 |
| 2002 | $1,176 | $31,194 |
| 2001 | -- | $31,194 -60% |
| 2000 | -- | $77,986 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37334
Nearby schools
Schools provided by the listing agent
- Elementary: Blanche School
- Middle: Blanche School
- High: Fayetteville High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $690,600-- bd-- ba19k sqft301 College St W, Fayetteville, TN 37334Off Market
- $165,800-- bd1 ba2.6k sqft304 Washington St W, Fayetteville, TN 37334Off Market
- $130,600-- bd1 ba1.9k sqft200 Lincoln Ave N, Fayetteville, TN 37334Off Market
- $262,6003 bd2 ba2.6k sqft204 Lincoln Ave N, Fayetteville, TN 37334Off Market
Similar homes
- $389,0005 bd3 ba3.1k sqft405 Mulberry Ave, Fayetteville, TN 37334For Sale
MLS ID #3545108, Susan Allen. RealTracs MLS as distributed by MLS GRID - $449,0004 bd4 ba5k sqft85 Boonshill Rd, Fayetteville, TN 37334For Sale
MLS ID #3529043, Jack Cooter. RealTracs MLS as distributed by MLS GRID - $499,5004 bd4 ba3.3k sqft138 Shelbyville Hwy, Fayetteville, TN 37334For Sale
MLS ID #3514223, Cat Myers. RealTracs MLS as distributed by MLS GRID - $297,0003 bd3 ba4.5k sqft505 4th Ave, Fayetteville, TN 37334For Sale
MLS ID #3519347, Alyssa Roland / The Haven Group. RealTracs MLS as distributed by MLS GRID - $529,9005 bd3 ba3.4k sqft909 Greenview Dr, Fayetteville, TN 37334For SaleMLS ID #3272368, Jennifer B. Watson. RealTracs MLS as distributed by MLS GRID
- $630,0004 bd4 ba3.2k sqft305 Washington St E, Fayetteville, TN 37334For SaleMLS ID #3147087, Paul B. Richardson. RealTracs MLS as distributed by MLS GRID
- $550,0004 bd3 ba3.7k sqft502 Corders Crossroads Rd, Fayetteville, TN 37334For SaleMLS ID #3276764, Camilla (Millie) Vaughn. RealTracs MLS as distributed by MLS GRID
- $550,0003 bd2 ba3.3k sqft1210 Buckeye Rd, Fayetteville, TN 37334For SaleMLS ID #3262717, Jack Cooter. RealTracs MLS as distributed by MLS GRID
- $475,0003 bd2 ba3.4k sqft317 W Railroad St, Petersburg, TN 37144For SaleMLS ID #3165241, Janet Gonzalez Leblanc. RealTracs MLS as distributed by MLS GRID
