Tremendous capital-producing investment with upside! Offering a 43 unit apartment complex in Jamestown, TN with a strong cap rate around 8%. These units have an impressive high occupancy history and potential to increase cash flow (the only units not currently occupied are the ones undergoing a remodel). Current owners have updated approximately 25% of the units (in transition time between tenants), and they continue to improve this asset as we go to market. Turn-key operation with immediate cash flow. This real estate will appreciate in value as you profit from the cash flow that results from the impressive cap rate.
For sale
$3,200,000
340 Briar Ave W, Jamestown, TN 38556
--beds
--baths
25,980sqft
:
Get pre-qualified$18,776/mo
Apartments
Built in 1993
-- sqft lot
$-- Zestimate®
$123/sqft
$-- HOA
What's special
- 142 days |
- 64 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Landon Dickerson,
True North Real Estate Services, LLC 931-837-7355,
Peter Ferguson,
True North Real Estate Services, LLC
Source: UCMLS,MLS#: 242556
Facts & features
Interior
Heating
- Electric
Cooling
- Central Air
Features
- Basement: Crawl Space
Interior area
- Total structure area: 25,980
- Total interior livable area: 25,980 sqft
Video & virtual tour
Property
Lot
- Size: 5.74 Acres
- Dimensions: 5.74ac
Details
- Parcel number: 004.00
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartments
Materials
- Vinyl Siding
- Roof: Metal
Condition
- Year built: 1993
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Utility District
Community & HOA
HOA
- Has HOA: No
Location
- Region: Jamestown
Financial & listing details
- Price per square foot: $123/sqft
- Tax assessed value: $987,700
- Annual tax amount: $7,316
- Date on market: 3/4/2026
- Listing terms: Conventional,FHA,Other
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,649/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Price change | $3,200,000-8.6%$123/sqft |
Source:  UCMLS #242556 Report a problem | ||
| 3/4/2026 | Listed for sale | $3,500,000+32.1%$135/sqft |
Source: UCMLS #242556 Report a problem | ||
| 10/30/2024 | Sold | $2,650,000-8.6%$102/sqft |
Source: UCMLS #228217 Report a problem | ||
| 6/25/2024 | Listed for sale | $2,900,000+0%$112/sqft |
Source: UCMLS #228217 Report a problem | ||
| 12/6/2023 | Listing removed | $2,899,000$112/sqft |
Source: UCMLS #219318 Report a problem | ||
| 6/6/2023 | Listed for sale | $2,899,000+5.4%$112/sqft |
Source: UCMLS #219318 Report a problem | ||
| 1/15/2023 | Listing removed | $2,750,000$106/sqft |
Source: UCMLS #215149 Report a problem | ||
| 9/20/2022 | Price change | $2,750,000-26.7%$106/sqft |
Source: UCMLS #215149 Report a problem | ||
| 7/15/2022 | Listed for sale | $3,750,000+476.9%$144/sqft |
Source: UCMLS #211917 Report a problem | ||
| 5/24/2013 | Sold | $650,000-21.7%$25/sqft |
Source: Public Record Report a problem | ||
| 9/25/2010 | Listing removed | $829,900$32/sqft |
Source: Systems Engineering, Inc. #145294 Report a problem | ||
| 3/27/2010 | Listed for sale | $829,900$32/sqft |
Source: Southern Star Realty #706238 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,317 | $395,080 |
| 2024 | $7,317 | $395,080 |
| 2023 | $7,317 +21.5% | $395,080 +72.5% |
| 2022 | $6,024 | $229,040 |
| 2021 | $6,024 | $229,040 |
| 2020 | $6,024 | $229,040 |
| 2019 | $6,024 | $229,040 |
| 2018 | $6,024 +37.7% | $229,040 +8.1% |
| 2017 | $4,375 +4.1% | $211,880 |
| 2016 | $4,203 -26.6% | $211,880 |
| 2015 | $5,729 | $211,880 |
| 2014 | $5,729 | $211,880 |
| 2013 | $5,729 +8.2% | $211,880 +1.2% |
| 2011 | $5,295 | $209,272 |
| 2010 | $5,295 +26.1% | $209,272 -6.3% |
| 2007 | $4,200 -25.7% | $223,406 |
| 2006 | $5,652 +46.9% | $223,406 +46.9% |
| 2005 | $3,848 | $152,092 |
| 2002 | $3,848 | $152,092 |
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: 38556
Nearby schools
GreatSchools rating
- 5/10York Elementary SchoolGrades: PK-8Distance: 0.8 mi
- 7/10Clarkrange High SchoolGrades: 9-12Distance: 14 mi
- 6/10Pine Haven Elementary SchoolGrades: PK-8Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
