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Under contract - showing
  • $99,000

    5213 Austin Peay Hwy, Westmoreland, TN 37186

    12beds
    6baths
    2,761sqft
    : 
    $633/mo
    Get pre-qualified
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $36/sqft
    $-- HOA

    What's special

    Recently renovatedNew roofTwo hvac unitsExcellent visibilityAll new flooringSignificant road frontage
    Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses. This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.
    57 days
    |
    1,736
    |
    131
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Cara Hermes 931-334-3595,

    Realty One Group Music City 615-636-8244

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3247739MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 12
      • Bathrooms: 6
      Heating
      • Electric
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Laundry: Individual, Electric Dryer Hookup, Washer Hookup
      Features
      • Flooring: Carpet, Laminate, Luxury Vinyl
      Interior area
      • Total structure area: 2,761
      • Total interior livable area: 2,761 sqft
      • Finished area above ground: 2,761

      Property

      Parking
      • Total spaces: 8
      • Parking features: Aggregate, Concrete, Driveway
      • Uncovered spaces: 8
      Features
      • Levels: One
      • Stories: 1
      Lot
      • Size: 5,456 Square Feet
      • Dimensions: 62 x 88
      Details
      • Parcel number: 044D B 00100 000
      • Zoning: COM/RES
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Brick, Vinyl Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1950

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Available, Water Available

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
      • Subdivision: Downtown
      HOA
      • Has HOA: No
      Location
      • Region: Westmoreland

      Financial & listing details

      • Price per square foot: $36/sqft
      • Tax assessed value: $257,500
      • Annual tax amount: $2,319
      • Date on market: 6/26/2026
      • Date available: 02/11/2026
      • Inclusions: Appliances
      • Total actual rent: 3250
      • Tenant pays: Electricity, Water
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/4/2026Contingent$99,000$36/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3247739 Report a problem
        6/26/2026Listed for sale$99,000-56%$36/sqft
        Source: RealTracs MLS as distributed by MLS GRID #3247739 Report a problem
        3/3/2025Sold$225,000-64.6%$81/sqft
        Source: Public Record Report a problem
        3/9/2020Sold$635,000+373.9%$230/sqft
        Source: Public Record Report a problem
        11/12/2019Sold$134,000-32.7%$49/sqft
        Source: Public Record Report a problem
        10/16/2019Price change$199,000-5.2%$72/sqft
        Source: Keller Williams Realty #2081879 Report a problem
        9/28/2019Price change$210,000-4.5%$76/sqft
        Source: Keller Williams Realty #2081879 Report a problem
        9/16/2019Price change$220,000-4.3%$80/sqft
        Source: Keller Williams Realty #2081879 Report a problem
        8/29/2019Listed for sale$230,000+87%$83/sqft
        Source: Owner Report a problem
        4/26/2019Sold$123,000-5.3%$45/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2017990 Report a problem
        3/30/2019Price change$129,900-7.1%$47/sqft
        Source: Keller Williams Realty #2017990 Report a problem
        3/21/2019Price change$139,900-6.7%$51/sqft
        Source: Keller Williams Realty #2017990 Report a problem
        3/8/2019Listed for sale$149,900+54.5%$54/sqft
        Source: Keller Williams Realty #2017990 Report a problem
        2/28/2019Sold$97,000-7.5%$35/sqft
        Source: RealTracs MLS as distributed by MLS GRID #1967999 Report a problem
        1/14/2019Price change$104,900-8.8%$38/sqft
        Source: Gene Carman Real Estate & Auctions #1967999 Report a problem
        9/6/2018Listed for sale$115,000+170.6%$42/sqft
        Source: Gene Carman Real Estate & Auctions #1967999 Report a problem
        2/2/2018Sold$42,500-14.8%$15/sqft
        Source: Public Record Report a problem
        11/22/2017Price change$49,900-28.6%$18/sqft
        Source: The Sweet Agency, LLC #1862564 Report a problem
        9/11/2017Price change$69,900-24.8%$25/sqft
        Source: The Sweet Agency, LLC #1862564 Report a problem
        7/18/2017Price change$93,000-4.1%$34/sqft
        Source: EXP Realty #1839880 Report a problem
        7/10/2017Price change$97,000-1%$35/sqft
        Source: EXP Realty #1839880 Report a problem
        7/5/2017Price change$98,000-1%$35/sqft
        Source: EXP Realty #1839880 Report a problem
        6/24/2017Listed for sale$99,000+164%$36/sqft
        Source: EXP Realty #1839880 Report a problem
        4/12/2017Sold$37,500$14/sqft
        Source: Public Record Report a problem
        3/29/2017Pending sale$37,500$14/sqft
        Source: Gene Carman R. E. & Auction #1812607 Report a problem
        3/27/2017Listed for sale$37,500+78.6%$14/sqft
        Source: Gene Carman R. E. & Auction #1812607 Report a problem
        11/24/2004Sold$21,000$8/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,319 $64,375
        2024$2,319 +255.4%$64,375 +434.2%
        2023$652 -0.2%$12,050 -75%
        2022$654 +50%$48,200
        2021$436 $48,200
        2020$436 -33.3%$48,200
        2019$654 +155.7%$48,200 +5.5%
        2018$256 $45,700
        2017-- --
        2016-- --
        2015-- --
        2011$680 $19,874
        2010$680 $19,874
        2009$680 $19,874 0%
        2008-- $19,878 +1%
        2007$725 $19,690
        2006$725 +4.2%$19,690 +13%
        2005$695 $17,422
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 37186

        Getting around

        46 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Westmoreland Elementary
        • Middle: Westmoreland Middle School
        • High: Westmoreland 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.

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