Rare Find!... Great Investment Opportunity for a Multifamily Unit in the heart of Gallatin. Rents are much lower than market rate for 3 of the 4 units. Gross Rents should be closer to $44k per year. Unit 2 is a new tenant and placed at market rent recently. The other 3 units have long time renters. Unit 1 - 2016. Unit 3 - 2018. Unit 4 - 1999. Unit 4 has W/D hook-ups and is 2 bedroom unit. All others are 1 bedroom units. Unit 3 is an efficiency unit. ***Do not bother tenants and do access property without permission.***
Closed
$475,000
636 N Water Ave, Gallatin, TN 37066
5beds
4baths
3,205sqft
Multi Family
Built in 1944
-- sqft lot
$483,500 Zestimate®
$148/sqft
$1,645 Estimated rent
Home value
$483,500
$450,000 - $517,000
$1,645/mo
Zestimate® history
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$2,702/mo
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Zillow last checked:
Listing updated:
Listed by:
Jacob Adcock 615-300-1217,
The Adcock Group,
Chris Helson 615-804-5000,
RCH Properties
Bought with:
Bernie Gallerani, 295782
Bernie Gallerani Real Estate
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2663455
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric, Wall/Window Unit(s)
Appliances
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Wood
- Has fireplace: No
Interior area
- Total structure area: 3,205
- Total interior livable area: 3,205 sqft
- Finished area above ground: 3,205
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.25 Acres
- Dimensions: 70 x 156 M
Details
- Parcel number: 113K B 01800 000
- Zoning: Commercial
- Special conditions: Owner Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick, Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: Douglas Hgts
HOA
- Has HOA: No
Location
- Region: Gallatin
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $332,800
- Annual tax amount: $1,405
- Date on market: 6/5/2024
- Inclusions: Appln
- Total actual rent: 3055
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2024 | Sold | $475,000-5%$148/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2663455 Report a problem | ||
| 8/24/2024 | Listing removed | $499,900-4.8%$156/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2663455 Report a problem | ||
| 7/18/2024 | Price change | $525,000-4.5%$164/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2663455 Report a problem | ||
| 6/5/2024 | Listed for sale | $550,000+323.1%$172/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2663455 Report a problem | ||
| 1/17/2015 | Listing removed | $525 |
Source: Point2 #1594937 Report a problem | ||
| 12/10/2014 | Listed for rent | $525+16.7% |
Source: RCH Properties #1594937 Report a problem | ||
| 1/12/2013 | Listing removed | $450 |
Source: RCH Properties #1414358 Report a problem | ||
| 1/2/2013 | Sold | $130,000-13.3%$41/sqft |
Source: Public Record Report a problem | ||
| 12/20/2012 | Listed for rent | $450 |
Source: RCH Properties #1414358 Report a problem | ||
| 4/30/2010 | Sold | $150,000+66.7%$47/sqft |
Source: Public Record Report a problem | ||
| 11/14/1996 | Sold | $90,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,597 | $83,200 |
| 2024 | $2,597 +84.8% | $83,200 +189.1% |
| 2023 | $1,405 -0.3% | $28,775 -75% |
| 2022 | $1,409 +35.3% | $115,100 |
| 2021 | $1,041 | $115,100 |
| 2020 | $1,041 -26.1% | $115,100 |
| 2019 | $1,410 +530.1% | $115,100 +103.7% |
| 2018 | $224 | $56,500 |
| 2017 | -- | -- |
| 2016 | -- | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2011 | $901 -32.9% | $44,573 |
| 2010 | $1,342 -36.6% | $44,573 -36.6% |
| 2009 | $2,116 | $70,266 |
| 2008 | -- | $70,266 +16.6% |
| 2007 | $2,048 | $60,248 |
| 2006 | $2,048 +4.7% | $60,248 +14.2% |
| 2005 | $1,957 | $52,738 |
| 2004 | $1,957 | $52,738 |
| 2002 | $1,957 | $52,738 +17.8% |
| 2001 | -- | $44,764 -60% |
| 2000 | -- | $111,910 |
Find assessor info on the county website
Neighborhood: 37066
Nearby homes
- $238,7001 bd1 ba650 sqft636 N Water Ave APT B, Gallatin, TN 37066Off Market
- $--1 bd1 ba525 sqft636 N Water Ave APT C, Gallatin, TN 37066Off Market
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- $249,0003 bd2 ba1.3k sqft118 W Jackson St, Gallatin, TN 37066Sold
- $342,5004 bd2 ba2.3k sqft650 N Water Ave, Gallatin, TN 37066Off Market
- $535,500-- bd3 ba5.5k sqft622 N Water Ave, Gallatin, TN 37066Off Market
- $227,8003 bd2 ba1.1k sqft122 W Jackson St, Gallatin, TN 37066Off Market
- $489,3006 bd3 ba3.5k sqft125 W Jackson St, Gallatin, TN 37066Off Market
Nearby schools
GreatSchools rating
- 5/10Benny C. Bills Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Joe Shafer Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Gallatin Senior High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Benny C. Bills Elementary School
- Middle: Joe Shafer Middle School
- High: Gallatin Senior 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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Estimated market value
$483,500
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$483,500
- Tennessee
- Sumner County
- Gallatin
- 37066
- 636 N Water Ave
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Other Gallatin Topics
