This is an exceptional investment opportunity featuring 8 rental units across three separate properties, with significant value add potential. Two tenants vacated when learning of the sale, but the remaining tenants have been in place for years and have a strong payment history. Excellent opportunity to get tenants to market rates!
The property offers a mix of unit types to appeal to a wide range of renters. There are two 2-bedroom, 1-bath duplex units, three studio-style efficiency apartments, each with 1 bath, and a house with two 2 bedroom, 1 bath downstairs units.
All buildings separately metered! Recent updates include a new septic pump installed in 2024 and HVAC servicing for the triplex completed in December 2024. This property offers a unique opportunity to capitalize on below-market rents and long-term tenants with a strong payment history, making it an ideal investment for those seeking stable cash flow and future growth potential.
Closed
$375,000
6966 Park Dr, Lyles, TN 37098
9beds
--baths
4,640sqft
Multi Family
Built in 1994
-- sqft lot
$379,900 Zestimate®
$81/sqft
$1,227 Estimated rent
Home value
$379,900
Estimated sales range
Not available
$1,227/mo
Zestimate® history
Owner options
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$1,227/mo
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$1,227/mo
Rent Zestimate®
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$2,230/mo
Est. payment
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$2,230/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Kaysie Banville 615-393-0018,
Keller Williams Realty Nashville/Franklin
Bought with:
Ryan Rogers, 359888
RE/MAX Choice Properties
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3001392
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Individual, Electric Dryer Hookup
Features
- Flooring: Vinyl
Interior area
- Total structure area: 4,640
- Total interior livable area: 4,640 sqft
- Finished area above ground: 4,640
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.52 Acres
- Dimensions: 114 x 200
Details
- Parcel number: 041038 14200 00005038
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Milton Brooks
HOA
- Has HOA: No
Location
- Region: Lyles
Financial & listing details
- Price per square foot: $81/sqft
- Tax assessed value: $110,400
- Annual tax amount: $644
- Date on market: 9/24/2025
- Inclusions: Negotiable
- Total actual rent: 6400
Price history
| Date | Event | Price |
|---|---|---|
| 12/31/2025 | Sold | $375,000-6.2%$81/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3001392 Report a problem | ||
| 12/1/2025 | Contingent | $399,900$86/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3001392 Report a problem | ||
| 9/24/2025 | Listed for sale | $399,900-5.9%$86/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3001392 Report a problem | ||
| 9/23/2025 | Listing removed | $425,000$92/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2963910 Report a problem | ||
| 7/30/2025 | Listed for sale | $425,000-5.5%$92/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2963910 Report a problem | ||
| 7/29/2025 | Listing removed | $449,900$97/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2882905 Report a problem | ||
| 5/12/2025 | Listed for sale | $449,900-10%$97/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2882905 Report a problem | ||
| 5/9/2025 | Listing removed | $499,900$108/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2812065 Report a problem | ||
| 4/2/2025 | Listed for sale | $499,900-10.7%$108/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2812065 Report a problem | ||
| 3/31/2025 | Listing removed | $559,900$121/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2780457 Report a problem | ||
| 3/3/2025 | Price change | $559,900-6.7%$121/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2780457 Report a problem | ||
| 1/21/2025 | Listed for sale | $600,000$129/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2780457 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $734 +3.5% | $27,600 |
| 2024 | $709 +10.2% | $27,600 |
| 2023 | $644 | $27,600 |
| 2022 | $644 | $27,600 +24.2% |
| 2021 | -- | $22,225 |
| 2020 | -- | $22,225 |
| 2018 | $1,244 | $22,225 +2.3% |
| 2017 | $1,244 +94.7% | $21,725 |
| 2016 | $639 +15.8% | $21,725 +0% |
| 2014 | $552 | $21,721 |
| 2013 | -- | $21,721 -1.7% |
| 2012 | $530 | $22,099 |
| 2011 | $530 +0.1% | $22,099 |
| 2010 | $530 | $22,099 |
| 2009 | $530 | $22,099 |
| 2008 | -- | $22,099 +11% |
| 2007 | $579 +3.9% | $19,913 |
| 2006 | $558 | $19,913 |
| 2005 | $558 +4.3% | $19,913 +4.3% |
| 2004 | $535 +19.2% | $19,094 +12.4% |
| 2002 | $448 | $16,983 |
| 2001 | -- | $16,983 -75% |
| 2000 | -- | $67,931 |
Find assessor info on the county website
Neighborhood: 37098
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Nearby schools
GreatSchools rating
- NAEast Hickman Elementary SchoolGrades: PK-2Distance: 1.2 mi
- 4/10East Hickman Middle SchoolGrades: 6-8Distance: 1.4 mi
- 3/10East Hickman High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: East Hickman Elementary
- Middle: East Hickman Middle School
- High: East Hickman 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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- Tennessee
- Hickman County
- Lyles
- 37098
- 6966 Park Dr
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