2133 W Madison Ave - Apartments FOR SALE


Athens, TN 37303
$650,000 USD
423-508-5265
2133 W Madison Ave, Athens, TN for Sale
$650,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

2133 W Madison Ave
Athens, TN 37303


OVERVIEW

Value-add multifamily offering with clear expansion upside. The asset includes an existing four-unit apartment building generating in-place income on approximately 1.9 acres. The primary investment opportunity is the ability to expand the community with four additional six-unit buildings, allowing a buyer to grow the project to 28 total units through phased construction. Site plans have been prepared, enabling a purchaser to move into permitting and development while maintaining current operations. The location benefits from strong rental demand supported by nearby employment, schools, and convenient access to I-75 and the Chattanooga–Knoxville corridor. Limited workforce housing supply in the immediate area supports long-term occupancy and rent growth. Ideal for an investor or regional operator seeking a covered land play with existing cash flow and a defined path to increased density and future value creation.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

4

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Athens Quadplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C

APN/PARCEL ID

065-018.00

ASK ABOUT THIS PROPERTY

Molly MarcumRise PartnersMore Info
423-508-5265

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Molly MarcumRise PartnersMore Info
423-508-5265

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.