419 Belmont Ave Shelbyville, TN 37160 New

UPDATED: 04/26/2026 01:10 PM ON MARKET: 9 days on market

$525,000

3,359 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,359 sqft

Price per Sqft $156

MLS Listing ID 3179883

HOA Y/N No

Year Built 1948

Annual Tax Amount $2,944

Lot Dimensions 102.5 X 150 IRR

Property Description

Investment opportunity in one of Shelbyville's most established residential areas, just minutes from the historic downtown square. Located on Belmont Ave—one of the city's oldest corridors known for its historic homes and architectural character—this 5-unit brick apartment building offers strong rental appeal driven by location and walkability.

Unit mix includes two 2BR/1BA units, two 1BR/1BA units, and a Studio apt with Bath which is Unit 5 (rents at $650/month).
Two units are currently vacant, providing immediate value-add potential with projected rents of ~$950 (2BR) and ~$850 (1BR).
Units 2,3,4 are accessed through the interior. Units 1 and 5 are accessed from their own small deck on each side of the building.
We have a one BR Vacant unit available for showings.

Improvements within ~4-5 years include roof, kitchen & bath updates, new foundation drainage system, and main sewer line replacement. Owner currently pays utilities and lawn care

Convenient access to Murfreesboro and Nashville. Ideal for investors seeking immediate income with upside potential. *Income & operating expense figures are from 2025.


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