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Athens Quadplex 2133 W Madison Ave 4 Unit Apartment Building $650,000 ($162,500/Unit) Athens, TN 37303
Executive Summary
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.
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.
Property Facts
| Price | $650,000 | Building Class | B |
| Price Per Unit | $162,500 | Lot Size | 1.90 AC |
| Sale Type | Investment | Building Size | 4,096 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1986/2023 |
| Apartment Style | Garden | ||
| Zoning | C - Commercial | ||
| Price | $650,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.90 AC |
| Building Size | 4,096 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2023 |
| Zoning | C - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
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Athens Quadplex | 2133 W Madison Ave
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