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South Jackson St. Apartments 1 Multifamily Properties Offered at $1,675,000 in Athens, TN

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Investment Highlights

  • Walking distance to Tennessee Wesleyan University
  • Same ownership for ~30 yrs. with a dedicated maintenance team
  • Consistent and Stable Income

Executive Summary

Offered for sale is a 16-unit, 3 building, multifamily portfolio representing a portion of a larger, locally owned rental portfolio. The assets have been owned and operated for over 30 years by a long-term owner with a dedicated, full-time in-house professional maintenance team. This results in , resulting in consistent standards of care, stable occupancy, and predictable operating performance. Many of the tenants are 5 plus years old and rents have not been increased.

Attachments

FINAL_16_Unit_Multifamily_Master_Listing
Evaluation 146
Evaluation 128
Evlauation 145

Data Room Click Here to Access

Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access

Annual
Gross Rental Income $99,999
Other Income $99,999
Vacancy Loss $99,999
Effective Gross Income $99,999
Taxes -
Operating Expenses -
Total Expenses $99,999
Net Operating Income $99,999

Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Other Income
Annual $99,999
Vacancy Loss
Annual $99,999
Effective Gross Income
Annual $99,999
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $99,999
Net Operating Income
Annual $99,999

Property Facts

Price $1,675,000
Price / SF $335.00 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Cap Rate 7.14%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 5,000 SF
Total Land Area 0.22 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
128 S Jackson St, Athens, TN 37303 Multifamily 5,000 SF 1950 -
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  • Listing ID: 39292291

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: South Jackson St. Apartments, Athens, TN

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