5213 Austin Peay Hwy, Westmoreland, TN 37186
Local realty services provided by:Better Homes and Gardens Real Estate Heritage Group
5213 Austin Peay Hwy,Westmoreland, TN 37186
$99,000
- - Beds
- - Baths
- 2,761 sq. ft.
- Multi-family
- Active
Listed by: cara hermes
Office: realty one group music city
MLS#:3247739
Source:NASHVILLE
Price summary
- Price:$99,000
- Price per sq. ft.:$35.86
About this home
Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including a new roof, two brand-new HVAC units, and all new flooring, significantly reducing future maintenance expenses. This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential....
Contact an agent
Home facts
- Year built:1950
- Subdivision & Development:Downtown
- Listing ID #:3247739
- Added:50 day(s) ago
- Updated:August 13, 2026 at 02:32 PM
Rooms and interior
- Flooring:Carpet, Laminate
- Living area:2,761 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Metal
- Year built:1950
- Building area:2,761 sq. ft.
- Construction Materials:Brick, Vinyl Siding
- Levels:1 Story
Schools
- High school:Westmoreland High School
- Middle school:Westmoreland Middle School
- Elementary school:Westmoreland Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$99,000
- Price per sq. ft.:$35.86
- Tax amount:$2,319
Features and amenities
- Amenities:Fire Alarm, Smoke Detector(s)
Parking
- Total parking spaces:8
- Parking description:Aggregate, Concrete, Driveway
New listings near 5213 Austin Peay Hwy
- New
$239,900Active1.64 Acres5297 Hwy 31e, Westmoreland, TN 37186
MLS# 3500883Listed by: GENE CARMAN REAL ESTATE & AUCTIONS - New
$59,900Active2 beds 1 baths768 sq. ft.1225 Pleasant Grove Rd, Westmoreland, TN 37186
MLS# 3333669Listed by: FULL CIRCLE REALTY
$344,990Pending4 beds 3 baths2,011 sq. ft.910 June Court, Westmoreland, TN 37186
MLS# 3322928Listed by: LENNAR SALES CORP.- New
$199,900Active3 beds 1 baths1,554 sq. ft.1106 Rainbow Cir, Westmoreland, TN 37186
MLS# 3320559Listed by: THE REALTY FIRM - SMITHVILLE - New
$284,500Active3 beds 1 baths1,482 sq. ft.5107 Austin Peay Hwy, Westmoreland, TN 37186
MLS# 3319177Listed by: SIMPLIHOM - Coming Soon
$349,900Coming Soon4 beds 3 baths641 Emerson Ln, Westmoreland, TN 37186
MLS# 3311598Listed by: EXIT REALTY REFINED
$349,990Active4 beds 3 baths2,465 sq. ft.508 Emerson Lane, Westmoreland, TN 37186
MLS# 3309405Listed by: LENNAR SALES CORP.
$119,900Active11.99 Acres0 New Highway 52, Westmoreland, TN 37186
MLS# 3305084Listed by: GENE CARMAN REAL ESTATE & AUCTIONS
$119,900Active8.85 Acres0 Old Highway 52, Westmoreland, TN 37186
MLS# 3305086Listed by: GENE CARMAN REAL ESTATE & AUCTIONS
$525,900Active-- beds -- baths2,550 sq. ft.1721 Pleasant Grove Rd, Westmoreland, TN 37186
MLS# 3298084Listed by: HILLSIDE REAL ESTATE LLC