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5213 Austin Peay Hwy, 
Westmoreland, TN 37186

$99,000


Bed


Bath


2,761

Sq Ft


Multi-Family

Active

Listed by

Cara Hermes

Realty One Group Music City

615-636-8244

Last updated:

September 14, 2026, 02:39 PM

MLS#

3247739

Source:

NASHVILLE

About This Home

5213 Austin Peay Hwy

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.

Home Facts

Multi-Family

Built in 1950

Subdivision & Development:

Downtown

Price Summary

99,000

$35 per Sq. Ft.

MLS #:

3247739

Last Updated:

September 14, 2026, 02:39 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

2,761 Sq. Ft.


Structure

Structure

Building Area:

2,761 Sq. Ft.

Year Built:

1950


Finances & Disclosures

Finances

Price:

$99,000

Price per Sq. Ft:

$35 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.