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$499,900 - 419 Belmont Ave, Shelbyville

-
Bedrooms
-
Baths
3,359
SQ. Feet
1948
Year Built

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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Essential Information

  • MLS® #:
    3179883
  • Price:
    $499,900
  • Bathrooms:
    0.00
  • Square Footage:
    3,359
  • Acres:
    0.00
  • Year Built:
    1948
  • Type:
    Residential Income
  • Status:
    Active

Community Information

  • Address:
    419 Belmont Ave
  • Subdivision:
    None
  • City:
    Shelbyville
  • County:
    Bedford County, TN
  • State:
    TN
  • Zip Code:
    37160

Amenities

  • Utilities:
    Water Available
  • Garages:
    Parking Lot

Interior

  • Heating:
    Baseboard
  • Cooling:
    Wall/Window Unit(s)
  • # of Stories:
    2

Exterior

  • Roof:
    Shingle
  • Construction:
    Brick

School Information

  • Elementary:
    East Side Elementary
  • Middle:
    Harris Middle School
  • High:
    Shelbyville Central High School

Additional Information

  • Date Listed:
    April 20th, 2026
  • Days on Market:
    70
  • Zoning:
    Commercial

Listing Details

  • Listing Office:
    Cannontown Real Estate

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Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.

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Listing information last updated on July 1st, 2026 at 1:24am CDT.

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