303 S Poplar St, Paris, TN 38242
Local realty services provided by:ERA Chappell & Associates Realty & Rental
303 S Poplar St,Paris, TN 38242
$1,800,000
- - Beds
- - Baths
- 16,876 sq. ft.
- Multi-family
- Active
Listed by: kunal patel, brian truman
Office: svn accel commercial real estate
MLS#:3279199
Source:NASHVILLE
Price summary
- Price:$1,800,000
- Price per sq. ft.:$106.66
About this home
SVN | Accel Commercial Real Estate is pleased to present 303 Flats, a 28-unit multifamily investment opportunity located at 303 S. Poplar Street in Paris, Tennessee. This substantially renovated asset presents investors with the opportunity to acquire a well-positioned apartment community featuring immediate in-place cash flow, strong occupancy, and continued upside through lease-up and future rent growth.
Situated on 0.784 acres, 303 Flats encompasses approximately 16,876 square feet, including 15,750 sf of residential space across 28 units. The property's diverse unit mix consists of (13) studio units, (10) one-bedroom/one-bathroom units, (4) two-bedroom/one-bathroom units, and (1) two-bedroom/one-and-one-half-bathroom unit. The remaining square footage includes an on-site office, maintenance area, and laundry facilities. Currently 93% occupied, the property offers investors an opportunity to increase occupancy and further enhance cash flow.
Ownership has completed an extensive renovation program across 25 of the property's 28 units, investing in new flooring, cabinets, appliances, lighting fixtures, trim and baseboards, ceiling fans, bathroom vanities, and interior paint. Significant exterior and capital improvements include fresh exterior paint, a newly paved parking lot, and approximately $20,000 in foundation repairs, creating a highly attractive, low-maintenance investment opportunity with limited near-term capital expenditure requirements.
The sale includes 3 parcels, including two land parcels located behind the existing building....
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Home facts
- Year built:1940
- Subdivision & Development:n/a
- Listing ID #:3279199
- Added:52 day(s) ago
- Updated:September 05, 2026 at 02:48 PM
Rooms and interior
- Flooring:Vinyl
- Living area:16,876 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1940
- Building area:16,876 sq. ft.
- Construction Materials:Brick
- Levels:2 Story
Schools
- High school:Henry Co High School
- Middle school:W O Inman Middle School
- Elementary school:W G Rhea Elementary
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,800,000
- Price per sq. ft.:$106.66
- Tax amount:$3,548
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