1405 Highland Ave Columbia, TN 38401 Sold on 07/29/2026

$356,000

$345,000 3.2%

2,051 SqFt

Key Details

Sold Price $356,0003.2%

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,051 sqft

Price per Sqft $173

MLS Listing ID 3251108

Sold Date 07/29/26

HOA Y/N No

Year Built 1936

Annual Tax Amount $2,340

Lot Dimensions 53X92 IRR

Property Description

1405 Highland Ave is a centrally located stone triplex that blends historic character with proven investment performance. Located just steps from Columbia's thriving Arts District, the property is walkable to downtown restaurants, coffee shops, boutiques, and local favorites, positioning it in one of the city's most desirable high-traffic corridors.
This commercially zoned property (CD-3) has operated as a consistent cash-flowing rental for years and offers both stability and future upside. Last appraised at $375,000 in 2023, the property presents an excellent opportunity for investors seeking a workforce-grade rental with value-add potential through strategic cosmetic improvements and finish upgrades.
The property currently has two vacant units available for showing, while Unit #1 is occupied by a long-term legacy tenant on a month-to-month lease.

Capital improvements include approximately $30,000 in foundation work completed in 2021, new water heaters installed in 2024, and updated flooring in Unit #2 completed in 2021.

Seller is open to creative purchase structures including seller financing and lease-to-own terms for qualified buyers.


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