Athens Quadplex

For Sale

2133 West Madison Avenue, Athens, TN 37303

This Athens property for sale is located at 2133 West Madison Avenue. The current listed sale price for Athens Quadplex is $650,000. Athens Quadplex is situated on a lot that is 1.9 acre in size.

Contacts

Molly Marcum

Rise Partners

Property Details

  • Property Type Multi-Family
  • Property Size 4,096 SF
  • Units 4
  • Lot Size 1.9 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1987
  • Year Renovated 2023
  • Date Updated Apr 6, 2026
Athens, Tennessee serves as the commercial and employment hub of McMinn County along the Interstate 75 corridor between Chattanooga and Knoxville. The area benefits from steady workforce demand supported by major employers including DENSO Manufacturing Tennessee, Inc. and Starr Regional Medical Center, along with student activity at Tennessee Wesleyan University. Retail and daily-needs amenities are concentrated around Athens Plaza Shopping Center and Regional Park (Athens, Tennessee), while the historic McMinn County Courthouse anchors the revitalized downtown district of restaurants and services. The location provides convenient access to regional logistics routes via Interstate 75, supporting stable rental demand from commuters, healthcare workers, and industrial employees.This is a unique opportunity to acquire a small multifamily asset with a very clear path to scale in a tight rental market. The property includes an existing four-unit building that is producing income today, but the real opportunity is the ability to expand the site with four additional six-unit buildings. An investor can hold and operate the current units while building out the remainder of the project in phases. The area continues to show steady rental demand driven by nearby employers and commuters between Chattanooga and Knoxville, with very limited new workforce housing supply. This allows a buyer to step into immediate cash flow while creating a much larger multifamily footprint over time, improving operating efficiencies and long-term value as the project is completed.
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Highlights

  • 1.9± acre site with additional multifamily density potential
  • Ability to improve operational efficiencies as additional buildings are delivered
  • Attractive option for investors seeking a covered land play rather than raw development
  • Existing 4-plex provides immediate in-place income
  • Limited new workforce housing supply in the immediate trade area
  • Located minutes from downtown, retail, schools, and major employers
  • Phased construction opportunity, build while maintaining current cash flow
  • Planned expansion to four additional 6-unit buildings (24 additional units)
  • Plans already prepared, allowing a buyer to move directly into permitting and development
  • Positioned for long-term rent growth and appreciation as units are added
  • Scalable project size, grow from a small asset to a 28-unit community
  • Strong access to primary corridors and convenient to I-75

Attachments

Getting around

  • 13/100

    Walk Score ®

  • 17/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Athens, TN
  • Zip Code 37303
  • Market Chattanooga

Points of Interest

  • BP

    0.73 miles

  • Citgo

    1.07 miles

  • Circle K

    2.22 miles

  • Mobil

    2.27 miles

  • Exxon

    2.39 miles

  • Shell

    2.49 miles

  • Jiffy

    2.51 miles

  • 76

    2.54 miles

  • car parking

    3.44 miles

  • truck parking

    3.46 miles

  • Super 8

    1.99 miles

  • Days Inn

    2.02 miles

  • Motel 6

    2.26 miles

  • Econo Lodge

    2.29 miles

  • Hampton Inn & Suites

    2.31 miles

  • Holiday Inn

    2.32 miles

  • Comfort Inn

    2.60 miles

  • Americas Best Value Inn

    2.63 miles

  • Fairfield Inn & Suites Athens

    2.64 miles

  • Athens Lodge

    4.78 miles

  • Big Lots

    0.93 miles

  • United Grocery Outlet

    0.95 miles

  • ALDI

    1.12 miles

  • Belk

    1.14 miles

  • IGA Supermarket

    1.20 miles

  • Walmart Supercenter

    1.20 miles

  • Food City

    1.91 miles

  • Save-A-Lot

    2.09 miles

  • Piggly Wiggly

    8.92 miles

Contact Listing Broker
Molly Marcum

Rise Partners

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