$8,894 Closing Credit¹
#1280516, Listing Office: Alliance Sotheby's Internation
$650,000 List price
205/207 E Washington Ave Athens, TN 37303
$7,719
Closing credit¹
5,412 sqft
0.08 acres
$120 / sqft
House
Property details
About 205/207 E Washington Ave
Huge income potential in Downtown Athens! Located in the heart of the city this property currently produces a gross income of over $100k a year and yields a 14% CAP rate. A return like this is unheard of! This property has so much to offer nearby and is conveniently walkable to restaurants, a coffee shop, shopping, and Tennessee Wesleyan University. It is the perfect property to own as the downtown area grows. All of the occupants have shared living agreements and pay weekly for their units. As you walk upstairs you will find a hallway with new flooring that leads to six individual rooms, a shared kitchen with newer cabinets, and shared single restrooms assigned by gender. The kitchen provides an electric stove/oven, refrigerator, and microwave that is shared by the occupants. In addition to the individual rooms, this building also boasts one full one bedroom apartment unit upstairs and two downstairs. All three of the one bedroom units have been remodeled. Unit 205 is a commercial space with hardwood floors, currently being rented as a boutique with large display windows that look out to Washington Ave. Don't miss out on the rare chance to own this piece of Downtown Athens.
Highlights
Home typeOther
HeatingCeiling, Natural Gas, Baseboard, Electric
StatusSale Pending
(Pending - Continue to Show - Financing)
(Pending - Continue to Show - Financing)
CoolingOther
Size5,412 sqft
Lot size0.08 Acres
Year built1937
ParkingOn-Street Parking
MLS #1285504
Summary
- MLS Number: 1285504
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: VonKeith Properties
- Office Phone: (818) 590-5842
- Office Email: caleb@vonkeith.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$650,000
205/207 E Washington Ave
$7,719
closing credit¹
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Seller rebate
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Price information
Property sales
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Tax history
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Nearby schools
6
Westside Elementary School
Public District 3-5
0.8 mi
•700 Westside St
5
North City Elementary School
Public District 3-5
1.3 mi
•1601 Palos St
6
Meigs North Elementary School
Public District PK-5
12.6 mi
•22015 State Highway 58 N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,500. Typical income of Athens, TN residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
64%
<35k
33%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
12%
Single, with Kids
26%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Extreme Sports
Pro Wrestling
Where do the neighbors shop?
Kmart
Academy Sports & Outdoors
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Little Caesars
Sonic
What do the neighbors drive?
Buick
Chevrolet
Oldsmobile
What do the neighbors listen to?
Oldies
Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 205/207 E Washington Ave
This home is located at 205/207 E Washington Ave in Athens, TN and zip code 37303. This 5,412 square foot home, which was built in 1937, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since December 26, 2024 and is currently priced at $650,000.
Athens, TN housing market in February 2025 saw over 5 listings sold above listed price, more than 5 sold at listed price and over 11 sold below. The inventory of homes for sale in Athens, TN between January and February 2025 increased by 2.1%. Listings spent 86 days on the market in February 2025, and had a median list price of $269,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.