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615-561-0586
Richardson Real Estate
1405 Highland Ave, Columbia, TN 38401
- $356,000
- 2,051
- SqFt
- Sold Price
- $356,000
- List Price
- $345,000
- Closing Date
- Jul 29, 2026
- MLS#
- 3251108
- Days on Market
- 33
- Property Type
- Multifamily
- Sqft. of Residence
- 2,051
- County
- Maury
- Status
- CLOSED
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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Additional Information
- Elementary School
- Highland Park Elementary
- High School
- Columbia Central High School
- Living Area
- 2,051
- Lot Dimensions
- 53X92 IRR
- Number Of Units
- 3
- Subdivision
- N/A
- Year Built
- 1936
- Zoning
- CD-4
- Type
- Multifamily
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Listing courtesy of simpliHOM. Selling Office: Keller Williams Realty.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.