530 Spencer Ave, Gallatin, Tennessee 37066
TN, Gallatin-
Active Status
-
8 Dayz On Cribz Total Days
-
Commercial Sale Property Type
-
1725 Total Sqft $174/sqft
-
1920 Year Built
-
Mortgage Wizard 3000 Advanced Breakdown
Questions? Connect With Us!
Multiple offers received. Please submit your highest and best offers with a minimum deadline of Sunday, 8/31, at 5:00 PM. Immediate Investment Opportunity! Multi-unit property in Gallatin! 530 Spencer Ave presents a rare opportunity to own three income-producing units across two homes, with long-term tenants already in place for more than three years each. The main house, originally built in 1920, is divided into two units. The lower unit, 530A, offers approximately 1,150 square feet with two bedrooms, one bathroom, a large living room, and a separate dining area. The upper unit, 530B includes one bedroom, one bathroom, and a bonus room. In addition to the main house, the property also features a detached single-family home at 213 Factory Street, estimated at around 800 square feet, which includes two bedrooms and one bathroom. Recent upgrades add to the appeal of this investment, with new roofs installed on all buildings in May 2021. The property benefits from a stable rental history, solid tenant base, and valuable multi-unit flexibility, offering both consistent cash flow and strong long-term appreciation potential. For investors seeking a property with proven performance, this is a unique opportunity to expand or start a rental portfolio in a desirable location. Up to 1% lender credit if buyer uses Seller’s Preferred Lender.
- Property Type: Commercial Sale
- Listing Type: For Sale
- MLS #: 2981289
- Price: $300,000
- Year Built: 1920
- Lot Area: 0.24 Acre
- Office Name: The Ashton Real Estate Group of RE/MAX Advantage
- Agent Name: Gary Ashton
- Property Sub Type: Mixed Use
- Listing Status: Active
- Street Number: 530
- Street: Spencer Ave
- City Gallatin
- State TN
- Zipcode 37066
- County Sumner County, TN
- Zoning: COM
- Directions: From Downtown Gallatin, South Water Ave toward Lebanon, Right on Factory St, Both Homes on Left at corner of Spencer & Factory St.
- Building Size: 1,725 Sqft
- On Market Date: August 26th, 2025
- Previous Price: $300,000
- Co List Agent Full Name: G (Guhdar) Nebi
- Co List Office Name: The Ashton Real Estate Group of RE/MAX Advantage
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Aug 28th, 2025 @ 12:13am
- Status Change Timestamp: Aug 26th, 2025 @ 7:08pm
Questions? Connect With Us!
MLS Source Origin Disclaimer
The data relating to real estate for sale on this website appears in part through an MLS API system, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Cribz participates, and is provided by local multiple listing services through a licensing agreement. The originating system name of the MLS provider is shown in the listing information on each listing page. Real estate listings held by brokerage firms other than Cribz contain detailed information about them, including the name of the listing brokers. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cribz shall be responsible for any typographical errors, misinformation, or misprints and shall be held totally harmless.
IDX information is provided exclusively for consumers’ personal non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, and the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to the contact page of this website.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number, and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Homeboy's Advice