406 Hedgemont Ave, Fayetteville, Tennessee 37334

TN, Fayetteville
$584,900
  • Active Status
  • 9 Dayz On Cribz Total Days
  • Residential Property Type
  • 9 Beds Total Bedrooms
  • 6 Baths Full + Half Bathrooms
  • 3300 Total Sqft $177/sqft
  • 0.24 Acres Lot/Land Size
  • 2023 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
3D Tour
Property Description

Investment opportunity meets modern living in the heart of Fayetteville! Built in 2023, this exceptional triplex offers the perfect blend of immediate cash flow and owner-occupant flexibility. Whether you’re looking to expand your real estate portfolio or take advantage of a house-hacking opportunity, this property delivers. One unit is vacant and move-in ready, allowing you to live on-site while generating rental income from the two occupied units – or lease the third unit and maximize your returns from day one. Each of the three units features approximately 1,100 square feet of thoughtfully designed living space with 3 bedrooms and 2 bathrooms. All appliances remain, including the stove, microwave, refrigerator, and washer/dryer combo, making this a truly turnkey investment. Situated on a 0.24-acre lot, each unit enjoys access to green space in the backyard, providing tenants and owners alike with room to relax and enjoy the outdoors. Convenience is key, with two dedicated driveway parking spaces per unit and a prime location within walking distance of downtown Fayetteville, schools, parks, shopping, dining, and everyday amenities. Only 45 minutes to Huntsville, Tullahoma, NASA Marshall Space Flight Center and Arnold AFB. Opportunities to own a newer construction multi-family property with established rental income and owner-occupant potential are incredibly rare. Don’t miss your chance to own this modern, income-producing triplex in one of Fayetteville’s most desirable locations! **Special Financing** 3.5% FHA or 5% Conventional Down payment minimum requirements are available while having tenant occupied units contribute toward your DTI as Qualifying Income. Have tenants pay your mortgage while building equity, and still have a private 3 bed 2 bath home. DSCR and Other Investment Loans are also available. See listing agent for details!

Property Details
  • Property Type: Residential
  • Listing Type: For Sale
  • MLS #: 3243401
  • Price: $584,900
  • Full Bathrooms: 6
  • Square Footage: 3,300 Sqft
  • Year Built: 2023
  • Lot Area: 0.24 Acre
  • Office Name: Elam Real Estate
  • Agent Name: Kevin Rose
  • Property Sub Type: Single Family Residence
  • Roof: Shingle
  • Listing Status: Active
Location Info
  • Street Number: 406
  • Street: Hedgemont Ave
  • City Fayetteville
  • State TN
  • Zipcode 37334
  • County Lincoln County, TN
  • Subdivision N/A
  • Longitude: W87° 25' 35.9''
  • Latitude: N35° 8' 58''
  • Directions: From Fayetteville take Main Ave S heading south and make a right on Maple St W. Go left on Hedgemont Ave and the triplex will be on the left.
Features
  • Heating System Central, Electric
  • Cooling System Central Air, Electric, Ceiling Fan(s)
  • Basement None
  • Patio Patio
  • Parking Driveway, Concrete
  • Utilities Electricity Available, Water Available
  • Architectural Style Traditional
  • Flooring Vinyl
  • Interior Features Ceiling Fan(s)
  • Laundry Features Electric Dryer Hookup, Washer Hookup
  • Sewer Public Sewer
Appliances
  • Microwave
  • Refrigerator
  • Dryer
  • Washer
  • Disposal
  • Electric Oven
  • Electric Range
  • Stainless Steel Appliance(s)
Schools
  • Elementary School: Ralph Askins School
  • Middle School: Fayetteville Middle School
  • High School: Fayetteville High School
Additional Info
  • Water Source: Public
  • Building Size: 3,300 Sqft
  • Construction Materials: Vinyl Siding
  • Foundation Details: Slab
  • Levels: Two
  • Lot Size Dimensions: 75 X 140.5 M IRR
  • On Market Date: June 15th, 2026
  • Previous Price: $584,900
  • Stories: 2
Financial
  • Annual Tax Amount: $3,250
Listing Data
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jun 16th, 2026 @ 5:02am
  • Status Change Timestamp: Jun 16th, 2026 @ 5:00am
mls grid

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