Active

138 S Main St

Cornersville, TN 37047

$269,000 $1,134/Mo

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Description

Investor opportunity in the heart of Cornersville! This historic antebellum tri-plex sits on a spacious 0.5 acre lot and offers a unique chance to step into real estate investing or expand your portfolio. The property features three units: one 2-bedroom, 1.5-bath apartment and two 1-bedroom, 1-bath units. The one-bedroom apartments are currently tenant-occupied, generating $1,100/month and $1,000/month, while the two-bedroom unit was recently leased through April 2026 at $1,300/month. With landlord-paid utilities, the property produces over $40,000 in annual gross rental income, and $30,000 net annual income. Full of character and history, this older home comes with its share of quirks—making it an ideal fit for investors or buyers who appreciate charm and see the potential in a one-of-a -kind property. Live in the larger unit while collecting rental income from the others, or lease all three for a strong income-producing asset. Positioned on a deep lot, the property may offer the opportunity to build an additional tri-plex or income-producing structure at the rear (buyer to verify zoning, setbacks, and feasibility), creating even more upside and long-term value. If you’re looking for something beyond the typical cookie-cutter rental, this is a rare opportunity to own a truly interesting property with income in place and room to grow.

Property Details

Property Type : Residential Income

Price : $269,000

AD Id : 77777198

MLS Id : RTC3183393

Living Area Size : 2,074

Year Built : 1900

County : Marshall County

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What's Nearby

Nearby Areas

Features

Flooring Information

Flooring: Wood, Laminate Construction Materials: Vinyl Siding
Heating & Cooling

Heating: Radiant Has Heating: Yes Cooling: Wall/Window Unit(s) Has Cooling: Yes WaterSource: Public

Building Information

Year Built: 1900

Lot Information

Lot Dimensions: 70X258

Property Information

Property Type: Residential Income Structure Type: Triplex

Listing Price Information

Original List Price:$269000

Tax Information

Annual Tax: $1616 Parcel Number: 092P B 01500 000

School Information

Elementary School: Cornersville Elementary Junior High School: Cornersville School Senior High School: Cornersville School
Utility Information

Water Available Sewer: Private Sewer Water Source: Public
Location Information

Subdivision: None City: Cornersville Direction: Take I-65 south, to Cornersville Exit (Hwy 129) east to Main Street in Cornersville. Home Located Downtown.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
4770 Delina Rd, Cornersville, TN, 37047	$739,000	4	3	2,076	2,076 SqFt
3547 Coffey Branch Rd, Cornersville, TN, 37047	$539,900	3	2	2,466	2,466 SqFt
3885 Delina Rd, Cornersville, TN, 37047	$650,000	3	2	1,964	1,964 SqFt
3895 Ostella Rd, Cornersville, TN, 37047	$1,850,000	5	4	3,818	3,818 SqFt
135 Beechwood Ave, Cornersville, TN, 37047	$280,000	3	2	1,896	1,896 SqFt
127 E Hill St, Cornersville, TN, 37047	$279,900	3	3	1,710	1,710 SqFt
106 Polk St, Cornersville, TN, 37047	$284,900	3	3	1,684	1,684 SqFt
109 Ostella Rd, Cornersville, TN, 37047	$154,000	3	1	1,235	1,235 SqFt
113 Water St, Cornersville, TN, 37047	$99,900	2	1	698	698 SqFt
306 N Main St, Cornersville, TN, 37047	$269,000	3	2	1,490	1,490 SqFt

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ByOwner last updated this listing 06/07/2026 @ 06:20

MLS: REALTRAC #3183393 LISTED BY: Allie Boyde, The Bogetti Partners 615-527-6947 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)