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406 Hedgemont Ave

Fayetteville, TN 37334
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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!

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Detail Ic Property Details

Property Type : Residential Income

Price : $584,900

AD Id : 84908670

MLS Id : RTC3243400

Living Area Size : 3,300

Year Built : 2023

County : Lincoln County

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Feature Features

  • Interior Features

    Roof: Shingle Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Vinyl Construction Materials: Vinyl Siding
  • Heating & Cooling

    Heating: Central, Electric Has Heating: Yes Cooling: Ceiling Fan(s), Central Air, Electric Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 2023

  • Lot Information

    Lot Dimensions: 0.24

    Property Information

    Property Type: Residential Income Structure Type: Triplex

  • Listing Price Information

    Original List Price:$584900

  • Tax Information

    Annual Tax: $3250 Parcel Number: 079L A 01400 000

  • School Information

    Elementary School: Ralph Askins School Junior High School: Fayetteville Middle School Senior High School: Fayetteville High School
  • Utility Information

    Electricity Available, Water Available Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: N/A City: Fayetteville Direction: 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
502 Corders Crossroads Rd, Fayetteville, TN, 37334 $625,000 4 3 3,860 3,860 SqFt
201 Koonce Ln, Fayetteville, TN, 37334 $249,900 3 2 1,305 1,305 SqFt
10 Boone Dr, Fayetteville, TN, 37334 $192,000 2 2 936 936 SqFt
6 Fieldstone Ln, Fayetteville, TN, 37334 $254,900 3 1 1,252 1,252 SqFt
316 Lincoln Rd, Fayetteville, TN, 37334 $209,900 3 1 1,112 1,112 SqFt
12 Sonoma Dr, Fayetteville, TN, 37334 $569,000 3 3 2,850 2,850 SqFt
17 Sonoma Dr, Fayetteville, TN, 37334 $449,900 3 2 2,003 2,003 SqFt
54 Thomas Rd, Fayetteville, TN, 37334 $1,285,000 3 3 2,066 2,066 SqFt
50 Sonoma Dr, Fayetteville, TN, 37334 $375,000 3 2 2,598 2,598 SqFt
335 Lane Branch Rd, Fayetteville, TN, 37334 $325,000 3 1 1,681 1,681 SqFt
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ByOwner last updated this listing 06/20/2026 @ 18:20

MLS: REALTRAC #3243400 LISTED BY: Kevin Rose, Elam Real Estate 615-890-1222 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)

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