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303 S Poplar St

Paris, TN 38242
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SVN | Accel Commercial Real Estate is pleased to present 303 Flats, a 28-unit multifamily investment opportunity located at 303 S. Poplar Street in Paris, Tennessee. This substantially renovated asset presents investors with the opportunity to acquire a well-positioned apartment community featuring immediate in-place cash flow, strong occupancy, and continued upside through lease-up and future rent growth. Situated on 0.784 acres, 303 Flats encompasses approximately 16,876 square feet, including 15,750 sf of residential space across 28 units. The property's diverse unit mix consists of (13) studio units, (10) one-bedroom/one-bathroom units, (4) two-bedroom/one-bathroom units, and (1) two-bedroom/one-and-one-half-bathroom unit. The remaining square footage includes an on-site office, maint enance area, and laundry facilities. Currently 93% occupied, the property offers investors an opportunity to increase occupancy and further enhance cash flow. Ownership has completed an extensive renovation program across 25 of the property's 28 units, investing in new flooring, cabinets, appliances, lighting fixtures, trim and baseboards, ceiling fans, bathroom vanities, and interior paint. Significant exterior and capital improvements include fresh exterior paint, a newly paved parking lot, and approximately $20,000 in foundation repairs, creating a highly attractive, low-maintenance investment opportunity with limited near-term capital expenditure requirements. The sale includes 3 parcels, including two land parcels located behind the existing building.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,800,000

AD Id : 88046825

MLS Id : RTC3279199

Living Area Size : 16,876

Year Built : 1940

County : Henry County

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Feature Features

  • Flooring Information

    Flooring: Luxury Vinyl, Vinyl Construction Materials: Brick
  • Heating & Cooling

    Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Public

  • Building Information

    Year Built: 1940

  • Lot Information

    Lot Dimensions: 0.784 ac

    Property Information

    Property Type: Residential Income Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1800000

  • Tax Information

    Annual Tax: $3548 Parcel Number: 106A H 01300 000

  • School Information

    Elementary School: W G Rhea Elementary Junior High School: W O Inman Middle School Senior High School: Henry Co High School
  • Utility Information

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

    Subdivision: n/a City: Paris Direction: Paris TN - from W Wood St, south on S Market St, east on McNeil St, south on Magnolia St. 0.2 mi - property is at the corner of Magnolia St and S Poplar St.
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Nearby Home Value

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25 Max Dr, Paris, TN, 38242 $499,000 4 3 2,544 2,544 SqFt
183 Country Wood Dr, Paris, TN, 38242 $689,000 4 4 3,782 3,782 SqFt
865 Alman Cemetery Rd, Paris, TN, 38242 $499,999 3 2 1,850 1,850 SqFt
253 Woodland Acres Rd, Paris, TN, 38242 $339,900 3 2 2,745 2,745 SqFt
55 Bell Ln, Paris, TN, 38242 $775,000 8 4 3,274 3,274 SqFt
33 King Arthur Dr, Paris, TN, 38242 $399,900 3 2 1,974 1,974 SqFt
65 King Arthur Dr, Paris, TN, 38242 $439,900 4 2 2,108 2,108 SqFt
175 Castleton Cv, Paris, TN, 38242 $565,000 6 5 5,175 5,175 SqFt
380 Mcintosh Rd, Paris, TN, 38242 $660,000 3 3 3,122 3,122 SqFt
2307 Hamlin Dr, Paris, TN, 38242 $480,000 1 3 3,428 3,428 SqFt
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ByOwner last updated this listing 07/24/2026 @ 06:20

MLS: REALTRAC #3279199 LISTED BY: Kunal Patel, SVN Accel Commercial Real Estate 615-671-4544 SOURCE: REALTRAC (RT RealTracs) (Listings courtesy of REALTRAC (RT RealTracs) as distributed by MLS GRID)

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