203 3rd Ave NE Winchester, TN ^$ 275,000

203 3rd Ave NE

^$ 275,000

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203 3rd Ave NE

Winchester, TN, 37398

^$ 275,000

Bedrooms4 Baths0.0 Sq 1,344

Monthly Estimate*

^$ 1,716

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Multi-Family Home for sale in Winchester, TN

for $275,000 with 4 bedrooms. This 1,344 square foot home was built in 1940.

Incredible Dual-Home Investment Opportunity in the Heart of Winchester! Unlock immediate cash flow with TWO separate 2-bedroom, 1-bath homes situated on a single parcel in a sought-after Winchester location. Each home is currently leased at $340 per week—making this an ideal turnkey investment. Perfect for both seasoned investors and newcomers to the rental market, these low-maintenance properties offer strong rental appeal in a vibrant, well-connected community. Whether you hold for long-term growth or value-add potential, this is a rare chance to own two income-generating residences. Schedule your showing today!

Multi-Family Contingent

Price

^$ 275,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 598

Style

Duplex

Year Built

1940

Town/City

Winchester

County/Region

Franklin

MLS | Web ID

2986769

Features

General

Living Area 1344

Sewer Public Sewer

Heating Central

Cooling Central Air

Utilities Water Available

Possession Close Of Escrow

Zoning Res

Garage Spaces 0

Construction Materials Frame

Year Built 1940

Tenant Pays Cable TV Other

View City

Stories Count 1

Levels One

Gross Income 35360

County Franklin County TN

Net Operating Income 34960

Operating Expense 400

New Construction N

Property Type Residential Income

Attached Garage N

Contingency Financing

Subdivision Name None

Garage Y/N N

Rent Includes Electricity Water

Status Under Contract - Showing

Directions From Franklin Co Courthouse: Head southwest on 1st Ave NE/Dinah Shore Blvd toward N Jefferson St Turn right onto N Jefferson St Turn right onto 3rd Ave NE Homes on the Left.

High School Franklin Co High School

City Winchester

Senior Community Y/N N

Number Of Units Total 2

Lot Size Units Acres

Elementary School Clark Memorial School

Property Attached Y/N Y

Year Built Details Existing

Tax Annual Amount 598

Middle/Junior High School North Middle School

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active Under Contract

Total Actual Rent 2720

Interior

Flooring Carpet Wood Laminate

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 1344

Laundry Features Individual Electric Dryer Hookup Washer Hookup

Below Grade Finished Area Unit Type Square Feet

Below Grade Finished Area Source Assessor

Above Grade Finished Area Source Assessor

Above Grade Finished Area Unit Type Square Feet

Exterior

Water Source Public

Total Parking 0

Inclusions Negotiable

Building Area Total 1344

Lot Dimensions 96.40X163.10

Waterfront Y/N N

Covered Spaces 0

Internal Only

Street Number 1 203

* Excluded Features

List By

Highlands Elite Real Estate

Broker

lindsey@heretn.com

Affordability Calculator

$1,765

Per Month

Monthly Principal & Interest: $1,716
Monthly Property Taxes: $50
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Winchester, TN

Average List Price ^$275,000

Percent of Sale Price 0%

About Winchester, TN

8,729 Population

12% Since 2002

^$44,111 Median Income

42.83 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

245232 Elementary School

245547 Middle School

Franklin Co High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/5/2025	$275,000	-0.90%	Price Down
10/20/2025	$277,500	-0.18%	Price Down
10/7/2025	$278,000	-0.68%	Price Down
9/17/2025	$279,900	-1.79%	Price Down
9/1/2025	$285,000		Listed Price

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203 3rd Ave NE, Winchester, TN, 37398 is a Multi-Family Home for sale at $275,000 with 1,344 sqft. 203 3rd Ave NE has 4 bedrooms, 0.0 baths, and was built in 1940. The property's zip code is 37398 which is in Winchester, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of RealTracs Solutions. Real estate listings held by firms other than Weichert Realtors are marked with the Internet Data Exchange logo or thumbnail logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/13/2025.

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203 3rd Ave NE

Multi-Family Home for sale in Winchester, TN

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