131 E Park Ave Gallatin, TN $ 400,000
131 E Park Ave
$ 400,000
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131 E Park Ave

Gallatin, TN, 37066
$ 400,000
Bedrooms2 Baths2.0 Sq 1,550

Monthly Estimate*

$ 2,463

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Multi-Family Home for sale in Gallatin, TN

for $400,000 with 2 bedrooms and 2 full baths. This 1,550 square foot home was built in 1949.

Income-producing duplex in Gallatin with leases in place through 2026. This renovated 1940s property offers two 1 bed / 1 bath units (approx. 775 sq ft each), providing immediate rental income and long-term upside. Each unit features updated kitchens and baths, original hardwood floors, and stainless steel appliances. Washer and dryer included in Unit A. Ample private parking and a partially fenced backyard add to overall tenant appeal. The property’s character, natural light, and proximity to everyday conveniences contribute to strong rental demand. Located just minutes from Publix, local coffee shops, restaurants, and Gallatin’s historic downtown square, this location supports consistent tenant interest and retention. Extensive 2021 renovations include new windows and blinds, updated electrical and plumbing systems, new central HVAC, and a firewall added in the attic between units. Roof replacement estimated circa 2015. Recent 2025 improvements include new flashing where porch roof meets house (front and back). Unit B updates include a renovated bathroom with tile shower and flooring, new kitchen flooring, and mudroom improvements including new flooring and subfloor. HVAC unit setting rebuilt. Lease Information: Unit A: $1,300/mo through September 30, 2026. Unit B $1,285/mo through August 31, 2026. Do not disturb tenants. Showings available with acceptable offer. Leases to be honored. Buyer to verify all pertinent information.

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Multi-Family Active

Price

$ 400,000

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 1,570

Style

Duplex

Year Built

1949

Town/City

Gallatin

County/Region

Sumner

MLS | Web ID

3163851

Features
General
Living Area 1550
Sewer Public Sewer
Heating Natural Gas
Cooling Electric
Utilities Electricity Available Natural Gas Available Water Available
Possession Immediate
Roof Asphalt
Zoning Commercial
Garage Spaces 0
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Frame Vinyl Siding
Year Built 1949
Tenant Pays Electricity Gas Other
Stories Count 1
Levels One
Gross Income 31020
County Sumner County TN
Net Operating Income 26972
Operating Expense 4048
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name Sunset View
Garage Y/N N
Rent Includes Trash Collection Water
Status Active
Buyer Financing Conventional FHA VA
Directions From the Square in Gallatin at the intersection of Main Street and Water Ave head south on S Water Ave. Drive .5 mile. Turn left onto Park Ave. Duplex is on the right.
High School Gallatin Senior High School
City Gallatin
Senior Community Y/N N
Open Parking Spaces 4
Number Of Units Total 2
Lot Size Units Acres
Elementary School Vena Stuart Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1570
Middle/Junior High School Rucker Stewart Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 2585
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Interior
Flooring Wood Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 1550
Laundry Features Individual Electric Dryer Hookup Washer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Owner
Above Grade Finished Area Source Owner
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Gravel Shared Driveway
Water Source Public
Total Parking 4
Inclusions Appliances
Building Area Total 1550
Lot Dimensions 50 X 144 IRR
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 131
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* Excluded Features
List By
Epique Realty

Broker

kimrobertsonrealtor@gmail.com

Email

Affordability Calculator

$2,594
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,463
Monthly Property Taxes
$131
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4313303 Elementary School
4313388 Middle School
Gallatin Senior High School High School
Pricing History
DatePricePrice ChangeDescription
3/27/2026$400,000 Listed Price

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131 E Park Ave, Gallatin, TN, 37066 is a Multi-Family Home for sale at $400,000 with 1,550 sqft. 131 E Park Ave has 2 bedrooms, 2.0 baths, and was built in 1949. The property's zip code is 37066 which is in Gallatin, TN