138 Hibiscus Dr Ashland City, TN ^$ 950,000

138 Hibiscus Dr

^$ 950,000

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138 Hibiscus Dr

Ashland City, TN, 37015

^$ 950,000

Bedrooms8 Baths4.0 Sq 5,524

Monthly Estimate*

^$ 5,998

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Multi-Family Home for sale in Ashland City, TN

for $950,000 with 8 bedrooms and 4 full baths. This 5,524 square foot home was built in 1988.

Great opportunity to own a 100% occupied 6 unit on a quiet street in Ashland City. Located just off Highway 12 S, the property gives tenants easy access into both Clarksville and Nashville as well as into Ashland City's core. All units include W/D hookups and have been updated on some level since the owner purchased it. New gutters and fascia installed within the last 2 months. Water heaters and HVACs replaced as needed. No showings without at least an LOI in hand.

Multi-Family Active

Price

^$ 950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 4,112

Style

Multi Family

Year Built

1988

Town/City

Ashland City

County/Region

Cheatham

MLS | Web ID

3336102

Features

General

Living Area 5524

Sewer Public Sewer

Heating Central

Cooling Central Air

Utilities Water Available

Possession Close Of Escrow

Zoning n/a

Garage Spaces 0

Construction Materials Brick

Year Built 1988

Tenant Pays Electricity

Stories Count 1

Levels One

Gross Income 92280

County Cheatham County TN

Net Operating Income 72719

Operating Expense 19561

New Construction N

Property Type Residential Income

Attached Garage N

Subdivision Name n/a

Garage Y/N N

Rent Includes Water

Status Active

Buyer Financing Conventional

Directions In Ashland City going north on S Main Street turn left on E McQuarry Street then immediate left on Hibiscus Drive property has two entrances on Hibiscus adjacent to S Main Street

High School Cheatham Co Central

City Ashland City

Senior Community Y/N N

Open Parking Spaces 12

Number Of Units Total 6

Lot Size Units Acres

Elementary School Ashland City Elementary

Property Attached Y/N Y

Year Built Details Existing

Tax Annual Amount 4112

Middle/Junior High School Cheatham Middle School

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Total Actual Rent 5190

Interior

Flooring Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 5524

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 12

Inclusions Appliances

Building Area Total 5524

Lot Dimensions 205X160M/IRR

Waterfront Y/N N

Covered Spaces 0

Internal Only

Street Number 1 138

* Excluded Features

List By

Residential Investment Advisors

Broker

landon@ria-inc.com

Affordability Calculator

$6,341

Per Month

Monthly Principal & Interest: $5,998
Monthly Property Taxes: $343
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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 Ashland City, TN

Average List Price ^$730,000

Percent of Sale Price 23%

About Ashland City, TN

18,275 Population

15% Since 2002

^$47,776 Median Income

40.6 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

245064 Elementary School

244578 Middle School

Cheatham Co Central High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/6/2026	$950,000		Listed Price

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138 Hibiscus Dr, Ashland City, TN, 37015 is a Multi-Family Home for sale at $950,000 with 5,524 sqft. 138 Hibiscus Dr has 8 bedrooms, 4.0 baths, and was built in 1988. The property's zip code is 37015 which is in Ashland City, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 8/10/2026.

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138 Hibiscus Dr

Multi-Family Home for sale in Ashland City, TN

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