Sold
Last Sold Price
11,000 sqft
1426 Niles Ferry Rd, Madisonville, TN 37354
Multi FamilyProperty Type
1995Year Built
$43/sq ftPrice per sq ft

Description

Smokey view apts, 16 units in 4 buildings on 2+/- acres. IN MADISONVILLE, MINUTES FROM SCHOOLS and SHOPPING, BLOCK CONSTRUCTION,METAL ROOFS, LOW MAINTENANCE WITH GAI OF OVER $118,000. Price is firm.Smokey view apts, 16 units in 4 buildings on 2+/- acres. IN MADISONVILLE, MINUTES FROM SCHOOLS and SHOPPING, BLOCK CONSTRUCTION,METAL ROOFS, LOW MAINTENANCE WITH GAI OF OVER $118,000. Price is firm.
  • Listed by: Dave Gatchel • Norman Lee Real Estate
Listing closed: 10/13/2006 12:00 AM • Source: KAARMLS, MLS#: 507817

Recent comparable sales

Median sold price

$92,500

Avg days on market

92

Sale-to-list ratio

85.5%

Madisonville, TN

9 comparable properties found

$765,000 | 362-376 Oak Grove Road, Madisonville, TN 37354
1/30
1

$765,000

Sold 09/30/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,200
Square Feet
Unavailable
Acres
$325,000 | 1582 Niles Ferry Road, Madisonville, TN 37354
1/6
2

$325,000

Sold 01/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
12
Acres
$507,000 | 2042 Niles Ferry Road, Madisonville, TN 37354
1/25
3

$507,000

Sold 09/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
16.14
Acres
$390,000 | Victory Drive, Madisonville, TN 37354
1/9
4

$390,000

Sold 06/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
36.02
Acres
$72,500 | Lot 1 Magnolia Way, Madisonville, TN 37354
1/10
5

$72,500

Sold 07/09/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.89
Acres
$65,000 | Old Hickory Circle, Madisonville, TN 37354
1/7
6

$65,000

Sold 09/11/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.94
Acres
$60,000 | Old Hickory Circle, Madisonville, TN 37354
1/2
7

$60,000

Sold 05/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.59
Acres
$92,500 | Raper Road, Madisonville, TN 37354
1/2
8

$92,500

Sold 05/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2
Acres
$58,000 | 165 Cold Creek Road, Madisonville, TN 37354
1/20
9

$58,000

Sold 06/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.69
Acres

Amenities

  • Air Conditioning
  • Parking Included

Location

Listing Courtesy of Norman Lee Real Estate, Dave Gatchel

Sold By Century 21 Howe Realty & Auct., Dave Gatchel (423.519.3384)

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,641 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,455

Property Taxes

$187

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1426 Niles Ferry Road

Property Details
  • Taxes: $2,238 / year
  • MLS Type: Multi-Family
  • Lot Size: 0.00 AC / 0 SF
Building Information
  • Residences: 16
  • Year Built: 1995
  • Lot Size: 0.00 AC / 0 SF
Summary
Location and General Information
  • City: Madisonville
  • County Or Parish: Monroe County - 33
  • Directions: HWY 411 MADISONVILLE TO NILES FERRY RD TOWARDS VONORE, APPROX. 2 MILES ON THE RIGHT.
  • Latitude: 35.541856
  • Longitude: -84.288215
  • MLS Area Major: Monroe County - 33
  • MLS Area Minor: Monroe County - 33
  • Postal Code: 37354
  • State Or Province: TN
  • Location Tax Legal Info Area: Monroe County - 33
  • Remarks Misc Directions: HWY 411 MADISONVILLE TO NILES FERRY RD TOWARDS VONORE, APPROX. 2 MILES ON THE RIGHT.
Parking
  • General Property Description Driveway: ASPHALT
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: M 057 P. 123.00
  • Owner Expenses Taxes: True
  • Location Tax Legal Info Total Tax: 2238.0
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Year Built: 1995
  • Building Area Total: 11000.0
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 2 Acres +/-
  • General Property Description Lot Dimensions: 2 Acres +/-
Property and Assessments
  • Possession: Negotiable, Immediate
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession Immediate: True
  • Possession Negotiable: True
Utilities
  • Fuel Electric: True
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0
  • Kitchen Appliances: Refrigerator
  • Heating Details: Central
  • Flooring: Vinyl, Carpet
  • Heating: Yes
  • Heating Central: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Vinyl: True
  • Heat Central: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Other Rooms Other: True
  • Roof Roof Info: METAL
Multi Family
Income & Expenses Information
  • Gross Income: $118,560.00
  • Net Operating Income: $82,000.00
  • OperatingExpense: $36,000.00
Multi-Family Information
  • Number Of Units Total: 16
  • Type of Units 1 Bedroom Unit: True
  • Type of Units 2 Bedroom Unit: True
  • Income Expenses Gross Annual Income: 118560.0
  • Income Expenses Annual Oper Expenses: 36000.0
Rental
Rent Information
  • Tenant Expenses Electricity: True
  • Tenant Expenses Heating: Central
  • Tenant Expenses Telephone: True
  • Tenant Expenses WaterSewer: True

Property History for 1426 Niles Ferry Road

DateEvent & SourcePriceAppreciation
Oct 13, 2006

Closed

KAARMLS #507817

$475,000
Oct 13, 2006

Contract - Not Showing

KAARMLS #507817

Jul 5, 2006

Listed (Active)

KAARMLS #507817

$475,000
DateEvent & SourcePrice
10/13/2006

Closed

KAARMLS #507817

$475,000
10/13/2006

Contract - Not Showing

KAARMLS #507817

07/05/2006

Listed (Active)

KAARMLS #507817

$475,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1426 Niles Ferry Road

This home is within Monroe County School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Madisonville Primary School
PublicPK to 2

Madisonville Intermediate School
Public3 to 5

Madisonville Middle School
Public6 to 8

Sequoyah High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 37354

$216,000 | 328 Veal Heights, Madisonville, TN 37354
1/12
New

$216,000

3
Bedrooms
1,210
Square Feet
0.36
Acres
$195,000 | 257 McClung Road, Madisonville, TN 37354
1/39

$195,000

3
Bedrooms
1,056
Square Feet
0.71
Acres
$87,500 | 524 Rocky Springs Road, Madisonville, TN 37354
1/10

$87,500

3
Bedrooms
1,200
Square Feet
0.8
Acres
$424,000 | 114 Brooklyn Drive, Madisonville, TN 37354
1/60
Virtual Tour

$424,000

3
Bedrooms
1,877
Square Feet
0.61
Acres
$600,000 | 500 County Road 409, Madisonville, TN 37354
1/21

$600,000

3
Bedrooms
1,582
Square Feet
23.40
Acres
$309,900 | 127 Tonawanda Trail, Madisonville, TN 37354
1/27
Virtual Tour

$309,900

3
Bedrooms
1,158
Square Feet
0.44
Acres
$315,000 | 1144 Rocky Springs Road, Madisonville, TN 37354
1/43

$315,000

4
Bedrooms
2,178
Square Feet
1
Acres
$474,999 | 407 Mountain View Road, Madisonville, TN 37354
1/30
Virtual Tour

$474,999

3
Bedrooms
1,902
Square Feet
0.65
Acres
a backyard of a house with yard and seating space
1/20

$239,900

3
Bedrooms
1,008
Square Feet
0.43
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1426 Niles Ferry Road, Madisonville, TN 37354
$475,000
11,000
0
2
1,176
91,912
$175,500
3
1,272
74,052
$65,000
1
960
94,525
$325,000
4
2,247
130,680
$300,000
2
1,899
55,757

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Norman Lee Real Estate, Dave Gatchel

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 05/24/2022 06:35 PM