Maplecrest Square Apartments

For Sale

506 E Ellis St, Jefferson City, TN 37760

This Jefferson City property for sale is located at 506 E Ellis St. The general use of Maplecrest Square Apartments is multi-family and it incorporates 40,852 square feet of class C multi-family space. The current listed sale price for Maplecrest Square Apartments is $4,900,000. Maplecrest Square Apartments is situated on a lot that is 2.58 acre in size.

Contacts

broker
Cohl Morgan

SVN | Wood Properties

Property Details

  • Property Type Multi-Family
  • Property Size 40,852 SF
  • Units 34
  • Lot Size 2.58 Acre
  • Building Class C
  • Year Built 1981
  • Date Updated Feb 11, 2025
Situated in the heart of Jefferson City, this property offers an ideal location for convenient and comfortable living for residents. The property is conveniently located near shopping centers, grocery stores, schools, and restaurants, making daily errands and dining options easily accessible throughout the area. Maplecrest Square Apartments is also located within walking distance to Carson-Newman University and the revitalization project of downtown Jefferson City. Additionally, it is only 30 miles from both Downtown Knoxville and Pigeon Forge. For outdoor enthusiasts, there are several parks and recreational areas nearby.SVN | Wood Properties is pleased to exclusively present Maplecrest Square Apartments. These 34 units are 100% occupied and centrally located in Jefferson City, Tennessee. Sixteen units are 2 bed / 1.5 bath and eighteen are 2 bed / 2.5 bath townhouse style units. The property has historically been fully occupied and there is ability to further increase rents. Significant capital expenditures totaling $492,000 have been made with 23 of the 34 units being recently renovated. All roofs were replaced in 2018 and 2021. The townhomes are individually metered for electric and water / sewer with tenants paying all utilities. The flat style units are individually metered for electric with water / sewer on one meter. The water / sewer bills for the flat style units are billed back to the tenants. There are washer / dryer hookups in each unit. Additionally, there is a bark park and picnic area on site.
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Highlights

  • Walking distance to Carson-Newman University
  • Near Growing Downtown Jefferson City
  • 100% Occupied
  • Voted Best Apartment Complex in 2024 Jefferson County Standard Banner Readers' Choice Awards

Getting around

  • 73/100

    Walk Score ®

  • 49/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Jefferson City, TN
  • Zip Code 37760

Points of Interest

  • Sunoco

    0.20 miles

  • Weigel's

    0.61 miles

  • BP

    1.13 miles

  • Murphy USA

    1.16 miles

  • ChargePoint

    2.71 miles

  • ONE9

    6.06 miles

  • Exxon

    6.31 miles

  • Marathon

    6.38 miles

  • Red Roof Inn Dandridge

    6.01 miles

  • Quality Inn

    6.17 miles

  • Hampton Inn

    6.20 miles

  • Super 8

    6.29 miles

  • Holiday Inn Express

    6.30 miles

  • Jefferson Inn

    6.30 miles

  • Econo Lodge

    6.75 miles

  • Econo Lodge White Pine Morristown I-81 & I-40 Split

    8.34 miles

  • TownePlace Suites - Morristown

    8.61 miles

  • Hampton Inn & Suites

    9.45 miles

  • Food City

    0.10 miles

  • Big Lots

    0.24 miles

  • Meeting Square

    0.54 miles

  • Walmart Supercenter

    1.29 miles

  • Campground Store

    8.09 miles

  • ALDI

    8.69 miles

  • Ingles

    9.26 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Cohl Morgan

SVN | Wood Properties

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