195 & 197 Cedar Grove Rd, Shelbyville, TN Rare opportunity to own a brand-new, never-lived-in all-brick duplex in a convenient Shelbyville location. Each unit features 2 bedrooms and 1 bathroom with modern LVP flooring throughout for easy maintenance and a stylish look. The units come equipped with brand-new appliances, including a refrigerator, stove, and microwave. Each unit also includes its own private concrete back patio, perfect for relaxing or entertaining. A concrete parking area out front provides easy and convenient access for tenants. Each unit rents for $1,400 per month, generating a total monthly income of $2,800. Live in one side and rent out the other to help offset your mortgage—an ideal setup for an owner-occupant or an investor seeking a low-maintenance income-producing property. This is a rare find—brand-new construction with immediate income potential. Don’t miss this incredible investment opportunity.
Closed
$379,000
197 Cedar Grove Rd, Shelbyville, TN 37160
4beds
4baths
1,800sqft
Multi Family
Built in 2025
-- sqft lot
$375,100 Zestimate®
$211/sqft
$1,743 Estimated rent
Home value
$375,100
$296,000 - $476,000
$1,743/mo
Zestimate® history
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$2,120/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: June 06, 2025 at 12:18pm
Listing Provided by:
Melissa Sterling 931-224-5099,
Better Homes & Gardens Real Estate Heritage Group
Bought with:
Cindy Barnes, 236019
Coldwell Banker Southern Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2807499
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,800
- Total interior livable area: 1,800 sqft
- Finished area above ground: 1,800
Property
Parking
- Total spaces: 4
- Parking features: Concrete, Parking Pad
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.71 Acres
- Dimensions: 247 x 126
Details
- Parcel number: 088 05907 000
- Zoning: Residentia
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Brick
- Roof: Shingle
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Shelbyville
- Subdivision: Stewart Minor
HOA & financial
Other financial information
- Total actual rent: 2800
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Sold | $379,000-2.8%$211/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2807499 Report a problem | ||
| 5/9/2025 | Contingent | $389,900$217/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2807499 Report a problem | ||
| 4/18/2025 | Price change | $389,900-2.5%$217/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2807499 Report a problem | ||
| 3/22/2025 | Listed for sale | $399,900+788.7%$222/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2807499 Report a problem | ||
| 4/3/2024 | Sold | $45,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,580 +868.6% | $67,800 +868.6% |
| 2024 | $266 | $7,000 |
| 2023 | $266 | $7,000 |
Find assessor info on the county website
Neighborhood: 37160
Nearby schools
GreatSchools rating
- 3/10South Side Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Harris Middle SchoolGrades: 6-8Distance: 3.8 mi
- 3/10Central High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: South Side Elementary
- Middle: Harris Middle School
- High: Shelbyville Central High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$375,100
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$382,602
- Tennessee
- Bedford County
- Shelbyville
- 37160
- 197 Cedar Grove Rd