About This Home

This 0-bedroom, 0-bathroom multi-family at 459 N Main Street in Lexington, TN is listed for $950,000 ($96 per sqft). Built in 1996, the home offers 9,888 sqft of living space on a 0.40 acres lot.

Key Features

  • Built in 1996
  • 0.40 acre lot
  • 2 stories
  • 34 parking spaces

Property Details

2 stories
34 spaces
1996

Amenities

A/C
Listing Description

Unique Investment Opportunity - Ideal for Hotel, Airbnb, Apartments & Rental Income Discover a rare and highly versatile investment opportunity in Henderson County, Tennessee, offering approximately 9,888 square feet of existing space with an exceptional layout for an investor looking to create multiple rental units, mini-apartments, extended-stay accommodations, a boutique hotel, Airbnb/short-term rentals, or other hospitality concepts.

Conveniently located just minutes from the popular Beech Lake Resort area, known for boating, fishing, recreation, and summer water sports, this property offers tremendous potential for generating multiple income streams. Upstairs - Exceptional Potential for Rental Units or Hospitality.

The upstairs features 19 individual rooms, offering an existing configuration that could provide an excellent starting point for mini-apartments, efficiency units, extended-stay lodging, Airbnb accommodations, or individual rental suites. The upper level includes 19 private rooms of varying sizes, 4 bathrooms, 2 additional showers, a kitchenette, 2

additional sinks, 4 central HVAC units, 4 electrical breaker boxes, and existing network/cabling infrastructure. Two separate exits, including one with a private exterior stairwell, provide additional flexibility. Numerous private rooms already in place, this level presents exciting opportunity for an investor seeking to convert existing space into multiple income-producing units rather than starting from the ground up.

Downstairs - Additional Income & Flexible Use Potential The downstairs offers approximately 10 rooms, 3 restrooms, 10 additional sinks, 3 central HVAC units, and multiple large open areas, including a 65' x 48' room, 27' x 34' room, and 28' x 17' room, along with offices and storage areas.

This space could provide additional opportunities for rental suites, offices, business space, hospitality amenities, leasing space, or other income-producing uses. A large front foyer, multiple exits, handicap-accessible access, tile and ceramic flooring, existing workstations, and a recently installed security system add to the property's functionality.

Additional Investment Opportunity The property offers approximately 30 marked parking spaces plus additional surrounding parking. There is also an opportunity to acquire the two adjacent properties, including an approximately 4,200-square-foot commercial shop/garage and a 1,130-square-foot home, creating even greater potential for additional rental income, storage, residential accommodations, commercial space, or mixed-use development.

With nearly 10,000 square feet already divided into numerous individual rooms, substantial HVAC and electrical infrastructure, multiple bathrooms and sinks, abundant parking, and a location near Beech Lake, this property offers an investor the opportunity to explore a unique hospitality or multi-unit rental concept with the potential for multiple income streams.

Ideal uses to explore include: Boutique Hotel - Airbnb/Short-Term Rentals - Extended-Stay Lodging - Mini-Apartments - Efficiency Rentals - Rental Suites - Office Suites - Mixed-Use Investment. Contact Debbie Mays to schedule a private showing and explore the income-producing possibilities of this unique Henderson County investment property.

Monthly Cost Estimate

$5,081/mo

20% down · 6.5% · 30 years

Principal$687
Interest$4,117
Insurance$277

Estimates only. Actual payments may vary.

Location

459 N Main Street

Lexington, TN 38351

Features & Amenities

Interior Features

Open FloorplanShower Separate

Property Details

Flooring

TileCarpetTile - CeramicLaminate

Construction

Brick Vinyl Siding

Parking

CarportOpen

Heating

Central

Cooling

Central Air

Appliances

Electric Water HeaterWasher/Dryer

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 459 N Main Street is listed at $950,000 ($96/sqft). The estimated monthly payment is $5,081 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1996, 0.40 acre lot, 2 stories, 34 parking spaces. Interior Features: Open Floorplan, Shower Separate.

This property is listed by Debbie Mays.

DM

Debbie Mays

License 290698

Agent at United Country 7 Lakes

Listed by United Country 7 Lakes · Broker phone: 7319677412 · View on Broker Site

MLS# 2603910· Source: Central West Tennessee Association of Realtors· 74 days on PropertySimple

Copyright © 2026 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

459 N Main Street, Lexington, TN 38351

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