Fantastic investment opportunity in Palmyra! This property at 1826 Palmyra Rd., Palmyra, TN 37142 offers nearly 3 acres of land with a 1,080 sq. ft. home featuring 3 bedrooms and 1 bath. The home is full of potential—whether you choose to renovate and modernize, expand for additional bedrooms and baths, or start fresh with your own design.
A complete renovation without adding square footage could potentially net $250 per square foot, pushing the after-repair value to $300,000 or more. For investors, the options don’t stop there—consider subdividing the land for an additional home, adding a garage, or developing a shop house. The acreage provides flexibility for multiple exit strategies, making this a versatile investment.
The location also boosts long-term value. With quick access to downtown Clarksville, Austin Peay State University, the Cumberland River, and Kentucky Lake, the area offers strong appeal for both rental and resale markets.
Whether your focus is fix-and-flip, rental portfolio growth, or redevelopment, this property delivers the kind of potential investors look for. Opportunities like this move quickly—don’t wait to explore the upside here. This property is subject to court approval, and this language would need to be in any offers with an extended timeline. Also, this property will not accept any government-backed loans such as FHA, VA or USDA.
Active
$200,000
1826 Palmyra Rd, Palmyra, TN 37142
3beds
1,080sqft
Est.:
Single Family Residence, Residential
Built in 1961
2.93 Acres Lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
- 117 days |
- 140 |
- 6 |
Zillow last checked: 8 hours ago
Listing updated: January 15, 2026 at 12:14pm
Listing Provided by:
David D Greene 931-801-8556,
Crye-Leike, Inc., REALTORS 931-648-2112
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3000987
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Oven, Range, Dishwasher, Refrigerator
Features
- Flooring: Vinyl
- Basement: Crawl Space
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
- Finished area above ground: 1,080
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.93 Acres
Details
- Parcel number: 063114 03000 00018114
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Palmyra
Financial & listing details
- Price per square foot: $185/sqft
- Tax assessed value: $178,100
- Annual tax amount: $935
- Date on market: 9/23/2025
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2026 | Listed for sale | $200,000$185/sqft |
Source: | ||
| 12/19/2025 | Listing removed | $200,000$185/sqft |
Source: | ||
| 9/23/2025 | Listed for sale | $200,000$185/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $935 +28.7% | $44,525 +83.2% |
| 2023 | $727 | $24,300 |
| 2022 | $727 -0.1% | $24,300 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,104/mo
Principal & interest
$946
Property taxes
$88
Home insurance
$70
Climate risks
Neighborhood: 37142
Nearby schools
GreatSchools rating
- 7/10Cumberland Hghts Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 7/10Montgomery Central Middle SchoolGrades: 6-8Distance: 4.7 mi
- 6/10Montgomery Central High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Cumberland Heights Elementary
- Middle: Montgomery Central Middle
- High: Montgomery Central High
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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