Downtown Homes under $300,000

Downtown Homes under $300,000

Welcome to Downtown, a vibrant and thriving subdivision that perfectly captures the essence of urban living while offering the charm of a close-knit community. Nestled in the heart of the city, Downtown boasts an eclectic mix of modern amenities and historic architecture, making it a desirable destination for both families and young professionals alike. With its bustling streets lined with cafes, boutiques, and art galleries, residents enjoy an active lifestyle with everything they need just a stone's throw away.

For those seeking affordable housing options, Downtown is a hidden gem, featuring a variety of homes priced under $300,000. This attractive price point opens the door for first-time homebuyers and investors looking to enter the real estate market without breaking the bank. The homes in this category offer a delightful blend of style and functionality, often showcasing unique designs that reflect the area's rich history. From charming bungalows to modern townhomes, there's something for everyone here.

In addition to its affordability, Downtown is known for its strong sense of community. Residents often come together for neighborhood events, farmers' markets, and local festivals, fostering connections that make this subdivision feel like home. With easy access to public transportation and major highways, commuting to nearby business districts is a breeze.

Whether you're looking to settle down or invest in a rental property, Downtown offers a unique opportunity to experience city living at an accessible price. Explore the possibilities and discover your dream home in this dynamic and welcoming community today!

Newest Downtown Homes under $300,000

5213 Austin Peay Hwy, Westmoreland
$99,000
3247739 MLS ⋅ ACTIVE UNDER CONTRACT Status ⋅ 37186 Zip Code
Calling All Investors! Exceptional Value-Add Opportunity with Cash Flow Don't miss this rare opportunity to acquire a recently renovated, income-producing property in a prime downtown location. Major capital improvements have already been completed, including two HVAC units, and all new flooring, significantly reducing future maintenance expenses. This versatile property features three separate 2-bedroom, 1-bath units, offering multiple investment strategies. Currently, 1 of the 3 units are leased and generating income, while the other two units are undergoing a full renovation and presents the opportunity to add approximately $2400+ per month in additional rental income. Zoned Commercial, this property offers tremendous flexibility for investors and owner-users alike. Continue operating as residential rentals, convert units to professional offices, retail space, service businesses, or create a mixed-use investment. The existing 2-bedroom layout with kitchen could easily serve as office space, a boutique storefront, salon, studio, or other commercial use. Positioned in the heart of downtown and directly across from established businesses, the property benefits from excellent visibility, significant road frontage, and strong future growth potential. Highlights Include: Each unit has their own utility meters 3 units, each offering 2 bedrooms and 1 bathroom 1 units currently leased and cash flowing Value-add opportunity through 2 units fully renovated New roof Two new HVAC systems New flooring throughout Commercial zoning with multiple use possibilities Excellent downtown location Strong road frontage and visibility Ideal for investors, business owners, or mixed-use development Whether you're looking to expand your rental portfolio, establish a commercial presence, or capitalize on a flexible mixed-use investment, this property offers immediate income with significant upside potential.

5213 Austin Peay Hwy, Westmoreland

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.