Residential Land with Home for Sale in Palmyra, Tennessee
1826 Palmyra Rd, Palmyra, TN 37142
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.
- Listed by David Greene, (931) 801-8556, Crye-Leike, Inc., REALTORS
Location
- Street address
- 1826 Palmyra Rd
- County
- Montgomery County
- Elevation
- 416 feet
Directions
From the intersection of Highway 48/13 and Highway 149, take Highway 149 W. to hematite Road on the left, take Paynne Road to the right property will be on the left at red gate
Property details
- Acreage
- 2.93 acres
- MLS #
- REALTRACS 3000987
- Posted
Property taxes
- Recent
- $935
Parcels
- 063114 03000 00018114
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
- Financing
- Conventional
- Possession
- Negotiable
Structure
- Stories
- 1
- Basement
- Crawl Space
- Water
- Private
- Sewer
- Septic Tank
- Heating
- Central
- Cooling
- Central Air
- Materials
- Vinyl Siding
Interior
- Flooring
- Vinyl
- Appliances
- Dishwasher, Oven, Range, Refrigerator
Property utilities
| Category | Type | Status |
|---|---|---|
| Water | Public | Available |
| Sewage | Septic System | Connected |
Nearby schools
| Name | Type |
|---|---|
| Cumberland Heights Elementary | Elementary |
| Montgomery Central Middle | Middle |
| Montgomery Central High | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Jan 19, 2026 | Under contract | $200,000 | — | REALTRACS |
| Jan 15, 2026 | Relisted | $200,000 | — | REALTRACS |
| Dec 19, 2025 | Listing removed | $200,000 | — | Listing agent |
| Sept 24, 2025 | New listing | $200,000 | — | REALTRACS |
Payment calculator
Based on information submitted to the MLS GRID as of Feb 15, 2026 10:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more