For sale Home

Listed May 27, 2026

$549,900 Est. $3,637/mo

406 Hedgemont Avenue

  • 9

    Beds

  • 6

    Baths

  • 3,300

    Sq ft

The story

  • Basement

Investment opportunity meets modern living in the heart of Fayetteville! Built in 2023, this exceptional triplex offers the perfect blend of immediate cash flow and owner-occupant flexibility. Whether you're looking to expand your real estate portfolio or take advantage of a house-hacking opportunity, this property delivers. One unit is vacant and move-in ready, allowing you to live on-site while generating rental income from the two occupied units - or lease the third unit and maximize your returns from day one. Each of the three units features approximately 1,100 square feet of thoughtfully designed living space with 3 bedrooms and 2 bathrooms. All appliances remain, including the stove, microwave, refrigerator, and washer/dryer combo, making this a truly turnkey investment. Situated on a 0.24-acre lot, each unit enjoys access to green space in the backyard, providing tenants and owners alike with room to relax and enjoy the outdoors. Convenience is key, with two dedicated driveway parking spaces per unit and a prime location within walking distance of downtown Fayetteville, schools, parks, shopping, dining, and everyday amenities. Only 45 minutes to Huntsville, Tullahoma, NASA Marshall Space Flight Center and Arnold AFB. Opportunities to own a newer construction multi-family property with established rental income and owner-occupant potential are incredibly rare. Don't miss your chance to own this modern, income-producing triplex in one of Fayetteville's most desirable locations! **Special Financing** 3.5% FHA or 5% Conventional Down payment minimum requirements are available while having tenant occupied units contribute toward your DTI as Qualifying Income. Have tenants pay your mortgage while building equity, and still have a private 3 bed 2 bath home. DSCR and Other Investment Loans are also available. See listing agent for details!

Facts & features

Home type

Home

Year built

2023

Floors

2

Price per sq ft

$167

Included features

  • Basement

    Yes

  • Cooling

    Ceiling Fan(s), Central Air, Electric

  • Heating

    Central, Electric

  • Appliances

    Electric Oven, Electric Range, Disposal, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer

  • Flooring

    Vinyl

  • Roof

    Shingle

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$3,637 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $2,927
  • Property tax $550
  • Insurance $160

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Elam Real Estate

Broker Name

Elam Real Estate

Agent

Kevin Rose