Mount Juliet TN Multi Family Homes for Sale

Mount Juliet TN Multi Family Homes Listings
April 16, 2024
1036
Listed
74
Avg. DOM
$248.60
Avg. $ / Sq.Ft.
$585,000
Med. List Price
1036 Properties
Page 1 of 87
Rather speak with a local Mount Juliet real estate agent on the phone instead? Give us a call at (615) 257-8317 for a free consultation. We look forward to helping you find the perfect multi family home!

View All Homes For Sale in Mount Juliet TN >>>

Exploring Multi-Family Homes in Mount Juliet, TN: An Introduction

Mount Juliet TN Multi Family Homes

Mount Juliet, a charming city in Tennessee, has been attracting attention for its robust real estate market, particularly in the multi-family home sector. As of September 2023, Mount Juliet's real estate landscape has shown some interesting trends. Despite a slight decrease of 0.6% in home prices compared to the previous year, the median sale price stood at a notable $498K. These figures reflect a dynamic market that balances buyer interest with a healthy supply of properties. Interestingly, homes in Mount Juliet have a median selling time of 43 days on the market, slightly longer than last year's 38 days, indicating a stable demand.

In addition, the median listing home price in Mount Juliet was recorded at $639.9K in September 2023, marking a significant increase of 9% year-over-year. This upward trend is further emphasized by the median sold price in October 2023, which was $539,950, up by 5.6% from the previous year. The median price per square foot was also noted at $231, providing a comprehensive picture of the market's health and the value being placed on properties in Mount Juliet.

Why Mount Juliet? The Rising Star of Tennessee Real Estate

Mount Juliet's appeal lies not just in its real estate market but also in its demographic profile and the quality of life it offers. With a population of 40,766, the city boasts a diverse age distribution: 20.6% of residents are between 5 and 17 years, 29.4% fall in the 35-54 age bracket, and those over 65 years make up 13.9% of the population. Such a varied age range indicates a vibrant community suitable for families, working professionals, and retirees alike.

The economic stability of Mount Juliet is evident through its per capita income, which stands at $46,736, surpassing the national average of $37,638. This is complemented by an impressive median household income of $98,628, significantly higher than the U.S. median of $69,021. These figures point to a community with substantial spending power, a key factor in driving real estate investments, especially in the multi-family home sector.

Mount Juliet's racial and ethnic diversity further adds to its charm and appeal. The city has a majority of White residents at 79.0%, followed by Black or African American at 7.0%, Hispanic or Latino at 6.0%, and Asian residents at 3.9%. This multicultural makeup contributes to a rich, inclusive community fabric, making Mount Juliet an attractive location for a wide range of buyers and investors.

In summary, Mount Juliet's growing real estate market, combined with its demographic appeal, makes it an attractive destination for those looking to invest in multi-family homes. The city's economic stability, cultural diversity, and quality of life offer a promising environment for real estate investments to flourish.

A Deep Dive into Mount Juliet's Multi-Family Property Market

Mount Juliet Multi Family Homes

Mount Juliet's multi-family housing market has shown a promising trend towards the end of 2023. As of December 1, 2023, the real estate listings for multi-family homes in Mount Juliet have highlighted some key figures. There were three multi-family homes listed, with an average of 118 days on the market (DOM). This duration suggests a steady interest in these types of properties. The average price per square foot for these homes was $233.09, providing a good indicator of the market value for these properties. The median list price for multi-family homes was around $1,200,000, reflecting the premium nature of these investments.

The multi-family homes in Mount Juliet cater to a range of buyers, from those looking for investment opportunities to families seeking a community-oriented living experience. These properties often come with various amenities and are designed to meet the needs of a diverse demographic. The market for these homes is dynamic, with a balance between supply and demand maintaining healthy price points.

The Architectural Landscape: Styles and Designs of Mount Juliet's Multi-Family Homes

Mount Juliet's architectural landscape is diverse, offering a mix of modern and traditional southern styles. This variety caters to different tastes and preferences, making the city an appealing option for a broad range of homebuyers. The multi-family homes in Mount Juliet are known for their modern architectural designs, which appeal to the new-age homebuyer, as well as traditional southern homes that exude a classic aesthetic charm.

In neighborhoods like Providence, you can find townhomes priced in the low $100Ks, cottage homes in the mid $100Ks, and larger single-family homes starting in the mid $200Ks. Lake Providence, a 55+ gated community, offers resort-style living with prices ranging from the mid $300Ks to mid $600Ks. These homes were built between 2007 and 2020, highlighting the recent development in the area. Additionally, in neighborhoods like Abbottsford, you can find large homes with all brick construction, with sizes ranging from 3,100 to over 6,000 square feet and priced in the upper $300Ks to upper $700Ks.

The architectural styles in Mount Juliet reflect both the city's growth and its adherence to traditional aesthetics. Whether buyers are looking for modern luxury or classic southern charm, the city’s multi-family homes offer a variety of options to suit different preferences and budgets.

Understanding the Size and Scope: Square Footage and Property Sizes in Mount Juliet

Mount Juliet  Homes

Mount Juliet's real estate market offers a diverse range of property sizes, catering to various preferences and needs. The average house size in the city stands at approximately 2,725 square feet, providing ample living space for families and individuals alike. Moreover, the median lot size in Mount Juliet is around 13,939 square feet, offering generous outdoor space for recreation and relaxation. These dimensions reflect the community's commitment to providing comfortable and spacious living environments.

Multi-family homes in Mount Juliet, while varying in size, generally align with these averages, ensuring that residents have enough space to meet their lifestyle requirements. The square footage of these homes is designed to accommodate the needs of modern living, with open floor plans and spacious rooms being common features.

Key Amenities and Upgrades in Mount Juliet Multi-Family Properties

Mount Juliet's multi-family properties are not just about space; they are also about the quality of life offered through various amenities and upgrades. For instance, a home in the Jackson Hills community boasts 3,487 square feet of living space, including high ceilings, custom trim, and a blend of high-end finishes. The kitchen is a focal point in many homes, often featuring large islands, gas cooktops, and modern appliances, making it ideal for family gatherings and culinary enthusiasts.

In communities like Willoughby Station, residents enjoy amenities such as multiple pools, including a lap pool and kids' splash area, playgrounds, tennis/pickleball courts, and a basketball court. These amenities cater to families and individuals who value active and community-oriented lifestyles. Additionally, homes in the Tuscan Gardens community come with luxurious features such as granite countertops, spacious walk-in closets, and luxury baths, emphasizing comfort and elegance.

The emphasis on community amenities, such as pools, clubhouses, fitness centers, and greenways, highlights Mount Juliet's focus on creating neighborhoods that are not just places to live but communities to thrive in. These amenities, coupled with the spacious and well-designed homes, make Mount Juliet an attractive option for those seeking a balanced and enriched living experience.

Navigating the Financials: Price Points and County Tax Implications

Investing in Mount Juliet's multi-family homes involves understanding the financial landscape, including property taxes and price points. In Wilson County, where Mount Juliet is located, the median property tax is around $1,136 per year for a home valued at the median price of $187,500. This tax rate, approximately 0.61% of a property's assessed fair market value, is an important factor for potential investors and homeowners to consider when budgeting for their property expenses.

The real estate market in Mount Juliet offers a diverse range of price points for multi-family homes. For example, in the neighborhood of Nichols Vale, you can find both townhomes and single-family homes with prices ranging from the mid $300Ks to low $600Ks, catering to a variety of budgets and lifestyle needs. This range demonstrates the flexibility and diversity in Mount Juliet's housing market, allowing investors and homebuyers to find properties that fit their financial parameters.

The Neighborhoods of Mount Juliet: Where to Find Multi-Family Homes

Mount Juliet is home to several appealing neighborhoods, each offering unique characteristics and amenities. Providence is a master-planned community with a mix of condos, townhomes, and single-family houses. It features a walkable town center, pools, playgrounds, walking trails, and a fitness center, making it ideal for families, singles, and retirees.

Del Webb Lake Providence caters to active adults aged 55 and older, offering a range of floor plans in single-family homes and townhomes. Its amenities include a clubhouse, indoor and outdoor pools, tennis courts, and a fishing lake, promoting an active and social lifestyle.

Willoughby Station is known for its range of home styles, community pool, and tennis courts, attracting families and individuals who enjoy an active community life. Its proximity to shopping, dining venues, and excellent schools adds to its appeal.

For those seeking luxury living, Wright Farms offers upscale homes with various floor plans and amenities like a community playground and green spaces. The neighborhood provides a serene, country-like setting while remaining close to modern conveniences.

Stonehollow, a recent development, is known for its contemporary homes with open space design, incorporating features like wide sidewalks, a community pool, and a cabana. Its location is convenient for commuting to Nashville, making it popular among working professionals.

In addition to these neighborhoods, North Mount Juliet offers diverse dining, entertainment options, and access to green spaces and parks like Eagle Park, Shutes Branch Recreation Area, and Sgt. Jerry Mundy Memorial Park, as well as golf courses for outdoor enthusiasts.

Education and Community: School Districts and Nearby Facilities

Mount Juliet's commitment to education is evident in its school district's performance. For the 2023-24 school year, Wilson County School District, serving Mount Juliet, ranks in the top 10% of public schools in Tennessee, with an average testing ranking of 10/10. This district encompasses 25 public schools serving 19,521 students, reflecting a strong educational infrastructure​​. In Mount Juliet specifically, there are 13 public schools serving 11,778 students, and 6 private schools serving 1,478 private students. Mount Juliet stands out for having one of the highest concentrations of top-ranked public schools in Tennessee, with 89% of all K-12 students attending public schools.

Your Next Investment in Mount Juliet: What to Consider Before Buying

When considering an investment in Mount Juliet's multi-family homes, there are several factors to weigh. The city’s proximity to Nashville, located just 17 miles east, provides the perfect blend of suburban tranquility and urban convenience. This makes Mount Juliet particularly appealing to those who work in the city but prefer a quieter, more community-oriented living environment.

In summary, Mount Juliet, TN, presents a compelling case for investing in multi-family homes. The city's real estate market shows a healthy mix of rising property values and a stable demand. The diverse architectural styles and property sizes cater to various preferences, while the quality of life is enhanced by numerous community amenities and upgrades. Financial considerations, including property taxes and a range of price points, are favorable for investors. The well-regarded school district and proximity to Nashville make Mount Juliet an attractive option for families and professionals alike. With a blend of modern conveniences and a strong sense of community, Mount Juliet is an ideal location for those seeking a balanced and rewarding investment in real estate.