Downtown Homes under $500,000

**Discover the Charm of Downtown Living: Affordable Homes Under $500,000**

Welcome to Downtown, where urban sophistication meets suburban comfort! This vibrant subdivision is the heart of our community, offering a unique blend of modern amenities and historic charm. With tree-lined streets, bustling cafes, and boutique shops, Downtown is the perfect place for those who crave a lively atmosphere while enjoying the comforts of home.

For homebuyers seeking affordability without compromising on style, Downtown has a fantastic selection of homes priced under $500,000. Whether you’re a first-time buyer, a growing family, or looking to downsize, you’ll find a variety of options that cater to diverse tastes and needs. From cozy bungalows with character to contemporary townhomes equipped with the latest features, there’s something for everyone.

Imagine stepping out your front door and being just minutes away from local parks, art galleries, and farmer’s markets. Downtown offers a vibrant lifestyle with a strong sense of community, where neighbors become friends and every corner invites exploration. With easy access to public transportation and major highways, commuting is a breeze, making it an ideal location for professionals and families alike.

In Downtown, you can enjoy the best of both worlds: a lively urban environment paired with the comfort of a welcoming neighborhood. Don’t miss out on the opportunity to find your dream home in this dynamic area, where homes under $500,000 are waiting to welcome you. Embrace the Downtown lifestyle and make it your own!

Newest Downtown Homes under $500,000

$199,950

2 Beds ⋅ 1 Baths ⋅ 3628261 MLS ⋅ ACTIVE Status ⋅ 0.18 Acres ⋅ 37040 Zip Code

Looking for the perfect turnkey rental property? Seeking a cute cottage that's close to everything? Look no further! Perfect location to downtown & APSU. Renovated and move in ready. All appliances included. The expansive deck is a stunning feature you don't want to miss!

1238 Commerce St, Clarksville

$387,500

3 Beds ⋅ 2 Baths ⋅ 3621076 MLS ⋅ ACTIVE Status ⋅ 0.15 Acres ⋅ 37055 Zip Code

Imagine living on the best Trick or Treating corner in town! Priced BELOW Appraisal Value! Fantastic Vintage Home for a Buyer seeking a home w/ real character! Charming 1918 Cottage 2 minutes walk to Downtown Main Street. 11 ft Ceilings & many Original Features. Understated from the exterior, this well maintained jewel 3 Bed, 2 Bathroom home is much larger than it appears. Well-Preserved Turn-of-the-Century home is “turn key” with modern conveniences. Impressive Original Wood-Detailed Front Room with floor-to-ceiling built-in Bookcases & Custom Barn Doors that lead to an Office/Den featuring a Decorative Fireplace. Formal Dining Room features wood wall detail with a working Gas Fireplace and an Oak Staircase that leads to a huge upstairs Bedroom with space for a sitting area & desk including a large closet/attic expansion for all your storage items. The large light-filled Vintage Kitchen is a perfect complement to the house where both gas or electric can be used for cooking needs. Perfect for entertaining, a Large Ground Floor Living Room Addition that includes a second Gas Fireplace & Full Bathroom, Laundry with Pantry, plus an enclosed Back Porch leading out to the backyard where a newly roofed shed with electricity has storage for all your gardening needs. Two more Bedrooms are located ground level with the Main Bathroom that includes a Claw Foot Tub. With a Full HVAC System & 2 Gas Fireplaces, this home provides comfort no matter the temperature outside (and quite comfortable during the ice storm last January)! Surrounded by a White Picket Fence with lovingly tended old growth perennials 209 Murrell Street has all the charm and comforts for anyone seeking a classic Vintage home with access to all of Dickson’s top restaurants and attractions. See attached walk thru video. DO NOT ENTER ANY PART OF THE PROPERTY WITHOUT PRIOR APPOINTMENT. $1500 Lender Incentive for qualified Buyers that use Primis Mortgage. Contact Amber Morrissey at Primis (731) 343 2510

209 Murrell St, Dickson

$269,000

4 Beds ⋅ 2 Baths ⋅ 3610378 MLS ⋅ ACTIVE Status ⋅ 0.27 Acres ⋅ 37055 Zip Code

Completely renovated. Open living area concept. Large covered front porch and back deck (partially covered). Walking distance to town.

202 Cherry St, Dickson

$249,999

3 Beds ⋅ 2 Baths ⋅ 3610328 MLS ⋅ ACTIVE Status ⋅ 0.37 Acres ⋅ 38462 Zip Code

Live here. Work here. Invest here. A unique property with prime location, character and flexibility in the heart of Hohenwald! This charming 1949 renovated tudor-style cottage offers the perfect blend of character, updates and versatility with major 2025 updates. Just minutes from and within walking distance of historic downtown Hohenwald. Beautifully renovated with 3 Bedrooms & 2 full baths, new Samsung stainless steel appliances, granite countertop, fresh paint, new flooring and PVC plumbing. The big-ticket items are already done—roof, HVAC and water heater all replaced in 2025! Enjoy a great yard plus an unfinished basement with sump system for additional storage. Currently used as a residental property, however, the property’s C-2 zoning opens the door to numerous potential uses, including administrative services, consumer repair, entertainment, food & beverage, general retail, medical and professional services, and more. (See Zone Uses Sheet in Documents Section) *French Glass Door to be repaired* Unfinished basement with 1,134 sq ft.

206 W Main St, Hohenwald

$279,000

5 Beds ⋅ 3 Baths ⋅ 3594352 MLS ⋅ ACTIVE Status ⋅ 0.29 Acres ⋅ 42240 Zip Code

**MOTIVATED SELLER — BRING YOUR OFFER!** This fully renovated and move-in-ready 5-bedroom, 3-full-bath home offers spacious living, a flexible layout, and plenty of room to make it your own. The **main-level primary suite** provides added convenience, along with a second bedroom on the main floor and **three additional bedrooms upstairs**. With generous living space and a versatile floor plan, this home provides plenty of options for a growing household, guests, or those who simply want room to spread out. Outside, you'll find a **large parking area** and an **easy-to-maintain lawn**, giving you the convenience of ample parking without a lot of yard maintenance. Located approximately **20 minutes from Fort Campbell**, the property is conveniently situated near shopping, schools, and nearby historic districts.

1506 S Clay St, Hopkinsville

$125,000

3512504 MLS ⋅ ACTIVE Status ⋅ 42240 Zip Code

Investment opportunity in a convenient Hopkinsville location! This five-unit multifamily property at 700 E 7th St offers an excellent opportunity for investors seeking rental income and long-term potential. The property features five separate residential units, providing multiple income streams from a single asset. Conveniently located near local shopping, dining, schools, employment, and other community amenities. With its multifamily layout and established location, this property offers flexibility for an investor looking to build or expand a rental portfolio. Whether you're an experienced investor or looking for an income-producing property, this five-unit building is worth a closer look. Schedule your showing today to explore the possibilities this property has to offer. Buyer and buyer's agent to verify all information, including unit details, dimensions, zoning, utilities, rents, expenses, and intended use. Owner owns 702 S Clay St for a package deal $325,000.

700 E 7th St, Hopkinsville

$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

$434,900

4 Beds ⋅ 2 Baths ⋅ 3197552 MLS ⋅ ACTIVE Status ⋅ 0.33 Acres ⋅ 37040 Zip Code

New HVAC AND WATER HEATER! Beautifully maintained historic Craftsman offering approximately 2,900 sq. ft. in a highly walkable location near downtown, F&M Bank Arena, the farmers market, local boutiques, restaurants, and coffee shops. This charming home features 4 bedrooms, 2 full baths, 2 full kitchens, granite countertops, updated appliances, a large upstairs bonus room, and a dedicated office. Blending timeless character with modern updates, the home also offers flexible living potential. The property offers separate upstairs living area that can fuction independently from the main level. Furniture is negotiable for a move-in-ready opportunity. The house was recently used as two separate rentals.

440 N 2nd St, Clarksville

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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.

Downtown Homes under $500,000

Newest Downtown Homes under $500,000

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