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4015 Salem Street, Milan, TN 38358

For Sale
Sale Pending

$75,000

3 beds • 1 baths • 1,504 sqft

Estimated Payment

$ 450 /mo. †

6.76% APR for 30 yrs.
$721 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $49.87
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This 3-bedroom, 1-bath, 1,504 sq ft home sits on a spacious 1.21-acre lot, offering great potential for investors. Located in a desirable area close to schools, this property is perfect for a fix-and-flip project or as a valuable addition to your rental portfolio. While it does need work, the large lot and solid structure provide an excellent foundation to maximize your return. Don't miss out on this investment opportunity in a small-town market!
MLS# 247653

Courtesy Of LA Realty, LLC

(731) 686-9899

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Dishwasher, Washer
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Brick, Wood Siding
  • Floor Covering
    Vinyl, Wood
  • Heating System
    Floor Furnace, Space Heater
  • Lot Size
    1.21 Acres
  • Rooms
    Dining Room, Kitchen, Living Room

Map and Directions

Directions to 4015 Salem Street, Milan, TN 38358

Home seller CENTURY 21 Golden Service Realty & Auction, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Golden Service Realty & Auction, Inc.

(731) 885-8000
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $390
  • Property Taxes
    $60
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $450

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Milan Elementary School

Grades PK-4 Public School

Milan, TN 38358 0.9 miles
1100 middle rd

836 total students
15:1 Student teacher ratio

School Rating: B-

School Details

Milan Middle School

Grades 5-10 Public School

Milan, TN 38358 0.3 miles
4040 middle rd

534 total students
14:1 Student teacher ratio

School Rating: B-

School Details

Milan High School

Grades 9-12 Public School

Milan, TN 38358 1.3 miles
7060 e van hook st

567 total students
14:1 Student teacher ratio

School Rating: B-

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Milan, TN 38358

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Milan, TN 38358

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are below the national average.

90° July
Hottest Average Month
27° January
Coldest Average Month
4,732 Total Households in Area
1.1% Increase in population since the year 2010
36.9%
of households
have children
27 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Milan, TN 38358

Milan, TN 38358 has a population of 11,918 people in 4,732 households with a median age of 39.2 years old.

1.1%
Increase in population
since the year 2010
Population is Trending up
4,756
Total households as of 2010
0.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 39.2 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 74%
Black 18%
Hispanic 3%
Other 1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 74%, followed by Black at 18%, Hispanic at 3%, and Other at 1%.

Economics
for Milan, TN 38358

148 /sq mi
Population Density
$59,789 /yr
Median Household Income
$203,000
Median Sales Price
27 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 15.38% of the households.

Transportation to Work

  • Drive 95%
  • Work from Home 4%
  • Walk or Bike 2%
  • Public Transit 0%

Occupancy by Type

Owned 2,940 57%
Rented 1,792 35%
Vacant 417 8%

White vs Blue Collar Jobs







White Collar 63%
Blue Collar 37%

Family & Education Facts
for Milan, TN 38358

39.2 Median Age

Average Household Size

2.5
persons per
household

49.7%

Married Households

Community Population By Education

High School Graduate 38%
Some College 27%
Bachelors Degree 12%
Some High School 10%
Graduate Degree 7%
Associates Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.26% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
36.9% of households have children

Weather
for Milan, TN 38358

The weather for this area ranges from a high of 90° F in July to a low of 27° F in January

90° July
Hottest Average Month
27° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
27°
47°
Feb
30°
51°
Mar
38°
61°
Apr
48°
71°
May
57°
79°
Jun
65°
87°
Jul
68°
90°
Aug
66°
90°
Sep
59°
84°
Oct
47°
73°
Nov
38°
61°
Dec
31°
50°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Milan, TN 38358!
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An Equal Opportunity Company

Copyright © 2025 Central West Tennessee Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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