405 College St

Portland, TN 37148

$760,000
Last Sold Price
395,524 / 9.08
Lot Size / Acres
Get preapproved with Rocket Mortgage1
Closed 3/13/26
Closed 3/13/26
a view of a glass door
a black and white photo of a bench
a view of a field with an ocean
a view of an ocean
a view of outdoor space and yard
a view of a field with an trees
a view of an outdoor space and a yard
a view of a field with trees
a view of an ocean
a view of a field with an trees
a backyard of apartments with large trees
a view of a field with large trees
a view of a house with a street
a view of a lake with houses
a view of a yard with plants and trees

Description

Prime Portland, TN Investment Opportunity — 9+ Acres | Approved for 18 Duplexes | $900,000
Introducing a rare development opportunity in the heart of Downtown Portland, Tennessee—over 9 level, cleared acres across two combined lots, already approved for an 18-duplex build. At just $50,000 per lot, this is one of the most competitively priced multifamily development sites in Middle Tennessee.
403 COLLEGE STREET
TAX MAP
033A, GROUP A
PARCEL
PARCEL 005.01
Why Investors & Builders Will Love It
• 18-Duplex Build...Prime Portland, TN Investment Opportunity — 9+ Acres | Approved for 18 Duplexes | $900,000

Introducing a rare development opportunity in the heart of Downtown Portland, Tennessee—over 9 level, cleared acres across two combined lots, already approved for an 18-duplex build. At just $50,000 per lot, this is one of the most competitively priced multifamily development sites in Middle Tennessee.

403 COLLEGE STREET
TAX MAP
033A, GROUP A
PARCEL
PARCEL 005.01


Why Investors & Builders Will Love It
• 18-Duplex Build Approved
Engineering and concept approval already in place—dramatically reducing your timeline to break ground. At just $50,000 per lot, this is one of the most competitively priced multifamily development sites in Middle Tennessee.

403 COLLEGE STREET
TAX MAP
033A, GROUP A
PARCEL
PARCEL 005.01


Why Investors & Builders Will Love It
• 18-Duplex Build Approved
Engineering and concept approval already in place—dramatically reducing your timeline to break ground • Level & Cleared Land
No major clearing costs. The topography is ideal for efficient construction, maximizing your ROI. The topography is ideal for efficient construction, maximizing your ROI • Immediate Income Stream
The property includes an existing home currently rented for $2,000/month, providing turnkey income from day one. • Immediate Income Stream
The property includes an existing home currently rented for $2,000/month, providing turnkey income from day one • Flexible Development Options
Keep the rental income while you design your project, or move forward with a full build-out. Note: To achieve the full 18-duplex layout, the existing home will need to be removed or relocated. Note: To achieve the full 18-duplex layout, the existing home will need to be removed or relocated • Unbeatable Price Point
Only $900,000 total — an exceptional value for a ready-to-develop multifamily site in a booming area. Location Highlights
• Situated in downtown Portland, a growing and highly desirable investment market. Location Highlights
• Situated in downtown Portland, a growing and highly desirable investment market • Easy access to local employers, schools, shops, and Highway 109. • Easy access to local employers, schools, shops, and Highway 109 • Strong rental demand in the region, making duplex builds exceptionally profitable. Perfect For:

Builders,
Investors,
1031 Exchange Buyers,
Developers seeking shovel-ready land,
Anyone wanting income today and project potential tomorrow.
  1. Listed by John York | The Locals Group • LPT Realty LLC
    P: (615)-972-3130 C: (615)-972-3130 Johnyorkrealtor@gmail.com

Property Details for 405 College Street

Subdivision Name
None
Waterfront
No
LISTING UPDATED: 03/13/2026 02:33 PM

Property Details for 405 College Street

StatusClosed
MLS #3047895
Days on Market92
Taxes$3,035 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand
Year Built-
Lot Size9.08 AC
CountySumner County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of LPT Realty LLC, John York | The Locals Group (615.972.3130)

Sold By Wally Gilliam Realty & Auction, Michelle Gilliam (615.403.8934)

Add your commute

Building Information for 405 College Street

Lot Size9.08 AC

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$4,080 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,827

Property Taxes

$253

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 405 College Street

Summary
Location and General Information
  • Directions: From the intersection of Highway 109 and Highway 52 proceed north on Highway 109. Turn left on College St and the property will be just ahead on your right.
  • Elementary School: Portland Gateview Elementary School
  • High School: Portland High School
  • Middle Or Junior School: Portland West Middle School
  • Mlg Can View: Yes
  • Topography: Cleared,Level
  • Zoning: R 7.5
  • Road Frontage Type: City Street
Parking
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Lot Information
  • Current Use: Residential
  • Lot Features: Cleared, Level
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Parcel Number: 033A A 00500 000
  • Road Surface Type: Asphalt
  • Lot Size Area: 9.08
Property and Assessments
  • Documents Count: 0
  • Possession: Negotiable
  • Property Attached: No
  • Senior Community: No
Utilities
  • Cooling: No
  • Heating: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: No Dock
  • Pool Private: No
  • View YN: No

Property History for 405 College Street

DateEvent & SourcePriceAppreciation
Mar 13, 2026

Closed

REALTRACS #3047895

$760,000—
Feb 20, 2026

Contract - Not Showing

REALTRACS #3047895

—
Feb 20, 2026

Contract - Showing

REALTRACS #3047895

—
DateEvent & SourcePrice
03/13/2026

Closed

REALTRACS #3047895

$760,000
02/20/2026

Contract - Not Showing

REALTRACS #3047895

—
02/20/2026

Contract - Showing

REALTRACS #3047895

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 College Street

Taxable ValueLand$39,150Additions$91,625Total$130,775
Tax Record2025$1,858 ($155 / month)
Home Facts
Beds0Total Finished SqFt3,366 SqFtAbove Grade Finished SqFt2,741 SqFtFinished Basement SqFt625 SqFtUnfinished Basement SqFt1,995 SqFtStories1Lot Size89,734 SqFtStyleSingle Family ResidenceYear Built1974Year Renovated1994CountySUMNERAPN033A A 00500Fireplace TypeHas Fireplace

Schools near 405 College Street

This home is within Sumner County School District.
Rating
School
Type
Grades
Distance
Portland Gateview Elementary School
Public - PK to 5
Portland West Middle School
Public - 6 to 8
Portland High School
Public - 9 to 12
Merrol Hyde Magnet School
Public - K to 12
Rating
School
Distance
Portland Gateview Elementary School
PublicPK to 5

Portland West Middle School
Public6 to 8

Portland High School
Public9 to 12

Merrol Hyde Magnet School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty LLC, John York | The Locals Group (615.972.3130)

Based on information submitted to the MLS GRID as of 03/13/2026 02:33 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.