Sold
Last Sold Price
3 beds4 baths3,178 sqft

505 W Spring St, Lebanon, TN 37087

Multi FamilyProperty Type
1949Year Built
$170/sq ftPrice per sq ft
8 carsParking Spaces

Description

Attention Investors! Value-add 5-unit multifamily investment in Lebanon, TN offering strong income potential.. Wonderful opportunity to own a 5 unit rental in historic Lebanon TN. Great location right down the street from Cumberland University.Attention Investors! Value-add 5-unit multifamily investment in Lebanon, TN offering strong income potential.. Wonderful opportunity to own a 5 unit rental in historic Lebanon TN. Great location right down the street from Cumberland University.
  • Listed by: Keith Boykin 615.788.9356 Willboykin@outlook.com • Jamison Durham Real Estate
  • Listed by: William Mark Chrisawn 615.513.3509 mchrisawn@realtracs.com • Jamison Durham Real Estate
Listing closed: 09/01/2026 12:00 AM • Source: REALTRACS as distributed by MLS GRID, MLS#: 3117901
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Location

Listing Courtesy of Jamison Durham Real Estate, Keith Boykin (615.788.9356); Jamison Durham Real Estate, William Mark Chrisawn (615.513.3509)

Sold By RE/MAX Choice Properties, Luciana Bowman (615.480.3475)

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$3,095 per month

30 year fixed, 7.03% Interest

Principal and Interest

$2,883

Property Taxes

$212

HOA Dues

$0

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Property Information for 505 West Spring Street

Property Details

  • Taxes: $2,546 / year
  • MLS Type: Residential Income
  • Waterfront: No

Building Information

  • Stories: 2
  • Residences: 5
  • Year Built: 1949

Summary

Location and General Information
  • Directions: From Exit 236 South Hartman Dr follow it to Leeville Pk turn. left on Castle Heights turn right on to W. Spring St Unit is on the left
  • Elementary School: Byars Dowdy Elementary
  • High School: Lebanon High School
  • Levels: Two
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Middle Or Junior School: Winfree Bryant Middle School
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Total Non Garage Parking Spaces: 7.0
  • Garage Spaces: .00
  • Parking Features: Attached, Gravel
  • Parking Total: 8.00
Taxes and HOA Information
  • Condo Coop Association YN: No

Property

Building Information
  • Above Grade Finished Area Source: Owner
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Owner
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Owner
  • Building Area Units: Square Feet
  • Flooring: Laminate, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 068F C 02200 000
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Hardboard Siding
  • Documents Count: 0
  • New Construction: No
  • Possession: Negotiable
  • Property Attached: Yes
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Attached Garage: No
  • Carport Spaces: 1
  • Carport: Yes
  • Covered Spaces: 1.00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: No

Multi Family

Multi-Family Information
  • Number Of Units Total: 5
Unit 1
  • Unit Type Actual Rent: $1,400.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
Unit 3
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
Unit 4
  • Unit Type Actual Rent: $1,100.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom

Rental Information

Rental Information
  • Rent Includes: None
  • Tenant Pays: Electricity, Gas, Water
  • Total Actual Rent: $4,700

Property History for 505 West Spring Street

DateEvent & SourcePriceAppreciation
Sep 1, 2026

Closed (Public Record)

Public Record #152463979

$540,000—
Sep 1, 2026

Closed

REALTRACS #3117901

$540,000—
Aug 26, 2026

Price Change

REALTRACS #3117901

$555,900—
DateEvent & SourcePrice
09/01/2026

Closed (Public Record)

Public Record #152463979

$540,000
09/01/2026

Closed

REALTRACS #3117901

$540,000
08/26/2026

Price Change

REALTRACS #3117901

$555,900

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

Public records

505 West Spring Street

Baths

4

Total Finished SqFt

2,678 SqFt

Above Grade Finished SqFt

2,678 SqFt

Stories

1

Lot Size

9,951 SqFt

Style

Miscellaneous Commercial

Schools near 505 West Spring Street

This home is within Lebanon School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 12
Rating
School
Distance
Byars Dowdy Elementary School
PublicPK to 5

Winfree Bryant Middle School
Public6 to 8

Lebanon High School
Public9 to 12

Barry Tatum Academy
Public4 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 505 West Spring Street, Lebanon, TN 37087
$540,000
3
4
3,178
–
$179,500
–
2
2,079
8,096
$348,000
–
3
3,828
39,200
$105,000
–
1
1,004
15,660
–
–
1
1,882
20,500
$130,000
–
–
–
10,018

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jamison Durham Real Estate, Keith Boykin (615.788.9356); Jamison Durham Real Estate, William Mark Chrisawn (615.513.3509)

Based on information submitted to the MLS GRID as of 09/02/2026 07:28 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.