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    • $540,000

    505 W Spring St, Lebanon, TN 37087

    3beds
    4baths
    3,178sqft
    Multi Family
    Built in 1949
    -- sqft lot
    $-- Zestimate®
    $170/sqft
    $2,470 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,470/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Keith Boykin 615-788-9356,

    Jamison Durham Real Estate,

    William Mark Chrisawn 615-513-3509,

    Jamison Durham Real Estate

    Bought with:

    Luciana Bowman, 387226

    RE/MAX Choice Properties

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3117901MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Electric, Wall/Window Unit(s)
    Features
    • Flooring: Laminate, Vinyl
    Interior area
    • Total structure area: 3,178
    • Total interior livable area: 3,178 sqft
    • Finished area above ground: 3,178

    Property

    Parking
    • Total spaces: 8
    • Parking features: Attached, Gravel
    • Carport spaces: 1
    • Uncovered spaces: 7
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 9,951 Square Feet
    • Dimensions: 93 x 107 M IRR
    Details
    • Parcel number: 068F C 02200 000
    • Zoning: Commercial
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Hardboard Siding
    Condition
    • New construction: No
    • Year built: 1949

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Lebanon

    Financial & listing details

    • Price per square foot: $170/sqft
    • Tax assessed value: $220,100
    • Annual tax amount: $2,546
    • Date on market: 6/8/2026
    • Inclusions: Negotiable
    • Total actual rent: 4700
    • Tenant pays: Electricity, Gas, Water
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/1/2026Sold$540,000-2.9%$170/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    8/26/2026Pending sale$555,900$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    6/8/2026Listed for sale$555,900$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    6/1/2026Contingent$555,900$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    4/6/2026Listed for sale$555,900$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    3/8/2026Contingent$555,900$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    2/27/2026Price change$555,900-4.1%$175/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    1/29/2026Listed for sale$579,900+3.6%$182/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3117901 Report a problem
    3/31/2023Listing removed--
    Source: RealTracs MLS as distributed by MLS GRID #2442740 Report a problem
    2/9/2023Listed for sale$559,900$176/sqft
    Source: RealTracs MLS as distributed by MLS GRID #2442740 Report a problem
    2/1/2023Listing removed--
    Source: RealTracs MLS as distributed by MLS GRID #2442740 Report a problem
    9/26/2022Listed for sale$559,900-6.7%$176/sqft
    Source: RealTracs MLS as distributed by MLS GRID #2442740 Report a problem
    9/16/2022Listing removed--
    Source: RealTracs MLS as distributed by MLS GRID #2412044 Report a problem
    7/22/2022Listed for sale$599,900+2252.5%$189/sqft
    Source: RealTracs MLS as distributed by MLS GRID #2412044 Report a problem
    1/31/1996Sold$25,500$8/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,546 $88,040
    2024$2,546 $88,040
    2023$2,546 $88,040
    2022$2,546 $88,040 +0.5%
    2021-- $87,600 +28.4%
    2020$2,565 +49.2%$68,240
    2019$1,719 -28.2%$68,240
    2018$2,395 0%$68,240
    2017$2,395 +21%$68,240
    2016$1,980 -20%$68,240
    2015$2,476 +63.9%$68,240 +63.9%
    2014$1,511 $41,639
    2013$1,511 +8.2%$41,639 -1.2%
    2012$1,396 +2.3%$42,161
    2011$1,364 $42,161
    2010-- $42,161 +1.3%
    2009$1,314 $41,602
    2008$1,314 +20.2%$41,602 +8.5%
    2007$1,093 -12%$38,344
    2006$1,242 $38,344
    2005$1,242 -15.6%$38,344
    2003$1,472 +27.7%$38,344 +27.7%
    2002$1,153 $30,021
    2001-- $30,021 -57.6%
    2000-- $70,772
    Find assessor info on the county website

    Neighborhood: 37087

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Byars Dowdy Elementary
    • Middle: Winfree Bryant Middle School
    • High: Lebanon High School

    Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

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