Great investment opportunity in Springfield! This well-maintained duplex, with a brand new roof, offers two 1 bed / 1 bath units, each with a bonus space and all appliances included, including washer and dryer. Both units are currently occupied, providing immediate income. One unit rents for $900/month and is leased until Oct 2026 while the other side rents for $700/month on a month-to-month lease. Separate entrances and dedicated parking for each side. Tenants pay for all utilities. With one of the lowest entry prices for a duplex in Middle TN, this property is an excellent addition to an investor portfolio or a strong first-time rental purchase. Property is zoned Commercial. Close to local conveniences and minutes from downtown Springfield. PLEASE DO NOT DISTURB TENANTS. Call listing agent, for more information or to schedule an appointment. Listing agent has personal interest as part owner.
Closed
$229,000
702 Richard St, Springfield, TN 37172
2beds
2baths
1,218sqft
Multi Family
Built in 1947
-- sqft lot
$229,300 Zestimate®
$188/sqft
$1,405 Estimated rent
Home value
$229,300
$216,000 - $243,000
$1,405/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listing Provided by:
Eric Alvarez 615-447-8013,
RE/MAX Choice Properties
Bought with:
Nonmls
Realtracs, Inc.
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3050902
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Laundry: Individual
Features
- Flooring: Carpet, Laminate
Interior area
- Total structure area: 1,218
- Total interior livable area: 1,218 sqft
- Finished area above ground: 1,218
Property
Parking
- Total spaces: 5
- Parking features: Detached
- Garage spaces: 1
- Uncovered spaces: 4
Features
- Levels: One
- Stories: 1
Lot
- Size: 7,350 sqft
- Dimensions: 50 x 147
Details
- Parcel number: 080J E 00400 000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & neighborhood
Location
- Region: Springfield
HOA & financial
Other financial information
- Total actual rent: 1600
Price history
| Date | Event | Price |
|---|---|---|
| 4/2/2026 | Sold | $229,000-8.4%$188/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3050902 Report a problem | ||
| 3/6/2026 | Pending sale | $250,000$205/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3050902 Report a problem | ||
| 1/29/2026 | Price change | $250,000-2%$205/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3050902 Report a problem | ||
| 11/26/2025 | Listed for sale | $255,000+54.5%$209/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3050902 Report a problem | ||
| 8/10/2021 | Sold | $165,000+3.1%$135/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem | ||
| 7/27/2021 | Pending sale | $160,000$131/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem | ||
| 7/18/2021 | Listed for sale | $160,000+276.5%$131/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem | ||
| 10/30/2002 | Sold | $42,500$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,547 +3.6% | $59,600 |
| 2024 | $1,493 | $59,600 |
| 2023 | $1,493 +49.2% | $59,600 +117.2% |
| 2022 | $1,001 +41.6% | $27,440 |
| 2021 | $707 -29.4% | $27,440 |
| 2020 | $1,001 | $27,440 |
| 2019 | $1,001 +0% | $27,440 |
| 2018 | $1,001 0% | $27,440 +8% |
| 2017 | $1,001 -8.1% | $25,400 |
| 2016 | $1,089 +3.1% | $25,400 |
| 2015 | $1,057 -1.2% | $25,400 -1.2% |
| 2014 | $1,070 | $25,720 |
| 2013 | -- | $25,720 |
| 2012 | $1,031 | $25,720 -5.7% |
| 2011 | $1,031 +9.9% | $27,280 |
| 2010 | $938 | $27,280 |
| 2009 | $938 | $27,280 |
| 2008 | $938 +9.9% | $27,280 |
| 2007 | $854 -27.7% | $27,280 -15.5% |
| 2006 | $1,181 +129.7% | $32,280 +129.7% |
| 2005 | $514 | $14,055 |
| 2004 | $514 +80.7% | $14,055 +80.7% |
| 2002 | $285 | $7,778 -13.2% |
| 2001 | -- | $8,964 -67.1% |
| 2000 | -- | $27,226 |
Find assessor info on the county website
Neighborhood: 37172
Nearby schools
GreatSchools rating
- 5/10Krisle Elementary SchoolGrades: PK-5Distance: 4 mi
- 8/10Innovation Academy of Robertson CountyGrades: 6-10Distance: 0.3 mi
- 3/10Springfield High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Cheatham Park Elementary
- Middle: Springfield Middle
- High: Springfield 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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Estimated market value
$229,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$229,300
- Tennessee
- Robertson County
- Springfield
- 37172
- 702 Richard St