Skip main navigation
Active
    • $555,900

    505 W Spring St, Lebanon, TN 37087

    3beds
    4baths
    3,178sqft
    : 
    $3,290/mo
    Get pre-qualified
    Multi Family
    Built in 1949
    -- sqft lot
    $-- Zestimate®
    $175/sqft
    $-- HOA

    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.
    190 days
    |
    126
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Keith Boykin 615-788-9356,

    Jamison Durham Real Estate 615-454-0048,

    William Mark Chrisawn 615-513-3509,

    Jamison Durham Real Estate

    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: $175/sqft
      • Tax assessed value: $220,100
      • Annual tax amount: $2,546
      • Date on market: 1/29/2026
      • Inclusions: Negotiable
      • Total actual rent: 4700
      • Tenant pays: Electricity, Gas, Water
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 37087

        Getting around

        61 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        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.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts

        Similar homes

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Lebanon Topics

                Search
                Updates
                Favorites
                Plan
                Inbox