Rare opportunity to acquire a turnkey 5-unit townhome complex in a rapidly growing market near Cumberland University and Lebanon's Historic Square, and less than 1 mile to I 40 and 30 min from Nashville's International Airport.
All five units offer highly desirable 3 bed / 2.5 bath floorplans with private patios, designed to attract and retain long-term tenants. Interiors feature eat-in kitchens with built-in desk areas, large pantries, and abundant storage closets—plus spacious primary suites with double closets. Durable finishes including LVP flooring, tile baths, granite countertops, and oversized dedicated laundry rooms help minimize turnover and are designed for low maintenance and lasting value.
Operational efficiency is a standout: no HOA fees, no dumpster expense, and 10 dedicated parking spaces. A low-maintenance asset with solid fundamentals—perfect for investors seeking stable cash flow with minimal overhead. All kitchen appliances convey, making this a true turnkey addition to any portfolio. Prime location supports continued rent growth and long-term appreciation. Buyer/buyer's agent to verify all pertinent information.
Active
$1,299,900
935 Bluebird Rd, Lebanon, TN 37087
6beds
6baths
6,497sqft
Multi Family
Built in 2020
-- sqft lot
$-- Zestimate®
$200/sqft
$-- HOA
What's special
Private patiosTile bathsEat-in kitchensLarge pantriesOversized dedicated laundry roomsAbundant storage closetsBuilt-in desk areas
- 119 days
- 181
- 13
Zillow last checked:
Listing updated:
Listed by:
Debbie Pruitt 615-337-0403,
Cumberland Real Estate LLC 615-443-7653
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3215187
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Individual, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Carpet, Luxury Vinyl, Tile
Interior area
- Total structure area: 6,497
- Total interior livable area: 6,497 sqft
- Finished area above ground: 6,497
Property
Parking
- Total spaces: 10
- Parking features: Paved
- Uncovered spaces: 10
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.39 Acres
- Dimensions: 90 x 189.61 IRR
Details
- Parcel number: 067G B 01100 000
- Zoning: RM6
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Hardboard Siding, Brick
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Lebanon
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $644,000
- Annual tax amount: $7,449
- Date on market: 5/18/2026
- Inclusions: Appliances
- Total actual rent: 3200
- Tenant pays: Electricity, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Listed for sale | $1,299,900+20.9%$200/sqft |
Source: | ||
| 1/19/2024 | Sold | $1,075,000-23.2%$165/sqft |
Source: | ||
| 12/19/2023 | Contingent | $1,400,000$215/sqft |
Source: | ||
| 11/16/2023 | Listed for sale | $1,400,000+1650%$215/sqft |
Source: | ||
| 9/13/2019 | Sold | $80,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,449 | $257,600 |
| 2024 | $7,449 | $257,600 |
| 2023 | $7,449 | $257,600 |
| 2022 | $7,449 | $257,600 |
| 2021 | -- | $257,600 +2431.7% |
| 2020 | $382 +49.2% | $10,175 |
| 2019 | $256 -28.2% | $10,175 |
| 2018 | $357 +0% | $10,175 |
| 2017 | $357 +20.9% | $10,175 |
| 2016 | $295 -20% | $10,175 |
| 2015 | $369 +12.3% | $10,175 +12.3% |
| 2014 | $329 | $9,064 |
| 2013 | $329 +9.6% | $9,064 |
| 2012 | $300 +2.3% | $9,064 |
| 2011 | $293 | $9,064 |
| 2010 | -- | $9,064 -5.2% |
| 2009 | $302 | $9,559 |
| 2008 | $302 +33.3% | $9,559 +20.3% |
| 2007 | $226 -12% | $7,945 |
| 2006 | $257 | $7,945 |
| 2005 | $257 -15.6% | $7,945 |
| 2003 | $305 +18.7% | $7,945 +18.7% |
| 2002 | $257 | $6,696 |
| 2001 | -- | $6,696 -75% |
| 2000 | -- | $26,784 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37087
Nearby schools
Schools provided by the listing agent
- Elementary: Sam Houston Elementary
- Middle: Walter J. Baird 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.





