806 N Cumberland St Lebanon, TN $ 2,799,000
806 N Cumberland St
$ 2,799,000
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806 N Cumberland St

Lebanon, TN, 37087
$ 2,799,000
Baths0.0 Sq 26,172

Monthly Estimate*

$ 17,234

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Studio

Multi-Family Home for sale in Lebanon, TN

for $2,799,000. This 26,172 square foot home was built in 1966.

Tremendous opportunity in this value add property. All units have been recently renovated, rented well below market rates. Opportunity to convert onside office into an additional 1 bedroom unit. Laundry facility could be utilized for additional income. Lebanon, TN is one of the fastest growing cities in the United States. Assumable 3.37% loan. 17 One Bedroom Units(office conversion would make 18); 10 Two Bedroom Units

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Multi-Family Contingent

Price

$ 2,799,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,699

Style

Multi Family

Year Built

1966

Town/City

Lebanon

County/Region

Wilson

MLS | Web ID

2885133

Features
General
Living Area 26172
Sewer Public Sewer
Heating Electric
Cooling Electric Wall/Window Unit(s)
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Membrane
Zoning CG
Garage Spaces 0
Construction Materials Brick
Year Built 1966
Tenant Pays Cable TV Electricity
Stories Count 2
Levels One
Gross Income 265200
County Wilson County TN
Net Operating Income 180435
Operating Expense 84765
New Construction N
Property Type Residential Income
Attached Garage N
Contingency Financing
Subdivision Name Cumberland Hills Apartments
Garage Y/N N
Rent Includes Trash Collection Water
Status Under Contract - Showing
Buyer Financing Assumed
Directions I-40 to Lebanon S Cumberland go through square to N Cumberland Cumberland a hills Apartments will be approx 1 mile on the left
High School Lebanon High School
City Lebanon
Senior Community Y/N N
Open Parking Spaces 45
Number Of Units Total 27
Lot Size Units Acres
Elementary School Coles Ferry Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 7699
Middle/Junior High School Walter J. Baird Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Total Actual Rent 1650
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 26172
Laundry Features Share
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Other
Above Grade Finished Area Source Other
Above Grade Finished Area Unit Type Square Feet
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Exterior
Water Source Public
Total Parking 45
Inclusions Appliances
Building Area Total 26172
Lot Dimensions 1.28
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 806
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* Excluded Features
List By
Parrish & Associates

Broker

russellparrish@hotmail.com

Email

Affordability Calculator

$17,876
Per Month
96%
4%
0%
Monthly Principal & Interest
$17,234
Monthly Property Taxes
$642
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
244986 Elementary School
244478 Middle School
Lebanon High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2025$2,799,000 Listed Price

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806 N Cumberland St, Lebanon, TN, 37087 is a Multi-Family Home for sale at $2,799,000 with 26,172 sqft. 806 N Cumberland St is a studio with 0.0 baths and was built in 1966. The property's zip code is 37087 which is in Lebanon, TN