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702 Richard St Springfield, TN $ 255,000
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$ 255,000 Get more info
702 Richard St
$ 255,000
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702 Richard St

Springfield, TN, 37172
$ 255,000
Bedrooms2 Baths0.0 Sq 1,218

Monthly Estimate*

$ 1,591

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Multi-Family Home for sale in Springfield, TN

for $255,000 with 2 bedrooms. This 1,218 square foot home was built in 1947.

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. Close to local conveniences and minutes from downtown Springfield. PLEASE DO NOT DISTURB TENANTS. Call listing agent, Eric Alvarez (615)477-8013 for more information or to schedule an appointment. Listing agent has personal interest as part owner.

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Multi-Family Active

Price

$ 255,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 1,493

Style

Duplex

Year Built

1947

Town/City

Springfield

County/Region

Robertson

MLS | Web ID

3050902
Features
General
Living Area 1218
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Available Water Available
Possession Close Of Escrow
Zoning Commercial
Garage Spaces 1
Construction Materials Stucco
Year Built 1947
Tenant Pays Electricity Water
Stories Count 1
Levels One
Gross Income 19200
County Robertson County TN
Net Operating Income 17700
Operating Expense 1500
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name n/a
Garage Y/N Y
Rent Includes None
Status Active
Directions From downtown springfield: Travelling north on S. Main St Left on 7th Ave Left on Richard St property is on the left.
High School Springfield High School
City Springfield
Senior Community Y/N N
Open Parking Spaces 4
Number Of Units Total 2
Lot Size Units Acres
Elementary School Cheatham Park Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 1493
Middle/Junior High School Springfield Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 1600
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Interior
Flooring Carpet Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 1218
Laundry Features Individual
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Detached
Water Source Public
Total Parking 5
Inclusions Appliances
Building Area Total 1218
Lot Dimensions 50X147
Waterfront Y/N N
Covered Spaces 1
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Internal Only
Street Number 1 702
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* Excluded Features
List By
Re/Max Choice Properties

Broker

ericalvarez@remax.net

Email

Affordability Calculator

$1,715
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,591
Monthly Property Taxes
$124
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
244595 Elementary School
4313315 Middle School
Springfield High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/26/2025$255,000 Listed Price

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702 Richard St, Springfield, TN, 37172 is a Multi-Family Home for sale at $255,000 with 1,218 sqft. 702 Richard St has 2 bedrooms, 0.0 baths, and was built in 1947. The property's zip code is 37172 which is in Springfield, TN

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