505 W Spring St Lebanon, TN ^$ 579,900

505 W Spring St

^$ 579,900

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Recently Listed

505 W Spring St

Lebanon, TN, 37087

^$ 579,900

Bedrooms3 Baths0.0 Sq 3,178

Monthly Estimate*

^$ 3,571

505 W Spring St, Lebanon, TN 37087 - Image 1

505 W Spring St, Lebanon, TN 37087 - Image 2

505 W Spring St, Lebanon, TN 37087 - Image 3

505 W Spring St, Lebanon, TN 37087 - Image 4

505 W Spring St, Lebanon, TN 37087 - Image 5

505 W Spring St, Lebanon, TN 37087 - Image 6

Multi-Family Home for sale in Lebanon, TN

for $579,900 with 3 bedrooms. This 3,178 square foot home was built in 1949.

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.

Multi-Family Active

Price

^$ 579,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,546

Style

Multi Family

Year Built

1949

Town/City

Lebanon

County/Region

Wilson

MLS | Web ID

3117901

Features

General

Living Area 3178

Sewer Public Sewer

Heating Central Electric

Cooling Electric Wall/Window Unit(s)

Utilities Electricity Available Water Available

Possession Negotiable

Zoning Commercial

Garage Spaces 0

Construction Materials Hardboard Siding

Year Built 1949

Tenant Pays Electricity Gas Water

Stories Count 2

Levels One

Gross Income 5800

County Wilson County TN

Net Operating Income 4300

Operating Expense 1500

New Construction N

Property Type Residential Income

Attached Garage N

Subdivision Name n/a

Garage Y/N N

Rent Includes None

Status Active

Directions From Exit 236 South Hartman Dr follow it to Leeville Pk turn. left on Castle Heights turn right on to W. Spring St Unit is on the left

High School Lebanon High School

City Lebanon

Senior Community Y/N N

Open Parking Spaces 7

Number Of Units Total 5

Lot Size Units Acres

Carport Spaces 1

Carport Y/N Y

Elementary School Byars Dowdy Elementary

Property Attached Y/N Y

Year Built Details Existing

Tax Annual Amount 2546

Middle/Junior High School Winfree Bryant Middle School

Building Area Units Square Feet

Living Area Units Square Feet

Standard Status Active

Total Actual Rent 4700

Interior

Flooring Laminate Vinyl

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 3178

Below Grade Finished Area Unit Type Square Feet

Below Grade Finished Area Source Owner

Above Grade Finished Area Source Owner

Above Grade Finished Area Unit Type Square Feet

Exterior

Parking Features Attached Gravel

Water Source Public

Total Parking 8

Inclusions Negotiable

Building Area Total 3178

Lot Dimensions 93 X 107 M IRR

Waterfront Y/N N

Covered Spaces 1

Internal Only

Street Number 1 505

* Excluded Features

List By

Jamison Durham Real Estate

Broker

Willboykin@outlook.com

Affordability Calculator

$3,783

Per Month

Monthly Principal & Interest: $3,571
Monthly Property Taxes: $212
Monthly Home Insurance: --

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Interest Rate

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Yearly 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

Trends
Schools

Multi-family listings in Lebanon, TN

Average List Price ^$1,197,720

Percent of Sale Price 107%

About Lebanon, TN

33,677 Population

48% Since 2002

^$46,583 Median Income

38.62 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

245683 Elementary School

245246 Middle School

Lebanon High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/29/2026	$579,900		Listed Price

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505 W Spring St, Lebanon, TN, 37087 is a Multi-Family Home for sale at $579,900 with 3,178 sqft. 505 W Spring St has 3 bedrooms, 0.0 baths, and was built in 1949. The property's zip code is 37087 which is in Lebanon, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of RealTracs Solutions. Real estate listings held by firms other than Weichert Realtors are marked with the Internet Data Exchange logo or thumbnail logo and detailed information about them includes the Listing Broker’s Firm Name.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 1/29/2026.

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505 W Spring St

Multi-Family Home for sale in Lebanon, TN

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