515 N Academy St Murfreesboro, TN $ 550,000
515 N Academy St
$ 550,000
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515 N Academy St

Murfreesboro, TN, 37130
$ 550,000
Bedrooms4 Baths6.0 Sq 2,308

Monthly Estimate*

$ 3,386

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Multi-Family Home for sale in Murfreesboro, TN

for $550,000 with 4 bedrooms and 6 full baths. This 2,308 square foot home was built in 2008.

Unlock the perfect blend of income potential and lifestyle in this beautifully positioned Murfreesboro duplex just minutes from MTSU (1.5 miles) and top schools, dining, shopping, and entertainment. Take a short walk to the Murfreesboro Town Square for music, farmer's markets, and more! This rare investment opportunity features two well-designed units with one side currently vacant and the other income-producing, making it ideal for house hacking, rental income, or a savvy addition to your real estate portfolio. Enjoy the flexibility to live in one unit while the other helps offset your mortgage, or maximize returns with a full rental strategy in this high-demand Middle Tennessee market. The 515 unit had a new geothermal HVAC + thermostat installed in 2025. The 517 unit had a new hot water heater installed in 2024. The private backyard offers a peaceful retreat - perfect for relaxing or entertaining - adding to the property's strong tenant appeal and livability. Located in one of Murfreesboro’s most sought-after areas for rental properties near MTSU, this duplex is surrounded by consistent rental demand, making it a standout opportunity for both new and seasoned investors. Opportunities like this - combining location, income potential, and lifestyle - are hard to find. Schedule your private showing today and secure your place in one of Tennessee’s fastest-growing real estate markets!

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Multi-Family Active

Price

$ 550,000

Bedrooms

4

Full Bath

6

Property Type

Multi-Family

Taxes

$ 3,332

Style

Duplex

Year Built

2008

Town/City

Murfreesboro

County/Region

Rutherford

MLS | Web ID

3166178

Features
General
Living Area 2308
Sewer Public Sewer
Heating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities Electricity Available Water Available
Possession Negotiable
Roof Shingle
Zoning COM
Garage Spaces 0
Security Features Smoke Detector(s)
Construction Materials Aluminum Siding Vinyl Siding
Year Built 2008
Tenant Pays Cable TV Electricity Water
Stories Count 2
Levels Two
Gross Income 29590
County Rutherford County TN
Net Operating Income 16919
Operating Expense 12671
New Construction N
Property Type Residential Income
Attached Garage N
Subdivision Name N/A
Garage Y/N N
Rent Includes None
Status Active
Buyer Financing Conventional FHA VA
Directions From the Murfreesboro Square take N Academy St heading north. The house will be on your left just past E Bell St.
High School Siegel High School
City Murfreesboro
Senior Community Y/N N
Number Of Units Total 2
Lot Size Units Acres
Elementary School Mitchell-Neilson Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 3332
Middle/Junior High School Siegel Middle School
Virtual Tour https://www.zillow.com/view-imx/cfce03a0-d94d-4d3e-a49f-e61bce69b779?wl=true&setAttribution=mls&initialViewType=pano
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 1225
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Interior
Flooring Carpet Concrete Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 2308
Laundry Features Individual Electric Dryer Hookup Washer Hookup
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 Concrete Driveway
Water Source Public
Total Parking 0
Inclusions Appliances No Furnishing
Building Area Total 2308
Lot Dimensions 100 X 110 M
Waterfront Y/N N
Covered Spaces 0
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Internal Only
Street Number 1 515
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* Excluded Features
List By
Elam Real Estate

Broker

joe.phinney@elamre.com

Email

Affordability Calculator

$3,664
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$278
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
4313907 Elementary School
245304 Middle School
Siegel High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2026$550,000 Listed Price

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515 N Academy St, Murfreesboro, TN, 37130 is a Multi-Family Home for sale at $550,000 with 2,308 sqft. 515 N Academy St has 4 bedrooms, 6.0 baths, and was built in 2008. The property's zip code is 37130 which is in Murfreesboro, TN