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505 W Spring St, Lebanon, TN 37087
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About this home
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.

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Market trends in 37087, TN
Last updated August 2026
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220 Subban Ct, Lebanon, TN 37087 See all
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Sale and tax history for 505 W Spring St
- Sale History
- Tax History
$170/sq ft
$175/sq ft
$182/sq ft
$176/sq ft
$189/sq ft
$8/sq ft
Public record
Property details
Parking
- Parking Information
- Covered Spaces: 1
- Parking Total: 8
- Parking Features: Attached, Gravel
- Open Parking Spaces: 7
- Has Carport
- Carport Spaces: 1
Interior
- Heating & Cooling
- Has Heating
- Heating Information: Central, Electric
- Has Cooling
- Cooling Information: Electric, Wall/Window Unit(s)
- Interior Features
- Flooring: Laminate, Vinyl
Exterior
- Building Information
- Construction Materials: Hardboard Siding
- Property Information
- Property Type: Residential Income
- Attached Property
- Above Grade Finished Area: 3,178
- Above Grade Finished Area Units: Square Feet
- Above Grade Finished Area Source: Owner
- Below Grade Finished Area Units: Square Feet
- Below Grade Finished Area Source: Owner
- Zoning: Commercial
- Lot Information
- Lot Size Units: Acres
- Lot Size Dimensions: 93 X 107 M IRR
Financial
- Tax Information
- Tax Annual Amount: $2,546
- Lease / Rent Details
- Tenant Pays: Electricity, Gas, Water
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Utilities: Electricity Available, Water Available
Location
- Multi-Family Financial Information
- Owner Pays: None
- Net Operating Income: $4,300
- Gross Income: $5,800
- Multi-Unit Information
- # of Units (Total): 5
- Unit Type 1 Information
- Unit Type: 2 Bedroom
- # of Bathrooms: 1
- # of Bedrooms: 2
- Unit Type 2 Information
- # of Bathrooms: 1
- Unit Type 3 Information
- # of Bathrooms: 1
- Unit Type 4 Information
- Unit Type: 1 Bedroom
- # of Bathrooms: 1
- # of Bedrooms: 1
- School Information
- Elementary School: Byars Dowdy Elementary
- Middle Or Junior High School: Winfree Bryant Middle School
- High School: Lebanon High School
- Location Information
- 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
Public facts
- Beds: —
- Baths: 4.0
- Sq. Ft.: 2,678
- Stories: 1.0
- Lot Size: 9,951 square feet
- Style: Other
- Year Built: 1949
- Year Renovated: 1953
- County: Wilson County
- APN: 068F C 02200 000
Other
- Home Information
- Living Area: 3178
- Living Area Units: Square Feet
- Living Area Source: Owner
- Building Area Total: 3178
- Building Area Units: Square Feet
- Building Area Source: Owner
- Year Built Details: Existing
- Structure Type: Multi Family
- Levels: Two
Around this home
Schools
Public PreK-5 • Assigned • 0.9mi
Public 6-8 • Assigned • 1.1mi
Climate risks
Estimated 60-74% chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 106° expected this year, 20 days in 30 years
9% chance of strong winds in next 30 years
1 unhealthy days expected this year, 2 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Nearby similar homes
New listings for sale in 37087
Home values near 505 W Spring St
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 2079 Sq. Ft. | $413,756 |
- Beds | 2 Baths | 3324 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
3 Beds | 3 Baths | 3349 Sq. Ft. | $743,627 |
- Beds | 1 Baths | 1882 Sq. Ft. | $333,929 |
| Address | Redfin Estimate |
|---|---|
- Beds | 2 Baths | 5518 Sq. Ft. | $646,016 |
4 Beds | 3.5 Baths | 2826 Sq. Ft. | $672,775 |
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