New construction triplex investment opportunity just minutes from Downtown Springfield and positioned within one of Middle Tennessee’s fastest-growing markets. Located at 1001 Cheatham Street, this modern multifamily property features three designer townhome units, each offering 2 bedrooms and 2.5 bathrooms with functional open-concept layouts, updated finishes, and low maintenance construction. Ideal for investors, owner-occupants, or “house hackers,” the flexible layout supports multiple acquisition strategies including long-term hold, lease-up stabilization, or partial owner occupancy with supplemental rental income. Residents enjoy walkable access to Downtown Springfield’s restaurants, breweries, cafés and shopping while remaining within easy commuting distance to Nashville and surrounding employment corridors. Springfield continues to experience strong residential demand driven by regional population growth, affordability compared to the Nashville urban core, and increasing demand for quality rental housing. Convenient access to major transportation routes, healthcare services, retail centers, and local employers further strengthens long-term rental demand and future appreciation potential. Rare opportunity to acquire a newly built small multifamily asset with strong income potential in this rapidly growing Tennessee market.
Laundry Features: Electric Dryer Hookup, Washer Hookup
Heating & Cooling
Has Heating
Heating Information: Central, Electric
Has Cooling
Cooling Information: Central Air, Electric
Exterior
Building Information
Construction Materials: Brick
Roof: Shingle
Property Information
Property Type: Residential Income
Attached Property
Above Grade Finished Area: 3,090
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: CC
Lot Information
Lot Size Units: Acres
Lot Size Dimensions: 68X109
Financial
Tax Information
Tax Annual Amount: $5,400
Lease / Rent Details
Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, 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: $49,885
Gross Income: $59,400
Multi-Unit Information
# of Units (Total): 3
Unit Type 1 Information
Unit Type: 2 Bedroom
# of Bathrooms: 3
# of Bedrooms: 2
Unit Type 2 Information
Unit Type: 2 Bedroom
# of Bathrooms: 3
# of Bedrooms: 2
Unit Type 3 Information
Unit Type: 2 Bedroom
# of Bathrooms: 3
# of Bedrooms: 2
School Information
Elementary School: Krisle Elementary
Middle Or Junior High School: Coopertown Middle School
High School: Springfield High School
Location Information
Directions: I-24W towards Clarksville. Exit 35 towards Springfield onto Whites Creek Pike (Hwy 431). Left onto Memorial Blvd. (Hwy. 41). Left onto 10th Ave. Left onto Cheatham St.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 7,412 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Robertson County
APN: 080O A 03600 000
Home facts updated by county records on Aug 3, 2026
Other
Home Information
Living Area: 3090
Living Area Units: Square Feet
Living Area Source: Owner
Building Area Total: 3090
Building Area Units: Square Feet
Building Area Source: Owner
Year Built Details: Existing
Structure Type: Triplex
Levels: Two
Around this home
Schools
Krisle Elementary School
Public PreK-5 • Assigned • 4.0mi
5/10
Coopertown Middle School
Public 6-8 • Assigned • 6.3mi
3/10
Springfield High School
Public 9-12 • Assigned • 1.8mi
3/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 106° expected this year, 20 days in 30 years
3/10 Wind Factor
8% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Springfield, TN • 37172
Average low and high temperatures (°F)
42
24
52
32
68
45
74
53
76
58
86
67
90
72
87
65
84
61
75
51
61
43
50
34
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$562,000 – $680,000
Reach more buyers when you sell with Redfin. Plus, you'll save $5,906 in fees.