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405 Locust St, Springfield, TN 37172
About this home
Very will maintained 8 unit apartment building Investment! Downtown Historic District of Springfield, walkable to many shops and restaurants. 2 bedroom / 1 bath units each with their own utility meters and mechanical equipment. 17 parking spaces. ******* Current rents are below market with considerable upside potential**********

Redfin Estimate
Market trends in 37172, TN
Last updated August 2026
Buyer's Market
Seller's Market
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Provided by Redfin
Sale history for 405 Locust St
$118/sq ft
$129/sq ft
$18/sq ft
Tax history for 405 Locust St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Covered Spaces: 0
- Parking Total: 0
- Parking Features: Asphalt
Interior
- Heating & Cooling
- Has Heating
- Heating Information: Natural Gas
- Has Cooling
- Cooling Information: Electric
- Interior Features
- Flooring: Carpet, Vinyl
- Multi-Family Financial Information
- Net Operating Income: $53,742
- Gross Income: $71,230
- Multi-Unit Information
- # of Units (Total): 8
- Unit Type 1 Information
- Unit Type: Unit 1
- # of Bathrooms: 1
- # of Bedrooms: 2
- Unit Type 2 Information
- Unit Type: Unit 2
- # of Bathrooms: 1
- # of Bedrooms: 2
- Unit Type 3 Information
- Unit Type: Unit 3
- # of Bathrooms: 1
- # of Bedrooms: 2
- Unit Type 4 Information
- Unit Type: Unit 4
- # of Bathrooms: 1
- # of Bedrooms: 2
Exterior
- Building Information
- Construction Materials: Brick
- Roof: Asphalt
- Property Information
- Property Type: Residential Income
- Attached Property
- Above Grade Finished Area: 8,508
- Above Grade Finished Area Units: Square Feet
- Above Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Below Grade Finished Area Source: Assessor
- Zoning: Res
- Lot Information
- Lot Size Area: 0.41
- Lot Size Units: Acres
- Lot Size Acres: 0.41
- Lot Size Dimensions: 106MX163.5 IRR
- Lot Size Source: Calculated from Plat
Financial
- Tax Information
- Tax Annual Amount: $4,331
Utilities
- Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Utilities: Electricity Available, Natural Gas Available, Water Available
Location
- School Information
- Elementary School: Cheatham Park Elementary
- Middle Or Junior High School: Springfield Middle
- High School: Springfield High School
- Location Information
- Directions: From Memorial Blvd. turn left on to 5th Avenue then right on Locust Street
Public facts
- Beds: —
- Baths: 8.0
- Sq. Ft.: 8,504
- Stories: 2.0
- Lot Size: 0.4 acres
- Style: Multi-Family (5+ Unit)
- Year Built: 1920
- Year Renovated: 2005
- County: Robertson County
- APN: 080G D 03800 000
Other
- Home Information
- Living Area: 8508
- Living Area Units: Square Feet
- Living Area Source: Assessor
- Building Area Total: 8508
- Building Area Units: Square Feet
- Building Area Source: Assessor
- Year Built Details: EXIST
- Structure Type: Multi Family
- Levels: Two
Around this home
Schools
Public 3-5 • Assigned • 0.1mi
Public 6-8 • Assigned • 6.6mi
Public 9-12 • Assigned • 1.6mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk 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
8% chance of strong winds in next 30 years
0 unhealthy days expected this year, 1 days in 30 years
Sun exposure
In this area, properties receive around 9.5 hours in June and 4.1 hours in December, placing it below the U.S. average for solar exposure.
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Home values near 405 Locust St
| Address | Redfin Estimate |
|---|---|
- Beds | 1 Baths | 1360 Sq. Ft. | $277,315 |
3 Beds | 1.5 Baths | 2200 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
- Beds | 4 Baths | 1966 Sq. Ft. | — |
3 Beds | 2 Baths | 1621 Sq. Ft. | $340,454 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1434 Sq. Ft. | $308,132 |
- Beds | 1 Baths | 999 Sq. Ft. | $252,967 |
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