Active

Price cut: $5K (1/29)

$250,000

702 Richard St, Springfield, TN 37172

4beds

--baths

1,218sqft

Est.:

Multi Family

Built in 1947

-- sqft lot

$-- Zestimate^®

$205/sqft

$-- HOA

What's special

Separate entrancesBrand new roofAll appliances includedBonus space

Great investment opportunity in Springfield! This well-maintained duplex, with a brand new roof, offers two 1 bed / 1 bath units, each with a bonus space and all appliances included, including washer and dryer. Both units are currently occupied, providing immediate income. One unit rents for $900/month and is leased until Oct 2026 while the other side rents for $700/month on a month-to-month lease. Separate entrances and dedicated parking for each side. Tenants pay for all utilities. With one of the lowest entry prices for a duplex in Middle TN, this property is an excellent addition to an investor portfolio or a strong first-time rental purchase. Property is zoned Commercial. Close to local conveniences and minutes from downtown Springfield. PLEASE DO NOT DISTURB TENANTS. Call listing agent, Eric Alvarez (615)447-8013 for more information or to schedule an appointment. Listing agent has personal interest as part owner.

73 days

424

13

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4

Heating

Central, Electric

Cooling

Central Air, Electric

Appliances

Laundry: Individual

Features

Flooring: Carpet, Laminate

Interior area

Total structure area: 1,218
Total interior livable area: 1,218 sqft
Finished area above ground: 1,218

Property

Parking

Total spaces: 5
Parking features: Detached
Garage spaces: 1
Uncovered spaces: 4

Features

Levels: One
Stories: 1

Lot

Size: 7,350 Square Feet
Dimensions: 50 x 147

Details

Parcel number: 080J E 00400 000
Zoning: Commercial
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Stucco

Condition

New construction: No
Year built: 1947

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Available, Water Available

Community & HOA

HOA

Has HOA: No

Location

Region: Springfield

Financial & listing details

Price per square foot: $205/sqft
Tax assessed value: $149,000
Annual tax amount: $1,493
Date on market: 11/26/2025
Inclusions: Appliances
Total actual rent: 1600
Tenant pays: Electricity, Water
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
1/29/2026	Price change	$250,000-2%$205/sqft
Source: RealTracs MLS as distributed by MLS GRID #3050902 Report a problem
11/26/2025	Listed for sale	$255,000+54.5%$209/sqft
Source: RealTracs MLS as distributed by MLS GRID #3050902 Report a problem
8/10/2021	Sold	$165,000+3.1%$135/sqft
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem
7/27/2021	Pending sale	$160,000$131/sqft
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem
7/18/2021	Listed for sale	$160,000+276.5%$131/sqft
Source: RealTracs MLS as distributed by MLS GRID #2268925 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,493	$59,600
2023	$1,493 +49.2%	$59,600 +117.2%
2022	$1,001 +41.6%	$27,440

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$1,383/mo

Principal & interest

$1187

Property taxes

$108

Home insurance

$88

Climate risks

Neighborhood: 37172

Nearby schools

GreatSchools rating

4/10
Cheatham Park Elementary School
Grades: 3-5Distance: 0.3 mi
8/10
Innovation Academy of Robertson County
Grades: 6-10Distance: 0.3 mi
NA
Westside Elementary School
Grades: K-2Distance: 0.8 mi

Schools provided by the listing agent

Elementary: Cheatham Park Elementary
Middle: Springfield Middle
High: Springfield High School

Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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