620 Franklin Rd Lebanon, TN 37087
Estimated payment $2,022/month
Highlights
- City View
- 2 Car Attached Garage
- Central Heating and Cooling System
- No HOA
- Tile Flooring
- Property has 1 Level
About This Home
SHORT SALE SUBJECT TO LENDER APPROVAL UPDATED 10/21/25 Investor Opportunity in Lebanon — 620 Franklin Rd. offers 1,995 sq. ft. of updated living space on a .71-acre lot with highly sought-after RD-9 Medium Density Residential zoning. This flexible classification allows for single-family, two-family (duplex), or semi-detached dwellings, with the possibility for multi-family or townhomes when an overlay is applied ?. The lot exceeds the minimum 9,000 sq. ft. requirement for the first unit, providing options for redevelopment or future expansion. Current improvements include an all-brick 3-bedroom, 2-bath ranch with major updates completed in the last five years—PEX plumbing, new roof (2 yrs), HVAC ( yrs), two hot water heaters ( yrs), fully remodeled kitchen with quartz countertops, and renovated baths. Rental-ready features like durable wood/tile flooring, gas heat, and dual hot water heaters make this property an easy hold for immediate income while pursuing redevelopment. The site also includes a large RV-sized carport with RV plug and two outbuildings for storage or additional utility. Strategically located minutes from I-40, shopping, and dining, this property delivers both immediate rental cash flow and long-term upside through duplex or medium-density development. Whether you’re looking to expand your rental portfolio or unlock the full potential of RD-9 zoning, 620 Franklin Rd. offers a unique opportunity in a fast-growing Middle Tennessee market. Disclaimer: Seller is still in the process of moving personal property out. Pictures are renderings of what the home will look like once fully cleaned out.
Listing Agent
RE/MAX Choice Properties Brokerage Phone: 6154762953 License #299535 Listed on: 08/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,274
Year Built
- Built in 1969
Parking
- 2 Car Attached Garage
- 2 Open Parking Spaces
- 2 Carport Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 4 Bedrooms
- 1,985 Sq Ft Home
- Property has 1 Level
- City Views
Flooring
- Laminate
- Tile
Schools
- Byars Dowdy Elementary School
- Winfree Bryant Middle School
- Lebanon High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- The owner pays for electricity
- Rent includes electricity
- Assessor Parcel Number 081 01000 000
Community Details
Overview
- No Home Owners Association
- Rd9 Subdivision
Building Details
- Operating Expense $10,000
- Gross Income $24,000
- Net Operating Income $14,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,735 | $78,625 | $20,875 | $57,750 |
| 2022 | $2,211 | $76,475 | $20,875 | $55,600 |
| 2021 | $2,211 | $76,475 | $20,875 | $55,600 |
| 2020 | $1,592 | $76,475 | $20,875 | $55,600 |
| 2019 | $363 | $42,350 | $8,575 | $33,775 |
| 2018 | $1,486 | $42,350 | $8,575 | $33,775 |
| 2017 | $1,486 | $42,350 | $8,575 | $33,775 |
| 2016 | $1,486 | $42,350 | $8,575 | $33,775 |
| 2015 | $1,536 | $42,350 | $8,575 | $33,775 |
| 2014 | $1,313 | $36,201 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2025 10/24/25 | Price Changed | $350,000 | -5.1% | $176 / Sq Ft |
| 09/22/2025 09/22/25 | Price Changed | $369,000 | -2.6% | $186 / Sq Ft |
| 08/22/2025 08/22/25 | For Sale | $379,000 | +5.3% | $191 / Sq Ft |
| 02/16/2023 02/16/23 | For Sale | $360,000 | -- | $181 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Foundation Title | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $344,352 | New Conventional |
Source: Realtracs
MLS Number: 2979692
APN: 081-010.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
- 410 Franklin Rd
- 200 Castlewood Ln
- 118 Castlewood Ln
- 400 Castlewood Ln
- 115 Ten Throw Dr
- 114 Hankins Dr
- 722 Castle Heights Ave
- 1106 Somerset Dr
- Kimberly Plan at The Crossings at Barton Village
- 150 Barton Village Blvd
- 158 Barton Village Blvd
- 154 Barton Village Blvd
- 721 Kent Dr
- 120 Holloway Dr
- 719 Kent Dr
- 148 Barton Village Blvd
- 146 Barton Village Blvd
- 717 Kent Dr
- 715 Fields Ln
- 418 Seneca St
- 100 Aviation Way
- 131 Quita Cir Unit B
- 145 Lawrence Way
- 420 Seneca St
- 108 Maple View Dr
- 115 High Park Cir
- 127 High Park Cir
- 100 Carlton Ave
- 100 Bartons Run Trace
- 180 Maybrook Dr
- 439 Hobbs Ave Unit 2
- 117 Cedarwood Dr
- 136 Maybrook Dr
- 221 River Rock Dr
- 260 Burkentine Ave
- 517 Melrose St
- 521 Melrose St
- 2180 Leeville Pike
- 211 E Adams Ave
- 2000 Hartmann Plantation Ct