903 N Cumberland St Lebanon, TN 37087
Estimated payment $2,168/month
Total Views
27,685
5
Beds
--
Bath
1,225
Sq Ft
$327
Price per Sq Ft
Highlights
- Popular Property
- Cooling System Mounted To A Wall/Window
- Property has 1 Level
- No HOA
- Central Heating
About This Home
Prime investment property! This property includes two income-producing units: a 1,200 square foot 4-bedroom & 1-bath home with a 450 square foot 1-bedroom & 1-bath guest house. Each unit was renovated in 2023 and features updated finishes, cabinets, stainless steel kitchen appliances that remain. For added privacy and convince, each unit features individual laundry hook ups.
Both are tenant-occupied with year-long leases in place, generating $1,975/month for the main home and $1,025/month for the ADU. Zoned CG (commercial general), this property not only provides stable cash flow but also holds strong long-term potential for development or mixed-use opportunities.
Listing Agent
Sallis Realty Group Brokerage Phone: 6152682165 License #342301 Listed on: 09/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $567
Year Built
- Built in 1948
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 5 Bedrooms
- 1,225 Sq Ft Home
- Property has 1 Level
- Laminate Flooring
Schools
- Sam Houston Elementary School
- Walter J. Baird Middle School
- Lebanon High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating
Community Details
- No Home Owners Association
- 2 Units
- George Summers Prop Subdivision
Listing and Financial Details
- The owner pays for electricity, water
- Rent includes electricity, water
- Assessor Parcel Number 058L G 02100 000
Map
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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 | $432 | $19,600 | $12,500 | $7,100 |
| 2022 | $566 | $19,600 | $12,500 | $7,100 |
| 2021 | $567 | $19,600 | $12,500 | $7,100 |
| 2020 | $2,240 | $19,600 | $12,500 | $7,100 |
| 2019 | $391 | $53,725 | $21,000 | $32,725 |
| 2018 | $942 | $26,850 | $21,000 | $5,850 |
| 2017 | $942 | $26,850 | $21,000 | $5,850 |
| 2016 | $942 | $26,850 | $21,000 | $5,850 |
| 2015 | $974 | $26,850 | $21,000 | $5,850 |
| 2014 | $874 | $24,103 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $399,999 | 0.0% | $327 / Sq Ft |
| 08/11/2023 08/11/23 | Rented | -- | -- | -- |
| 07/21/2023 07/21/23 | For Rent | $1,750 | 0.0% | -- |
| 07/13/2023 07/13/23 | Off Market | $1,750 | -- | -- |
| 07/05/2023 07/05/23 | Price Changed | $1,750 | -2.8% | $1 / Sq Ft |
| 05/15/2023 05/15/23 | For Rent | $1,800 | 0.0% | -- |
| 04/12/2022 04/12/22 | Sold | $200,000 | -9.0% | $163 / Sq Ft |
| 04/05/2022 04/05/22 | Pending | -- | -- | -- |
| 04/04/2022 04/04/22 | For Sale | $219,900 | -- | $180 / Sq Ft |
Source: Realtracs
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | Tennessee Title Services | |
| Warranty Deed | $89,303 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $91,383 | Commercial |
Source: Public Records
About the Listing Agent
As a former high school football coach and special ed teacher, I know the importance of clarity, simplicity and everyone being on the same page. Never is that more true than when it comes to the buying or selling of your home. If you're in the housing market, please call or message me. I'd love to help you find your dream home today!
Kenny's Other Listings
Source: Realtracs
MLS Number: 2985429
APN: 058L-G-021.00
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