USATNPortland405 College St
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$800,000

Sold

4 months ago

405 College St, Portland, TN

MLS® 3047895

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $3,035
Lot Size 9.08 acres
Approx. Age 
MLS® Number 3047895

Property Address: 405 College St, Portland, TN, 37148-2102

Average square foot calculated using Size range provided by listing agent.

Description

Prime Portland, TN Investment Opportunity — 9+ Acres | Approved for 18 Duplexes | $900, 000 Introducing a rare development opportunity in the heart of Downtown Portland, Tennessee—over 9 level, cleared acres across two combined lots, already approved for an 18-duplex build. At just $50, 000 per lot, this is one of the most competitively priced multifamily development sites in Middle Tennessee. 403 COLLEGE STREET TAX MAP 033A, GROUP A PARCEL PARCEL 005.01 Why Investors & Builders Will Love It • 18-Duplex Build Approved Engineering and concept approval already in place—dramatically reducing your timeline to break ground. • Level & Cleared Land No major clearing costs. The topography is ideal for efficient construction, maximizing your ROI. • Immediate Income Stream The property includes an existing home currently rented for $2, 000/month, providing turnkey income from day one. • Flexible Development Options Keep the rental income while you design your project, or move forward with a full build-out. Note: To achieve the full 18-duplex layout, the existing home will need to be removed or relocated. • Unbeatable Price Point Only $900, 000 total — an exceptional value for a ready-to-develop multifamily site in a booming area. Location Highlights • Situated in downtown Portland, a growing and highly desirable investment market. • Easy access to local employers, schools, shops, and Highway 109. • Strong rental demand in the region, making duplex builds exceptionally profitable. Perfect For: Builders, Investors, 1031 Exchange Buyers, Developers seeking shovel-ready land, Anyone wanting income today and project potential tomorrow.
MLS® Number3047895
Laundry Level
Central VacNo
FireplaceNo
Acreage9.08
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Land and Buildings

Price History

Mar 13, 2026End Date
$760,000Sold Price

Sold

Nov 19, 2025List Date
$800,000List Price
  • Commute

Commute

Starting Address
Destination Address
405 College St, Portland, TN

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