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Sold on 03/05/2026
  • Exterior
  • Other
  • Bedroom
  • Living
  • Kitchen
  • Bath

702 Richard St, Springfield, TN 37172

$229,000

Last sold 03/05/2026 after 98 Days

  • —

    bed

  • —

    bath

  • 1,218

    Sqft ($188/Sqft)

Multi-family not for sale
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About 702 Richard St

Property type Multi-family
Year built 1947
HOA fee $0/month
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
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, for more information or to schedule an appointment. Listing agent has personal interest as part owner.
Listed by
Listing Agent - Eric Alvarez
Listing Office - RE/MAX Choice Properties
Source: RealTracs mls logo
MLS#3050902 • last updated 6 months ago
Movoto checked RealTracs for data 5 minutes ago
Overview
Levels/Style Duplex, One, 1
Type Residential Income
MLS # 3050902
Living Area 1218, Square Feet
Property Tax $ 1493
Year Built 1947, Existing
Interior
Laundry Individual
Exterior
Construction Stucco
# Open Parking Spaces 4
# Covered Spaces 1
Parking Desc Detached
# Parking Spaces 5
# Garage Spaces 1
Amenities / Utilities
Water Source Public
Sewer/ Septic Public Sewer
Location
Subdivision N/a
Elementary School Cheatham Park Elementary
High School Springfield High School
Middle School Springfield Middle
Directions From Downtown Springfield: Travelling North On S. Main St, Left On 7th Ave, Left On Richard St, Property Is On The Left.
Zoning Commercial
APN 080J E 400 0
Multifamily Details
Owner Pays None
Rent Includes None
# of Units Total 2
Net Operating Income 17700
Total Actual Rent 1600
Operating Expense 1500
Annual Gross Income 19200
$218K
Range: $202K-$233K
Last 30 days 
Rental est.: $1,326/month
Gross rent multiplier: 14.4
  • Apr 2026
    mls logo MLS # 3050902
  • Apr 7, 2026 Sold
    $229,000 (-8.4%)
  • Mar 6, 2026 Pending
    —
  • Jan 29, 2026 Price Change
    $250,000 (-2.0%)
  • Nov 26, 2025 Listed
    $255,000 (+54.5%)
  • Aug 2021
    mls logo MLS # 2268925
  • Aug 20, 2021 Sold
    $165,000 (+3.1%)
  • Jul 27, 2021 Pending
    —
  • Jul 2, 2021 Listed
    $160,000
  • 702 Richard St
    $229K
  • —
  • 37172
    $398K 0% y/y
  • Springfield
    $398K -1% y/y
No chart available
Statistics calculated by Movoto

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N/A
Westside Elementary School
public Grades K-2
Robertson County School District
3/10
Springfield High School
public Grades 9-12
Robertson County School District
Source: GreatSchools.org © 2026. All rights reserved.

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