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Listed by John York | The Locals Group • LPT Realty LLC
$ 900,000
Est. payment | /mo
9.08 Acres Lot
$ 900,000
Est. payment | /mo
9.08 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3047895
HOA Y/N No
Annual Tax Amount $3,035
Lot Size 9.080 Acres
Acres 9.08
Property 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.
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.
Location
State TN
County Sumner County
Zoning R 7.5
Interior
Fireplace N
Exterior
View Y/N false
Private Pool false
Building
Lot Description Cleared, Level
Schools
Elementary Schools Portland Gateview Elementary School
Middle Schools Portland West Middle School
High Schools Portland High School
Others
Senior Community false
Special Listing Condition Standard
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