PUBLIC AUCTION on Oct 30 @ 1:00pm - 8 "R-2" Rental Units - Selling as a Whole.
Outstanding past income-producing property package featuring 8 total rental units — including one triplex and five single-family homes — all selling together as one investment! Zoned R-2 High Density Residential, this versatile property allows permitted uses such as Multifamily, Townhouse, Two-Family Residential, and more — making it ideal for redevelopment or continued rental use.
Property Highlights:
• .59 +/- acre w/ 310 ± ft of frontage on Maryland Street
• All utilities available
• Less than 1 mile to the Downtown Lebanon Square
• Only 3 miles to I-40 — easy commuter access
• Great potential for future development, expansion, or cash flow
This is a rare opportunity to acquire an established rental portfolio in a high-growth area close to downtown, schools, shopping, and major highways.
Don’t miss this rare opportunity ONLY at Auction!
TERMS: 10% down day of sale, balance due in 30 days. 10% Buyer’s Premium added to bid to determine final sale price.
TAXES: Prorated POSSESSION: With Deed
Property Features
Cooling Information
Electric
Gas
Wall/Window Unit(s)
Utilities
Electricity Available
Natural Gas Available
Water Available
Heating Information
Natural Gas
Water Features
Public
Basement
None
School Information
School Information for 602 Maryland St 602, Lebanon, TN 37087
Elementary School
Coles Ferry Elementary
Middle School
Walter J. Baird Middle School
High School
Lebanon High School
Listing Courtesy: Parks Auction & Realty - 615-896-4600
Based on information submitted to the MLS GRID as of 2025-10-20 10:45:42 . 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.
Last Updated: 2025-10-20 10:45:42
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Market statistics compiled from data from RealTracs.