Tremendous opportunity in this value add property. All units have been recently renovated, rented well below market rates. Opportunity to convert onside office into an additional 1 bedroom unit. Laundry facility could be utilized for additional income. Lebanon, TN is one of the fastest growing cities in the United States. Assumable 3.37% loan. 17 One Bedroom Units(office conversion would make 18); 10 Two Bedroom Units
CloseDaily local analysis
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
This property is offered at $107 per square foot, compared with a $199 median for active listings without a reported bedroom count in Lebanon. Its asking price falls near the 82nd percentile of that active group. The comparison uses 256 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 5 days, while the current cohort averages 77 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $283,495, and the median is $179 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 112 Eastland Ave | Aug 13, 2026 | 2 bd · 1,026 sqft | $255,000 | 0.1 mi |
| 722 Cole Ave | Aug 18, 2026 | 3 bd · 1,421 sqft | $282,000 | 0.2 mi |
| 712 N Cumberland St | May 29, 2026 | — | $1,100,000 | 0.2 mi |
| 129 Cecil Rd | Aug 18, 2026 | 3 bd · 1,422 sqft | $255,000 | 0.3 mi |
| 213 Catherine Ln | Aug 4, 2026 | 3 bd · 1,422 sqft | $245,000 | 0.3 mi |
| 806 Dahlia Dr | Jun 16, 2026 | 3 bd · 1,370 sqft | $315,000 | 0.3 mi |
| 145 Rosebush Lane | Sep 5, 2026 | 4 bd · 1,853 sqft | $305,000 | 0.4 mi |
| 147 Rosebush Lane | Aug 10, 2026 | 3 bd · 1,863 sqft | $284,990 | 0.4 mi |
MLS timeline
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
Location reference points
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
Continue comparing
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Lebanon homes for sale · See the Lebanon market report