You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Mixed-use properties

118 Main St Springfield, TN 37172

8,548 SF 0.69 ac lot Built 1973
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a meticulously maintained eight-unit mixed-use property situated at 118 N Main Street in the heart of historic Springfield, Tennessee. The property encompasses a substantial 8,548 square feet on a 0.69-acre lot. The portfolio comprises six two-bedroom, one-and-a-half-bathroom townhomes and two two-bedroom, two-bathroom flats. Each unit is individually deeded, offering flexibility for future division or individual sales, should the owner desire. Recent upgrades include new flooring and paint throughout all units, ensuring a move-in ready condition for current tenants. Kitchen appliances are included in each unit. The property boasts a roof approximately eight years old, demonstrating responsible maintenance. The current high occupancy rate of 100% is further enhanced by long-term tenants who express a desire to remain. This property benefits from its prime location within a revitalizing area, with new developments and planned upgrades to nearby buildings promising continued growth and appreciation. This is a rare opportunity to acquire a well-maintained, high-performing multi-unit property in a desirable historic setting. The asking price is $1,695,000.

Property profile
Verified
Property type Mixed-use properties
Year built 1973
Total area 8,548 SF
Lot 0.69 ac (30,056 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NxtLvl Culture Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 118 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message