405 College St, Portland, TN 37148

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.