$369,000 - 620 Franklin Rd, Lebanon

Investor Opportunity in Lebanon — 620 Franklin Rd. offers 1,995 sq. ft. of updated living space on a .71-acre lot with highly sought-after RD-9 Medium Density Residential zoning. This flexible classification allows for single-family, two-family (duplex), or semi-detached dwellings, with the possibility for multi-family or townhomes when an overlay is applied ?. The lot exceeds the minimum 9,000 sq. ft. requirement for the first unit, providing options for redevelopment or future expansion. Current improvements include an all-brick 3-bedroom, 2-bath ranch with major updates completed in the last five years—PEX plumbing, new roof (2 yrs), HVAC (<5 yrs), two hot water heaters (<3 yrs), fully remodeled kitchen with quartz countertops, and renovated baths. Rental-ready features like durable wood/tile flooring, gas heat, and dual hot water heaters make this property an easy hold for immediate income while pursuing redevelopment. The site also includes a large RV-sized carport with RV plug and two outbuildings for storage or additional utility. Strategically located minutes from I-40, shopping, and dining, this property delivers both immediate rental cash flow and long-term upside through duplex or medium-density development. Whether you’re looking to expand your rental portfolio or unlock the full potential of RD-9 zoning, 620 Franklin Rd. offers a unique opportunity in a fast-growing Middle Tennessee market. Disclaimer: Seller is still in the process of moving personal property out. Pictures are renderings of what the home will look like once fully cleaned out.