702 Richard St
ActiveSpringfield, TN 37172
$250,000.00
About This Property
Great investment opportunity in Springfield! This well-maintained duplex, with a brand new roof, offers two 1 bed / 1 bath units, each with a bonus space and all appliances included, including washer and dryer. Both units are currently occupied, providing immediate income. One unit rents for $900/month and is leased until Oct 2026 while the other side rents for $700/month on a month-to-month lease. Separate entrances and dedicated parking for each side. Tenants pay for all utilities. With one of the lowest entry prices for a duplex in Middle TN, this property is an excellent addition to an investor portfolio or a strong first-time rental purchase. Property is zoned Commercial. Close to local conveniences and minutes from downtown Springfield. PLEASE DO NOT DISTURB TENANTS. Call listing agent, Eric Alvarez (615)447-8013 for more information or to schedule an appointment. Listing agent has personal interest as part owner.
Location
Interior Features
Exterior & Property
Schools
Property Details
MLS Information
Based on information submitted to the MLS GRID as of 2026-02-10T05:36:09+00:00. 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.
Market Insights
Explore market data for Springfield and the n/a neighborhood
Springfield Market
City-wide statistics
n/a
Neighborhood statistics
Price History
Recent price changes for this property
Property History
Timeline of listing events and status changes
Currently Listed
MLS# 3050902Currently active listing
2 months ago • Nov 26, 2025
76 days on market
$250,000.00
Originally: $255,000.00
Sold
MLS# 2268925Property sold and closed
4 years ago • Aug 10, 2021
6 days on market
$160,000.00
Sold: $165,000.00