MLS# RTC2778174 – 316 Hobbs Ave, Lebanon, TN 37087

$209,000 - 2Br/1Ba - for Sale in Cartmell & Styles, Lebanon

Price: $209,000

Beds: 2

Baths: 1

Living Area SqFt: 832

Status: Active

Property Type: Single Family Residence

Lot Size Acres: 0.42

Lot Size SqFt: 18,295

Year Built: 1943

Neighborhood: Cartmell & Styles

Days on Website: 59

Courtesy of Castle Heights Realty.

Property Description

This property inside the infill overlay presents an excellent investment opportunity! With the potential for high density multifamily or up to 5 units + 1 ADU on a 0.42-acre lot, it’s located in a highly desirable area close to Cumberland University, the Historic Town Square, shopping, dining, and more. (All measurements are approx recommend survey.) The existing single-family home has been generating rental income ($850/month) until November. It’s already connected to all city utilities. Great opportunity for a college rental or more! More details for infill overlay will be attached.

Property Details and Features

Appliances & Equipment
Description: “Built-In Electric Oven”, “Electric Range”

Basement
Description: “Crawl Space”

Bathrooms
Full Bathrooms: 1
Half Bathrooms: 0

Bedrooms
Total Bathrooms: 2
Main Level Bedrooms: 2

Building
Finished Area Above Grade: 832
Area: 832
Building Area: 832
Construction Materials: “Asbestos”
Levels: “One”
Stories: 1
Year Built: 1943
Year Built Details: EXIST

Cooling
Details: “Central Air”

Floors
Flooring: “Laminate”

Garage
Garage Spaces: 0

Heating
Heating: “Central”

Listing
Days on Market: 39
Listing Price: 209000
Status: Active

Location
Address: 316 Hobbs Ave
City: Lebanon
State: TN
Zip: 37087
County: Wilson County, TN
Subdivision: Cartmell & Styles
Directions: I-40 to Lebanon, Exit Hwy 231 and Go North, Turn Left on Leeville Pike, Turn Left on South Maple, Turn Right on Hobbs Blue house on Left

Lot
Acres: 0.42
Size: 0.42
Dimensions: 153.4 X 256.1 IRR
Size Source: Calculated from Plat
Size Units: Acres

Parking
Covered Spaces: 0
Parking Total: 0

Schools
Elementary: Byars Dowdy Elementary
Middle/Junior High: Winfree Bryant Middle School
High School: Lebanon High School

Utilities
Sewer: “Public Sewer”
Water Source: “Public”
Utilities: “Water Available”

Property Map

$209,000 – 316 Hobbs Ave, Lebanon, TN 37087

Street View

Nearby Schools

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Based on information submitted to the MLS GRID as of March 14, 2025 15:34. 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.