405 College St

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.