Residential Land for Sale in Portland, Tennessee

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 o 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 o 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.