638 S Broad Street, Lexington, TN 38351
Local realty services provided by:CENTURY 21 Golden Service Realty & Auction, Inc.
638 S Broad Street,Lexington, TN 38351
$350,000
- 4 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: debbie mays
Office: 7 lakes realty inc.
MLS#:2605148
Source:TN_CWTAR
Price summary
- Price:$350,000
About this home
Exceptional Multi-Residential Investment Opportunity in Lexington, TN!
If you have been looking for an investment property with multiple income-producing possibilities, this unique property deserves your attention! Conveniently located along a main highway in Lexington, Tennessee, with easy access to city amenities, this property offers three separate residences situated on approximately 2.47 acres. Currently, two of the homes are tenant-occupied, providing existing rental income. The third and primary home offers incredible flexibility and potential for a variety of uses, making this an especially appealing opportunity for investors, entrepreneurs, or anyone looking to combine their home and business in one location. The main home features 4 bedrooms, 2 kitchens, a garage, and an additional storage area that could potentially be converted into a small apartment. Previously used as a craft shop and nail salon, this home has also served as a duplex and single-family residence. With some creativity and renovation, it could potentially be converted back into a duplex, creating the possibility of four rental units on one property! Another option would be to operate your business on one side while enjoying the convenience of living on the other. The two additional homes are currently rented and occupied. One offers 4 bedrooms and 1 bath with central heating and air, while the other features 2 bedrooms and 1 bath. Both homes would benefit from some TLC and updating, offering an investor the opportunity to make improvements and potentially increase rental income. The property also features a nice, spacious backyard adjoining the main home, along with a large tract of vacant land toward the rear of the property. This additional acreage provides even more possibilities, including the potential for additional rental units.
With approximately 2.47 acres, three existing residences, established rental occupancy, and numerous opportunities for expansion and redevelopment, this property offers a rare combination of location, versatility, and investment potential. Whether you envision expanding your rental portfolio, creating multiple income streams, developing additional living spaces, or establishing your business while living on-site, the possibilities are plentiful!
Contact Debbie Mays today to schedule your private showing and explore all this property has to offer!
Appointments are required to view the tenant-occupied rental homes....
Contact an agent
Home facts
- Year built:1962
- Subdivision & Development:None
- Listing ID #:2605148
- Added:1 day(s) ago
- Updated:November 04, 2026 at 12:38 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Rooms Total:10
- Flooring:Laminate, Vinyl
- Kitchen Description:Electric Cooktop, Refrigerator
- Bedroom Description:On Level 1
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Floor Furnace, Heating
Structure and exterior
- Roof:Shingle
- Year built:1962
- Lot area:2.47 Acres
- Foundation Description:Block
- Levels:One and One Half
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$350,000
- Tax amount:$1,059
Features and amenities
- Appliances:Electric Cooktop, Refrigerator
- Laundry features:Main Level
Parking
- Total parking spaces:1
- Parking description:Attached Garage, Garage Faces Front, Open, Workshop in Garage
- Garage:Yes
- Garage spaces:1
New listings near 638 S Broad Street
- New
$450,000Active6 beds 3 baths730 Pine Ridge Road, Lexington, TN 38351
MLS# 2605152Listed by: PHILLIPS REALTY GROUP - New
$99,999Active0 Acres51 Pond Point Cove, Lexington, TN 38351
MLS# 2605120Listed by: EXIT REALTY BLUES CITY - New
$199,900Active3 beds 1 baths1,242 sq. ft.103 Cannon Dr, Lexington, TN 38351
MLS# 3629599Listed by: EVANS REAL ESTATE - New
$350,000Active3 beds 2 baths553 Pope Road, Lexington, TN 38351
MLS# 2605088Listed by: 7 LAKES REALTY INC.
$169,900Pending2 beds 1 baths341 Thomas Road, Lexington, TN 38351
MLS# 2605076Listed by: HALTOM REAL ESTATE GROUP- New
$284,900Active3 beds 2 baths2,231 sq. ft.376 Sunset Drive, Lexington, TN 38351
MLS# 2605059Listed by: RE/MAX UNLIMITED - New
$269,900Active3 beds 2 baths1,838 sq. ft.110 Circle Dr, Lexington, TN 38351
MLS# 3627863Listed by: RE/MAX UNLIMITED - New
$319,900Active4 beds 2 baths2,100 sq. ft.7196 Highway 22a, Lexington, TN 38351
MLS# 3627094Listed by: RE/MAX UNLIMITED
$347,900Active3 beds 2 baths2,284 sq. ft.468 Libby's Circle, Lexington, TN 38351
MLS# 2604713Listed by: RE/MAX UNLIMITED