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638 S Broad Street, 
Lexington, TN 38351

$350,000


4

Beds


2

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Debbie Mays

7 Lakes Realty Inc.

731-967-7412

Last updated:

November 9, 2026, 03:48 PM

MLS#

2605148

Source:

TN CWTAR

Source MLS Verified

About This Home

638 S Broad Street

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.

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1962

Subdivision & Development:

None

Price Summary

350,000

MLS #:

2605148

Last Updated:

November 9, 2026, 03:48 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

1


Structure

Structure

Year Built:

1962


Lot

Lot Size (Sq. Ft):

107,593


Finances & Disclosures

Finances

Price:

$350,000

Source:TN CWTAR
The information being provided by Mls Of The Central West Tn Association Of REALTORS® is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Mls Of The Central West Tn Association Of REALTORS® All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.