Duplex with Central
For Sale
$359,900
1004 Rachels Square Dr, Hermitage, TN 37076
Income-producing residential property with central HVAC and a 1985 construction date.
Property Size2,000 SF
Price / SF$179.95
Days on Market59
Property Features for 1004 Rachels Square Dr
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Residentia
Net Operating Income
$23,800
Taxes and HOA fees
Annual Taxes
$3,137
Amenities
Central Air
Central
Building Details
Building Size
2,000 SF
Year Built
1985
Stories
2
Listing Agency:
Robinson Properties Realty & Const.
Listed By:
Bill Robinson · License #16203
(615) 642-4444
Source:
Evrealestate
Added: Aug 10
Changed: Sep 28
Last Checked: Oct 7 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robinson Properties Realty & Const.
Investment Insights
Based on property information with market context.
This duplex property contains approximately 2,000 square feet and was built in 1985. Interior features include central air conditioning and central heating, providing climate control for the residential units. The property is identified with residential zoning.
The asset is located at 1004 Rachels Square Dr in Hermitage, Davidson County. Directional information places the property near Old Hickory Boulevard, Andrew Jackson Drive, and Interstate 40, with Rachel's Square identified as the immediate subdivision setting.
The asset is located at 1004 Rachels Square Dr in Hermitage, Davidson County. Directional information places the property near Old Hickory Boulevard, Andrew Jackson Drive, and Interstate 40, with Rachel's Square identified as the immediate subdivision setting.
Key Highlights
- Duplex property totaling 2,000 square feet
- Built in 1985
- Central air conditioning and central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,118
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,360
$482.4K
Cap Rate 7%
$344,543
$344.5K
Cap Rate 9%
$267,978
$268.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.7K $18.36/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$34.5K $17.23/SF
− OpEx
−$10.3K −$5.17/SF
NOI
$24.1K $12.06/SF
Area
Davidson County, TN
Vacancy
6.17%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,360
Cap Rate 7%
$344,543
Cap Rate 9%
$267,978
Alternative Uses
Best Use
Multifamily LT 5
$344.5K
$301.5K – $402.0K
NOI $24,118 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 6.17%
Theoretical Best
Warehouse
$2.42M
$2.12M – $2.82M
NOI $169,492 @ 7.0% cap · market cap 47.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with central HVAC and a 1985 construction date.
Where is this duplex located?
The property is located at 1004 Rachels Square Dr Hermitage, TN.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Duplex property totaling 2,000 square feet; Built in 1985; Central air conditioning and central heating
