Renovated Two-Unit
New
For Sale
$530,000
1009 Harpeth Valley Ct, Nashville, TN 37221
Each residence offers three bedrooms, one-and-a-half bathrooms, and updated kitchens with stainless steel appliances.
Property Size3,168 SF
Price / SF$167.30
Days on Market4
Property Features for 1009 Harpeth Valley Ct
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Buildings
1
Listing Agency:
simpliHOM
Listed By:
Romany Gayed 6153979106 · License #365468
(615) 397-9106
Source:
Smokymountainshomefinder
Added: Oct 4
Changed: Oct 7
Last Checked: Oct 7 at 2:32PM
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 simpliHOM
Investment Insights
Based on property information with market context.
This 3,168-square-foot duplex contains two residences, each configured with three bedrooms and one-and-a-half bathrooms. Renovations include refreshed flooring and paint, updated kitchens with stainless steel appliances, remodeled bathrooms, and modern lighting. The property was built in 1972.
Metro has confirmed the building as a legal two-family dwelling, permitting its existing two-family use to continue under current zoning. The property is minutes from I-40, shopping, dining, parks, and downtown Nashville.
Metro has confirmed the building as a legal two-family dwelling, permitting its existing two-family use to continue under current zoning. The property is minutes from I-40, shopping, dining, parks, and downtown Nashville.
Key Highlights
- 3,168‑square‑foot duplex with two residences
- Each unit has 3 bedrooms and 1.5 bathrooms
- Metro‑confirmed legal two‑family dwelling; existing use may continue under current zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,986
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,720
$719.7K
Cap Rate 7%
$514,086
$514.1K
Cap Rate 9%
$399,844
$399.8K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$55.1K $17.40/SF
− Vacancy
−$3.7K −$1.17/SF
EGI
$51.4K $16.23/SF
− OpEx
−$15.4K −$4.87/SF
NOI
$36.0K $11.36/SF
Area
ZIP 37221
Vacancy
6.74%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$719,720
Cap Rate 7%
$514,086
Cap Rate 9%
$399,844
Alternative Uses
Best Use
Multifamily LT 5
$514.1K
$449.8K – $599.8K
NOI $35,986 @ 7.0% cap · market cap 6.79%
Second Best
Apartment 5plus
$471.7K
$412.8K – $550.4K
NOI $33,021 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,511 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 37221, TN
42,312
Population
20,323
Households
2.1
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
49.3 sq mi
ZIP Area
858
Density / Sq Mi
$99,083
Median Household Income
$58,191
Median Earnings
$1,778
Median Rent
$432,900
Median Home Value
Check the figures for this property
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 - Each residence offers three bedrooms, one-and-a-half bathrooms, and updated kitchens with stainless steel appliances.
Where is this duplex located?
The property is located at 1009 Harpeth Valley Ct Nashville, TN.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 3,168‑square‑foot duplex with two residences; Each unit has 3 bedrooms and 1.5 bathrooms; Metro‑confirmed legal two‑family dwelling; existing use may continue under current zoning
