Building Details

Year Built 1981

Listing Agency: Parker Peery Properties

Listed By: Steven Haley · License #RTC4728 Show Phone

Source: Shearonsellsteam

Added: Jul 20 Changed: Oct 13 Last Checked: Oct 7 at 5:33PM

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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 Parker Peery Properties

Investment Insights

Based on property information with market context.

This duplex contains two townhome-style units within a 2,048-square-foot property built in 1981. Each residence includes two bedrooms, one full bath, one half bath, appliances, and washer and dryer hookups. Separate water, electric, and gas meters serve the units, with tenants responsible for those utilities.

The property is located at 101 Hill Rd in Dickson, near downtown, shopping, and hospitals. Its location provides access to commuting routes in multiple directions. Showings require an appointment, and visitors should not approach the tenants or property without prior scheduling.

Key Highlights

• Two townhome‑style units, each with 2 bedrooms and 1 1/2 baths
• 2,048‑square‑foot duplex built in 1981
• Separate water, electric, and gas meters for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,991

Cap Rate

8.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$519,820 $519.8K

Cap Rate 7%

$371,300 $371.3K

Cap Rate 9%

$288,789 $288.8K

Market Conditions

NOI Build-Up for 2,048 SF

Gross rent

$39.8K $19.44/SF

− Vacancy

−$2.7K −$1.31/SF

EGI

$37.1K $18.13/SF

− OpEx

−$11.1K −$5.44/SF

NOI

$26.0K $12.69/SF

Area

Dickson County, TN

Vacancy

6.74%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$519,820

Cap Rate 7%

$371,300

Cap Rate 9%

$288,789

Alternative Uses

Best Use

Multifamily LT 5

$371.3K

$324.9K – $433.2K (±1% cap)

NOI $25,991 @ 7.0% cap · market cap 8.39%

Second Best

Apartment 5plus

$305.0K

$266.8K – $355.8K (±1% cap)

NOI $21,347 @ 7.0% cap · market cap 6.89%

Theoretical Best

Office A

$600.4K

$525.3K – $700.4K (±1% cap)

NOI $42,025 @ 7.0% cap · market cap 13.56%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Locksmith (Bike/Boat/Book/etc) Store Daycare Center Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

301

Businesses Nearby

Explore this area Business Placement

Demographics for 37055, TN

29,319

Population

12,160

Households

2.4

Avg Household Size

40

Median Age

20%

College-Educated

91%

High-School Grad

201.7 sq mi

ZIP Area

145

Density / Sq Mi

$69,283

Median Household Income

$41,808

Median Earnings

$1,034

Median Rent

$258,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer separate utility meters, appliances, and laundry hookups for tenant use.

Where is this duplex located?

The property is located at 101 Hill Rd Dickson, TN.

What is the asking price?

The asking price for this property is $309,900.

What are key features of this property?

This property features: Two townhome‑style units, each with 2 bedrooms and 1 1/2 baths; 2,048‑square‑foot duplex built in 1981; Separate water, electric, and gas meters for each unit