One-Level Duplex With Separate
New
For Sale
$349,900
102 West Hills Terrace, Dickson, TN 37055
Fully occupied duplex with individually metered utilities, private laundry for each unit, and on-site parking.
Property Size1,807 SF
Price / SF$193.64
Days on Market6
Property Features for 102 West Hills Terrace
General Information
Standard status
Active
Size
1,807 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Residentia
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1-2BR/1BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$1,300
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$1,415
Amenities
individual laundry
Building Details
Building Size
1,807 SF
Year Built
1960
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Parker Peery Properties
(615) 405-0659
Listed By:
Missy Chandler · License #267253
(615) 405-0659
Source:
Spotlightproperties
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 10 at 12:21PM
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 one-level duplex contains two approximately 900-square-foot units within 1,807+/- total square feet, according to the tax record. Unit A offers two bedrooms and one bath, while Unit B is configured as one to two bedrooms and one bath. Each residence includes a stove, refrigerator, and individual laundry area. The property also features a new commercial roof dated 2026 per the seller, updated wood siding with wrapped metal/vinyl siding, and a sewer line extending to the road.
Located at 102 West Hills Terrace in Dickson, the property is near Luther Lake, historic downtown Dickson, the hospital, shopping, groceries, schools, gyms, and churches. Both units are fully rented, with tenants paying their own electricity and gas through individual meters. The seller pays water and trash pickup through the water bill. Plenty of parking and a yard complete the property.
Located at 102 West Hills Terrace in Dickson, the property is near Luther Lake, historic downtown Dickson, the hospital, shopping, groceries, schools, gyms, and churches. Both units are fully rented, with tenants paying their own electricity and gas through individual meters. The seller pays water and trash pickup through the water bill. Plenty of parking and a yard complete the property.
Key Highlights
- Two‑unit duplex with approximately 1,807+/- total square feet
- Unit A: 2 bedrooms, 1 bath, approximately 900 square feet
- Unit B: 1‑2 bedrooms, 1 bath, approximately 900 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,932
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,640
$458.6K
Cap Rate 7%
$327,600
$327.6K
Cap Rate 9%
$254,800
$254.8K
Market Conditions
NOI Build-Up for 1,807 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.1K $19.44/SF
− Vacancy
−$2.4K −$1.31/SF
EGI
$32.8K $18.13/SF
− OpEx
−$9.8K −$5.44/SF
NOI
$22.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$458,640
Cap Rate 7%
$327,600
Cap Rate 9%
$254,800
Alternative Uses
Best Use
Multifamily LT 5
$327.6K
$286.7K – $382.2K
NOI $22,932 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$269.1K
$235.4K – $313.9K
NOI $18,835 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,080 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
678
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with individually metered utilities, private laundry for each unit, and on-site parking.
Where is this duplex located?
The property is located at 102 West Hills Terrace Dickson, TN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,807+/- total square feet; Unit A: 2 bedrooms, 1 bath, approximately 900 square feet; Unit B: 1‑2 bedrooms, 1 bath, approximately 900 square feet
