Two-Duplex Income
For Sale
$625,000
103 Walton Ave, Lafayette, TN 37083
Four-unit residential asset with modern construction, city utilities, and existing occupancy across multiple units.
Property Size4,000 SF
Price / SF$156.25
Days on Market64
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Property Features for 103 Walton Ave
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Multi-Family
Occupancy
75%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Additional Details
Asking Price
$625,000
Building Details
Year Built
2021
Buildings
2
Stories
2
Construction
brick/vinyl
Listing Agency:
Dunn Commercial Group
Listed By:
Russell Dunn
(615) 981-3022
Source:
Grayfoxrealty
Added: Aug 13
Changed: Oct 8
Last Checked: Oct 15 at 4:30AM
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 Dunn Commercial Group
Investment Insights
Based on property information with market context.
This residential income property comprises two duplex buildings completed in 2021, with a combined property size of 4,000 square feet. The two-story brick and vinyl buildings contain four units, each offering approximately 1,000 square feet with two bedrooms, one and one-half baths, a living room, eat-in kitchen, and utility area. Appliances include a refrigerator, stove, microwave, and dishwasher. Carpet and vinyl flooring, HVAC systems, and city utilities serve the units.
Three of the four units are occupied by tenants. The properties are located at 103 Walton Ave and 601 Haley St in Lafayette, Tennessee, and are offered together as a residential income asset.
Three of the four units are occupied by tenants. The properties are located at 103 Walton Ave and 601 Haley St in Lafayette, Tennessee, and are offered together as a residential income asset.
Key Highlights
- Two duplex buildings completed in 2021
- Combined property size of 4,000 square feet
- Four total units, each with approximately 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,763
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,260
$1.0M
Cap Rate 7%
$725,186
$725.2K
Cap Rate 9%
$564,033
$564.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$77.8K $19.44/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$72.5K $18.13/SF
− OpEx
−$21.8K −$5.44/SF
NOI
$50.8K $12.69/SF
Area
Macon 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%
$1,015,260
Cap Rate 7%
$725,186
Cap Rate 9%
$564,033
Alternative Uses
Best Use
Multifamily LT 5
$725.2K
$634.5K – $846.1K
NOI $50,763 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$595.6K
$521.2K – $694.9K
NOI $41,694 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,080 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
75%
Occupancy
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
Explore this area
Business Placement
Demographics for 37083, TN
15,786
Population
6,958
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
85%
High-School Grad
147.6 sq mi
ZIP Area
107
Density / Sq Mi
$60,215
Median Household Income
$35,419
Median Earnings
$821
Median Rent
$231,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Four-unit residential asset with modern construction, city utilities, and existing occupancy across multiple units.
Where is this duplex located?
The property is located at 103 Walton Ave Lafayette, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two duplex buildings completed in 2021; Combined property size of 4,000 square feet; Four total units, each with approximately 1,000 square feet
