Three-Unit Multifamily
For Sale
$750,000
1038 44th Ave N, Nashville, TN 37209
Triplex property positioned within Nashville’s Nations neighborhood.
Property Size2,095 SF
Price / SF$357
Days on Market76
Property Features for 1038 44th Ave N
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1967
Listing Agency:
Robin Realty Company, LLC
Listed By:
Charles M Robin
(615) 242-1122
Source:
Fiddletreerealty
Added: Aug 2
Changed: Oct 7
Last Checked: Oct 16 at 11:32AM
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 Robin Realty Company, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit multifamily property was built in 1967 and is located in Nashville’s Nations neighborhood. The offering includes a 2,095 property-size designation and is identified as a triplex. The address is 1038 44th Ave, N, Nashville, TN 37209.
Key Highlights
- Three‑unit multifamily configuration
- Located in Nashville’s Nations neighborhood
- Built in 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,797
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,940
$475.9K
Cap Rate 7%
$339,957
$340.0K
Cap Rate 9%
$264,411
$264.4K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$36.5K $17.40/SF
− Vacancy
−$2.5K −$1.17/SF
EGI
$34.0K $16.23/SF
− OpEx
−$10.2K −$4.87/SF
NOI
$23.8K $11.36/SF
Area
ZIP 37209
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%
$475,940
Cap Rate 7%
$339,957
Cap Rate 9%
$264,411
Alternative Uses
Best Use
Multifamily LT 5
$340.0K
$297.5K – $396.6K
NOI $23,797 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,837 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$540.4K
$472.9K – $630.5K
NOI $37,831 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 37209, TN
40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Triplex property positioned within Nashville’s Nations neighborhood.
Where is this triplex located?
The property is located at 1038 44th Ave N Nashville, TN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑unit multifamily configuration; Located in Nashville’s Nations neighborhood; Built in 1967
