Building Details

Year Built 1967

Listing Agency: Parker Peery Properties

Listed By: Mika Sesler · License #344607 Show Phone

Source: Fiddletreerealty

Added: Aug 30 Changed: Oct 3 Last Checked: Oct 16 at 1:45PM

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Investment Insights

Based on property information with market context.

This duplex contains 1,792 square feet across two separately configured units. Each residence includes 2 bedrooms, 1.5 bathrooms, a 1-car garage, and appliances that remain with the property. Renovated bathrooms, newer windows, HVAC systems, and a newer roof provide substantial updates to the 1967 structure. The right-side unit has fresh paint and new flooring and is vacant, while the left-side unit has had the same tenant for more than 16 years.

The property is located at 108 Villa Cir in Dickson, within walking distance of Kroger, the YMCA, and other local amenities. A concrete driveway and straightforward two-unit layout add practical functionality for ownership and management.

Key Highlights

• 1,792‑square‑foot duplex with two residential units
• Each unit includes 2 bedrooms, 1.5 bathrooms, and a 1‑car garage
• Renovated bathrooms, newer windows, HVAC systems, and roof

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,742

Cap Rate

6.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$454,840 $454.8K

Cap Rate 7%

$324,886 $324.9K

Cap Rate 9%

$252,689 $252.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,792 SF

Gross rent

$34.8K $19.44/SF

− Vacancy

−$2.3K −$1.31/SF

EGI

$32.5K $18.13/SF

− OpEx

−$9.7K −$5.44/SF

NOI

$22.7K $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%

$454,840

Cap Rate 7%

$324,886

Cap Rate 9%

$252,689

Alternative Uses

Best Use

Multifamily LT 5

$324.9K

$284.3K – $379.0K (±1% cap)

NOI $22,742 @ 7.0% cap · market cap 6.50%

Second Best

Apartment 5plus

$266.8K

$233.5K – $311.3K (±1% cap)

NOI $18,679 @ 7.0% cap · market cap 5.34%

Theoretical Best

Office A

$525.3K

$459.7K – $612.9K (±1% cap)

NOI $36,772 @ 7.0% cap · market cap 10.51%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Grocery & Convenience Store Locksmith (Bike/Boat/Book/etc) Store Daycare Center Home Appliance Store

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

Location Intelligence

Trade Area within ½ mile

758

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

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Frequently Asked Questions

What type of property is this?

Duplex - Renovated bathrooms, updated building systems, and a concrete driveway support a low-maintenance rental setup.

Where is this duplex located?

The property is located at 108 Villa Cir Dickson, TN.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,792‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms, 1.5 bathrooms, and a 1‑car garage; Renovated bathrooms, newer windows, HVAC systems, and roof