Four-Unit Residential Income
110 Ten Throw Drive Lebanon, TN 37087
For Sale
$1,499,900
Four-unit residential income property with a new construction home plus two rented duplexes and recent exterior and HVAC updates.
Property Size3,869 SF
Price / SF$387.67
Days on Market353
Property Features for 110 Ten Throw Drive
General Information
Standard status
Active
Size
3,869 SF
Property subtype
Multi-family
Building Details
Year Built
1972
Listing Agency:
BENCHMARK REALTY, LLC
(615) 618-7232
Listed By:
Martin Lovelace
(615) 618-7232
Source:
Benchmarkrealtytn
Added: Aug 11, 2025
Changed: Jul 25
Last Checked: Jul 28 at 10:56PM
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 BENCHMARK REALTY, LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property totals 11 bedrooms and 8.5 bathrooms. The mix includes a 4-bed, 4.5-bath new construction home with an open layout, a main-floor bedroom with a full bath, and three upstairs bedrooms, each with an en-suite bathroom. The package also includes a rented 2-bed/1-bath duplex and a rented 2-bed/1-bath duplex, along with a rented 3-bed/2-bath ranch. Recent improvements include a new metal roof, two new HVAC units, and new parking pads in front of each unit. The new construction home features a rocking chair front porch, a fenced yard, and a large parking pad.
Located in Wilson County, the duplex property is currently rented and tenants are in place—please do not disturb tenants. Private viewings are available only with an accepted offer.
Located in Wilson County, the duplex property is currently rented and tenants are in place—please do not disturb tenants. Private viewings are available only with an accepted offer.
Key Highlights
- Four‑unit residential income property: new construction 4 bed/4.5 bath home plus rented 2‑1 and 2‑1 duplex and a 3 bed/2 bath ranch
- New metal roof and 2 new HVAC units
- New parking pads in front of each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $17.88 |
| − Vacancy | −$4.0k | −$1.04 |
| EGI | $65.2k | $16.84 |
| − OpEx | −$19.5k | −$5.05 |
| NOI | $45.6k | $11.79 |
3,869 SF · lease $17.88/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$651.7K
$570.2K – $760.3K
NOI $45,616 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$605.2K
$529.5K – $706.1K
NOI $42,363 @ 7.0% cap · market cap 2.82%
Theoretical Best
Warehouse
$5.07M
$4.44M – $5.92M
NOI $355,145 @ 7.0% cap · market cap 23.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with a new construction home plus two rented duplexes and recent exterior and HVAC updates.
Where is this quadplex located?
The property is located at 110 Ten Throw Drive Lebanon, TN.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Four‑unit residential income property: new construction 4 bed/4.5 bath home plus rented 2‑1 and 2‑1 duplex and a 3 bed/2 bath ranch; New metal roof and 2 new HVAC units; New parking pads in front of each unit
