Updated Duplex with Detached
For Sale
$429,000
1102 Hiwassee Dr, Columbia, TN 38401
Two residential units provide shared access to a detached garage and have received updates on both sides.
Property Size2,304 SF
Price / SF$186.20
Days on Market85
Property Features for 1102 Hiwassee Dr
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Listing Agency:
McEwen Group
Listed By:
Nathan McBroom
(931) 698-7163
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Oct 6
Last Checked: Oct 7 at 1:26PM
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 McEwen Group
Investment Insights
Based on property information with market context.
Located at 1102 Hiwassee Dr in Columbia, this duplex contains 2,304 square feet across two residential units. Both sides have undergone numerous updates, and the property includes a detached garage with access available to each tenant.
Built in 1965, the property is positioned in an established neighborhood. The layout may support an owner-occupant arrangement with one unit used as a residence and the other offered for rent, as described in the property information.
Built in 1965, the property is positioned in an established neighborhood. The layout may support an owner-occupant arrangement with one unit used as a residence and the other offered for rent, as described in the property information.
Key Highlights
- 2,304‑square‑foot duplex at 1102 Hiwassee Dr, Columbia, TN 38401
- Both units have received numerous updates
- Detached garage provides access for both tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,513
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,260
$450.3K
Cap Rate 7%
$321,614
$321.6K
Cap Rate 9%
$250,144
$250.1K
Market Conditions
NOI Build-Up for 2,304 SF
Gross rent
$32.6K $14.16/SF
− Vacancy
−$463 −$0.20/SF
EGI
$32.2K $13.96/SF
− OpEx
−$9.6K −$4.19/SF
NOI
$22.5K $9.77/SF
Area
Maury County, TN
Vacancy
1.42%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,260
Cap Rate 7%
$321,614
Cap Rate 9%
$250,144
Alternative Uses
Best Use
Multifamily LT 5
$321.6K
$281.4K – $375.2K
NOI $22,513 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$280.3K
$245.3K – $327.0K
NOI $19,622 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$675.4K
$591.0K – $788.0K
NOI $47,278 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide shared access to a detached garage and have received updates on both sides.
Where is this duplex located?
The property is located at 1102 Hiwassee Dr Columbia, TN.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 2,304‑square‑foot duplex at 1102 Hiwassee Dr, Columbia, TN 38401; Both units have received numerous updates; Detached garage provides access for both tenants
