Duplex with Rental
For Sale
$464,900
1115 Campbell St, Nashville, TN 37206
Two-unit residential property with one occupied side and a separate vacant unit for flexible use.
Property Size1,449 SF
Price / SF$320.84
Days on Market88
Property Features for 1115 Campbell St
General Information
Standard status
Active
Size
1,449 SF
Property subtype
Multi-Family
Occupancy
50%
Building Details
Year Built
1984
Listing Agency:
Synergy Realty Network, LLC
Listed By:
Tyler C. King
(615) 371-2424
Source:
Dreamdoorstn
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 5:02PM
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 Synergy Realty Network, LLC
Investment Insights
Based on property information with market context.
Built in 1984, this 1,449-square-foot duplex at 1115 Campbell St includes two residential units. One side is occupied under a month-to-month lease, while the other unit is currently vacant and was previously leased. The property is being sold as-is.
The Nashville address places the duplex near downtown, East Nashville restaurants and entertainment, and major interstates. The surrounding area includes ongoing revitalization and new construction. The lot is described as having potential for division into two parcels, subject to applicable approvals and requirements.
The Nashville address places the duplex near downtown, East Nashville restaurants and entertainment, and major interstates. The surrounding area includes ongoing revitalization and new construction. The lot is described as having potential for division into two parcels, subject to applicable approvals and requirements.
Key Highlights
- 1,449‑square‑foot duplex built in 1984
- One unit leased month‑to‑month; the second unit is vacant
- Vacant side was previously leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,459
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,180
$329.2K
Cap Rate 7%
$235,129
$235.1K
Cap Rate 9%
$182,878
$182.9K
Market Conditions
NOI Build-Up for 1,449 SF
Gross rent
$25.2K $17.40/SF
− Vacancy
−$1.7K −$1.17/SF
EGI
$23.5K $16.23/SF
− OpEx
−$7.1K −$4.87/SF
NOI
$16.5K $11.36/SF
Area
Nashville, TN
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%
$329,180
Cap Rate 7%
$235,129
Cap Rate 9%
$182,878
Alternative Uses
Best Use
Multifamily LT 5
$235.1K
$205.7K – $274.3K
NOI $16,459 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$215.8K
$188.8K – $251.7K
NOI $15,103 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$368.9K
$322.8K – $430.4K
NOI $25,821 @ 7.0% cap · market cap 5.55%
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
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 37206, TN
27,792
Population
14,323
Households
1.9
Avg Household Size
34
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
3,563
Density / Sq Mi
$88,605
Median Household Income
$58,213
Median Earnings
$1,564
Median Rent
$529,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with one occupied side and a separate vacant unit for flexible use.
Where is this duplex located?
The property is located at 1115 Campbell St Nashville, TN.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 1,449‑square‑foot duplex built in 1984; One unit leased month‑to‑month; the second unit is vacant; Vacant side was previously leased
