Two-Unit
For Sale
$1,600,000
116 D N 9th St, Nashville, TN 37206
Owner-occupancy and separate leasing options create flexibility for residential use and income generation.
Property Size5,000 SF
Price / SF$320
Days on Market84
Property Features for 116 D N 9th St
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
East Nashville
Highway Access
Yes
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Bonnie McNichols · License #RTC34432
(615) 335-6594
Source:
Shearonsellsteam
Added: Aug 2
Changed: Oct 3
Last Checked: Oct 7 at 5:20PM
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 Compass
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Investment Insights
Based on property information with market context.
This two-unit duplex at 116 N 9th St in Nashville offers a flexible residential configuration for an owner occupant, house-hacking arrangement, or income-producing use. The property size is listed as 5,000 square feet, and the layout supports living in one unit while leasing the other.
Leases of 30 days or longer are available without requiring a short-term rental permit from the city. The property is positioned minutes from the Oracle campus, Nissan Stadium, downtown Nashville, area restaurants, and interstate access, placing major employment, entertainment, dining, and transportation destinations within convenient reach.
Leases of 30 days or longer are available without requiring a short-term rental permit from the city. The property is positioned minutes from the Oracle campus, Nissan Stadium, downtown Nashville, area restaurants, and interstate access, placing major employment, entertainment, dining, and transportation destinations within convenient reach.
Key Highlights
- Two‑unit duplex configuration
- 5,000‑square‑foot property size
- Owner can occupy one unit while leasing the other
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,795
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,135,900
$1.1M
Cap Rate 7%
$811,357
$811.4K
Cap Rate 9%
$631,056
$631.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$87.0K $17.40/SF
− Vacancy
−$5.9K −$1.17/SF
EGI
$81.1K $16.23/SF
− OpEx
−$24.3K −$4.87/SF
NOI
$56.8K $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%
$1,135,900
Cap Rate 7%
$811,357
Cap Rate 9%
$631,056
Alternative Uses
Best Use
Multifamily LT 5
$811.4K
$709.9K – $946.6K
NOI $56,795 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$744.5K
$651.5K – $868.6K
NOI $52,117 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Owner-occupancy and separate leasing options create flexibility for residential use and income generation.
Where is this duplex located?
The property is located at 116 D N 9th St Nashville, TN.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; 5,000‑square‑foot property size; Owner can occupy one unit while leasing the other
