Duplex with House-Hack
For Sale
$1,500,000
116D N 9th St, Nashville, TN 37206
Duplex property with two units and the ability to lease for 30+ days without a short-term rental permit.
Property Size5,000 SF
Price / SF$300
Days on Market98
Property Features for 116D 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
Listing Agency:
Compass
Listed By:
Bonnie Mcnichols · License #RTC34432
(615) 335-6594
Source:
Thehuffakergroup
Added: Jul 19
Changed: Oct 19
Last Checked: Oct 23 at 3:48AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex offers two separate units, designed for buyers who want flexibility between owner-occupancy and generating rental income. The property also provides the ability to lease for 30+ days without requiring a short-term rental permit from the city.
Located at 116D N 9th St in Nashville, the home is described as being in a convenient, fast-growing East Nashville area, with access to downtown and easy interstate access. The public remarks also cite proximity to the new Oracle campus, the new Nissan Stadium, and nearby restaurants.
With multiple options for how the units can be occupied, this is a for-sale residential income property suited for buyers looking to structure their use of the space in more than one way.
Located at 116D N 9th St in Nashville, the home is described as being in a convenient, fast-growing East Nashville area, with access to downtown and easy interstate access. The public remarks also cite proximity to the new Oracle campus, the new Nissan Stadium, and nearby restaurants.
With multiple options for how the units can be occupied, this is a for-sale residential income property suited for buyers looking to structure their use of the space in more than one way.
Key Highlights
- Duplex built in 2022 with two units
- Ability to lease for 30+ days without requiring a short‑term rental permit from the city
- Flexibility for primary residence, house hack, or income‑producing investment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,795
Cap Rate
3.79%
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 3.79%
Second Best
Apartment 5plus
$744.5K
$651.5K – $868.6K
NOI $52,117 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex property with two units and the ability to lease for 30+ days without a short-term rental permit.
Where is this duplex located?
The property is located at 116D N 9th St Nashville, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Duplex built in 2022 with two units; Ability to lease for 30+ days without requiring a short‑term rental permit from the city; Flexibility for primary residence, house hack, or income‑producing investment
