Two-Bedroom Residential Income
New
For Sale
$362,000
120 W End Pl, Nashville, TN 37205
First-floor residential unit with hardwood floors, fireplace, covered parking, pool access, and new HVAC.
Property Size1,124 SF
Price / SF$322.06
Days on Market3
Property Features for 120 W End Pl
General Information
Standard status
Active
Size
1,124 SF
Property subtype
Manufactured On Land
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,847
Amenities
pool
covered parking
fireplace
storage closet
Building Details
Building Size
1,124 SF
Year Built
1986
Tenancy
Single
Listing Agency:
Onward Real Estate
Listed By:
Sherry Reynolds · License #311448
(615) 424-6871
Source:
Davidhatef
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 2 at 5:33PM
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 Onward Real Estate
Investment Insights
Based on property information with market context.
This first-floor residential income unit offers 1,124 square feet with two bedrooms and two bathrooms. The layout includes separate living and dining areas, hardwood floors, private bedrooms and baths, and a fireplace. Recent improvements include fresh paint, new flooring, and a new HVAC system. Additional features include covered parking and a patio storage closet.
The property is located at 120 W End Pl in Nashville, near West End Ave and the greenway. Vanderbilt and the interstate are described as minutes away, and the property is within the Historic Richland neighborhood. The unit is currently rented to Vanderbilt students, and the current renter wishes to remain. Built in 1986, it also includes access to a pool.
The property is located at 120 W End Pl in Nashville, near West End Ave and the greenway. Vanderbilt and the interstate are described as minutes away, and the property is within the Historic Richland neighborhood. The unit is currently rented to Vanderbilt students, and the current renter wishes to remain. Built in 1986, it also includes access to a pool.
Key Highlights
- 1,124‑square‑foot first‑floor residential income unit
- Two bedrooms and two bathrooms with separate living and dining areas
- Currently rented to Vanderbilt students; current renter wishes to stay
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,716
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,320
$234.3K
Cap Rate 7%
$167,371
$167.4K
Cap Rate 9%
$130,178
$130.2K
Market Conditions
NOI Build-Up for 1,124 SF
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.
Gross rent
$22.9K $20.40/SF
− Vacancy
−$1.6K −$1.45/SF
EGI
$21.3K $18.95/SF
− OpEx
−$9.6K −$8.53/SF
NOI
$11.7K $10.42/SF
Area
Nashville, TN
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$234,320
Cap Rate 7%
$167,371
Cap Rate 9%
$130,178
Alternative Uses
Best Use
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$286.1K
$250.4K – $333.8K
NOI $20,030 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 37205, TN
24,551
Population
12,612
Households
1.9
Avg Household Size
45
Median Age
77%
College-Educated
98%
High-School Grad
14.3 sq mi
ZIP Area
1,717
Density / Sq Mi
$133,068
Median Household Income
$71,273
Median Earnings
$1,819
Median Rent
$890,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor residential unit with hardwood floors, fireplace, covered parking, pool access, and new HVAC.
Where is this residential income property located?
The property is located at 120 W End Pl Nashville, TN.
What is the asking price?
The asking price for this property is $362,000.
What are key features of this property?
This property features: 1,124‑square‑foot first‑floor residential income unit; Two bedrooms and two bathrooms with separate living and dining areas; Currently rented to Vanderbilt students; current renter wishes to stay
