451 Aerospace Way & 1274 Murfreesboro Pike Nashville, TN 37217
42-unit multifamily property with value-add opportunity near downtown Nashville.
Type:Multifamily
- Added:
- Apr 1, 2026
- Days on Market:
- 23
- Last Refresh:
- Apr 1 at 11:52 am
Property Features for 451 Aerospace Way & 1274 Murfreesboro Pike
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing agent Carter Boone License #TN #362849
Listing office (828) 230-7043
Listing date Apr 1, 2026
Source Franklinst
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 Carter Boone
Overview
Multifamily Conversion with Upside Potential
This 42-unit multifamily conversion, formerly a motel, has been successfully repositioned into multifamily housing. It offers operational stability with upside potential. The property is located within 15 minutes of downtown Nashville, providing access to major business districts, cultural landmarks, and entertainment venues. It is also close to retail and dining corridors, including Murfreesboro Pike and Harding Place, with options like Kroger, Walmart, and local restaurants. Conveniently located near Nashville International Airport (BNA), just 3 miles away, it offers convenient travel access and growing infrastructure. Quick access to I-40, I-24, and I-840 provides excellent regional connectivity for commuters and logistics. The property is surrounded by major employers, including FedEx, Amazon, Asurion, and Bridgestone Americas facilities. Recent capital improvements have modernized the infrastructure and building systems, including kitchenettes added to 15 units, reducing near-term capital needs. The flexible unit mix is ideal for workforce housing or short-term/extended stay strategies, depending on operator goals.
Location Intelligence
Current Use by Public Records
Johnson Jr Gibson ...
Dental Office
In-Tune Pediatrics
Pediatrician
Alto Nashville
Apartment Complex
Harris Andrew B ...
Dental Office
Dr. Cheryl Coggins, ...
Dental Office
Location Insight
- Map
- Local Demand
- City
- Nashville
- County
- Davidson
- State
- Tennessee
- Longitude
- -86.7449148
- Latitude
- 36.1426793
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 42-unit multifamily property with value-add opportunity near downtown Nashville.
Where is this apartment building located?
The property is located at 451 Aerospace Way & 1274 Murfreesboro Pike Nashville, TN.
What are key features of this property?
This property features: Strong In‑Place Returns: Generating a **6.3% Cap Rate** on Current Income; Value‑Add Opportunity: Interior Upgrades and Amenity Enhancements Can Further Boost Rents and NOI; Within 15 Minutes of Downtown Nashville – Access to Major Business Districts, Cultural Landmarks, and Entertainment Venues
