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451 Aerospace Way & 1274 Murfreesboro Pike Nashville, TN 37217

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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

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Listing Contact
Carter Boone

Listing agent Carter Boone License #TN #362849

Listing office

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

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Big Box & Wholesale Store Nail Salon Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Nashville
County
Davidson
State
Tennessee
Longitude
-86.7449148
Latitude
36.1426793

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
More about this property
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