Building Details

Year Built 1967

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Realty One Group Music City

Listed By: William (Trey) Sugg Show Phone

Source: Shearonsellsteam

Added: Aug 22 Changed: Oct 3 Last Checked: Oct 5 at 10:31PM

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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 Realty One Group Music City

Investment Insights

Based on property information with market context.

This 1,128-square-foot duplex was built in 1967 and contains two separate one-bedroom, one-bath residences in a single-story layout. One unit is vacant, while the other is occupied by a month-to-month tenant. Appliances convey with the property, and the sale is offered as-is.

The units have individual electric, gas, and water meters, and the property has no HOA. Positioned at 1437 Ann St in Nashville’s East Nashville/Inglewood area, the corner-lot property is near Inglewood Park, neighborhood restaurants, shopping, and the Gallatin Road corridor.

The duplex presents separate residential spaces with an existing tenant arrangement and one available unit. Zoning, permitted uses, rental requirements, and short-term rental eligibility should be independently verified by the buyer and buyer’s agent.

Key Highlights

• 1,128‑square‑foot duplex built in 1967
• Two separate 1‑bedroom, 1‑bath units
• One unit vacant; the other occupied by a month‑to‑month tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,813

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$256,260 $256.3K

Cap Rate 7%

$183,043 $183.0K

Cap Rate 9%

$142,367 $142.4K

Market Conditions

NOI Build-Up for 1,128 SF

Gross rent

$19.6K $17.40/SF

− Vacancy

−$1.3K −$1.17/SF

EGI

$18.3K $16.23/SF

− OpEx

−$5.5K −$4.87/SF

NOI

$12.8K $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%

$256,260

Cap Rate 7%

$183,043

Cap Rate 9%

$142,367

Alternative Uses

Best Use

Multifamily LT 5

$183.0K

$160.2K – $213.6K (±1% cap)

NOI $12,813 @ 7.0% cap · market cap 3.66%

Second Best

Apartment 5plus

$168.0K

$147.0K – $196.0K (±1% cap)

NOI $11,758 @ 7.0% cap · market cap 3.36%

Theoretical Best

Office A

$287.2K

$251.3K – $335.0K (±1% cap)

NOI $20,101 @ 7.0% cap · market cap 5.74%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Electrical Service HVAC Service Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Single-tenant

Tenancy

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

396

Businesses Nearby

Explore this area Business Placement

Demographics for 37216, TN

18,191

Population

9,574

Households

1.9

Avg Household Size

36

Median Age

57%

College-Educated

96%

High-School Grad

6.7 sq mi

ZIP Area

2,715

Density / Sq Mi

$82,134

Median Household Income

$54,407

Median Earnings

$1,507

Median Rent

$404,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Duplex - Electric, gas, and water are separately metered for each unit.

Where is this duplex located?

The property is located at 1437 Ann St Nashville, TN.

What is the asking price?

The asking price for this property is $349,900.

What are key features of this property?

This property features: 1,128‑square‑foot duplex built in 1967; Two separate 1‑bedroom, 1‑bath units; One unit vacant; the other occupied by a month‑to‑month tenant