One-Story Duplex on Corner
For Sale
$349,900
1437 Ann St, Nashville, TN 37216
Electric, gas, and water are separately metered for each unit.
Property Size1,128 SF
Price / SF$310.20
Days on Market14
Property Features for 1437 Ann St
General Information
Standard status
Active
Size
1,128 SF
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1967
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Realty One Group Music City
(615) 895-8000
Listed By:
William (Trey) Sugg 6159431644
Source:
Viewknoxvillehomesforsale
Added: Aug 16
Changed: Aug 28
Last Checked: Aug 29 at 10:36AM
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.
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 = 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
$12,813
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
3.66%
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%
$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
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
$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 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%
$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
NOI $12,813 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$168.0K
$147.0K – $196.0K
NOI $11,758 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$287.2K
$251.3K – $335.0K
NOI $20,101 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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
