1505 Old Hwy 46, Bon Aqua, TN 37025

Building Details

Year Built 1974 More

Listing Agency: Realty Executives Hometown Living

Listed By: Kayla Carter Williams Show Phone

Source: Northnashvillehomes4sale

Added: Oct 4 Changed: Nov 8 Last Checked: Nov 8 at 7:23AM

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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 Executives Hometown Living

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Investment Insights

Based on property information with market context.

This duplex offers two separate living areas, each with its own entrance, kitchen, and laundry room. The 3,135-square-foot property includes a 1,776-square-foot heated and cooled basement with a garage, fireplace, and plumbing connections for a potential bathroom. Kitchen appliances convey. The living areas feature open layouts, dining space, fireplaces, and bedrooms; one side also includes a flexible nook suited to reading, library, or office use.

The property spans 4.5 acres and has approximately 1,171 feet of road frontage: 280 feet on Abiff Road and 891 feet on Old Hwy 46 S. The address is less than 30 minutes from Nashville.

Key Highlights

• Two separate living areas, each with its own entrance and laundry room
• 4.5 acres with approximately 1,171 feet of road frontage
• 1,776‑square‑foot heated and cooled basement with garage, fireplace, and plumbing hookups

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,786

Cap Rate

6.92%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,720 $795.7K

Cap Rate 7%

$568,371 $568.4K

Cap Rate 9%

$442,067 $442.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,135 SF

Gross rent

$60.9K $19.44/SF

− Vacancy

−$4.1K −$1.31/SF

EGI

$56.8K $18.13/SF

− OpEx

−$17.1K −$5.44/SF

NOI

$39.8K $12.69/SF

Area

Hickman County, TN

Vacancy

6.74%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$795,720

Cap Rate 7%

$568,371

Cap Rate 9%

$442,067

Alternative Uses

Best Use

Multifamily LT 5

$568.4K

$497.3K – $663.1K (±1% cap)

NOI $39,786 @ 7.0% cap · market cap 6.92%

Second Best

Apartment 5plus

$521.7K

$456.5K – $608.7K (±1% cap)

NOI $36,522 @ 7.0% cap · market cap 6.35%

Theoretical Best

Office A

$808.7K

$707.6K – $943.5K (±1% cap)

NOI $56,611 @ 7.0% cap · market cap 9.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

Explore this area Business Placement

Demographics for 37025, TN

6,779

Population

2,848

Households

2.4

Avg Household Size

41

Median Age

23%

College-Educated

87%

High-School Grad

63.9 sq mi

ZIP Area

106

Density / Sq Mi

$80,462

Median Household Income

$39,530

Median Earnings

$880

Median Rent

$249,500

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two distinct living areas provide separate entrances and laundry rooms, with kitchens and appliances included on both sides.

Where is this duplex located?

The property is located at 1505 Old Hwy 46 Bon Aqua, TN.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Two separate living areas, each with its own entrance and laundry room; 4.5 acres with approximately 1,171 feet of road frontage; 1,776‑square‑foot heated and cooled basement with garage, fireplace, and plumbing hookups