Two-Unit Duplex
For Sale
$799,900
1507 Clifton Ln, Nashville, TN 37215
R10-zoned property near Belmont Blvd, offered in its current condition.
Property Size2,125 SF
Days on Market31
Property Features for 1507 Clifton Ln
General Information
Standard status
Active
Size
2,125 SF
Property subtype
Residential Income
Zoning
R10
Taxes and HOA fees
Annual Taxes
$7,598
Building Details
Building Size
2,125 SF
Year Built
1983
Stories
2
Units
2
Listing Agency:
Compass
(615) 714-7183
Listed By:
Mary Beth Thomas
(615) 714-7183
Source:
Spotlightproperties
Added: Jul 30
Changed: Aug 29
Last Checked: Aug 29 at 6:32PM
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 Compass
Investment Insights
Based on property information with market context.
This duplex property at 1507 Clifton Ln in Nashville occupies a 0.41-acre lot and was built in 1983. The parcel measures approximately 70 feet wide by 249 feet deep, providing a clearly defined residential site for evaluation within the R10 zoning designation.
The property is situated just off Belmont Blvd in the 37215 area. It is being offered in as-is condition, with buyers responsible for confirming pertinent property information and suitability for their intended plans.
The property is situated just off Belmont Blvd in the 37215 area. It is being offered in as-is condition, with buyers responsible for confirming pertinent property information and suitability for their intended plans.
Key Highlights
- Duplex property built in 1983
- 0.41‑acre parcel measuring 70' x 249'
- R10 zoning designation
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
$24,138
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
3.02%
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%
$482,760
$482.8K
Cap Rate 7%
$344,829
$344.8K
Cap Rate 9%
$268,200
$268.2K
Market Conditions
NOI Build-Up for 2,125 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
$37.0K $17.40/SF
− Vacancy
−$2.5K −$1.17/SF
EGI
$34.5K $16.23/SF
− OpEx
−$10.3K −$4.87/SF
NOI
$24.1K $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%
$482,760
Cap Rate 7%
$344,829
Cap Rate 9%
$268,200
Alternative Uses
Best Use
Multifamily LT 5
$344.8K
$301.7K – $402.3K
NOI $24,138 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$316.4K
$276.9K – $369.2K
NOI $22,150 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$541.0K
$473.4K – $631.1K
NOI $37,868 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 37215, TN
23,756
Population
11,281
Households
2.1
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
15.3 sq mi
ZIP Area
1,553
Density / Sq Mi
$151,156
Median Household Income
$82,757
Median Earnings
$1,870
Median Rent
$959,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R10-zoned property near Belmont Blvd, offered in its current condition.
Where is this duplex located?
The property is located at 1507 Clifton Ln Nashville, TN.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Duplex property built in 1983; 0.41‑acre parcel measuring 70' x 249'; R10 zoning designation
