Two-Unit Duplex Income
For Sale
$399,999
2010 Bartway Dr, Murfreesboro, TN 37130
Duplex with two 2-bedroom, 1-bath units, one currently owner-occupied with month-to-month tenancy.
Property Size2,115 SF
Price / SF$189.12
Days on Market101
Property Features for 2010 Bartway Dr
General Information
Standard status
Active
Size
2,115 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1968
Stories
1
Listing Agency:
Coldwell Banker Southern Realty
Listed By:
Daniel Curtis · License #352218
(931) 607-2329
Source:
Grayfoxrealty
Added: Jul 16
Changed: Oct 11
Last Checked: Oct 7 at 5:45PM
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 Coldwell Banker Southern Realty
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Investment Insights
Based on property information with market context.
This duplex for sale includes two separate 2-bedroom, 1-bath units. Unit 2010 is currently occupied with a month-to-month lease. Unit 2012 is currently rented, and photos reflect the condition of 2012, which is described as more updated than 2010.
The property offers quick access to Rutherford Blvd and Middle Tennessee Blvd, and it is described as having mature trees and a shaded yard. Both sides are configured similarly as 2-bedroom, 1-bath residences.
The seller notes that with updates, each side could support rental income at the current stated levels for unit 2012. The property is presented as a residential income opportunity with an in-place occupancy mix.
The property offers quick access to Rutherford Blvd and Middle Tennessee Blvd, and it is described as having mature trees and a shaded yard. Both sides are configured similarly as 2-bedroom, 1-bath residences.
The seller notes that with updates, each side could support rental income at the current stated levels for unit 2012. The property is presented as a residential income opportunity with an in-place occupancy mix.
Key Highlights
- 1968‑built duplex with two 2‑bedroom, 1‑bath units
- 2010 unit is month‑to‑month occupied at $850/month
- 2012 unit is rented at $1,250/month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,307
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,140
$386.1K
Cap Rate 7%
$275,814
$275.8K
Cap Rate 9%
$214,522
$214.5K
Market Conditions
NOI Build-Up for 2,115 SF
Gross rent
$29.2K $13.80/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$27.6K $13.04/SF
− OpEx
−$8.3K −$3.91/SF
NOI
$19.3K $9.13/SF
Area
Murfreesboro, TN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,140
Cap Rate 7%
$275,814
Cap Rate 9%
$214,522
Alternative Uses
Best Use
Multifamily LT 5
$275.8K
$241.3K – $321.8K
NOI $19,307 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$248.2K
$217.2K – $289.5K
NOI $17,372 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,324 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
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Business Placement
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, one currently owner-occupied with month-to-month tenancy.
Where is this duplex located?
The property is located at 2010 Bartway Dr Murfreesboro, TN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 1968‑built duplex with two 2‑bedroom, 1‑bath units; 2010 unit is month‑to‑month occupied at $850/month; 2012 unit is rented at $1,250/month
