Duplex with Central
For Sale
$412,900
208 Rayon Dr, Old Hickory, TN 37138
A gravel driveway and parking area serve the property.
Property Size1,243 SF
Price / SF$332.18
Days on Market8
Property Features for 208 Rayon Dr
General Information
Standard status
Active
Size
1,243 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
Duplex
Net Operating Income
$33,600
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,983
Amenities
Sidewalks
Central Air
Central
Driveway, Gravel, Parking Lot
Building Details
Building Size
1,243 SF
Year Built
1930
Stories
1
Listed By:
Wendy Dyes
(615) 715-0913
Source:
Evrealestate
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 3:57PM
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 Wendy Dyes
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Investment Insights
Based on property information with market context.
This duplex, built in 1930, measures 1,243 square feet and has central air. A gravel driveway and parking area provide on-site vehicle access. The property is zoned Duplex and is located at 208 Rayon Dr in Old Hickory, Tennessee.
Key Highlights
- 1,243‑square‑foot duplex
- Built in 1930
- Central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,989
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,780
$299.8K
Cap Rate 7%
$214,129
$214.1K
Cap Rate 9%
$166,544
$166.5K
Market Conditions
NOI Build-Up for 1,243 SF
Gross rent
$22.8K $18.36/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$21.4K $17.23/SF
− OpEx
−$6.4K −$5.17/SF
NOI
$15.0K $12.06/SF
Area
Davidson County, TN
Vacancy
6.17%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,780
Cap Rate 7%
$214,129
Cap Rate 9%
$166,544
Alternative Uses
Best Use
Multifamily LT 5
$214.1K
$187.4K – $249.8K
NOI $14,989 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$197.2K
$172.6K – $230.1K
NOI $13,807 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$1.50M
$1.32M – $1.76M
NOI $105,339 @ 7.0% cap · market cap 25.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 37138, TN
23,631
Population
9,905
Households
2.4
Avg Household Size
43
Median Age
40%
College-Educated
94%
High-School Grad
17.9 sq mi
ZIP Area
1,320
Density / Sq Mi
$87,450
Median Household Income
$54,738
Median Earnings
$1,427
Median Rent
$347,500
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 - A gravel driveway and parking area serve the property.
Where is this duplex located?
The property is located at 208 Rayon Dr Old Hickory, TN.
What is the asking price?
The asking price for this property is $412,900.
What are key features of this property?
This property features: 1,243‑square‑foot duplex; Built in 1930; Central air
