Renovated Duplex with Fenced
For Sale
$400,000
211 Archwood Dr, Madison, TN 37115
Two complete units provide separate kitchens, living rooms, bedrooms, and full bathrooms for flexible occupancy or investment use.
Property Size1,770 SF
Days on Market109
Property Features for 211 Archwood Dr
General Information
Standard status
Active
Size
1,770 SF
Property subtype
Residential Income
Zoning
Res
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,527
Amenities
covered front porch
fenced backyard
Building Details
Building Size
1,770 SF
Year Built
1982
Stories
2
Units
2
Listing Agency:
Keller Williams Realty Mt. Juliet
(615) 517-4773
Listed By:
Jesus Pena
(615) 517-4773
Source:
Firstrealty
Added: May 14
Changed: Aug 29
Last Checked: Aug 23 at 8:00AM
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 Keller Williams Realty Mt. Juliet
Investment Insights
Based on property information with market context.
Built in 1982, this 1,770-square-foot duplex contains two complete living units. Each side includes a living room, kitchen, two bedrooms, and one full bathroom, creating a practical layout with separation between residences. Recent improvements include interior paint, updated countertops in both kitchens, fully renovated bathrooms, new siding, new gutters, and a new water heater. The roof is 4 years old.
The property is located at 211 Archwood Dr in Madison, with access to Goodlettsville, downtown Nashville, and Old Hickory Lake. Downtown Nashville is under 20 minutes away, while a covered front porch and fenced backyard add outdoor space to the residential configuration.
The property is located at 211 Archwood Dr in Madison, with access to Goodlettsville, downtown Nashville, and Old Hickory Lake. Downtown Nashville is under 20 minutes away, while a covered front porch and fenced backyard add outdoor space to the residential configuration.
Key Highlights
- Two complete units, each with a living room, kitchen, two bedrooms, and a full bathroom
- 1,770 square feet on a 1982‑built duplex
- Recent updates include interior paint, kitchen countertops, bathrooms, siding, gutters, and water heater
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
$21,344
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
5.34%
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%
$426,880
$426.9K
Cap Rate 7%
$304,914
$304.9K
Cap Rate 9%
$237,156
$237.2K
Market Conditions
NOI Build-Up for 1,770 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
$32.5K $18.36/SF
− Vacancy
−$2.0K −$1.13/SF
EGI
$30.5K $17.23/SF
− OpEx
−$9.1K −$5.17/SF
NOI
$21.3K $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 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%
$426,880
Cap Rate 7%
$304,914
Cap Rate 9%
$237,156
Alternative Uses
Best Use
Multifamily LT 5
$304.9K
$266.8K – $355.7K
NOI $21,344 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$280.9K
$245.8K – $327.7K
NOI $19,661 @ 7.0% cap · market cap 4.92%
Theoretical Best
Warehouse
$2.14M
$1.88M – $2.50M
NOI $150,001 @ 7.0% cap · market cap 37.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
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 - Two complete units provide separate kitchens, living rooms, bedrooms, and full bathrooms for flexible occupancy or investment use.
Where is this duplex located?
The property is located at 211 Archwood Dr Madison, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two complete units, each with a living room, kitchen, two bedrooms, and a full bathroom; 1,770 square feet on a 1982‑built duplex; Recent updates include interior paint, kitchen countertops, bathrooms, siding, gutters, and water heater
