Two-Unit
For Sale
$345,000
211 Reeves Street, Dickson, TN 37055
Both residences offer two bedrooms, one-and-a-half baths, and washer and dryer hookups.
Property Size2,110 SF
Price / SF$163.51
Days on Market64
Property Features for 211 Reeves Street
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
washer and dryer hookups
decks
Building Details
Year Built
1995
Listed By:
Carrie Cooper
(731) 514-0013
Source:
Benchmarkrealtytn
Added: Aug 26
Changed: Oct 27
Last Checked: Oct 26 at 4:32PM
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 Carrie Cooper
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Investment Insights
Based on property information with market context.
Built in 1995, this duplex contains 2,110 square feet of total living space across two residences. Each unit includes two bedrooms, one-and-a-half bathrooms, and washer and dryer hookups. The property is being offered as is, with one side occupied by a long-term tenant and the other currently vacant.
Recent property updates include HVAC equipment installed for both units approximately 2 years ago, decks added to each residence, and a roof that is less than 10 years old. The property is located at 211 Reeves Street near the shops, restaurants, and amenities of Downtown Dickson.
Recent property updates include HVAC equipment installed for both units approximately 2 years ago, decks added to each residence, and a roof that is less than 10 years old. The property is located at 211 Reeves Street near the shops, restaurants, and amenities of Downtown Dickson.
Key Highlights
- Two‑unit duplex with 2,110 square feet of total living space
- Each unit has 2 bedrooms, 1.5 bathrooms, and washer and dryer hookups
- Unit A is occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,778
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,560
$535.6K
Cap Rate 7%
$382,543
$382.5K
Cap Rate 9%
$297,533
$297.5K
Market Conditions
NOI Build-Up for 2,110 SF
Gross rent
$41.0K $19.44/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$38.3K $18.13/SF
− OpEx
−$11.5K −$5.44/SF
NOI
$26.8K $12.69/SF
Area
Dickson 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%
$535,560
Cap Rate 7%
$382,543
Cap Rate 9%
$297,533
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.3K
NOI $26,778 @ 7.0% cap · market cap 7.76%
Second Best
Apartment 5plus
$314.2K
$274.9K – $366.6K
NOI $21,993 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$618.5K
$541.2K – $721.6K
NOI $43,297 @ 7.0% cap · market cap 12.55%
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
464
Businesses Nearby
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Business Placement
Demographics for 37055, TN
29,319
Population
12,160
Households
2.4
Avg Household Size
40
Median Age
20%
College-Educated
91%
High-School Grad
201.7 sq mi
ZIP Area
145
Density / Sq Mi
$69,283
Median Household Income
$41,808
Median Earnings
$1,034
Median Rent
$258,200
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 - Both residences offer two bedrooms, one-and-a-half baths, and washer and dryer hookups.
Where is this duplex located?
The property is located at 211 Reeves Street Dickson, TN.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,110 square feet of total living space; Each unit has 2 bedrooms, 1.5 bathrooms, and washer and dryer hookups; Unit A is occupied by a long‑term tenant
