Duplex
For Sale
$450,000
237 Ocala Dr, Nashville, TN 37211
Two-unit residential property with both sides described as being in similar condition.
Property Size1,650 SF
Price / SF$272.73
Days on Market87
Property Features for 237 Ocala Dr
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Building Details
Year Built
1974
Listing Agency:
Wang & Co. Real Estate, LLC
Listed By:
Terry Wang
(615) 566-0104
Source:
Fiddletreerealty
Added: Jul 21
Changed: Oct 7
Last Checked: Oct 15 at 2:05AM
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 Wang & Co. Real Estate, LLC
Investment Insights
Based on property information with market context.
This duplex property contains 1,650 square feet and was constructed in 1974. The two sides are described as being in similar condition, with available photos depicting the A side.
The property is located at 237 Ocala Dr in Nashville, Tennessee, within the 37211 ZIP code. It is offered for sale as a duplex asset.
The property is located at 237 Ocala Dr in Nashville, Tennessee, within the 37211 ZIP code. It is offered for sale as a duplex asset.
Key Highlights
- Duplex configuration with two residential sides
- 1,650 square feet of property size
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,450
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
$349.0K
Cap Rate 7%
$249,286
$249.3K
Cap Rate 9%
$193,889
$193.9K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$24.9K $15.11/SF
− OpEx
−$7.5K −$4.53/SF
NOI
$17.4K $10.58/SF
Area
ZIP 37211
Vacancy
6.74%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,000
Cap Rate 7%
$249,286
Cap Rate 9%
$193,889
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.8K
NOI $17,450 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$483.7K
$423.2K – $564.3K
NOI $33,858 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 37211, TN
81,830
Population
34,650
Households
2.4
Avg Household Size
33
Median Age
43%
College-Educated
86%
High-School Grad
21.7 sq mi
ZIP Area
3,771
Density / Sq Mi
$69,936
Median Household Income
$42,270
Median Earnings
$1,444
Median Rent
$374,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with both sides described as being in similar condition.
Where is this duplex located?
The property is located at 237 Ocala Dr Nashville, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex configuration with two residential sides; 1,650 square feet of property size; Built in 1974
