2424 Booker St, Nashville, TN 37208

Building Details

Year Built 1964 More

Construction all-brick More

Listing Agency: Reliant Realty ERA Powered

Listed By: Emine' (Amy) Kempf Show Phone

Source: Nashvillehouses

Added: Oct 7 Changed: Nov 8 Last Checked: Nov 8 at 7:05AM

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Investment Insights

Based on property information with market context.

This 1964 brick triplex contains three 2-bedroom, 1-bathroom apartments, each measuring 700 square feet. Renovations include wood flooring, recessed lighting, updated kitchens with new appliances and soft-close cabinets, and refreshed bathrooms with glass shower doors and matte-black fixtures. Each unit also has washer and dryer hookups, a new water heater, and separate electric and water meters. The property totals 2,125 square feet and sits on a corner lot.

Booker Street places the property minutes from Downtown Nashville, with access to West End, Vanderbilt, Belmont, dining, shopping, entertainment, parks, and gyms. Off-street parking serves the building.

Key Highlights

• Three 700‑square‑foot apartments, each with 2 bedrooms and 1 bathroom
• 2,125‑square‑foot brick triplex built in 1964
• Separate electric and water meters and laundry hookups in every unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,138

Cap Rate

3.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,760 $482.8K

Cap Rate 7%

$344,829 $344.8K

Cap Rate 9%

$268,200 $268.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,125 SF

Gross rent

$37.0K $17.40/SF

− Vacancy

−$2.5K −$1.17/SF

EGI

$34.5K $16.23/SF

− OpEx

−$10.3K −$4.87/SF

NOI

$24.1K $11.36/SF

Area

Nashville, TN

Vacancy

6.74%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$482,760

Cap Rate 7%

$344,829

Cap Rate 9%

$268,200

Alternative Uses

Best Use

Multifamily LT 5

$344.8K

$301.7K – $402.3K (±1% cap)

NOI $24,138 @ 7.0% cap · market cap 3.25%

Second Best

Apartment 5plus

$316.4K

$276.9K – $369.2K (±1% cap)

NOI $22,150 @ 7.0% cap · market cap 2.99%

Theoretical Best

Office A

$541.0K

$473.4K – $631.1K (±1% cap)

NOI $37,868 @ 7.0% cap · market cap 5.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

2,176

Businesses Nearby

Explore this area Business Placement

Demographics for 37208, TN

21,609

Population

10,793

Households

2

Avg Household Size

30

Median Age

50%

College-Educated

91%

High-School Grad

4.8 sq mi

ZIP Area

4,502

Density / Sq Mi

$62,682

Median Household Income

$41,510

Median Earnings

$1,527

Median Rent

$417,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three individually metered apartments offer updated interiors, laundry hookups, and off-street parking.

Where is this triplex located?

The property is located at 2424 Booker St Nashville, TN.

What is the asking price?

The asking price for this property is $742,000.

What are key features of this property?

This property features: Three 700‑square‑foot apartments, each with 2 bedrooms and 1 bathroom; 2,125‑square‑foot brick triplex built in 1964; Separate electric and water meters and laundry hookups in every unit