Tenant-Occupied
2504 Highland Trace Dr, Nashville, TN 37207
For Sale
$349,900
Two occupied units provide immediate rental continuity for an owner or investor.
Property Size1,664 SF
Price / SF$210.28
Days on Market59
Property Features for 2504 Highland Trace Dr
General Information
Standard status
Size
Property subtype
Financials
Asking Price
Gross Income
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Compass RE
Listed By:
Ron Hodges · License TN RTC42223
(615) 473-8336
Source:
Keltonrealestate
Added: Sep 15
Changed: Nov 10
Last Checked: Nov 12 at 5:09AM
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 Compass RE
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Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex at 2504 Highland Trace Dr. contains two income-producing units with tenants in place. One tenancy is month-to-month, while the other extends through April 2027, providing different lease timelines within the property. Both occupants are open to remaining, supporting continued use as a tenant-occupied residential income property.
Built in 1984, the property offers access to Briley Parkway, Whites Creek Pike, and major Nashville corridors. Its two-unit configuration supports an investment, portfolio, or owner-occupant strategy, including the potential to occupy one unit while retaining income from the other, subject to applicable lease terms and buyer verification.
Built in 1984, the property offers access to Briley Parkway, Whites Creek Pike, and major Nashville corridors. Its two-unit configuration supports an investment, portfolio, or owner-occupant strategy, including the potential to occupy one unit while retaining income from the other, subject to applicable lease terms and buyer verification.
Key Highlights
- Two‑unit duplex with 1,664 SF of building area
- Both units are occupied by existing tenants
- One tenancy is month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,901
Cap Rate
5.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,020
$378.0K
Cap Rate 7%
$270,014
$270.0K
Cap Rate 9%
$210,011
$210.0K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$29.0K $17.40/SF
− Vacancy
−$2.0K −$1.17/SF
EGI
$27.0K $16.23/SF
− OpEx
−$8.1K −$4.87/SF
NOI
$18.9K $11.36/SF
Area
ZIP 37207
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%
$378,020
Cap Rate 7%
$270,014
Cap Rate 9%
$210,011
Alternative Uses
Best Use
Multifamily LT 5
$270.0K
$236.3K – $315.0K
NOI $18,901 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$247.8K
$216.8K – $289.1K
NOI $17,345 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$476.1K
$416.6K – $555.4K
NOI $33,326 @ 7.0% cap · market cap 9.52%
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
88
Businesses Nearby
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Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Nashville, TN
Properties on Market for Duplexes in Nashville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied units provide immediate rental continuity for an owner or investor.
Where is this duplex located?
The property is located at 2504 Highland Trace Dr Nashville, TN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,664 SF of building area; Both units are occupied by existing tenants; One tenancy is month‑to‑month
