Multifamily Property with Detached
2520 Sharondale Dr, Nashville, TN 37215
For Sale
$1,115,000
The property combines a two-bedroom main residence, an upper-level apartment, and a detached building with two one-bedroom unit configurations.
Property Size3,004 SF
Price / SF$371.17
Days on Market30
Property Features for 2520 Sharondale Dr
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Lara K. Kirby | KIRBY GROUP · License #263744
(931) 273-5510
Source:
Smokymountainareahomefinder
Added: Oct 11
Changed: Nov 8
Last Checked: Nov 8 at 6:43AM
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
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Investment Insights
Based on property information with market context.
At 2520 Sharondale Dr in Nashville, this multifamily property includes a two-bedroom, two-bath main residence with a living room, fireplace, dining room, kitchen, and laundry/hobby room. The upper level has a separate side entrance and a one-bedroom, one-bath apartment with its own kitchen and living room. The detached duplex is currently arranged as one residence and can be configured as two one-bedroom, one-bath units. The property was built in 1927 and is listed at 3,004 square feet; the basement square footage referenced is for the detached duplex.
Green Hills, Vanderbilt University, and the West End corridor are identified as nearby destinations. The property also has access to Nashville shopping, dining, universities, and entertainment.
Green Hills, Vanderbilt University, and the West End corridor are identified as nearby destinations. The property also has access to Nashville shopping, dining, universities, and entertainment.
Key Highlights
- Main residence has 2 bedrooms and 2 full baths
- Upper‑level apartment has a private side entrance, 1 bedroom, 1 bath, kitchen, and living room
- Detached duplex is currently configured as one residence, with a layout for two 1‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,312
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,240
$626.2K
Cap Rate 7%
$447,314
$447.3K
Cap Rate 9%
$347,911
$347.9K
Market Conditions
NOI Build-Up for 3,004 SF
Gross rent
$61.3K $20.40/SF
− Vacancy
−$4.4K −$1.45/SF
EGI
$56.9K $18.95/SF
− OpEx
−$25.6K −$8.53/SF
NOI
$31.3K $10.42/SF
Area
Nashville, TN
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,240
Cap Rate 7%
$447,314
Cap Rate 9%
$347,911
Alternative Uses
Best Use
Apartment 5plus
$447.3K
$391.4K – $521.9K
NOI $31,312 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.7K
$669.1K – $892.2K
NOI $53,531 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
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Business Placement
Demographics for 37215, TN
23,756
Population
11,281
Households
2.1
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
15.3 sq mi
ZIP Area
1,553
Density / Sq Mi
$151,156
Median Household Income
$82,757
Median Earnings
$1,870
Median Rent
$959,100
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Nashville, TN
Properties on Market for Multifamily properties in Nashville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property combines a two-bedroom main residence, an upper-level apartment, and a detached building with two one-bedroom unit configurations.
Where is this multifamily property located?
The property is located at 2520 Sharondale Dr Nashville, TN.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: Main residence has 2 bedrooms and 2 full baths; Upper‑level apartment has a private side entrance, 1 bedroom, 1 bath, kitchen, and living room; Detached duplex is currently configured as one residence, with a layout for two 1‑bedroom, 1‑bath units
