Two-Unit
For Sale
$384,900
2536 Glenrose Ave, Nashville, TN 37210
Both units have active rental arrangements, including one month-to-month tenancy and one lease through 12/31/26.
Property Size1,518 SF
Price / SF$253.56
Days on Market40
Property Features for 2536 Glenrose Ave
General Information
Standard status
Active
Size
1,518 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1970
Listing Agency:
Synergy Realty Network, LLC
Listed By:
Tyler C. King
(615) 371-2424
Source:
Fiddletreerealty
Added: Jul 27
Changed: Sep 2
Last Checked: Sep 1 at 9:52PM
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 Synergy Realty Network, LLC
Investment Insights
Based on property information with market context.
This 1,518-square-foot duplex was built in 1970 and contains two residential units. Unit A is occupied under a month-to-month lease, while Unit B is subject to a lease ending 12/31/26. The existing lease structure provides a combination of near-term flexibility and defined occupancy for the property.
The property is located at 2536 Glenrose Ave in Nashville’s Woodbine/Glencliff corridor. The surrounding context includes ongoing redevelopment, with access to downtown Nashville, Berry Hill, Wedgewood-Houston, GEODIS Park, major interstates, shopping, restaurants, and entertainment. Its residential income configuration and established rental arrangements make it suitable for continued duplex ownership or inclusion in a multifamily portfolio.
The property is located at 2536 Glenrose Ave in Nashville’s Woodbine/Glencliff corridor. The surrounding context includes ongoing redevelopment, with access to downtown Nashville, Berry Hill, Wedgewood-Houston, GEODIS Park, major interstates, shopping, restaurants, and entertainment. Its residential income configuration and established rental arrangements make it suitable for continued duplex ownership or inclusion in a multifamily portfolio.
Key Highlights
- Two‑unit duplex totaling 1,518 SF
- Built in 1970
- Unit A is leased month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,860
$344.9K
Cap Rate 7%
$246,329
$246.3K
Cap Rate 9%
$191,589
$191.6K
Market Conditions
NOI Build-Up for 1,518 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $17.40/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$24.6K $16.23/SF
− OpEx
−$7.4K −$4.87/SF
NOI
$17.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$344,860
Cap Rate 7%
$246,329
Cap Rate 9%
$191,589
Alternative Uses
Best Use
Multifamily LT 5
$246.3K
$215.5K – $287.4K
NOI $17,243 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$386.4K
$338.1K – $450.9K
NOI $27,051 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 37210, TN
17,134
Population
9,201
Households
1.9
Avg Household Size
32
Median Age
32%
College-Educated
85%
High-School Grad
9.3 sq mi
ZIP Area
1,842
Density / Sq Mi
$43,343
Median Household Income
$36,815
Median Earnings
$1,250
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units have active rental arrangements, including one month-to-month tenancy and one lease through 12/31/26.
Where is this duplex located?
The property is located at 2536 Glenrose Ave Nashville, TN.
What is the asking price?
The asking price for this property is $384,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,518 SF; Built in 1970; Unit A is leased month‑to‑month
