Residential Income Property with Central
For Sale
$384,900
2548 Glenrose Ave, Nashville, TN 37210
Built in 2017 with central air and central heating.
Property Size1,551 SF
Price / SF$248.16
Days on Market78
Property Features for 2548 Glenrose Ave
General Information
Standard status
Active
Size
1,551 SF
Property subtype
Multi-Family
Building Details
Year Built
2017
Listing Agency:
Synergy Realty Network, LLC
Listed By:
Tyler C. King
(615) 371-2424
Source:
Dreamdoorstn
Added: Jul 30
Changed: Oct 5
Last Checked: Oct 7 at 1:17PM
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 residential income property was built in 2017 and includes central air and central heating. The property is located at 2548 Glenrose Ave in Nashville, Tennessee, within Davidson County.
Key Highlights
- Built in 2017
- Central air
- Central heating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,167
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,340
$323.3K
Cap Rate 7%
$230,957
$231.0K
Cap Rate 9%
$179,633
$179.6K
Market Conditions
NOI Build-Up for 1,551 SF
Gross rent
$31.6K $20.40/SF
− Vacancy
−$2.2K −$1.45/SF
EGI
$29.4K $18.95/SF
− OpEx
−$13.2K −$8.53/SF
NOI
$16.2K $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%
$323,340
Cap Rate 7%
$230,957
Cap Rate 9%
$179,633
Alternative Uses
Best Use
Apartment 5plus
$231.0K
$202.1K – $269.5K
NOI $16,167 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.8K
$345.5K – $460.7K
NOI $27,639 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2017 with central air and central heating.
Where is this residential income property located?
The property is located at 2548 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: Built in 2017; Central air; Central heating
