Duplex with Basement
257 Blackman Rd, Nashville, TN 37211
For Sale
$499,900
Pending
Two separate residences offer flexibility for rental use or owner occupancy alongside rental income.
Property Size2,982 SF
Days on Market32
Property Features for 257 Blackman Rd
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Wildwood Management
Listed By:
Jennifer L DeMasis
(727) 215-9187
Source:
Northnashvillehomes4sale
Added: Oct 9
Changed: Nov 8
Last Checked: Nov 8 at 7:12AM
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 Wildwood Management
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Investment Insights
Based on property information with market context.
Built in 1963, this 2,982-square-foot duplex is arranged as two separate residences. Each side has two bedrooms, one full bathroom and laundry facilities. The basement adds another bathroom, a workshop and storage space. The property requires renovation, with the existing layout also offering the option to consider a single-family configuration.
Located in Crieve Hall, the property presents several possible occupancy arrangements, including renting both units or living in one while leasing the other.
Located in Crieve Hall, the property presents several possible occupancy arrangements, including renting both units or living in one while leasing the other.
Key Highlights
- Two‑unit duplex with 2,982 square feet
- Each residence has 2 bedrooms, 1 full bathroom and laundry
- Basement includes an additional bathroom, workshop and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,537
Cap Rate
6.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,740
$630.7K
Cap Rate 7%
$450,529
$450.5K
Cap Rate 9%
$350,411
$350.4K
Market Conditions
NOI Build-Up for 2,982 SF
Gross rent
$48.3K $16.20/SF
− Vacancy
−$3.3K −$1.09/SF
EGI
$45.1K $15.11/SF
− OpEx
−$13.5K −$4.53/SF
NOI
$31.5K $10.58/SF
Area
ZIP 37211
Vacancy
6.74%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,740
Cap Rate 7%
$450,529
Cap Rate 9%
$350,411
Alternative Uses
Best Use
Multifamily LT 5
$450.5K
$394.2K – $525.6K
NOI $31,537 @ 7.0% cap · market cap 6.31%
Second Best
Apartment 5plus
$391.8K
$342.8K – $457.1K
NOI $27,426 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$874.2K
$764.9K – $1.02M
NOI $61,191 @ 7.0% cap · market cap 12.24%
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
333
Businesses Nearby
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Business Placement
Demographics for 37211, TN
81,830
Population
34,650
Households
2.4
Avg Household Size
33
Median Age
43%
College-Educated
86%
High-School Grad
21.7 sq mi
ZIP Area
3,771
Density / Sq Mi
$69,936
Median Household Income
$42,270
Median Earnings
$1,444
Median Rent
$374,200
Median Home Value
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Market
Average Price Trend$/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 separate residences offer flexibility for rental use or owner occupancy alongside rental income.
Where is this duplex located?
The property is located at 257 Blackman Rd Nashville, TN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,982 square feet; Each residence has 2 bedrooms, 1 full bathroom and laundry; Basement includes an additional bathroom, workshop and storage
