New
For Sale
$525,000
2609 Lakevilla Dr, Nashville, TN 37217
Two side-by-side residences offer a combined 2,200 square feet of living space.
Property Size2,200 SF
Price / SF$238.64
Days on Market4
Property Features for 2609 Lakevilla Dr
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1987
Listing Agency:
Wang & Co. Real Estate, LLC
Listed By:
Terry Wang
(615) 566-0104
Source:
Dreamdoorstn
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 7 at 3:25PM
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 Wang & Co. Real Estate, LLC
Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex was built in 1987 and consists of two residences at 2609 and 2611 Lakevilla Drive. The available remarks indicate both sides are in the same condition, and photographs depict the 2611 side.
Key Highlights
- 2,200‑square‑foot duplex
- Built in 1987
- Both residences are reported to be in the same condition
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,990
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,800
$499.8K
Cap Rate 7%
$357,000
$357.0K
Cap Rate 9%
$277,667
$277.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$38.3K $17.40/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$35.7K $16.23/SF
− OpEx
−$10.7K −$4.87/SF
NOI
$25.0K $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 Rate 5%
$499,800
Cap Rate 7%
$357,000
Cap Rate 9%
$277,667
Alternative Uses
Best Use
Multifamily LT 5
$357.0K
$312.4K – $416.5K
NOI $24,990 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$327.6K
$286.6K – $382.2K
NOI $22,931 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$560.1K
$490.1K – $653.4K
NOI $39,204 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Explore this area
Business Placement
Demographics for 37217, TN
33,115
Population
14,168
Households
2.3
Avg Household Size
33
Median Age
32%
College-Educated
82%
High-School Grad
17.8 sq mi
ZIP Area
1,860
Density / Sq Mi
$61,529
Median Household Income
$37,090
Median Earnings
$1,313
Median Rent
$279,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences offer a combined 2,200 square feet of living space.
Where is this duplex located?
The property is located at 2609 Lakevilla Dr Nashville, TN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,200‑square‑foot duplex; Built in 1987; Both residences are reported to be in the same condition
