Two-Unit Duplex on Large
For Sale
$385,000
2740 Jones Ave, Nashville, TN 37207
Duplex with two residential units on a sizable parcel.
Property Size1,536 SF
Lot Size0.75 Acres
Price / SF$250.65
Days on Market84
Property Features for 2740 Jones Ave
General Information
Standard status
Active
Size
1,536 SF
Lot size
0.75 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1960
Listing Agency:
eXp Realty
Listed By:
Anthony Parker · License #354583
(931) 321-6890
Source:
Fiddletreerealty
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 15 at 2:20AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This duplex contains 1,536 square feet across two residential units. Each unit is configured with two bedrooms and one bathroom, providing a consistent layout throughout the property. The structure was built in 1960 and sits on a 0.75-acre lot.
The property is located at 2740 Jones Ave in Nashville, Tennessee. Unit B, on the right side, is occupied; showings and access should respect the tenant’s occupancy.
The property is located at 2740 Jones Ave in Nashville, Tennessee. Unit B, on the right side, is occupied; showings and access should respect the tenant’s occupancy.
Key Highlights
- Two‑unit duplex with 1,536 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Situated on a 0.75‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,448
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$348,960
$349.0K
Cap Rate 7%
$249,257
$249.3K
Cap Rate 9%
$193,867
$193.9K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$26.7K $17.40/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$24.9K $16.23/SF
− OpEx
−$7.5K −$4.87/SF
NOI
$17.4K $11.36/SF
Area
ZIP 37207
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%
$348,960
Cap Rate 7%
$249,257
Cap Rate 9%
$193,867
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.8K
NOI $17,448 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$228.7K
$200.1K – $266.8K
NOI $16,010 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$439.5K
$384.5K – $512.7K
NOI $30,763 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
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 - Duplex with two residential units on a sizable parcel.
Where is this duplex located?
The property is located at 2740 Jones Ave Nashville, TN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,536 square feet; Each unit includes 2 bedrooms and 1 bathroom; Situated on a 0.75‑acre lot
