Side-by-Side
New
For Sale
$299,900
300 Tyne Blvd, Old Hickory, TN 37138
Two matching units feature split-level layouts with bedrooms above and living areas and kitchens below.
Property Size2,458 SF
Price / SF$122.01
Days on Market4
Property Features for 300 Tyne Blvd
General Information
Standard status
Active
Size
2,458 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,256
Building Details
Buildings
1
Listing Agency:
Blue Skies Realty, LLC
(615) 969-5475
Listed By:
Sarah Evans · License #287677
(615) 554-0901
Source:
Exprealty
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 2:54PM
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 Blue Skies Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two side-by-side units with matching floor plans, totaling 2,458 square feet. Each unit has a split-level arrangement, with three bedrooms and one bathroom on the upper level and a living room and kitchen below.
The property is near Old Hickory Lake at 300 Tyne Blvd in Old Hickory, Tennessee. The lot is described as large.
The property is near Old Hickory Lake at 300 Tyne Blvd in Old Hickory, Tennessee. The lot is described as large.
Key Highlights
- 2,458‑square‑foot duplex
- Two side‑by‑side units with matching floor plans
- Each unit has 3 bedrooms and 1 bathroom upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,303
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,060
$546.1K
Cap Rate 7%
$390,043
$390.0K
Cap Rate 9%
$303,367
$303.4K
Market Conditions
NOI Build-Up for 2,458 SF
Gross rent
$53.1K $21.60/SF
− Vacancy
−$3.5K −$1.40/SF
EGI
$49.6K $20.20/SF
− OpEx
−$22.3K −$9.09/SF
NOI
$27.3K $11.11/SF
Area
Davidson County, TN
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,060
Cap Rate 7%
$390,043
Cap Rate 9%
$303,367
Alternative Uses
Best Use
Multifamily LT 5
$423.4K
$370.5K – $494.0K
NOI $29,641 @ 7.0% cap · market cap 9.88%
Second Best
Apartment 5plus
$390.0K
$341.3K – $455.1K
NOI $27,303 @ 7.0% cap · market cap 9.10%
Theoretical Best
Warehouse
$2.98M
$2.60M – $3.47M
NOI $208,306 @ 7.0% cap · market cap 69.46%
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
63
Businesses Nearby
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Business Placement
Demographics for 37138, TN
23,631
Population
9,905
Households
2.4
Avg Household Size
43
Median Age
40%
College-Educated
94%
High-School Grad
17.9 sq mi
ZIP Area
1,320
Density / Sq Mi
$87,450
Median Household Income
$54,738
Median Earnings
$1,427
Median Rent
$347,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching units feature split-level layouts with bedrooms above and living areas and kitchens below.
Where is this duplex located?
The property is located at 300 Tyne Blvd Old Hickory, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 2,458‑square‑foot duplex; Two side‑by‑side units with matching floor plans; Each unit has 3 bedrooms and 1 bathroom upstairs
