Updated Two-Unit
For Sale
$349,999
301 Andrew Jackson Pl, Hermitage, TN 37076
Both residences are leased and feature new LVP flooring and vinyl blinds.
Property Size2,072 SF
Price / SF$168.92
Days on Market79
Property Features for 301 Andrew Jackson Pl
General Information
Standard status
Active
Size
2,072 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
HOA Fee
$120
Multifamily Units
2
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Bernie Gallerani Real Estate
Listed By:
Bernie Gallerani · License #295782
(615) 438-6658
Source:
Fykesrealtygroup
Added: Jul 29
Changed: Oct 14
Last Checked: Oct 15 at 3:09AM
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 Bernie Gallerani Real Estate
Investment Insights
Based on property information with market context.
Built in 1985, this 2,072-square-foot duplex contains two residential units identified as 301 and 303, with one positioned upstairs and the other downstairs. Both units are currently rented. Recent interior improvements include LVP flooring throughout each residence and vinyl window blinds.
Located at 301 Andrew Jackson Pl in Hermitage, the property sits on a shaded lot near shopping, dining, medical services, and recreational opportunities at nearby lakes. Nashville International Airport is approximately 10 minutes away, while downtown Nashville is about 20 minutes from the property.
Located at 301 Andrew Jackson Pl in Hermitage, the property sits on a shaded lot near shopping, dining, medical services, and recreational opportunities at nearby lakes. Nashville International Airport is approximately 10 minutes away, while downtown Nashville is about 20 minutes from the property.
Key Highlights
- 2,072‑square‑foot duplex with two residential units
- Unit 301 upstairs and Unit 303 downstairs
- Both units currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,986
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,720
$499.7K
Cap Rate 7%
$356,943
$356.9K
Cap Rate 9%
$277,622
$277.6K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$38.0K $18.36/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$35.7K $17.23/SF
− OpEx
−$10.7K −$5.17/SF
NOI
$25.0K $12.06/SF
Area
Davidson County, TN
Vacancy
6.17%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,720
Cap Rate 7%
$356,943
Cap Rate 9%
$277,622
Alternative Uses
Best Use
Multifamily LT 5
$356.9K
$312.3K – $416.4K
NOI $24,986 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$328.8K
$287.7K – $383.6K
NOI $23,015 @ 7.0% cap · market cap 6.58%
Theoretical Best
Warehouse
$2.51M
$2.19M – $2.93M
NOI $175,594 @ 7.0% cap · market cap 50.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
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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 - Both residences are leased and feature new LVP flooring and vinyl blinds.
Where is this duplex located?
The property is located at 301 Andrew Jackson Pl Hermitage, TN.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 2,072‑square‑foot duplex with two residential units; Unit 301 upstairs and Unit 303 downstairs; Both units currently rented
