16-Unit Townhome Apartment
312 Stewarts Ferry Pike, Nashville, TN 37214
For Sale
$6,800,000
Three-story homes offer three bedrooms, open kitchens, and stainless steel appliances.
Property Size24,876 SF
Price / SF$273.36
Days on Market69
Property Features for 312 Stewarts Ferry Pike
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Electric
Assigned, Attached
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass
Listed By:
Chris DeTray · License #352524
(615) 498-6571
Source:
Evrealestate
Added: Sep 2
Changed: Nov 8
Last Checked: Sep 24 at 10:23AM
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 Compass
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Investment Insights
Based on property information with market context.
This 16-unit townhome development is being built as a multifamily rental property, with vertical construction underway and completion scheduled for 3/31/2027. Each residence has a three-story open layout with three bedrooms and 2.5 to 3.5 bathrooms. Interior features include laminate flooring, hardwood stairways, carpeted bedrooms, recessed lighting, and stainless steel Energy Star appliances. Kitchens include an electric cooktop and oven, vented hood, island, breakfast bar, pantry, and windows. Unit sizes range from 1,342 to 1,648 square feet, with variations across the development.
At 312 Stewarts Ferry Pike in Nashville, the property is stated to be 10 minutes from BNA, 8 minutes from Elm Hill Marina, and 15 minutes from downtown Nashville. Donelson restaurants and shopping are described as minutes away. The property is offered as a single 16-unit investment, and the stated estimated cap rate is 6%–7%.
At 312 Stewarts Ferry Pike in Nashville, the property is stated to be 10 minutes from BNA, 8 minutes from Elm Hill Marina, and 15 minutes from downtown Nashville. Donelson restaurants and shopping are described as minutes away. The property is offered as a single 16-unit investment, and the stated estimated cap rate is 6%–7%.
Key Highlights
- 16 townhome units offered together as a multifamily investment
- Three‑story layouts with 3 bedrooms and 2.5 to 3.5 bathrooms
- Unit sizes range from 1,342 to 1,648 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$289,797
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,795,940
$5.8M
Cap Rate 7%
$4,139,957
$4.1M
Cap Rate 9%
$3,219,967
$3.2M
Market Conditions
NOI Build-Up for 24,876 SF
Gross rent
$567.2K $22.80/SF
− Vacancy
−$40.3K −$1.62/SF
EGI
$526.9K $21.18/SF
− OpEx
−$237.1K −$9.53/SF
NOI
$289.8K $11.65/SF
Area
ZIP 37214
Vacancy
7.10%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,795,940
Cap Rate 7%
$4,139,957
Cap Rate 9%
$3,219,967
Alternative Uses
Best Use
Apartment 5plus
$4.14M
$3.62M – $4.83M
NOI $289,797 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.45M
$5.64M – $7.52M
NOI $451,350 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 37214, TN
30,480
Population
15,526
Households
2
Avg Household Size
38
Median Age
46%
College-Educated
93%
High-School Grad
21.9 sq mi
ZIP Area
1,392
Density / Sq Mi
$71,969
Median Household Income
$48,583
Median Earnings
$1,567
Median Rent
$315,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story homes offer three bedrooms, open kitchens, and stainless steel appliances.
Where is this apartment building located?
The property is located at 312 Stewarts Ferry Pike Nashville, TN.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: 16 townhome units offered together as a multifamily investment; Three‑story layouts with 3 bedrooms and 2.5 to 3.5 bathrooms; Unit sizes range from 1,342 to 1,648 square feet
