Brick Duplex with Separate
For Sale
$199,900
3223 Curtis Street, Nashville, TN 37218
Two vacant residences provide immediate flexibility for leasing one or both units.
Property Size1,125 SF
Lot Size0.33 Acres
Price / SF$177.69
Days on Market41
Property Features for 3223 Curtis Street
General Information
Standard status
Active
Size
1,125 SF
Lot size
0.33 Acres
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1968
Buildings
1
Construction
brick
Listed By:
Steve Jolly
(615) 519-0983
Source:
Benchmarkrealtytn
Added: Aug 28
Changed: Oct 7
Last Checked: Oct 7 at 1:31PM
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 Steve Jolly
Investment Insights
Based on property information with market context.
Built in 1968, this all-brick duplex contains two vacant residences, each configured with two bedrooms and one bathroom. Separate electric and water meters serve the units, allowing each residence to maintain its own utility service. The property offers a practical existing income-property configuration while ownership evaluates future plans.
Located at 3223 Curtis Street in Nashville, the property sits on an 80-by-190-foot lot measuring approximately one-third of an acre. Utilities are already on site, and there is no HOA. Any development or redevelopment potential should be independently confirmed with Metro Codes.
Located at 3223 Curtis Street in Nashville, the property sits on an 80-by-190-foot lot measuring approximately one-third of an acre. Utilities are already on site, and there is no HOA. Any development or redevelopment potential should be independently confirmed with Metro Codes.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per unit
- All‑brick construction dating to 1968
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,779
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$255,580
$255.6K
Cap Rate 7%
$182,557
$182.6K
Cap Rate 9%
$141,989
$142.0K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$19.6K $17.40/SF
− Vacancy
−$1.3K −$1.17/SF
EGI
$18.3K $16.23/SF
− OpEx
−$5.5K −$4.87/SF
NOI
$12.8K $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%
$255,580
Cap Rate 7%
$182,557
Cap Rate 9%
$141,989
Alternative Uses
Best Use
Multifamily LT 5
$182.6K
$159.7K – $213.0K
NOI $12,779 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$286.4K
$250.6K – $334.1K
NOI $20,048 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Explore this area
Business Placement
Demographics for 37218, TN
14,875
Population
6,497
Households
2.3
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
381
Density / Sq Mi
$59,073
Median Household Income
$38,726
Median Earnings
$1,368
Median Rent
$295,400
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 - Two vacant residences provide immediate flexibility for leasing one or both units.
Where is this duplex located?
The property is located at 3223 Curtis Street Nashville, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom per unit; All‑brick construction dating to 1968; Separate electric and water meters for each unit
