Triplex With Development
For Sale
$399,999
3319 John Mallette Dr, Nashville, TN 37218
Converted residential property configured as a triplex in Bordeaux, with one unit available for showing.
Property Size2,692 SF
Price / SF$148.59
Days on Market54
Property Features for 3319 John Mallette Dr
General Information
Standard status
Active
Size
2,692 SF
Property subtype
Multi-Family
Building Details
Year Built
1952
Listing Agency:
B-Elite Real Estate Services
Listed By:
Savannah Espinosa
(615) 243-9959
Source:
Grayfoxrealty
Added: Aug 15
Changed: Sep 23
Last Checked: Oct 7 at 1:49PM
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 B-Elite Real Estate Services
Investment Insights
Based on property information with market context.
Located at 3319 John Mallette Dr in Nashville’s Bordeaux area, this 2,692-square-foot residential property has been converted into a triplex. The middle unit is vacant for showings, while other units are occupied; visitors should not disturb tenants.
The property is offered as-is. Potential identified in the property information includes renovation, holding as an income property, rezoning for two dwellings, or subdivision of the lot. Buyers and their agents are responsible for completing their own due diligence regarding zoning, development, occupancy, and physical condition.
The property is offered as-is. Potential identified in the property information includes renovation, holding as an income property, rezoning for two dwellings, or subdivision of the lot. Buyers and their agents are responsible for completing their own due diligence regarding zoning, development, occupancy, and physical condition.
Key Highlights
- 2,692‑square‑foot residential property converted into a triplex
- Middle unit is vacant and available for showings
- Other units are occupied; tenants should not be disturbed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,579
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,580
$611.6K
Cap Rate 7%
$436,843
$436.8K
Cap Rate 9%
$339,767
$339.8K
Market Conditions
NOI Build-Up for 2,692 SF
Gross rent
$46.8K $17.40/SF
− Vacancy
−$3.2K −$1.17/SF
EGI
$43.7K $16.23/SF
− OpEx
−$13.1K −$4.87/SF
NOI
$30.6K $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%
$611,580
Cap Rate 7%
$436,843
Cap Rate 9%
$339,767
Alternative Uses
Best Use
Multifamily LT 5
$436.8K
$382.2K – $509.7K
NOI $30,579 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$400.9K
$350.8K – $467.7K
NOI $28,060 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$685.3K
$599.6K – $799.5K
NOI $47,971 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
329
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
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?
Triplex - Converted residential property configured as a triplex in Bordeaux, with one unit available for showing.
Where is this triplex located?
The property is located at 3319 John Mallette Dr Nashville, TN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,692‑square‑foot residential property converted into a triplex; Middle unit is vacant and available for showings; Other units are occupied; tenants should not be disturbed
