Residential Income
340 Lawndale Dr, Nashville, TN 37217
For Sale
$829,900
Central air and ceiling fans serve the interior.
Property Size3,645 SF
Price / SF$227.68
Days on Market90
Property Features for 340 Lawndale Dr
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Ceiling Fan(s), Central Air
Central
Concrete, Driveway
Building Details
Building Size
Year Built
Stories
Listed By:
Malia B. Irvine
(731) 819-7322
Source:
Evrealestate
Added: Aug 12
Changed: Nov 9
Last Checked: Nov 8 at 6:20AM
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 Malia B. Irvine
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Investment Insights
Based on property information with market context.
This 3,645-square-foot residential income property was built in 1965. Interior features include central air conditioning and ceiling fans, with a concrete driveway outside.
The property is located on Lawndale Dr in Nashville, Davidson County, and is zoned Rs15.
The property is located on Lawndale Dr in Nashville, Davidson County, and is zoned Rs15.
Key Highlights
- 3,645‑square‑foot residential income property
- Built in 1965
- Central air and ceiling fans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,993
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,860
$759.9K
Cap Rate 7%
$542,757
$542.8K
Cap Rate 9%
$422,144
$422.1K
Market Conditions
NOI Build-Up for 3,645 SF
Gross rent
$74.4K $20.40/SF
− Vacancy
−$5.3K −$1.45/SF
EGI
$69.1K $18.95/SF
− OpEx
−$31.1K −$8.53/SF
NOI
$38.0K $10.42/SF
Area
Nashville, TN
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,860
Cap Rate 7%
$542,757
Cap Rate 9%
$422,144
Alternative Uses
Best Use
Apartment 5plus
$542.8K
$474.9K – $633.2K
NOI $37,993 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.9K
$811.9K – $1.08M
NOI $64,954 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
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Business Placement
Demographics for 37217, TN
33,115
Population
14,168
Households
2.3
Avg Household Size
33
Median Age
32%
College-Educated
82%
High-School Grad
17.8 sq mi
ZIP Area
1,860
Density / Sq Mi
$61,529
Median Household Income
$37,090
Median Earnings
$1,313
Median Rent
$279,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Nashville, TN
Properties on Market for Residential income properties in Nashville
Frequently Asked Questions
What type of property is this?
Residential income property - Central air and ceiling fans serve the interior.
Where is this residential income property located?
The property is located at 340 Lawndale Dr Nashville, TN.
What is the asking price?
The asking price for this property is $829,900.
What are key features of this property?
This property features: 3,645‑square‑foot residential income property; Built in 1965; Central air and ceiling fans
