Duplex With Leased
For Sale
$325,000
3509 Standing Stone Dr, Nashville, TN 37207
Two-unit residential income property with occupied residences and practical layouts in Nashville.
Property Size1,537 SF
Price / SF$211.45
Days on Market17
Property Features for 3509 Standing Stone Dr
General Information
Standard status
Active
Size
1,537 SF
Property subtype
Residential Income
Additional Details
Average Monthly Rent
$1,155
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,333
Listing Agency:
Hive Nashville LLC
(615) 613-4461
Listed By:
Michael Gomez
(615) 613-4461
Source:
Exprealty
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 4 at 7:44AM
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 Hive Nashville LLC
Investment Insights
Based on property information with market context.
This 1,537-square-foot duplex contains two residential units at 3509/3511 Standing Stone Dr in Nashville. Both residences are leased to long-term tenants, with lease terms extending through late 2026 and mid-2027. The units offer functional living arrangements and have been maintained in clean condition.
The property provides an occupied configuration for an owner seeking a residential income asset, with separate residences under one ownership. Its duplex format supports straightforward management while preserving two rental units within a single property.
The property provides an occupied configuration for an owner seeking a residential income asset, with separate residences under one ownership. Its duplex format supports straightforward management while preserving two rental units within a single property.
Key Highlights
- True duplex totaling 1,537 square feet
- Both units leased to long‑term tenants
- Lease terms extend through late 2026 and mid‑2027
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $17.40 |
| − Vacancy | −$1.8k | −$1.17 |
| EGI | $24.9k | $16.23 |
| − OpEx | −$7.5k | −$4.87 |
| NOI | $17.5k | $11.36 |
1,537 SF · lease $17.40/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,459 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$228.9K
$200.3K – $267.0K
NOI $16,021 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$439.8K
$384.8K – $513.1K
NOI $30,783 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
Business Placement
Demographics for 37207, TN
38,719
Population
18,698
Households
2.1
Avg Household Size
34
Median Age
33%
College-Educated
88%
High-School Grad
19.3 sq mi
ZIP Area
2,006
Density / Sq Mi
$60,102
Median Household Income
$38,115
Median Earnings
$1,200
Median Rent
$332,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with occupied residences and practical layouts in Nashville.
Where is this duplex located?
The property is located at 3509 Standing Stone Dr Nashville, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: True duplex totaling 1,537 square feet; Both units leased to long‑term tenants; Lease terms extend through late 2026 and mid‑2027
