8-Unit Apartment
New
For Sale
$1,990,000
356 Beechcroft Road, Spring Hill, TN 37174
Four duplex structures provide individually configured residences with in-unit refrigeration, laundry equipment, and access to everyday services.
Property Size8,528 SF
Lot Size1.01 Acres
Price / SF$233.35
Days on Market5
Property Features for 356 Beechcroft Road
General Information
Standard status
Active
Size
8,528 SF
Lot size
1.01 Acres
Property subtype
Multi-family
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Amenities
refrigerator
washer
dryer
Building Details
Year Built
1987
Buildings
4
Listing Agency:
Benchmark Realty
Listed By:
Catherine Andrews · License #263198
(615) 767-8617
Source:
Benchmarkrealtytn
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 3:03PM
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 Benchmark Realty
Investment Insights
Based on property information with market context.
This multifamily property comprises four duplex buildings containing eight residential units and approximately 8,528± SF overall. Each residence offers two bedrooms and one bathroom, while every unit includes a refrigerator, washer, and dryer. The buildings contain approximately 2,132± SF per duplex and were constructed in 1987 on 1.01± acres.
The property is located in Spring Hill, TN, with access to major roads, shopping, restaurants, grocery stores, employment centers, and other daily amenities. Nashville and surrounding Middle Tennessee communities are also accessible from the site. The four-building layout separates the residential units across multiple structures while keeping them within one multifamily property.
The property is located in Spring Hill, TN, with access to major roads, shopping, restaurants, grocery stores, employment centers, and other daily amenities. Nashville and surrounding Middle Tennessee communities are also accessible from the site. The four-building layout separates the residential units across multiple structures while keeping them within one multifamily property.
Key Highlights
- 8 residential units across 4 duplex buildings
- 8,528± total SF on 1.01± acres
- Approximately 2,132± SF per duplex
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,627
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,452,540
$1.5M
Cap Rate 7%
$1,037,529
$1.0M
Cap Rate 9%
$806,967
$807.0K
Market Conditions
NOI Build-Up for 8,528 SF
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.
Gross rent
$134.1K $15.72/SF
− Vacancy
−$2.0K −$0.24/SF
EGI
$132.0K $15.48/SF
− OpEx
−$59.4K −$6.97/SF
NOI
$72.6K $8.52/SF
Area
Maury County, TN
Vacancy
1.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,452,540
Cap Rate 7%
$1,037,529
Cap Rate 9%
$806,967
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$907.8K – $1.21M
NOI $72,627 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,995 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
Explore this area
Business Placement
Demographics for 37174, TN
48,849
Population
19,631
Households
2.5
Avg Household Size
35
Median Age
42%
College-Educated
95%
High-School Grad
69.7 sq mi
ZIP Area
701
Density / Sq Mi
$98,775
Median Household Income
$55,338
Median Earnings
$1,724
Median Rent
$450,300
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?
Apartment building - Four duplex structures provide individually configured residences with in-unit refrigeration, laundry equipment, and access to everyday services.
Where is this apartment building located?
The property is located at 356 Beechcroft Road Spring Hill, TN.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 8 residential units across 4 duplex buildings; 8,528± total SF on 1.01± acres; Approximately 2,132± SF per duplex
