Multifamily Investment
For Sale
$4,750,000
3811 Gallatin Pike, Nashville, TN 37216
Four lots with 28 rentals, potential for more.
Property Size3,244 SF
Lot Size1.74 Acres
Price / SF$1,464
Days on Market233
Property Features for 3811 Gallatin Pike
General Information
Standard status
Active
Size
3,244 SF
Lot size
1.74 Acres
Site & Location
Neighborhood
East Nashville
Building Details
Year Built
1942
Listing Agency:
Oyster Real Estate Advisors
Listed By:
Wyatt Wallace · License #342967
(615) 924-7896
Source:
Dreamdoorstn
Added: Mar 5
Changed: Oct 10
Last Checked: Oct 23 at 10:42AM
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 Oyster Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This unique property consists of four lots totaling 1.74 acres with MUL-A zoning and 300 feet of frontage. The property currently operates as 28 mid and long-term rentals. 3811 Gallatin Pike is currently renting out by the room with shared kitchens and baths, this medium-term rental building hosts a total of 11 units with the potential for a 12th, along with a laundry facility, tenant grills, and parking. 3813 Gallatin Pike has four studios, with two in the main building and two in the building behind the main building. There are two studios and five rooms in the main building that need renovating. 3815 Gallatin Pike has six units, with four rooms downstairs with a community kitchen, a community room and two bathrooms, and upstairs there is a studio and a one bedroom apartment. The upstairs units have a separate entrance. 3819 Gallatin Pike is a yellow house with a smaller building behind the main building and contains 8 units. The location offers excellent potential for new construction, such as townhomes, apartment units, or mixed-use developments. The property is located close to East Nashville and has a bus stop out front.
Key Highlights
- Package of 4 lots totaling 1.74 acres with MUL‑A zoning, offering significant redevelopment potential.
- Prime location with 300 feet of frontage on Gallatin Pike, close to East Nashville and public transportation.
- Currently operating as 28 mid and long‑term rental units, providing immediate income.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 37216, TN
18,191
Population
9,574
Households
1.9
Avg Household Size
36
Median Age
57%
College-Educated
96%
High-School Grad
6.7 sq mi
ZIP Area
2,715
Density / Sq Mi
$82,134
Median Household Income
$54,407
Median Earnings
$1,507
Median Rent
$404,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four lots with 28 rentals, potential for more.
Where is this multifamily property located?
The property is located at 3811 Gallatin Pike Nashville, TN.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Package of 4 lots totaling 1.74 acres with MUL‑A zoning, offering significant redevelopment potential.; Prime location with 300 feet of frontage on Gallatin Pike, close to East Nashville and public transportation.; Currently operating as 28 mid and long‑term rental units, providing immediate income.
