Gallatin Pike Multifamily Investment
For Sale
$4,750,000
3815 Gallatin Pike, Nashville, TN 37216
Four-lot package with 28 units, development potential in East Nashville.
Property Size2,044 SF
Lot Size1.74 Acres
Price / SF$2,323
Days on Market228
Property Features for 3815 Gallatin Pike
General Information
Standard status
Active
Size
2,044 SF
Lot size
1.74 Acres
Building Details
Year Built
1907
Listing Agency:
Oyster Real Estate Advisors
Listed By:
Wyatt Wallace · License #342967
(615) 549-6844
Source:
Shearonsellsteam
Added: Mar 5
Changed: Oct 7
Last Checked: Oct 19 at 12:24PM
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
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Investment Insights
Based on property information with market context.
This unique property comprises 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. Located on Gallatin Pike, the site is positioned near East Nashville, with a bus stop conveniently located in front of the property. 3811 Gallatin Pike is currently rented out by the room, featuring shared kitchens and baths. This building hosts 11 units, with the potential for a 12th, along with a laundry facility, tenant grills, and parking. 3813 Gallatin Pike contains 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 and are not in inventory. 3815 Gallatin Pike has four rooms downstairs with a community kitchen, a community room, and two bathrooms. Upstairs, there is a studio and a one-bedroom apartment, accessible via a separate entrance. 3819 Gallatin Pike includes a yellow house with a smaller building behind it, totaling eight units. The location offers excellent potential for new construction, such as townhomes, apartment units, or mixed-use developments.
Key Highlights
- Package of 4 lots totaling 1.74 acres with MUL‑A zoning, offering excellent potential for new construction.
- Boasts prime frontage of 300 feet on Gallatin Pike.
- Currently operating as 28 mid and long‑term rental units with potential for more through renovation.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four-lot package with 28 units, development potential in East Nashville.
Where is this multifamily property located?
The property is located at 3815 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 excellent potential for new construction.; Boasts prime frontage of 300 feet on Gallatin Pike.; Currently operating as 28 mid and long‑term rental units with potential for more through renovation.
