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Mixed-Use Property with Furnished Units

400 & 404 Douglas Ave, Nashville, TN 37207

For Sale
Contact for pricing

Permitted short-term rental residences share the property with a commercial space that offers a leasing opportunity.

Property SizeContact for details
Days on Market20

Property Features for 400 & 404 Douglas Ave

General Information

Standard status Active
Property subtype Multifamily, Mixed Use

Site & Location

Neighborhood East Nashville

Additional Details

Furnished Yes
Multifamily Units 16
Listing Agency: Parks Realty
Listed By: Pete Jones · License #TN 324814
Source: Crexi
Added: Oct 21 Changed: Nov 8 Last Checked: Nov 8 at 5:41PM

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 Parks Realty

Rey
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Investment Insights

Based on property information with market context.

At 400 & 404 Douglas Ave, this mixed-use property combines 16 furnished residential units configured for short-term rentals with a commercial space. Short-term rental permits are in place, and the residential component has professional management. The commercial area presents a separate leasing opportunity.

The property is in East Nashville’s Cleveland Park neighborhood, described as walkable and near downtown. The address places the asset within an established residential area with both lodging and commercial components.

Key Highlights

  • 16 furnished residential units set up for short‑term rentals
  • Short‑term rental permits are in place
  • Separate commercial space with a leasing opportunity

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Part-Time Lover Salon Hair Salon

Suggested Use

Top Pick Law Firm Pharmacy Accounting Firm Carpet & Flooring Store Locksmith Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

459
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Nashville, TN

$655 Jul
$614 Aug
$418 Sep
$499 Oct

Properties on Market for Mixed-use properties in Nashville

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Permitted short-term rental residences share the property with a commercial space that offers a leasing opportunity.
Where is this mixed-use property located?
The property is located at 400 & 404 Douglas Ave Nashville, TN.
What is the asking price?
The asking price for this property is $8,875,000.
What are key features of this property?
This property features: 16 furnished residential units set up for short‑term rentals; Short‑term rental permits are in place; Separate commercial space with a leasing opportunity
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