Historic Mixed-Use
411 N Maney Ave, Murfreesboro, TN 37130
For Sale
$702,900
Interior rooms, an updated kitchen and multiple baths support a flexible configuration in a National Register-listed historic district.
Property Size2,788 SF
Lot Size0.22 Acres
Price / SF$252.12
Days on Market74
Property Features for 411 N Maney Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
United Real Estate Middle Tennessee
Listed By:
Rabeeh Elassal · License #352604
(615) 414-3573
Source:
Thevillerealestate
Added: Aug 27
Changed: Nov 7
Last Checked: Nov 7 at 6:02PM
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 United Real Estate Middle Tennessee
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Investment Insights
Based on property information with market context.
Built in 1927, this 2,788-square-foot property occupies a 0.22-acre parcel and features Queen Anne and Folk Victorian influences. The interior includes a foyer, 12-foot ceilings, hardwood flooring, pocket doors, transoms, period millwork, an updated kitchen, a sunporch, and five full baths and two half baths. Front and rear porches, a courtyard with a pond, and a detached three-car garage with workshop and storage add to the property’s physical amenities. The layout previously accommodated bed-and-breakfast and Airbnb operations.
The property is within the National Register-listed North Maney Avenue Historic District in downtown Murfreesboro. It is a few blocks from the Downtown Square and near MTSU, restaurants, retail, and professional services.
The property is within the National Register-listed North Maney Avenue Historic District in downtown Murfreesboro. It is a few blocks from the Downtown Square and near MTSU, restaurants, retail, and professional services.
Key Highlights
- 2,788 square feet on a 0.22‑acre parcel
- Built in 1927 with Queen Anne and Folk Victorian architectural influences
- Five full baths and two half baths; updated kitchen and sunporch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,431
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,620
$648.6K
Cap Rate 7%
$463,300
$463.3K
Cap Rate 9%
$360,344
$360.3K
Market Conditions
NOI Build-Up for 2,788 SF
Gross rent
$55.2K $19.80/SF
− Vacancy
−$3.3K −$1.19/SF
EGI
$51.9K $18.61/SF
− OpEx
−$19.5K −$6.98/SF
NOI
$32.4K $11.63/SF
Area
Murfreesboro, TN
Vacancy
6.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,620
Cap Rate 7%
$463,300
Cap Rate 9%
$360,344
Alternative Uses
Best Use
Mixed Use
$463.3K
$405.4K – $540.5K
NOI $32,431 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$702.9K
$615.0K – $820.0K
NOI $49,200 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,026
Businesses Nearby
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Business Placement
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Interior rooms, an updated kitchen and multiple baths support a flexible configuration in a National Register-listed historic district.
Where is this mixed-use property located?
The property is located at 411 N Maney Ave Murfreesboro, TN.
What is the asking price?
The asking price for this property is $702,900.
What are key features of this property?
This property features: 2,788 square feet on a 0.22‑acre parcel; Built in 1927 with Queen Anne and Folk Victorian architectural influences; Five full baths and two half baths; updated kitchen and sunporch
