Residential Income Property with
New
For Sale
$405,000
4216 Hillsboro Pike, Nashville, TN 37215
The 2004 residence offers hardwood floors, updated windows, stainless steel appliances, and a separate room for work or additional living space.
Property Size1,320 SF
Price / SF$306.82
Days on Market5
Property Features for 4216 Hillsboro Pike
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Zero Lot Line
Site & Location
Neighborhood
Green Hills - Midtown
Taxes and HOA fees
Annual Taxes
$3,278
Amenities
fireplace
Building Details
Building Size
1,320 SF
Year Built
2004
Listing Agency:
Fridrich & Clark Realty
Listed By:
Johnna Scott · License #349270
(615) 707-1260
Source:
Fridrichandclark
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 12:49AM
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 Fridrich & Clark Realty
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Investment Insights
Based on property information with market context.
This 1,320-square-foot residential income property features an open living plan, hardwood floors, stainless steel appliances, and a fireplace upstairs. The bedroom is complemented by a separate room with sliding pocket French doors that can serve as an office, study, or additional living area. Windows and toilets have been replaced, the interior has fresh paint, and the HVAC system is 3 years old.
The property is at 4216 Hillsboro Pike in Nashville, within walking distance of shopping and restaurants in Green Hills. The Hill Center, Whole Foods, and Bluebird Cafe are also identified nearby.
The property is at 4216 Hillsboro Pike in Nashville, within walking distance of shopping and restaurants in Green Hills. The Hill Center, Whole Foods, and Bluebird Cafe are also identified nearby.
Key Highlights
- 1,320‑square‑foot residence built in 2004
- Fireplace upstairs and sliding pocket French doors on the separate flex room
- 3‑year‑old HVAC system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,759
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,180
$275.2K
Cap Rate 7%
$196,557
$196.6K
Cap Rate 9%
$152,878
$152.9K
Market Conditions
NOI Build-Up for 1,320 SF
Gross rent
$26.9K $20.40/SF
− Vacancy
−$1.9K −$1.45/SF
EGI
$25.0K $18.95/SF
− OpEx
−$11.3K −$8.53/SF
NOI
$13.8K $10.42/SF
Area
Nashville, TN
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,180
Cap Rate 7%
$196,557
Cap Rate 9%
$152,878
Alternative Uses
Best Use
Apartment 5plus
$196.6K
$172.0K – $229.3K
NOI $13,759 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$336.0K
$294.0K – $392.0K
NOI $23,522 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,446
Businesses Nearby
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Business Placement
Demographics for 37215, TN
23,756
Population
11,281
Households
2.1
Avg Household Size
43
Median Age
81%
College-Educated
99%
High-School Grad
15.3 sq mi
ZIP Area
1,553
Density / Sq Mi
$151,156
Median Household Income
$82,757
Median Earnings
$1,870
Median Rent
$959,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The 2004 residence offers hardwood floors, updated windows, stainless steel appliances, and a separate room for work or additional living space.
Where is this residential income property located?
The property is located at 4216 Hillsboro Pike Nashville, TN.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: 1,320‑square‑foot residence built in 2004; Fireplace upstairs and sliding pocket French doors on the separate flex room; 3‑year‑old HVAC system
