Duplex with Three-Car
For Sale
$429,900
5007A Suter Dr, Nashville, TN 37211
Both residences include two bedrooms, a full kitchen, and recently refreshed bathrooms.
Property Size1,575 SF
Lot Size0.57 Acres
Price / SF$272.95
Days on Market28
Property Features for 5007A Suter Dr
General Information
Standard status
Active
Size
1,575 SF
Total Parking Spaces
3
Lot size
0.57 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Southeast
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1966
Listing Agency:
eXp Realty
(888) 519-5113
Listed By:
Mena Bishai · License #348753
(615) 710-1677
Source:
Movehomenashville
Added: Oct 2
Changed: Oct 29
Last Checked: Oct 29 at 2:40PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This duplex, built in 1966, contains two residences with a combined reported area of 1,575 square feet on a 0.57-acre parcel. Each side has two bedrooms, one full bathroom, a living room, and a full kitchen. Recent work includes interior paint, hard-surface flooring, custom kitchen cabinets, ceramic tile and glass shower enclosures in the bathrooms, and stainless-steel refrigerators and microwaves. Exterior improvements include trimmed mature trees and new landscaping. A three-car carport and additional parking serve the property.
The two units are offered together. Shopping, restaurants, and major Nashville corridors are nearby.
The two units are offered together. Shopping, restaurants, and major Nashville corridors are nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,575 square feet on a 0.57‑acre lot
- Three‑car carport plus additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,657
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,140
$333.1K
Cap Rate 7%
$237,957
$238.0K
Cap Rate 9%
$185,078
$185.1K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$25.5K $16.20/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$23.8K $15.11/SF
− OpEx
−$7.1K −$4.53/SF
NOI
$16.7K $10.58/SF
Area
ZIP 37211
Vacancy
6.74%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,140
Cap Rate 7%
$237,957
Cap Rate 9%
$185,078
Alternative Uses
Best Use
Multifamily LT 5
$238.0K
$208.2K – $277.6K
NOI $16,657 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$206.9K
$181.1K – $241.4K
NOI $14,485 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$461.7K
$404.0K – $538.7K
NOI $32,319 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 37211, TN
81,830
Population
34,650
Households
2.4
Avg Household Size
33
Median Age
43%
College-Educated
86%
High-School Grad
21.7 sq mi
ZIP Area
3,771
Density / Sq Mi
$69,936
Median Household Income
$42,270
Median Earnings
$1,444
Median Rent
$374,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, a full kitchen, and recently refreshed bathrooms.
Where is this duplex located?
The property is located at 5007A Suter Dr Nashville, TN.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,575 square feet on a 0.57‑acre lot; Three‑car carport plus additional parking
