Renovated Duplex
For Sale
$1,599,900
501 Cedarmont Dr, Antioch, TN 37013
Two separate lots contain four extensively updated residential units with new roofs, HVAC systems, and a fenced backyard.
Property Size5,600 SF
Price / SF$285.70
Days on Market39
Property Features for 501 Cedarmont Dr
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 4BR/4BA
Multifamily Units
4
Additional Details
Gross Income
$119,000
Building Details
Year Built
1983
Buildings
2
Listing Agency:
Benchmark Realty, LLC
(615) 618-7232
Listed By:
Martin Lovelace
Source:
Dreamdoorstn
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 29 at 12:35PM
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 Benchmark Realty, LLC
Investment Insights
Based on property information with market context.
This duplex property comprises four residential units totaling 5,600 square feet. Each unit offers four bedrooms and four bathrooms, with renovations completed before leasing. The improvements include new roofs, HVAC systems, and a fenced backyard, creating a substantially updated configuration across the property.
The offering includes two separate lots and the units identified as 501, 503, 505, and 507 Cedarmont Dr in Antioch, Tennessee. Built in 1983, the property combines a duplex configuration with four renovated four-bedroom residences at one location.
The offering includes two separate lots and the units identified as 501, 503, 505, and 507 Cedarmont Dr in Antioch, Tennessee. Built in 1983, the property combines a duplex configuration with four renovated four-bedroom residences at one location.
Key Highlights
- Four 4‑bedroom, 4‑bathroom units
- 5,600 square feet across the property
- Two separate lots included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,531
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,620
$1.4M
Cap Rate 7%
$964,729
$964.7K
Cap Rate 9%
$750,344
$750.3K
Market Conditions
NOI Build-Up for 5,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$102.8K $18.36/SF
− Vacancy
−$6.3K −$1.13/SF
EGI
$96.5K $17.23/SF
− OpEx
−$28.9K −$5.17/SF
NOI
$67.5K $12.06/SF
Area
Davidson County, TN
Vacancy
6.17%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,350,620
Cap Rate 7%
$964,729
Cap Rate 9%
$750,344
Alternative Uses
Best Use
Multifamily LT 5
$964.7K
$844.1K – $1.13M
NOI $67,531 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$888.6K
$777.6K – $1.04M
NOI $62,204 @ 7.0% cap · market cap 3.89%
Theoretical Best
Warehouse
$6.78M
$5.93M – $7.91M
NOI $474,578 @ 7.0% cap · market cap 29.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 37013, TN
96,379
Population
41,112
Households
2.3
Avg Household Size
32
Median Age
30%
College-Educated
84%
High-School Grad
39.2 sq mi
ZIP Area
2,459
Density / Sq Mi
$72,233
Median Household Income
$40,747
Median Earnings
$1,450
Median Rent
$294,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate lots contain four extensively updated residential units with new roofs, HVAC systems, and a fenced backyard.
Where is this duplex located?
The property is located at 501 Cedarmont Dr Antioch, TN.
What is the asking price?
The asking price for this property is $1,599,900.
What are key features of this property?
This property features: Four 4‑bedroom, 4‑bathroom units; 5,600 square feet across the property; Two separate lots included
