Leased Duplex on Corner
517 Woods Dr Columbia, TN 38401
517 Woods Dr, Columbia, TN, 38401
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For Sale
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Well-maintained duplex with two leased units and off-street parking on a large corner lot.
Property Size1,625 SF
Price / SF$246.15
Days on Market57
Property Features for 517 Woods Dr
General Information
- Standard status
- Active
- Size
- 1,625 SF
- Property subtype
- Retail, Multifamily
Listing agency
United Country Columbia Realty & Auction
Listed by
Jake Grizzard · License #TN
Source
Crexi
Added: May 26 Updated: Jul 21 at 12:47AM Checked: Jul 21 at 12:47AM
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 Country Columbia Realty & Auction
Investment Insights
Based on property information with market context.
517 Woods Dr is a well-maintained duplex situated on a large corner lot. The property consists of two separate units, and each side features a 2-bedroom, 1-bath layout with functional floor plans.
Both units are currently leased, providing immediate occupancy. Off-street parking is available for tenants, supporting convenient day-to-day access.
With the duplex in place and both sides occupied, the property is positioned for an investor seeking an income-producing residential income asset with low exterior maintenance requirements. Showings are available with 48 hours’ notice; please do not disturb tenants.
Both units are currently leased, providing immediate occupancy. Off-street parking is available for tenants, supporting convenient day-to-day access.
With the duplex in place and both sides occupied, the property is positioned for an investor seeking an income-producing residential income asset with low exterior maintenance requirements. Showings are available with 48 hours’ notice; please do not disturb tenants.
Key Highlights
- Well‑maintained duplex at 517 Woods Drive in Columbia, TN, on a large corner lot
- Both units currently leased, providing immediate income potential with no initial leasing needed
- Each side is a 2‑bedroom, 1‑bath layout with functional floor plans
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.0k | $14.16 |
| − Vacancy | −$327 | −$0.20 |
| EGI | $22.7k | $13.96 |
| − OpEx | −$6.8k | −$4.19 |
| NOI | $15.9k | $9.77 |
1,625 SF · lease $14.16/SF/yr · vacancy 1.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$226.8K
$198.5K – $264.6K
NOI $15,878 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$197.7K
$173.0K – $230.7K
NOI $13,839 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$476.4K
$416.8K – $555.8K
NOI $33,345 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two leased units and off-street parking on a large corner lot.
Where is this duplex located?
The property is located at 517 Woods Dr Columbia, TN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Well‑maintained duplex at 517 Woods Drive in Columbia, TN, on a large corner lot; Both units currently leased, providing immediate income potential with no initial leasing needed; Each side is a 2‑bedroom, 1‑bath layout with functional floor plans
