Duplex with Private
For Sale
$450,000
536 Raleigh Dr, Hermitage, TN 37076
One unit is vacant, while the other has a tenant in place, providing two distinct occupancy options.
Property Size1,325 SF
Price / SF$339.62
Days on Market12
Property Features for 536 Raleigh Dr
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,645
Building Details
Construction
brick
Tenancy
Single
Listing Agency:
William Wilson Homes
(615) 267-3922
Listed By:
Jaden Ismael Porto
(615) 579-5376
Source:
Exprealty
Added: Sep 26
Changed: Oct 6
Last Checked: Oct 5 at 10:16PM
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 William Wilson Homes
Investment Insights
Based on property information with market context.
This 1,325-square-foot duplex in Hermitage has a one-level layout, brick exterior, separate driveways, and private entrances. One side is vacant and the other is leased. Interior features include white kitchen cabinetry, granite countertops, stainless steel appliances, updated fixtures, and a bathroom with a tiled tub and shower surround. Additional outdoor space is located behind the property.
Key Highlights
- 1,325‑square‑foot duplex in Hermitage
- One side is vacant; the other is leased
- Separate driveways and private entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,978
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,560
$319.6K
Cap Rate 7%
$228,257
$228.3K
Cap Rate 9%
$177,533
$177.5K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$24.3K $18.36/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$22.8K $17.23/SF
− OpEx
−$6.8K −$5.17/SF
NOI
$16.0K $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 Rate 5%
$319,560
Cap Rate 7%
$228,257
Cap Rate 9%
$177,533
Alternative Uses
Best Use
Multifamily LT 5
$228.3K
$199.7K – $266.3K
NOI $15,978 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,718 @ 7.0% cap · market cap 3.27%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $112,289 @ 7.0% cap · market cap 24.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is vacant, while the other has a tenant in place, providing two distinct occupancy options.
Where is this duplex located?
The property is located at 536 Raleigh Dr Hermitage, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,325‑square‑foot duplex in Hermitage; One side is vacant; the other is leased; Separate driveways and private entrances
