Newly Built Townhome
5754 River Rd Nashville, TN 37209
For Sale
$1,185,000
Three newly constructed townhomes, each with 2 beds, 2.5 baths, and two parking spaces, are individually deeded and metered.
Property Size3,273 SF
Price / SF$362.05
Days on Market561
Property Features for 5754 River Rd
General Information
- Standard status
- Active
- Size
- 3,273 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2023
Listing Agency:
Compass Tennessee, LLC
(615) 509-7166
Listed By:
Erin Krueger · License #309197
(615) 509-7166
Source:
Exitrealty
Added: Jan 8, 2025
Changed: Jul 22
Last Checked: Jul 23 at 9:23AM
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 Compass Tennessee, LLC
Investment Insights
Based on property information with market context.
This offering includes three newly constructed townhomes at 104, 106, and 114 Stella Dr. Each home is configured with 2 bedrooms and 2.5 bathrooms and includes 1,091 sq. ft. of living space. Units also provide two parking spaces, are individually deeded, and are separately metered. The refrigerator is included, and washer/dryer hookups are available, with a builder warranty provided at closing.
The community is described as being located off the Cumberland River, with walking trails and a dog park for residents. The remarks also note proximity to greenways, shopping, and restaurants in West Nashville.
Rental flexibility is noted with a 30-day minimum rental period or a 12-month lease option. The property is marketed as a builder closeout, with “blue tape” and builder warranty provided at closing.
The community is described as being located off the Cumberland River, with walking trails and a dog park for residents. The remarks also note proximity to greenways, shopping, and restaurants in West Nashville.
Rental flexibility is noted with a 30-day minimum rental period or a 12-month lease option. The property is marketed as a builder closeout, with “blue tape” and builder warranty provided at closing.
Key Highlights
- Newly built (2023) townhomes at 104, 106 & 114 Stella Dr in West Nashville
- 3 individual townhomes; each unit offers 2 beds, 2.5 baths, and 1,091 SF of living space
- Each unit includes 2 parking spaces
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 | $57.0k | $17.40 |
| − Vacancy | −$3.8k | −$1.17 |
| EGI | $53.1k | $16.23 |
| − OpEx | −$15.9k | −$4.87 |
| NOI | $37.2k | $11.36 |
3,273 SF · lease $17.40/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$531.1K
$464.7K – $619.6K
NOI $37,178 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$487.4K
$426.5K – $568.6K
NOI $34,116 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$844.3K
$738.8K – $985.1K
NOI $59,103 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sage Run Development ...
Housing Development
FAQs
What type of property is this?
Triplex - Three newly constructed townhomes, each with 2 beds, 2.5 baths, and two parking spaces, are individually deeded and metered.
Where is this triplex located?
The property is located at 5754 River Rd Nashville, TN.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Newly built (2023) townhomes at 104, 106 & 114 Stella Dr in West Nashville; 3 individual townhomes; each unit offers 2 beds, 2.5 baths, and 1,091 SF of living space; Each unit includes 2 parking spaces
