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    601 Ries Ave Nashville, TN 37209

    Source: https://www.intero.com
    For Sale
    $3,195,000

    OWNER FINANCING OFFERED!! 5 Unit Luxury Complex For Sale

    Property size:
    9,644 SF

    Description

    Added:
    May 28, 2025
    Days on Market:
    196
    OWNER FINANCING OFFERED!! 5 unit luxury complex, all units FULLY FURNISHED!! Each unit features 3 bedroom, 3.5 bath 1950 square foot floorplan that is fully furnished. All furniture pictured is current. The kitchens have granite countertops, stainless steel appliances, pots, pans, plates, all kitchen utensils, appliances included with a washer and dryer as well. All tile bathrooms, showers with double vanity sinks. Each townhome has a two-car garage and is located conveniently to downtown Nashville. Property currently with STR permits but can utilized as a long-term rental as well. This is a turnkey property that is ready to go. Owner to offer up to $1,000,000.00 in owner financing with acceptable offer.

    Property Features for 601 Ries Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    9,644 SF
    Price / Square Foot
    $331
    Total Parking Spaces
    2
    Elevators
    N/A
    Net Operating Income
    $160,000

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    3
    Units
    5
    Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    State
    Tennessee
    Longitude
    -86.8732059
    Latitude
    36.1595248

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    FAQs

    What type of property is this?
    Multifamily property - OWNER FINANCING OFFERED!! 5 Unit Luxury Complex For Sale
    Where is this multifamily property located?
    The property is located at 601 Ries Ave Nashville, TN.
    What is the asking price?
    The asking price for this property is $3,195,000.
    (408) 342-8696
    Request Owner's contact information
    601 Ries Ave Nashville, TN 37209
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    Nashville, TN 37209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    601 Ries Ave Nashville, TN 37209
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