6-Unit Apartment
For Sale
$599,000
613 W 7th St, Columbia, TN 38401
The property contains one-bedroom, one-bath residences with coin-operated laundry on site.
Property Size3,932 SF
Price / SF$152.34
Days on Market85
Property Features for 613 W 7th St
General Information
Standard status
Active
Size
3,932 SF
Property subtype
Multi-Family
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Amenities
coin operated washer dryer
Building Details
Year Built
1900
Listing Agency:
Duck River Realty
Listed By:
Travis R. Kitchen
(615) 856-3171
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Sep 13
Last Checked: Oct 7 at 2:53PM
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 Duck River Realty
Investment Insights
Based on property information with market context.
This 3,932-square-foot apartment building, constructed in 1900, contains six one-bedroom, one-bath units. Four units are occupied and two are vacant, providing a mix of existing occupancy and available units within the property. A coin-operated washer and dryer serve the building.
The property is located at 613 W 7th St in Columbia, Tennessee 38401. Its six-unit configuration and on-site laundry support a straightforward multifamily layout.
The property is located at 613 W 7th St in Columbia, Tennessee 38401. Its six-unit configuration and on-site laundry support a straightforward multifamily layout.
Key Highlights
- Six one‑bedroom, one‑bath apartment units
- 4 units occupied and 2 units empty
- Coin‑operated washer and dryer on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,486
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,720
$669.7K
Cap Rate 7%
$478,371
$478.4K
Cap Rate 9%
$372,067
$372.1K
Market Conditions
NOI Build-Up for 3,932 SF
Gross rent
$61.8K $15.72/SF
− Vacancy
−$927 −$0.24/SF
EGI
$60.9K $15.48/SF
− OpEx
−$27.4K −$6.97/SF
NOI
$33.5K $8.52/SF
Area
Maury County, TN
Vacancy
1.50%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$669,720
Cap Rate 7%
$478,371
Cap Rate 9%
$372,067
Alternative Uses
Best Use
Apartment 5plus
$478.4K
$418.6K – $558.1K
NOI $33,486 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,685 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
983
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property contains one-bedroom, one-bath residences with coin-operated laundry on site.
Where is this apartment building located?
The property is located at 613 W 7th St Columbia, TN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Six one‑bedroom, one‑bath apartment units; 4 units occupied and 2 units empty; Coin‑operated washer and dryer on site
