Duplex with Central
For Sale
$365,000
634 Anderson Ln, Madison, TN 37115
Two-unit residential income property with central heating and air conditioning in Madison.
Property Size2,000 SF
Price / SF$182.50
Days on Market41
Property Features for 634 Anderson Ln
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
R7.5
Net Operating Income
$32,339
Taxes and HOA fees
Annual Taxes
$3,505
Amenities
Central Air
Central
Assigned, Driveway, Gravel
Building Details
Building Size
2,000 SF
Year Built
1967
Stories
2
Listing Agency:
(615) 430-6861
Listed By:
Sher Powers
(615) 430-6861
Source:
Evrealestate
Added: Jun 27
Changed: Aug 2
Last Checked: Aug 6 at 5:06AM
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 Sher Powers
Investment Insights
Based on property information with market context.
This duplex contains approximately 2,000 square feet and was built in 1967. The property includes central heating and air conditioning, with assigned parking and a gravel driveway serving the residence. R7.5 zoning supports its residential classification.
Located at 634 Anderson Ln in Madison, Tennessee, the property is accessed from Anderson Lane via Gallatin Road and Old Hickory Boulevard. Tenant privacy is required, with visits limited to scheduled appointments.
Located at 634 Anderson Ln in Madison, Tennessee, the property is accessed from Anderson Lane via Gallatin Road and Old Hickory Boulevard. Tenant privacy is required, with visits limited to scheduled appointments.
Key Highlights
- 2,000‑square‑foot duplex built in 1967
- Central heating and air conditioning
- R7.5 zoning
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 | $36.7k | $18.36 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $34.5k | $17.23 |
| − OpEx | −$10.3k | −$5.17 |
| NOI | $24.1k | $12.06 |
2,000 SF · lease $18.36/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$344.5K
$301.5K – $402.0K
NOI $24,118 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 6.09%
Theoretical Best
Warehouse
$2.42M
$2.12M – $2.82M
NOI $169,492 @ 7.0% cap · market cap 46.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with central heating and air conditioning in Madison.
Where is this duplex located?
The property is located at 634 Anderson Ln Madison, TN.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,000‑square‑foot duplex built in 1967; Central heating and air conditioning; R7.5 zoning
