Duplex with Central
634 Anderson Ln, Madison, TN 37115
For Sale
$365,000
Two-unit residential income property with central heating and air conditioning in Madison.
Property Size2,000 SF
Price / SF$182.50
Days on Market99
Property Features for 634 Anderson Ln
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Urbane Residential Specialists
Listed By:
Sher Powers
(615) 430-6861
Source:
Grayfoxrealty
Added: Aug 1
Changed: Oct 25
Last Checked: Oct 7 at 5:21PM
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 Urbane Residential Specialists
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,118
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$482,360
$482.4K
Cap Rate 7%
$344,543
$344.5K
Cap Rate 9%
$267,978
$268.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.7K $18.36/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$34.5K $17.23/SF
− OpEx
−$10.3K −$5.17/SF
NOI
$24.1K $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%
$482,360
Cap Rate 7%
$344,543
Cap Rate 9%
$267,978
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.
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Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
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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
$271,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Davidson County, TN
Properties on Market for Duplexes in Davidson County
Vacancy Rate% for Multifamily in South region
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
