Duplex with Two-Bedroom
For Sale
$624,500
708 S 14th St, Nashville, TN 37206
Both residences have separate utility meters and are currently leased.
Property Size1,742 SF
Lot Size0.18 Acres
Price / SF$358.50
Days on Market87
Property Features for 708 S 14th St
General Information
Standard status
Active
Size
1,742 SF
Lot size
0.18 Acres
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1987
Listing Agency:
Oyster Real Estate Advisors
Listed By:
Chad Lautt · License #338510
(615) 777-2800
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 7 at 3:33PM
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 Oyster Real Estate Advisors
Investment Insights
Based on property information with market context.
Built in 1987, this 1,742-square-foot duplex contains two comparable residences. Each side includes a kitchen, living room, two bedrooms, one bathroom, and laundry hookups within the kitchen area. Separate water and electric meters serve the units, supporting distinct utility arrangements, and both residences are currently leased.
The property occupies a 50x153 lot with alley access and carries HPR deeded status. It is also located within an Opportunity Zone. The Nashville address places the duplex in an established urban residential setting, while the two-unit configuration and individual utility meters provide a clear physical layout for multifamily ownership.
The property occupies a 50x153 lot with alley access and carries HPR deeded status. It is also located within an Opportunity Zone. The Nashville address places the duplex in an established urban residential setting, while the two-unit configuration and individual utility meters provide a clear physical layout for multifamily ownership.
Key Highlights
- Two‑unit duplex with 1,742 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Separate water meters and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,787
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,740
$395.7K
Cap Rate 7%
$282,671
$282.7K
Cap Rate 9%
$219,856
$219.9K
Market Conditions
NOI Build-Up for 1,742 SF
Gross rent
$30.3K $17.40/SF
− Vacancy
−$2.0K −$1.17/SF
EGI
$28.3K $16.23/SF
− OpEx
−$8.5K −$4.87/SF
NOI
$19.8K $11.36/SF
Area
Nashville, TN
Vacancy
6.74%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,740
Cap Rate 7%
$282,671
Cap Rate 9%
$219,856
Alternative Uses
Best Use
Multifamily LT 5
$282.7K
$247.3K – $329.8K
NOI $19,787 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$259.4K
$227.0K – $302.6K
NOI $18,158 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$443.5K
$388.0K – $517.4K
NOI $31,042 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 37206, TN
27,792
Population
14,323
Households
1.9
Avg Household Size
34
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
3,563
Density / Sq Mi
$88,605
Median Household Income
$58,213
Median Earnings
$1,564
Median Rent
$529,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate utility meters and are currently leased.
Where is this duplex located?
The property is located at 708 S 14th St Nashville, TN.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: Two‑unit duplex with 1,742 square feet; Each unit includes 2 bedrooms and 1 bathroom; Separate water meters and electric meters for each unit
