Rehabilitated All-Brick
For Sale
$335,000
715 Kent Dr, Lebanon, TN 37087
All-brick duplex with updated interiors, individual two-bedroom residences, and shared laundry hookups.
Property Size1,682 SF
Days on Market19
Property Features for 715 Kent Dr
General Information
Standard status
Active
Size
1,682 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
RM6
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,951
Amenities
shared washer/dryer hookup
Building Details
Building Size
1,682 SF
Year Built
1967
Buildings
1
Stories
1
Units
2
Construction
brick
Listing Agency:
Agee & Johnson Realty & Auction, Inc
(615) 585-5453
Listed By:
Taylor Vandever · License #333220
(615) 585-5453
Source:
Reason4homes
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 10 at 12:16PM
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 Agee & Johnson Realty & Auction, Inc
Investment Insights
Based on property information with market context.
This all-brick duplex contains two 2BR/1BA units and has undergone a full rehabilitation by the current owner. Each residence includes access to a shared washer/dryer hookup located between the units. The roof was replaced in 2020, and the property was built in 1967.
Located at 715 Kent Dr in Lebanon, Tennessee, the property carries RM6 zoning. Tenants are responsible for electric, water, and sewer service, while landlord responsibilities identified in the property information include lawn care and repairs. Additional duplexes at 713, 717, and 719 Kent Drive may be purchased together as a package.
Located at 715 Kent Dr in Lebanon, Tennessee, the property carries RM6 zoning. Tenants are responsible for electric, water, and sewer service, while landlord responsibilities identified in the property information include lawn care and repairs. Additional duplexes at 713, 717, and 719 Kent Drive may be purchased together as a package.
Key Highlights
- Two 2BR/1BA units
- All‑brick construction
- Full rehabilitation completed by the current owner
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,620
$396.6K
Cap Rate 7%
$283,300
$283.3K
Cap Rate 9%
$220,344
$220.3K
Market Conditions
NOI Build-Up for 1,682 SF
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.
Gross rent
$30.1K $17.88/SF
− Vacancy
−$1.7K −$1.04/SF
EGI
$28.3K $16.84/SF
− OpEx
−$8.5K −$5.05/SF
NOI
$19.8K $11.79/SF
Area
Wilson County, TN
Vacancy
5.80%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$396,620
Cap Rate 7%
$283,300
Cap Rate 9%
$220,344
Alternative Uses
Best Use
Multifamily LT 5
$283.3K
$247.9K – $330.5K
NOI $19,831 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 5.50%
Theoretical Best
Warehouse
$2.21M
$1.93M – $2.57M
NOI $154,395 @ 7.0% cap · market cap 46.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 37087, TN
51,658
Population
21,800
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
164.9 sq mi
ZIP Area
313
Density / Sq Mi
$80,978
Median Household Income
$43,253
Median Earnings
$1,134
Median Rent
$359,900
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 - All-brick duplex with updated interiors, individual two-bedroom residences, and shared laundry hookups.
Where is this duplex located?
The property is located at 715 Kent Dr Lebanon, TN.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Two 2BR/1BA units; All‑brick construction; Full rehabilitation completed by the current owner
