Turnkey All-Brick
For Sale
$375,000
721 Kent Dr, Lebanon, TN 37087
Fully renovated all-brick duplex with two 2-bedroom, 1-bath units and individual utility meters.
Property Size1,682 SF
Price / SF$222.95
Days on Market100
Property Features for 721 Kent Dr
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
washer/dryer hookups
individual utility meters
Building Details
Year Built
1967
Construction
brick
Listing Agency:
Discover Realty & Auction, LLC
Listed By:
Lindsey Whitaker · License #320252
(615) 476-0285
Source:
Shearonsellsteam
Added: Jul 18
Changed: Oct 8
Last Checked: Oct 24 at 7:05PM
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 Discover Realty & Auction, LLC
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Investment Insights
Based on property information with market context.
Turnkey, income-producing all-brick duplex with two fully updated residential units. Each unit offers 2 bedrooms and 1 full bathroom, with interior updates that include wood and laminate flooring. The property has durable, low-maintenance finishes and includes shared washer and dryer hookups, along with individual utility meters for each unit.
Significant capital improvements have been completed by the current owner, including a new roof in 2020 and brand-new HVAC systems in 2024 and 2025. Tenants are responsible for all utilities, including electricity, water, sewer, and lawn care.
This is a self-contained rental setup designed for straightforward operations, with a fully renovated duplex configuration and separate metering for each unit.
Significant capital improvements have been completed by the current owner, including a new roof in 2020 and brand-new HVAC systems in 2024 and 2025. Tenants are responsible for all utilities, including electricity, water, sewer, and lawn care.
This is a self-contained rental setup designed for straightforward operations, with a fully renovated duplex configuration and separate metering for each unit.
Key Highlights
- All‑brick duplex built in 1967 with two 2‑bedroom, 1‑bath units
- Fully renovated interiors with updated flooring including wood and laminate
- New roof in 2020 plus brand‑new HVAC systems in 2024 and 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,831
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
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
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 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 5.29%
Second Best
Apartment 5plus
$263.1K
$230.2K – $307.0K
NOI $18,417 @ 7.0% cap · market cap 4.91%
Theoretical Best
Warehouse
$2.21M
$1.93M – $2.57M
NOI $154,395 @ 7.0% cap · market cap 41.17%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated all-brick duplex with two 2-bedroom, 1-bath units and individual utility meters.
Where is this duplex located?
The property is located at 721 Kent Dr Lebanon, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: All‑brick duplex built in 1967 with two 2‑bedroom, 1‑bath units; Fully renovated interiors with updated flooring including wood and laminate; New roof in 2020 plus brand‑new HVAC systems in 2024 and 2025
