Duplex with Fenced Pet
721 Poplar St, Columbia, TN 38401
For Sale
$699,000
Hardwood and tile flooring extend throughout the 3,300-square-foot building.
Property Size3,300 SF
Price / SF$211.82
Days on Market49
Property Features for 721 Poplar St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Gross Income
Highway Access
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
pet runs
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Town & Country REALTORS
(931) 380-1820
Listed By:
Jimmy Campbell · License #337235
(931) 626-6060
Source:
Concordrealty
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 4:58PM
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 Town & Country REALTORS
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Investment Insights
Based on property information with market context.
Built in 2021, this 3,300-square-foot duplex has hardwood and tile flooring throughout. Separate fenced pet runs serve the property, and leases are in place through the middle of 2027. The layout also allows an owner to occupy one side and rent the other when available.
The property is in Columbia, with access to US 43 and US 31. A play area is across the street, and parking is available on site. The property is zoned CD-3L.
The property is in Columbia, with access to US 43 and US 31. A play area is across the street, and parking is available on site. The property is zoned CD-3L.
Key Highlights
- 3,300‑square‑foot duplex built in 2021
- Leases in place through the middle of 2027
- Separate fenced pet runs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,245
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,900
$644.9K
Cap Rate 7%
$460,643
$460.6K
Cap Rate 9%
$358,278
$358.3K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$46.7K $14.16/SF
− Vacancy
−$664 −$0.20/SF
EGI
$46.1K $13.96/SF
− OpEx
−$13.8K −$4.19/SF
NOI
$32.2K $9.77/SF
Area
Maury County, TN
Vacancy
1.42%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,900
Cap Rate 7%
$460,643
Cap Rate 9%
$358,278
Alternative Uses
Best Use
Multifamily LT 5
$460.6K
$403.1K – $537.4K
NOI $32,245 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$401.5K
$351.3K – $468.4K
NOI $28,104 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$851.3K
$744.9K – $993.2K
NOI $59,590 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 38401, TN
63,075
Population
28,470
Households
2.2
Avg Household Size
40
Median Age
24%
College-Educated
92%
High-School Grad
296.7 sq mi
ZIP Area
213
Density / Sq Mi
$69,467
Median Household Income
$42,314
Median Earnings
$1,084
Median Rent
$295,200
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 - Hardwood and tile flooring extend throughout the 3,300-square-foot building.
Where is this duplex located?
The property is located at 721 Poplar St Columbia, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,300‑square‑foot duplex built in 2021; Leases in place through the middle of 2027; Separate fenced pet runs
