Two-Unit
810 E Vine St, Murfreesboro, TN 37130
For Sale
$279,900
A three-bedroom, one-bath unit occupies the lower level, with a one-bedroom, one-bath residence upstairs.
Property Size1,710 SF
Price / SF$163.68
Days on Market32
Property Features for 810 E Vine St
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Exit Realty Bob Lamb & Associates
Listed By:
Geoffrey Jones
(615) 796-5957
Source:
Findyournashvilleareahome
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 7 at 4:57PM
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 Exit Realty Bob Lamb & Associates
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,710-square-foot duplex contains two residences: a three-bedroom, one-bath unit on the lower level and a one-bedroom, one-bath unit above. Both units are occupied, and tenants pay their own utilities.
Key Highlights
- Two‑unit duplex with 1,710 square feet
- Lower residence has 3 bedrooms and 1 bathroom
- Upper residence has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,610
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,200
$312.2K
Cap Rate 7%
$223,000
$223.0K
Cap Rate 9%
$173,444
$173.4K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$23.6K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.3K $13.04/SF
− OpEx
−$6.7K −$3.91/SF
NOI
$15.6K $9.13/SF
Area
Murfreesboro, TN
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$312,200
Cap Rate 7%
$223,000
Cap Rate 9%
$173,444
Alternative Uses
Best Use
Multifamily LT 5
$223.0K
$195.1K – $260.2K
NOI $15,610 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$200.6K
$175.6K – $234.1K
NOI $14,045 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
747
Businesses Nearby
Explore this area
Business Placement
Demographics for 37130, TN
59,677
Population
25,838
Households
2.3
Avg Household Size
32
Median Age
37%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
1,103
Density / Sq Mi
$60,389
Median Household Income
$37,710
Median Earnings
$1,157
Median Rent
$347,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - A three-bedroom, one-bath unit occupies the lower level, with a one-bedroom, one-bath residence upstairs.
Where is this duplex located?
The property is located at 810 E Vine St Murfreesboro, TN.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,710 square feet; Lower residence has 3 bedrooms and 1 bathroom; Upper residence has 1 bedroom and 1 bathroom
