3-Bedroom Duplex with
For Sale
$272,000
811 Netherlands Dr, Hermitage, TN 37076
Renovated kitchen, private patio, and spacious yard support comfortable residential use in a two-unit property.
Property Size1,135 SF
Price / SF$239.65
Days on Market50
Property Features for 811 Netherlands Dr
General Information
Standard status
Active
Size
1,135 SF
Property subtype
Zero Lot Line
Additional Details
Multifamily Units
2
Amenities
fireplace
newly renovated kitchen
granite countertops
stainless steel appliances
new LVP flooring
tile bathrooms
sliding glass door
cement patio
large back yard
extra large driveway
washer/dryer included
Building Details
Year Built
1986
Listing Agency:
Realty One Group Music City
Listed By:
Cathy Lemmon 6155890777 · License #352577
(615) 589-0777
Source:
Nashvillehomefinderonline
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 28 at 8:28AM
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 Realty One Group Music City
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Investment Insights
Based on property information with market context.
This 3-bedroom, 2-bath duplex home offers 1,135 square feet of living space and was built in 1986. Interior features include a living-room fireplace, a renovated kitchen with granite countertops and stainless steel appliances, LVP flooring, and tiled bathrooms. A 1-year-new Whirlpool washer and dryer are included in a dedicated enclosed closet.
The primary bedroom opens through a sliding glass door to a concrete patio overlooking the large backyard. The extra-wide driveway accommodates two vehicles parked in tandem, with additional street parking also available. The property is near Tulip Grove Elementary and DuPont Hadley Middle Schools, approximately 5 minutes from Tri-Star Summit hospital and Super Walmart, 10 minutes from the airport, and 15 minutes from downtown Nashville. Kroger, Publix, Ross, Burlington Coat Factory, restaurants, and other shopping are also about 5 minutes away.
The primary bedroom opens through a sliding glass door to a concrete patio overlooking the large backyard. The extra-wide driveway accommodates two vehicles parked in tandem, with additional street parking also available. The property is near Tulip Grove Elementary and DuPont Hadley Middle Schools, approximately 5 minutes from Tri-Star Summit hospital and Super Walmart, 10 minutes from the airport, and 15 minutes from downtown Nashville. Kroger, Publix, Ross, Burlington Coat Factory, restaurants, and other shopping are also about 5 minutes away.
Key Highlights
- 3‑bedroom, 2‑bath duplex with 1,135 square feet
- Renovated kitchen with granite countertops and stainless steel appliances
- 1‑year‑new Whirlpool washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,687
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,740
$273.7K
Cap Rate 7%
$195,529
$195.5K
Cap Rate 9%
$152,078
$152.1K
Market Conditions
NOI Build-Up for 1,135 SF
Gross rent
$20.8K $18.36/SF
− Vacancy
−$1.3K −$1.13/SF
EGI
$19.6K $17.23/SF
− OpEx
−$5.9K −$5.17/SF
NOI
$13.7K $12.06/SF
Area
Davidson County, TN
Vacancy
6.17%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,740
Cap Rate 7%
$195,529
Cap Rate 9%
$152,078
Alternative Uses
Best Use
Multifamily LT 5
$195.5K
$171.1K – $228.1K
NOI $13,687 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$180.1K
$157.6K – $210.1K
NOI $12,607 @ 7.0% cap · market cap 4.63%
Theoretical Best
Warehouse
$1.37M
$1.20M – $1.60M
NOI $96,187 @ 7.0% cap · market cap 35.36%
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
86
Businesses Nearby
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Business Placement
Demographics for 37076, TN
39,326
Population
19,235
Households
2
Avg Household Size
37
Median Age
40%
College-Educated
95%
High-School Grad
27.8 sq mi
ZIP Area
1,415
Density / Sq Mi
$74,555
Median Household Income
$50,286
Median Earnings
$1,438
Median Rent
$348,300
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 - Renovated kitchen, private patio, and spacious yard support comfortable residential use in a two-unit property.
Where is this duplex located?
The property is located at 811 Netherlands Dr Hermitage, TN.
What is the asking price?
The asking price for this property is $272,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex with 1,135 square feet; Renovated kitchen with granite countertops and stainless steel appliances; 1‑year‑new Whirlpool washer and dryer included
