Multifamily
For Sale
Contact for pricing
905 TRICE DR, Nashville, TN 37209
Multifamily property located in Nashville, Tennessee.
Property Size781 SF
Price / SF$364.92
Days on Market37
Property Features for 905 TRICE DR
General Information
Standard status
Active
Size
781 SF
Property subtype
Multifamily
Listing Agency:
Hollingsworth Homes Real Estate
Listed By:
Michelle Hollingsworth · License #256286
Source:
Crexi
Added: Sep 15
Changed: Oct 14
Last Checked: Oct 20 at 7:58PM
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 Hollingsworth Homes Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property contains 781 square feet and is located at 905 Trice Drive in Nashville, Tennessee.
Key Highlights
- 781 SF multifamily property
- Located at 905 Trice Drive in Nashville, TN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,141
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,820
$162.8K
Cap Rate 7%
$116,300
$116.3K
Cap Rate 9%
$90,456
$90.5K
Market Conditions
NOI Build-Up for 781 SF
Gross rent
$15.9K $20.40/SF
− Vacancy
−$1.1K −$1.45/SF
EGI
$14.8K $18.95/SF
− OpEx
−$6.7K −$8.53/SF
NOI
$8.1K $10.42/SF
Area
ZIP 37209
Vacancy
7.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,820
Cap Rate 7%
$116,300
Cap Rate 9%
$90,456
Alternative Uses
Best Use
Apartment 5plus
$116.3K
$101.8K – $135.7K
NOI $8,141 @ 7.0% cap · market cap 2.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.5K
$176.3K – $235.1K
NOI $14,103 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 37209, TN
40,498
Population
21,421
Households
1.9
Avg Household Size
32
Median Age
57%
College-Educated
92%
High-School Grad
33.6 sq mi
ZIP Area
1,205
Density / Sq Mi
$75,810
Median Household Income
$48,965
Median Earnings
$1,580
Median Rent
$495,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property located in Nashville, Tennessee.
Where is this multifamily property located?
The property is located at 905 TRICE DR Nashville, TN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 781 SF multifamily property; Located at 905 Trice Drive in Nashville, TN
