Three-Level Short-Term Rental
For Sale
$597,500
910 Due West Ave, Madison, TN 37115
Three-level property with an operating furnished rental, separate entrances, and additional space for flexible occupancy arrangements.
Property Size3,949 SF
Price / SF$151.30
Days on Market49
Property Features for 910 Due West Ave
General Information
Standard status
Active
Size
3,949 SF
Property subtype
Multi-Family
Additional Details
Business Included
Yes
Amenities
private entrance
full kitchen
cedar closets
updated kitchen with white cabinetry, stainless steel appliances, island, and built-in corner unit
mature trees
covered outdoor entertaining space
Building Details
Year Built
1949
Buildings
1
Stories
3
Listing Agency:
The Gomes Agency
Listed By:
Jacob Gomes · License #RTC58846
Source:
Amandahowardrealestate
Added: Sep 16
Changed: Oct 25
Last Checked: Oct 26 at 1:28PM
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 The Gomes Agency
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Investment Insights
Based on property information with market context.
Built in 1949, this three-level property is configured for distinct living or rental areas. The second level operates as an active short-term rental and includes a private entrance, full kitchen, and turnkey furnishings. The main level has a separate entrance, three bedrooms including the primary bedroom, cedar closets, and an updated kitchen with white cabinetry, stainless steel appliances, an island, and a built-in corner unit. A walk-out basement adds another independently accessible area for a guest suite, studio, or rental setup.
The property includes front and back yards, mature trees, covered outdoor entertaining space, and ample parking. It is positioned 10 minutes from East Nashville and offers access to Downtown.
The property includes front and back yards, mature trees, covered outdoor entertaining space, and ample parking. It is positioned 10 minutes from East Nashville and offers access to Downtown.
Key Highlights
- Active short‑term rental on the second level
- Private entrances serve the second and main levels
- Main level includes three bedrooms and an updated kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,865
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,300
$877.3K
Cap Rate 7%
$626,643
$626.6K
Cap Rate 9%
$487,389
$487.4K
Market Conditions
NOI Build-Up for 3,949 SF
Gross rent
$85.3K $21.60/SF
− Vacancy
−$5.5K −$1.40/SF
EGI
$79.8K $20.20/SF
− OpEx
−$35.9K −$9.09/SF
NOI
$43.9K $11.11/SF
Area
Davidson County, TN
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,300
Cap Rate 7%
$626,643
Cap Rate 9%
$487,389
Alternative Uses
Best Use
Apartment 5plus
$626.6K
$548.3K – $731.1K
NOI $43,865 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.78M
$4.18M – $5.58M
NOI $334,662 @ 7.0% cap · market cap 56.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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Business Placement
Demographics for 37115, TN
39,821
Population
19,845
Households
2
Avg Household Size
37
Median Age
23%
College-Educated
82%
High-School Grad
21.5 sq mi
ZIP Area
1,852
Density / Sq Mi
$53,034
Median Household Income
$37,215
Median Earnings
$1,263
Median Rent
$271,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Three-level property with an operating furnished rental, separate entrances, and additional space for flexible occupancy arrangements.
Where is this short term rental property located?
The property is located at 910 Due West Ave Madison, TN.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: Active short‑term rental on the second level; Private entrances serve the second and main levels; Main level includes three bedrooms and an updated kitchen
