Four-Unit
For Sale
$950,000
924 Boscobel St, Nashville, TN 37206
Fully occupied multifamily property positioned near Five Points restaurants, breweries, and shops.
Property Size2,784 SF
Lot Size0.18 Acres
Price / SF$341.24
Days on Market17
Property Features for 924 Boscobel St
General Information
Standard status
Active
Size
2,784 SF
Lot size
0.18 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$9,682
Building Details
Year Built
1967
Listing Agency:
eXp Realty
(888) 519-5113
Listed By:
Khenie Ansuanna Kawa
(615) 243-1711
Source:
Exprealty
Added: Sep 8
Changed: Sep 21
Last Checked: Sep 24 at 12:09PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This four-unit quadplex contains 2,784 square feet on a 7,841-square-foot lot and was built in 1967. The property is fully occupied, providing an existing multifamily configuration at 924 Boscobel St in Nashville.
The home is in East Nashville’s Five Points area, with restaurants, breweries, and shops within walking distance. Downtown, Nissan Stadium, and Trevecca Nazarene University are minutes away. Rent roll and financials are available upon request.
The home is in East Nashville’s Five Points area, with restaurants, breweries, and shops within walking distance. Downtown, Nissan Stadium, and Trevecca Nazarene University are minutes away. Rent roll and financials are available upon request.
Key Highlights
- Four‑unit quadplex at 924 Boscobel St, Nashville, TN
- Fully occupied multifamily property
- 2,784 sq ft across 4 units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,624
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$632,480
$632.5K
Cap Rate 7%
$451,771
$451.8K
Cap Rate 9%
$351,378
$351.4K
Market Conditions
NOI Build-Up for 2,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.4K $17.40/SF
− Vacancy
−$3.3K −$1.17/SF
EGI
$45.2K $16.23/SF
− OpEx
−$13.6K −$4.87/SF
NOI
$31.6K $11.36/SF
Area
Nashville, TN
Vacancy
6.74%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$632,480
Cap Rate 7%
$451,771
Cap Rate 9%
$351,378
Alternative Uses
Best Use
Multifamily LT 5
$451.8K
$395.3K – $527.1K
NOI $31,624 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$414.6K
$362.7K – $483.7K
NOI $29,019 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$708.7K
$620.1K – $826.9K
NOI $49,611 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Explore this area
Business Placement
Demographics for 37206, TN
27,792
Population
14,323
Households
1.9
Avg Household Size
34
Median Age
60%
College-Educated
94%
High-School Grad
7.8 sq mi
ZIP Area
3,563
Density / Sq Mi
$88,605
Median Household Income
$58,213
Median Earnings
$1,564
Median Rent
$529,400
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property positioned near Five Points restaurants, breweries, and shops.
Where is this quadplex located?
The property is located at 924 Boscobel St Nashville, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit quadplex at 924 Boscobel St, Nashville, TN; Fully occupied multifamily property; 2,784 sq ft across 4 units
