Four-Unit
New
For Sale
$850,000
952a Strouse Ave, Nashville, TN 37206
Four apartments provide eight bedrooms, four bathrooms, in-unit laundry, and on-site parking.
Property Size2,800 SF
Price / SF$303.57
Days on Market4
Property Features for 952a Strouse Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Residential Income
Zoning
Tri/Quad
Site & Location
Neighborhood
East Nashville
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,941
Amenities
parking
all appliances
in-unit laundry
Laminate
Yes
Individual,Electric Dryer Hookup
Owner
2800
Square Feet
Appliances
Public
4
50 X 121
No
Building Details
Building Size
2,800 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
XL Realty, LLC
(615) 235-9412
Listed By:
Heather Toporowski
Source:
Cadencerealtytn
Added: Oct 30
Last Checked: Oct 30 at 2:43PM
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 XL Realty, LLC
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Investment Insights
Based on property information with market context.
This 2,800-square-foot quadplex contains four units with a combined eight bedrooms and four bathrooms. The building was constructed in 1960 and has been updated and recently repainted. Interior details include laminate flooring, appliances, and individual electric dryer hookups; parking is also available on the property.
Zoned Tri/Quad, the property is in East Nashville. It is adjacent to a 19-acre approved redevelopment plan that includes green space, restaurants, and multiple housing types. Restaurants, shopping, grocery stores, bars, and the YMCA are described as minutes away.
Zoned Tri/Quad, the property is in East Nashville. It is adjacent to a 19-acre approved redevelopment plan that includes green space, restaurants, and multiple housing types. Restaurants, shopping, grocery stores, bars, and the YMCA are described as minutes away.
Key Highlights
- Four units with eight bedrooms and four bathrooms
- 2,800 square feet; built in 1960
- Tri/Quad zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,805
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,100
$636.1K
Cap Rate 7%
$454,357
$454.4K
Cap Rate 9%
$353,389
$353.4K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$48.7K $17.40/SF
− Vacancy
−$3.3K −$1.17/SF
EGI
$45.4K $16.23/SF
− OpEx
−$13.6K −$4.87/SF
NOI
$31.8K $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 Rate 5%
$636,100
Cap Rate 7%
$454,357
Cap Rate 9%
$353,389
Alternative Uses
Best Use
Multifamily LT 5
$454.4K
$397.6K – $530.1K
NOI $31,805 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,185 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
642
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
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments provide eight bedrooms, four bathrooms, in-unit laundry, and on-site parking.
Where is this quadplex located?
The property is located at 952a Strouse Ave Nashville, TN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four units with eight bedrooms and four bathrooms; 2,800 square feet; built in 1960; Tri/Quad zoning
