Four-Unit Multifamily
952A Strouse Ave, Nashville, TN 37206
For Sale
$850,000
The property includes in-unit laundry, appliances, and parking, with a recently repainted eight-bedroom residence.
Property Size2,800 SF
Price / SF$303.57
Days on Market35
Property Features for 952A Strouse Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
parking
appliances
in-unit laundry
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
XL Realty, LLC
(615) 500-8375
Listed By:
N. Marie James
(615) 431-9272
Source:
Concordrealty
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 4:31PM
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 1960-built multifamily property contains four units and 2,800 square feet. The described residence has eight bedrooms and four bathrooms, along with in-unit laundry and appliances. Recent repainting is complete, and the building has been updated. Zoning is listed as Tri/Quad.
The property is in East Nashville, near restaurants, shopping, grocery stores, bars, and the YMCA. It sits adjacent to a 19-acre approved redevelopment plan that includes green space, restaurants, and several types of housing. The property currently generates income.
The property is in East Nashville, near restaurants, shopping, grocery stores, bars, and the YMCA. It sits adjacent to a 19-acre approved redevelopment plan that includes green space, restaurants, and several types of housing. The property currently generates income.
Key Highlights
- Four‑unit building with an eight‑bedroom, four‑bath residence
- 2,800‑square‑foot property built in 1960
- Parking, appliances, and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,185
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,700
$583.7K
Cap Rate 7%
$416,929
$416.9K
Cap Rate 9%
$324,278
$324.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$57.1K $20.40/SF
− Vacancy
−$4.1K −$1.45/SF
EGI
$53.1K $18.95/SF
− OpEx
−$23.9K −$8.53/SF
NOI
$29.2K $10.42/SF
Area
Nashville, TN
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%
$583,700
Cap Rate 7%
$416,929
Cap Rate 9%
$324,278
Alternative Uses
Best Use
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,185 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
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
1
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
$529,400
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Nashville, TN
Properties on Market for Multifamily properties in Nashville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property includes in-unit laundry, appliances, and parking, with a recently repainted eight-bedroom residence.
Where is this multifamily property 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‑unit building with an eight‑bedroom, four‑bath residence; 2,800‑square‑foot property built in 1960; Parking, appliances, and in‑unit laundry
