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    2607 Jefferson St Nashville, TN 37208

    Sponsored
    For Sale
    $2,125,000

    Downtown Nashville Multifamily Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12-unit apartment building, Jefferson Flats, presents a compelling investment opportunity in the heart of Nashville, Tennessee. Located at 2607 Jefferson St, in Davidson County, zip code 37208, this two-story, 7,330 square foot building boasts a 100% occupancy rate. Completely renovated in 2023, the property features twelve units, each equipped with in-unit washer/dryer hookups and new appliances. Recent capital expenditures included the installation of new HVAC systems, along with comprehensive repairs and upgrades to plumbing and electrical systems. Built in 1963, this Class B multifamily property offers a stabilized investment profile with a current Net Operating Income (NOI) of $127,646 and a pro-forma NOI of $134,026, resulting in a current cap rate of 6.01% and a pro-forma cap rate of 6.31%. The asking price is $2,125,000, translating to $177,083.33 per unit. Its prime downtown location, just three miles from Capitol Hill and Broadway, makes it ideally suited for both traditional rentals and short-term rentals such as Airbnb, offering significant long-term upside potential. A Fannie/Freddie SBL debt quote is available upon request. This property represents a rare opportunity to acquire a fully renovated, high-performing asset in Nashville's thriving real estate market.

    Property Features for 2607 Jefferson St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built/Renovated
    1963/2023
    Buildings
    1
    Stories
    2
    Units
    12

    HighLights

    • Completely renovated.
    • Airbnb‑eligible.
    • Washer/dryer hookups.
    • Prime downtown Nashville location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Massage Magic Massage Spa

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Davidson
    State
    Tennessee
    Longitude
    -86.8174447
    Latitude
    36.167834

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    FAQs

    What type of property is this?
    Multifamily property - Downtown Nashville Multifamily Investment
    Where is this multifamily property located?
    The property is located at 2607 Jefferson St Nashville, TN.
    What is the asking price?
    The asking price for this property is $2,125,000.
    What are key features of this property?
    This property features: Completely renovated.; Airbnb-eligible.; Washer/dryer hookups.
    Request Owner's contact information
    2607 Jefferson St Nashville, TN 37208
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    Nashville, TN 37208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2607 Jefferson St Nashville, TN 37208
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