200 Palestine Ave Nashville, TN 37115
This exceptional multifamily investment opportunity presents a well-maintained 10-unit apartment building located at 200 E Palestine Ave, Nashville, TN 37115, within Davidson County. The property, comprised of three two-story buildings, totals 8,500 square feet and sits on a 0.27-acre lot. Constructed in 1984 and extensively renovated in 2021, this Class C multifamily property offers significant upside potential. Each of the ten units boasts two bedrooms and one and a half bathrooms, catering to a high-demand rental market. The property's strong performance is reflected in its attractive 5.80% capitalization rate. Situated in a rapidly growing area with high rental demand due to its proximity to Nashville, this investment offers a compelling blend of immediate income generation and long-term appreciation. The recent renovations minimize maintenance concerns, ensuring a smooth transition for the new owner. This is an ideal opportunity for investors seeking a stable, cash-flowing asset in a thriving market. The property's location provides convenient access to Nashville's amenities and employment centers, further enhancing its appeal to renters. The modernized units and minimal maintenance requirements contribute to a low-risk, high-reward investment profile. This is a turnkey opportunity ready for immediate income generation.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.