Property summary
This exceptional value-add multifamily investment opportunity presents a rare chance to acquire the 16-unit Merry Oaks Apartments in Nashville, Tennessee. Located on a 1.4-acre lot at 2505 Merry Oaks Dr, Nashville, TN 37214, this Class B property boasts 8,000 square feet of net rentable space, spread across two, two-story buildings. Built in 1957, the property features 16 one-bedroom units, each with individually metered water and electric, and includes all electrical appliances. The… property offers 32 surface parking spaces (2 per unit). Recent improvements include all windows replaced in 2022. The property benefits from a convenient location in the Donelson neighborhood, offering a suburban feel with easy access to parks, recreational facilities, good schools, and major highways (I-40, I-24, and Briley Parkway). Its proximity to downtown Nashville (8.4 miles) and Nashville International Airport (3.3 miles) further enhances its appeal. The current Net Operating Income (NOI) is $89,105, with a pro-forma NOI of $114,747, resulting in a current cap rate of 5.40% and a pro-forma cap rate of 6.95%. The asking price is $1,650,000, representing a price per unit of $103,125. The property is zoned CL and features a community area with a pavilion. The building's construction includes a brick and vinyl exterior, concrete slab foundation, wood frame construction, and cinderblock interior walls. The property includes pad-mounted central heat and air HVAC systems. Current rents are below market, presenting a significant opportunity for value enhancement.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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