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404 Douglas Ave, Nashville, TN 37207

Nashville
Local realty services provided by:CENTURY 21 Premier
404 Douglas Ave,Nashville, TN 37207
$8,875,000
  • - Beds
  • - Baths
  • 16,050 sq. ft.
  • Multi-family
  • Active
Listed by: pete jones, amy clitheroe
Office: compass
MLS#:3623394
Source:NASHVILLE

Price summary

  • Price:$8,875,000
  • Price per sq. ft.:$552.96

About this home

The three-story asset features an elevator-served layout and consists of 16 residential units and one retail space. The residential mix includes fifteen (15) two-bedroom, two-bathroom units averaging approximately 980 square feet, and one (1) three-bedroom, two-bathroom unit totaling approximately 1,300 square feet. The ground-floor retail space spans approximately 1,100 square feet and is fully leased. The retail tenant operates under a NNN lease structure with a renewal option in place. The tenants have demonstrated strong performance and expressed intent to renew, providing stable in-place income and reduced leasing risk. The offering is presented as a fully furnished, turnkey investment, inclusive of all residential units and the stabilized retail component. All financial figures provided reflect current, in-place operations and are not based on pro forma assumptions. The Wanderer has demonstrated improving recent performance, with increasing occupancy and improved income trends...

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Home facts

  • Year built:2020
  • Subdivision & Development:Wanderer East
  • Listing ID #:3623394
  • Added:3 day(s) ago
  • Updated:October 24, 2026 at 02:37 PM

Rooms and interior

  • Flooring:Tile
  • Living area:16,050 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:2020
  • Building area:16,050 sq. ft.
  • Construction Materials:Frame
  • Levels:3 Story

Schools

  • High school:Stratford STEM Magnet School Upper Campus
  • Middle school:Stratford STEM Magnet School Lower Campus
  • Elementary school:KIPP Academy Nashville

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,875,000
  • Price per sq. ft.:$552.96
  • Tax amount:$4,660

Parking

  • Total parking spaces:23
  • Parking description:Alley Access, Concrete
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