Multifamily Property for Sale in Nashville, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Nashville, TN 37207

Description

Marcus & Millichap has been selected to exclusively market for sale the Bellshire Flats in Nashville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in one of the nation's fastest-growing markets. Bellshire Flats is a 12-unit, six-building duplex portfolio clustered along Westchester Drive and Tuckahoe Square West in North Nashville. Built in 1985, the asset features a straightforward duplex configuration with washer/dryer hookups in all units and separately metered water and electric, supporting efficient operations. Current rents are approximately $130 below market, presenting a clear value-add opportunity through rentincreases and modest operational improvements. The property is located approximately 15 minutes from Downtown Nashville with convenient access to I-65, Dickerson Pike retail, and key employment nodes. The surrounding submarket continues to experience steady infill and reinvestment, supporting near-term rental growth and long-term demand. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Bellshire Flats. Investment Highlights: • Six-duplex portfolio consisting of 12 total units, all located in a tight cluster along Westchester Drive and Tuckahoe Square West in North Nashville. • Rents are currently $133 below market rate. • Five of six roofs have been replaced within the past two years, with the remaining roof only four years old. • All units feature washer/dryer connections, supporting competitive rents and tenant retention. • Individually metered for water and e

Market Context

This multifamily in Nashville, TN is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Nashville, TN — <a href="/search/sale/multifamily/tennessee/nashville">view the full market</a>.

As of Q1 2026, the Nashville multifamily market showed a 17.4% vacancy rate, and cap rates around 6.0%. Source: Consensus Q1 2026 market report.

Its 5.7% asking cap rate is below the Nashville multifamily market average of about 6.0%, reflecting premium pricing relative to comparable assets. Above-average vacancy gives buyers leverage and a wide set of comparables.

Multifamily market FAQ

What is the typical cap rate for multifamily in Nashville?
About 6.0% as of Q1 2026, per Consensus.
Is the Nashville multifamily market tightening or softening?
Vacancy is around 17.4% (Q1 2026).

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