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Stratford Apartments 1601 Stratford Ave 7 Unit Apartment Building $1,150,000 ($164,286/Unit) 6.31% Cap Rate Nashville, TN 37216
INVESTMENT HIGHLIGHTS
- Located in one of Nashville’s most vibrant and desirable neighborhoods, offering strong rental demand and proximity to downtown, retail, and dining
- Small multifamily buildings in East Nashville are rare, creating scarcity value and long-term appreciation potential.
- Boutique 7-unit property featuring classic architectural charm and value-add potential through interior and exterior upgrades
- Nashville continues to experience population growth, job creation, and rising rental rates, especially in urban-core neighborhoods like East Nashville
EXECUTIVE SUMMARY
Link to the Deal Room and Financials: https://www.marcusmillichap.com/properties/194910/stratford-apartments
Marcus & Millichap has been selected to exclusively market for sale the Stratford Apartments 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 cities.
Stratford Apartments is a rare 7-unit multifamily property in East Nashville, one of the city’s most desirable neighborhoods. Built in 1935, it offers classic architectural charm and strong value-add potential through renovations to boost rents and asset value. The mix of one- and two-bedroom units attracts a broad tenant base, while proximity to downtown, retail, and entertainment ensures consistent demand. With Nashville’s continued growth and limited supply of small multifamily assets, this property provides an attractive opportunity for investors seeking manageable operations and long-term appreciation.
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 Stratford Apartments.
Marcus & Millichap has been selected to exclusively market for sale the Stratford Apartments 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 cities.
Stratford Apartments is a rare 7-unit multifamily property in East Nashville, one of the city’s most desirable neighborhoods. Built in 1935, it offers classic architectural charm and strong value-add potential through renovations to boost rents and asset value. The mix of one- and two-bedroom units attracts a broad tenant base, while proximity to downtown, retail, and entertainment ensures consistent demand. With Nashville’s continued growth and limited supply of small multifamily assets, this property provides an attractive opportunity for investors seeking manageable operations and long-term appreciation.
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 Stratford Apartments.
PROPERTY FACTS
| Price | $1,150,000 | Property Subtype | Apartment |
| Price Per Unit | $164,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 6.31% | Building Size | 11,362 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Zoning | RS7.5 | ||
| Price | $1,150,000 |
| Price Per Unit | $164,286 |
| Sale Type | Investment |
| Cap Rate | 6.31% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 11,362 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | RS7.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 1,000 |
| 2+1 | 5 | - | 1,500 |
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PROPERTY TAXES
| Parcel Number | 072-04-0-119 | Improvements Assessment | $274,200 |
| Land Assessment | $72,000 | Total Assessment | $346,200 |
PROPERTY TAXES
Parcel Number
072-04-0-119
Land Assessment
$72,000
Improvements Assessment
$274,200
Total Assessment
$346,200
CONTACTS
-
Patrick Cosgrove -
Daniel Cosgrove -
Harrison Johnson -
Isaac Geoghegan -
Marcus & Millichap
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Stratford Apartments | 1601 Stratford Ave
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