1601 Stratford Ave - Apartments FOR SALE


Nashville, TN 37216- East Nashville
$1,150,000 USD
615-973-5373
1601 Stratford Ave, Nashville, TN for Sale
$1,150,000 USD
Apartments - FOR SALE
1/35
null | 6.31% Cap Rate

1601 Stratford Ave
Nashville, TN 37216
East Nashville


HIGHLIGHTS

  • Located in one of Nashville’s most vibrant and desirable neighborhoods, offering strong rental demand and proximity to downtown, retail, and dining
  • Boutique 7-unit property featuring classic architectural charm and value-add potential through interior and exterior upgrades
  • Small multifamily buildings in East Nashville are rare, creating scarcity value and long-term appreciation potential.
  • Nashville continues to experience population growth, job creation, and rising rental rates, especially in urban-core neighborhoods like East Nashville

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

7

PRICE/UNIT

$164,286

CAP RATE

6.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stratford Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

RS7.5

APN/PARCEL ID

072-04-0-119

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.