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16,050 sqft

$8,875,000

404 Douglas Ave, Nashville TN, 37207

Price per sqft$552.96
Built in2020
Property size16,050 sqft
Property typeResidential
Courtesy of Compass, Pete Jones Listing Contact: 6158815529

Overview

Active

Listed Oct 21, 2026

Updated 28h ago

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 in 2027.

$59,046/mo

Est. mortgage payment based on a $8,875,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$4,660
Tax Frequency
Annually
55+/Senior Community
No

Listings courtesy of Middle Tennessee Regional Multiple Listing Service as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 2:48 AM UTC on 10/22/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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