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$8,875,000
Monthly Est:$44,174
5 Beds
4 Baths
16,050sqft
404 Douglas Ave, Nashville, TN 37207
$8,875,000
$44,174/moEst:
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Multi Family
Built in 2020
$-- HOA
-- sqft lot
$553/sq.ft
Description
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.
- Houzeo last checked: 3 minutes ago
- Listing updated: October 21, 2026 at 12:41 pm
- Listing Provided by: Pete Jones (615) 881-5529 DRE #324814, Amy Clitheroe (615) 953-7266 DRE #331185 | Compass (615) 383-6964
- Source: Nashville (RealTracs Mid) MLS-TN as distributed by MLS GRID | MLS#: 3623394
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
2020
HOA Fees
-
Finished Area
16,050 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Nashville (RealTracs Mid) MLS
MLS Number
3623394
MLS Status
Active
Days on Market
10
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Interior
Sewer
Public Sewer
Flooring
Wood, Tile
Heating
Central
Cooling
Central Air
Construction
Year Built
Year Built: 2020
Home type
Multi Family
Construction Materials
Frame
Utilities & Energy
Utilities
Water Available
Parking Features
Alley Access, Concrete
Water Source
Public
Laundry Features
Individual
Other Features
Subdivision Name
Wanderer East
Tenant Pays
None
Price History
| Date | Event | Price |
|---|---|---|
10/21/2026 Source: | Listed for Sale | $8,875,000 $553/sqft |
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Based on information from Realtracs® through Nov 01, 2026, 05:45AM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the 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. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2026 RealTracs Solutions. All Rights Reserved. Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
Advertising Broker: Angela Fowler | Angela Fowler Real Estate, LLC.
