$6,250,000
 $33,551 est/mo Sourced by Back At You

824 Watts Ln,Nashville, TN 37209

Nashville, TN 37209

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Description

Industry Square presents an opportunity to acquire a concentrated portfolio of 10 newer-construction townhomes within a boutique 16-residence community in West Nashville. Offered together at $6.25M, 9 of the 10 residences are currently leased, providing an established rent roll with approximately $387,000 in annualized in-place gross rent. Current rents are predominantly $3,650/month, with only one lease receiving a one-month concession and lease terms extending into 2027 and 2028. The portfolio represents an average acquisition basis of $625,000 per residence and includes 10 of the community's 16 homes, providing the purchaser with concentrated ownership. Each residence features 3 bedrooms and 3 full bathrooms across approximately 2,080-2,402 square feet, with an attached two-car garage, rooftop deck, private balcony and elevated modern finishes. One residence remains available for lease, while an additional residence is currently leased month-to-month at $3,000, providing flexibility and potential upside within the existing rent roll. An attractive option for an investor looking to deploy capital, complete a 1031 exchange, or add multiple Nashville doors through a single acquisition rather than assembling and leasing a scattered portfolio property by property. Conveniently located in West Nashville with access to downtown, the hospital district, shopping, dining and major employment centers. Full Offering Memorandum, rent roll and individual lease information available upon request. Buyer and buyer's agent to independently verify all financial information, leases, HOA documents, expenses and investment assumptions.

Details

MLS #3525628
Listing TypeFor Sale
HOA Dues$200
Sub-TypeResale
StatusActive
Year2024
Days On Site29
Listing Provided ByCompass RE | Sheila Gerardy

Features

SQ Feet2,104
Garage2
Story(s)3
Units10
ZoningRM-15 Mult

Parking

Parking FeaturesAttached, On Street, Parking Lot
Garage Yes / NoYes

Taxes

Property4796

Area Information

StateTN
CountyDavidson County
CityNashville
Zip Code37209
AreaDavidson County | TN
Community Name824 Watts Lane Townhomes
School DistrictJames Lawson High School
Elementary SchoolCharlotte Park Elementary
High SchoolJames Lawson High School
Listing VS Median (in 824 Watts Lane Townhomes)
Price:
$6,250,000
low | high
Med:
$6,250,000
50% of Average
sqft:
2,104
low | high
Med:
2,104
50% of Average
$ / sqft:
$2,971
low | high
Med:
$2,971
50% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You

Market Activity 37209

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 Listings courtesy of RealTracs MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of September 22, 2026 at 5:48:59 PM PDT 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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Learn More About This Property

StateTN
CountyDavidson County
CityNashville
Zip Code37209
AreaDavidson County | TN
Community Name824 Watts Lane Townhomes
School DistrictJames Lawson High School
Elementary SchoolCharlotte Park Elementary
High SchoolJames Lawson High School
Listing VS Median (in 824 Watts Lane Townhomes)
Price:
$6,250,000
low | high
Med:
$6,250,000
50% of Average
sqft:
2,104
low | high
Med:
2,104
50% of Average
$ / sqft:
$2,971
low | high
Med:
$2,971
50% of Average
On site:
29
low | high
Med:
29
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $4.687M - $7.812M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
829 Watts Ln Property Photo 1
$600,000
829 Watts Ln
Nashville, TN 37209
827 Watts Ln Property Photo 1
$3,500
827 Watts Ln
Nashville, TN 37209
827 Watts Ln Property Photo 1
$599,900
827 Watts Ln
Nashville, TN 37209
Listing Updated: September 16, 2026 at 2:19:55 PM PDT