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.

Listings courtesy of Realtracs as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 22, 2026 6:27 AM EDT. 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. IDX information is provided exclusively for consumers’ personal noncommercial use and 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.

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More Info

Basic Information

Gross Income $777,736
List Price$8,875,000
MLS Number3623394
Mls Status Active
Net Operating Income $332,857
Operating Expense $444,879
Possession Close Of Escrow
Special Listing Conditions Owner Agent
StatusActive
Tenant Pays ["None"]
Total Actual Rent $7,784

Property

ZoningSP

Utilities

Cooling Central Air
Cooling YN Yes
Heating Central
Heating YN Yes
Sewer Public Sewer
Utilities ["Water Available"]

Legal

Listing Agreement Exclusive Right To Sell
Parcel Number 071150L10100CO

Tax Information

Taxes$4,660

Parking

Open Parking Spaces 23
Parking Features Alley Access, Concrete
Parking Spaces23

Location

Address404 Douglas Avenue
Building Number404
CountyDavidson County, TN
Directions Take dickerson pike from downtown, right on douglas ave, wanderer is at corner of douglas & lischey.
StateTN
StreetDouglas Avenue
SubdivisionWanderer East
TownNashville
Zip37207

Amenities

Accessibility Amenities["Accessible Approach with Ramp", "Accessible Elevator Installed", "Accessible Entrance", "Accessible Hallway(s)"]

Water Body

Water AccessPublic

Other

Date Listed10/21/2026

School Information

Elementary SchoolKIPP Academy Nashville
High SchoolStratford STEM Magnet School Upper Campus
Junior HighStratford STEM Magnet School Lower Campus

Basic Information

Property SubTypeResidential Income

Building

Levels Three Or More
Stories3
Structure Type["Multi Family"]
Units17
Year Built2020

Interior

Flooring Wood, Tile

Property Information

Above Grade Finished Area 16,050
Above Grade Finished Area Source Appraiser
Above Grade Finished Area Units Square Feet
Below Grade Finished Area Source Appraiser
Below Grade Finished Area Units Square Feet
Building Area Units Square Feet
Construction Materials Frame
Inclusions Appliances, Furniture
Living Area Source Appraiser
Living Area Units Square Feet
Lot Size Units Acres
Owner Pays ["Cable TV", "Electricity", "Trash Collection"]
Property Attached YN Yes
Square Feet16,050

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Amo Realty Tennessee