824 Watts Ln, Nashville, Tennessee 37209

TN, Nashville
$6,250,000
  • Active Status
  • 49 Dayz On Cribz Total Days
  • Residential Income Property Type
  • 2104 Total Sqft $2,971/sqft
  • 2024 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property 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.

Property Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • MLS #: 3525628
  • Price: $6,250,000
  • Square Footage: 2,104 Sqft
  • Year Built: 2024
  • Office Name: Compass RE
  • Agent Name: Sheila Gerardy
  • Property Attached: Yes
  • Listing Status: Active
Location Info
  • Street Number: 824
  • Street: Watts Ln
  • City Nashville
  • State TN
  • Zipcode 37209
  • County Davidson County, TN
  • Subdivision 824 Watts Lane Townhomes
  • Longitude: W87° 7' 46''
  • Latitude: N36° 8' 36.5''
  • Zoning: RM-15 Mult
  • Directions: From Nashville, head west on I-40 W. Keep right for Memphis and take exit 204B for TN-155 S. Turn left onto TN-155 S/White Bridge Pike, then right onto Charlotte Ave. Turn left onto Watts Ln to reach 824-830 Watts Ln
Features
  • Heating System Central
  • Cooling System Central Air, Ceiling Fan(s)
  • Parking Parking Lot, Attached, On Street
  • Utilities Water Available
  • Flooring Wood
  • Laundry Features Individual
  • Sewer Public Sewer
Schools
  • Elementary School: Charlotte Park Elementary
  • Middle School: H. G. Hill Middle
  • High School: James Lawson High School
Additional Info
  • Water Source: Public
  • Association Amenities: Dog Park,Sidewalks
  • Attached Garage: Yes
  • Building Size: 2,104 Sqft
  • Construction Materials: Hardboard Siding
  • Garage: 2 Spaces
  • Levels: Three Or More
  • Number Of Units Total: 10
  • On Market Date: August 31st, 2026
  • Previous Price: $6,250,000
  • Rent Includes: Association Fees,Trash Collection
  • Stories: 3
Financial
  • Association Fee: $200
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Annual Tax Amount: $4,796
Listing Data
  • Mls Status: Active
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Sep 16th, 2026 @ 8:04pm
  • Status Change Timestamp: Aug 31st, 2026 @ 5:00am
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