Nashville Edge Apartments — Sale in La Vergne, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: La Vergne, TN 37086

Photos

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Investment Figures

Cap rate
6.17%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap has been selected to exclusively market for sale the Nashville Edge Apartments in La Vergne, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located on the I-24 corridor just 20 miles from Nashville. Nashville Edge Apartments is a 50-unit multifamily community in La Vergne, Tennessee, located between Nashville and Murfreesboro along the I-24 corridor. Built in 1982, the property was fully gutted and renovated in 2021. Exterior work included new roofs, siding, windows, most HVAC units, copper and PEX plumbing, resurfaced parking, LED lighting, and a new outdoor common area. Every unit was updated with new cabinets, appliances, countertops, and paint. The property offers a mix of one-bedroom and two-bedroom floor plans and is individually metered electricity. La Vergne’s industrial and distribution base and Rutherford County’s ongoing population growth support steady renter demand. The property gives investors a fully renovated asset in one of Middle Tennessee’s busiest growth corridors. Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing. At no point should tenants or staff be contacted regarding the sale of the Nashville Edge Apartments. Investment Highlights: • Full gut renovation completed in 2021, including new roofs in 2019, replacement of most HVAC units, new windows, and new siding • Parking lots and driveways resurfaced, LED exterior lighting installed, and exteriors repainted in 2021 • All unit interiors renovated with new cabinets, new appliances, Formica countertops, and fresh paint as of 2021 • Easy access to Interstate 24 and U.S. Hi

Market Context

This multifamily in La Vergne, TN is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in La Vergne, TN — view the full market.

As of Q1 2026, the Nashville multifamily market showed average asking rents near $1600.00/unit/mo, rents up 13.5% year over year, and cap rates around 5.7%. Source: multiple brokerage reports, Q1 2026.

Its 6.2% asking cap rate is above the Nashville multifamily market average of about 5.7%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Nashville?
About 5.7% as of Q1 2026, per multiple brokerage reports.

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