Apartment Acquisitions · Smyrna
Sell Your Commercial Property In Smyrna, TN
We are an active buyer of Smyrna commercial rental properties with five or more units, whether the building is fully leased, half vacant, or overdue for renovation.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Downtown Smyrna · La Vergne · Rocky Fork · Almaville — Rutherford County, TN
Market Snapshot
Renter Demand In Smyrna
Smyrna, a Rutherford County town of 56,692 residents in ACS 2020-2024, rents out 42.6% of its occupied homes, well above the 33.1% Tennessee share. Median gross rent is $1,461 a month, and buildings with five or more units hold 22.3% of Smyrna housing. Nissan's Smyrna assembly plant employs more than 5,700 people. Anyone set to sell commercial property in Smyrna, TN faces a 2025 combined rate of $2.4019 per $100 assessed.
Below: renters, rents, Rutherford County taxes and Tennessee landlord rules.
Nissan Smyrna assembly plant
Nissan's March 2024 release on the Smyrna plant's 15 millionth vehicle cites more than 5,700 employees.TriStar StoneCrest Medical Center
TriStar StoneCrest Medical Center lists 119 beds and 663 staff on its official about page.Renter-heavy housing base
Smyrna's 42.6% renter share compares with 35.2% in Rutherford County and 33.1% across Tennessee in ACS 2020-2024.Our Buy Box
What We Buy In Smyrna
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Smyrna Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Smyrna
Renters occupy 42.6% of Smyrna's occupied homes, or 8,626 of 20,226, in ACS 2020-2024 tenure data. Rutherford County is lower at 35.2%, and Tennessee sits at 33.1%. Rental vacancy in Smyrna is 3.6%, per the ACS housing profile.
Buildings with five or more units hold 22.3% of Smyrna housing, or 4,692 homes, per ACS units in structure. Homes built before 1980 are 21.2% of Smyrna's stock, and the median year built is 2000 (ACS year built).
Rents and affordability
Median gross rent in Smyrna is $1,461 a month in ACS 2020-2024, $272 above the Tennessee median of $1,189. Median household income is $81,926 (ACS B19013). Of Smyrna renter households, 47.8% spend 30% or more of income on rent (ACS B25070).
For owners selling commercial property in Smyrna, HUD FY2027 fair market rents for the Nashville-Davidson--Murfreesboro--Franklin metro FMR area set these benchmarks:
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,585 |
| One bedroom | $1,650 |
| Two bedroom | $1,798 |
| Three bedroom | $2,309 |
| Four bedroom | $2,799 |
Property taxes in Rutherford County
Smyrna's 2025 combined rate is $2.4019 per $100 assessed: $1.8762 for Rutherford County plus $0.5257 for the town, per the Comptroller 2025 rate table. Tennessee classifies dwellings with two or more rental units as commercial property, assessed at 40% of appraised value (Comptroller glossary).
A $2,000,000 building assesses at $800,000, so its 2025 bill is $19,215.20. A deal to sell commercial property in Smyrna, TN at that price also triggers $7,400 in realty transfer tax, at $0.37 per $100.
Landlord rules
Tennessee's landlord and tenant act reaches Smyrna because TCA 66-28-102 covers counties above 75,000 residents in the 2010 Census. Rutherford County counted 262,604 people in the 2010 Census. Unpaid rent can end a lease 14 days after notice under TCA 66-28-505.
Security deposits must sit in an account used only for deposits, per TCA 66-28-301. Because TCA 66-35-102 bars local rent control, buyers who sell commercial real estate in Smyrna, TN later still underwrite rents no town ordinance can cap.
What it means for an owner
If you sell commercial property in Smyrna, TN, buyers will price a 42.6% renter share against a $2.4019 combined tax rate and 3.6% rental vacancy. Run income and value through our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings. Read how to sell your apartment building in Smyrna.
Good To Know
Pricing Your Building In Smyrna
More about selling in Tennessee →Investing in Smyrna? See apartment syndications in Smyrna →
- Smyrna's own levy of $0.5257 per $100 adds $4,205.60 a year on a $2,000,000 building.
- Tennessee law bars local rent control for owners who sell commercial real estate in Smyrna, TN.
- In ACS 2020-2024, 21.4% of Smyrna renter households paid half or more of income on rent.
Seller Guides
Selling A Building In Smyrna
Learn More
Taxes & Rules For Smyrna Property
The Tennessee rules that shape any deal in Smyrna: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Smyrna Seller FAQ
What will property taxes be when I sell commercial property in Smyrna, TN?
Tennessee assesses rental buildings with two or more units at 40% of appraised value. A $2,000,000 Smyrna building assesses at $800,000. At the 2025 combined rate of $2.4019 per $100, the yearly bill is $19,215.20: $15,009.60 county and $4,205.60 town.
How deep is the tenant pool if I sell commercial real estate in Smyrna, TN?
Renters occupy 8,626 of 20,226 occupied Smyrna homes, or 42.6%, in ACS 2020-2024. Median gross rent is $1,461 a month. Rental vacancy is 3.6%, and HUD's FY2027 two-bedroom fair market rent for the Nashville metro area is $1,798.
How old is Smyrna's housing stock?
The median Smyrna home was built in 2000, per ACS 2020-2024. Homes built before 1980 make up 21.2% of the stock, against 40.8% for Tennessee. Buildings with five or more units hold 4,692 homes, or 22.3% of Smyrna housing.
What transfer taxes apply if I sell multifamily property in Smyrna?
Tennessee's realty transfer tax is $0.37 per $100 of purchase price, which comes to $7,400 on a $2,000,000 Smyrna sale. The Tennessee Department of Revenue also sets a mortgage tax of $0.115 per $100 of indebtedness, with the first $2,000 exempt.
Which Tennessee landlord rules cover a Smyrna rental?
Tennessee's landlord and tenant act applies in counties above 75,000 people under the 2010 Census, and Rutherford County counted 262,604. Unpaid rent can end a lease 14 days after notice. Deposits must sit in a separate account, and state law bars local rent control.
What if my Smyrna building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Smyrna brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Smyrna, and we keep every conversation confidential.
Who buys occupied rental property in Smyrna?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Smyrna?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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