New-Construction
For Sale
$600,000
104 East Maire Avenue, Clinton, TN 37716
Three single-level rental units with separate entrances, updated appliances, and paved off-street parking.
Property Size2,274 SF
Price / SF$263.85
Days on Market133
Property Features for 104 East Maire Avenue
General Information
Standard status
Active
Size
2,274 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$3,887
Amenities
Central Cooling
Yes
True
Heat Pump, Central
Microwave, Range, Refrigerator, Self Cleaning Oven
Windows - Vinyl
Vinyl, Frame
Building Details
Year Built
2024
Listing Agency:
NextHome Clinch Valley
Listed By:
Chris Hughes
Source:
Compass
Added: Apr 21
Changed: Aug 30
Last Checked: Aug 30 at 11:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome Clinch Valley
Investment Insights
Based on property information with market context.
Completed in 2024, this 2,274-square-foot triplex contains three separate single-level residences. Each unit provides two bedrooms, one full bathroom, a living area, and a kitchen equipped with a microwave, range, refrigerator, and self-cleaning oven. Central cooling and heat-pump service support the units, and vinyl windows are installed throughout.
Two residences are leased, while the remaining unit is available for rental or owner occupancy. The property is held as one parcel and classified as townhomes. A paved lot provides off-street parking, and the site may have room for another unit, subject to buyer verification. Located at 104 East Maire Avenue in Clinton, Tennessee.
Two residences are leased, while the remaining unit is available for rental or owner occupancy. The property is held as one parcel and classified as townhomes. A paved lot provides off-street parking, and the site may have room for another unit, subject to buyer verification. Located at 104 East Maire Avenue in Clinton, Tennessee.
Key Highlights
- 2024‑built triplex totaling 2,274 SF
- Three single‑level units, each with 2 bedrooms and 1 full bath
- Two units leased; third unit available for rental or owner occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,177
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,540
$443.5K
Cap Rate 7%
$316,814
$316.8K
Cap Rate 9%
$246,411
$246.4K
Market Conditions
NOI Build-Up for 2,274 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.1K $15.00/SF
− Vacancy
−$2.4K −$1.07/SF
EGI
$31.7K $13.93/SF
− OpEx
−$9.5K −$4.18/SF
NOI
$22.2K $9.75/SF
Area
Anderson County, TN
Vacancy
7.12%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,540
Cap Rate 7%
$316,814
Cap Rate 9%
$246,411
Alternative Uses
Best Use
Multifamily LT 5
$316.8K
$277.2K – $369.6K
NOI $22,177 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,408 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$563.2K
$492.8K – $657.1K
NOI $39,426 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 37716, TN
25,920
Population
11,461
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
94%
High-School Grad
83.5 sq mi
ZIP Area
310
Density / Sq Mi
$61,250
Median Household Income
$40,713
Median Earnings
$887
Median Rent
$220,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three single-level rental units with separate entrances, updated appliances, and paved off-street parking.
Where is this triplex located?
The property is located at 104 East Maire Avenue Clinton, TN.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2024‑built triplex totaling 2,274 SF; Three single‑level units, each with 2 bedrooms and 1 full bath; Two units leased; third unit available for rental or owner occupancy
