Quadplex
For Sale
$880,000
405 Shelby Street, Clarksville, TN 37042
Newly built quadplex building with residential income units, constructed in 2023.
Property Size4,544 SF
Price / SF$193.66
Days on Market2197
Property Features for 405 Shelby Street
General Information
Standard status
Active
Size
4,544 SF
Property subtype
Multi-family
Building Details
Year Built
2023
Listing Agency:
(931) 281-6160
Listed By:
Sara Venczel
(931) 281-6160
Source:
Benchmarkrealtytn
Added: Jul 26, 2020
Changed: Jul 29
Last Checked: Jul 31 at 3:38PM
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 Sara Venczel
Investment Insights
Based on property information with market context.
This quadplex building is listed as Building number 2 and features residential income units. Each unit totals 1,136 square feet.
The property size is 4,544 square feet, with construction completed in 2023. The layout provides consistent unit sizing across the building, which can simplify operations and unit planning for prospective owners.
Address: 405 Shelby Street, Clarksville, TN 37042.
The property size is 4,544 square feet, with construction completed in 2023. The layout provides consistent unit sizing across the building, which can simplify operations and unit planning for prospective owners.
Address: 405 Shelby Street, Clarksville, TN 37042.
Key Highlights
- Building number 2 quadplex configuration
- Each unit is 1,136 SF
- Total property size is 4,544 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.7k | $13.80 |
| − Vacancy | −$4.1k | −$0.90 |
| EGI | $58.6k | $12.90 |
| − OpEx | −$17.6k | −$3.87 |
| NOI | $41.0k | $9.03 |
4,544 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$523.5K
$458.1K – $610.8K
NOI $36,648 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$762.8K
$667.4K – $889.9K
NOI $53,394 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
409
Businesses Nearby
Explore this area
Business Placement
Demographics for 37042, TN
83,498
Population
35,433
Households
2.4
Avg Household Size
29
Median Age
26%
College-Educated
94%
High-School Grad
56.9 sq mi
ZIP Area
1,467
Density / Sq Mi
$66,435
Median Household Income
$38,716
Median Earnings
$1,196
Median Rent
$220,700
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?
Quadplex - Newly built quadplex building with residential income units, constructed in 2023.
Where is this quadplex located?
The property is located at 405 Shelby Street Clarksville, TN.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Building number 2 quadplex configuration; Each unit is 1,136 SF; Total property size is 4,544 SF
