Renovated
For Sale
$199,900
48 Maple St, Clarksville, TN 37042
Two residential units offer updated interiors and convenient access to Fort Campbell, Clarksville amenities, and Interstate 24.
Property Size1,075 SF
Price / SF$185.95
Days on Market34
Property Features for 48 Maple St
General Information
Standard status
Active
Size
1,075 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Keller Williams Realty
(931) 302-6658
Listed By:
Steve Nash · License #277585
Source:
Shearonsellsteam
Added: Jul 28
Changed: Aug 28
Last Checked: Aug 29 at 11:39AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex, built in 1950, contains two residential units with refreshed cabinetry, contemporary finishes, neutral color palettes, and practical layouts. A substantial renovation completed approximately five years ago addressed the electrical and plumbing systems, roof, siding, insulation, walls, flooring, and the water service connection to the street. The property is currently income-producing and offers updated interior spaces suitable for everyday residential occupancy.
The property sits at 48 Maple St, just off Fort Campbell Boulevard in Clarksville. Its location provides access to Fort Campbell, Downtown Clarksville, shopping, dining, entertainment, and Interstate 24. Each unit benefits from the renovation work and interior updates, while the site includes a large lot with outdoor space.
The property sits at 48 Maple St, just off Fort Campbell Boulevard in Clarksville. Its location provides access to Fort Campbell, Downtown Clarksville, shopping, dining, entertainment, and Interstate 24. Each unit benefits from the renovation work and interior updates, while the site includes a large lot with outdoor space.
Key Highlights
- Two‑unit duplex at 48 Maple St, Clarksville, TN 37042
- Major renovation completed approximately five years ago
- Updates include electrical, plumbing, roof, siding, insulation, walls, and flooring
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
$9,710
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
4.86%
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%
$194,200
$194.2K
Cap Rate 7%
$138,714
$138.7K
Cap Rate 9%
$107,889
$107.9K
Market Conditions
NOI Build-Up for 1,075 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
$14.8K $13.80/SF
− Vacancy
−$964 −$0.90/SF
EGI
$13.9K $12.90/SF
− OpEx
−$4.2K −$3.87/SF
NOI
$9.7K $9.03/SF
Area
Clarksville, TN
Vacancy
6.50%
Lease Rate
$13.80 /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%
$194,200
Cap Rate 7%
$138,714
Cap Rate 9%
$107,889
Alternative Uses
Best Use
Multifamily LT 5
$138.7K
$121.4K – $161.8K
NOI $9,710 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$123.9K
$108.4K – $144.5K
NOI $8,670 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$180.5K
$157.9K – $210.5K
NOI $12,632 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
408
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?
Duplex - Two residential units offer updated interiors and convenient access to Fort Campbell, Clarksville amenities, and Interstate 24.
Where is this duplex located?
The property is located at 48 Maple St Clarksville, TN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex at 48 Maple St, Clarksville, TN 37042; Major renovation completed approximately five years ago; Updates include electrical, plumbing, roof, siding, insulation, walls, and flooring
