Sunset Village HAP
For Sale
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151 Wallace Blvd, Clarksville, TN 37042
Apartment community with 64 units supported by a long-term Housing Assistance Payment contract and recently completed capital improvements.
Property Size46,600 SF
Days on Market12
Property Features for 151 Wallace Blvd
General Information
Standard status
Active
Size
46,600 SF
Total Parking Spaces
80
Property subtype
Multifamily
Zoning
Not specified
Occupancy
94%
Investment Type
Stabilized
Net Operating Income
$365,673
Additional Details
Multifamily Units
64
Building Details
Year Built
1983
Buildings
9
Stories
2
Units
64
Tenancy
Multi
Listing Agency:
Northmarq - Tulsa
Listed By:
Jordan Arand · License #360776
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 8 at 10:25AM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
Sunset Village is a 64-unit apartment community totaling 46,600 square feet. Built in 1983, the property operates under a long-term Housing Assistance Payment contract. An OCAF rent adjustment of approximately 4.9% is effective November 1, 2026, and recently completed capital improvements are in place.
The community is located at 151 Wallace Blvd in Clarksville, Tennessee, along the Fort Campbell Boulevard retail corridor. Fort Campbell and Austin Peay State University are minutes away. Clarksville has added more than 18,000 residents over the past three years, while major announced investments include Korea Zinc’s $6.6 billion smelter project and T.RAD North America’s $90.2 million manufacturing facility.
The community is located at 151 Wallace Blvd in Clarksville, Tennessee, along the Fort Campbell Boulevard retail corridor. Fort Campbell and Austin Peay State University are minutes away. Clarksville has added more than 18,000 residents over the past three years, while major announced investments include Korea Zinc’s $6.6 billion smelter project and T.RAD North America’s $90.2 million manufacturing facility.
Key Highlights
- 64‑unit apartment community totaling 46,600 square feet
- Long‑term Housing Assistance Payment contract in place
- OCAF rent adjustment of approximately 4.9% effective November 1, 2026
Property Analytics
Current Use
Lease Details
64
Residential units
Location Intelligence
Trade Area within ½ mile
348
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment community with 64 units supported by a long-term Housing Assistance Payment contract and recently completed capital improvements.
Where is this apartment building located?
The property is located at 151 Wallace Blvd Clarksville, TN.
What are key features of this property?
This property features: 64‑unit apartment community totaling 46,600 square feet; Long‑term Housing Assistance Payment contract in place; OCAF rent adjustment of approximately 4.9% effective November 1, 2026
