Four-Unit
For Sale
$555,000
1630 Baltimore Dr, Clarksville, TN 37043
Each residence offers a two-bedroom layout with one-and-a-half baths.
Property Size4,140 SF
Price / SF$134.06
Days on Market8
Property Features for 1630 Baltimore Dr
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Building Details
Year Built
1990
Listing Agency:
Keystone Realty and Management
Listed By:
Melissa L. Crabtree 9318025466
(931) 378-9430
Source:
Midtnhomefinders
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 7 at 12:27PM
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 Keystone Realty and Management
Investment Insights
Based on property information with market context.
Built in 1990, this quadplex contains four residential units. Each unit has two bedrooms and one-and-a-half bathrooms.
Key Highlights
- Four residential units, each with two bedrooms and one‑and‑a‑half baths
- Built in 1990
- Located at 1630 Baltimore Dr, Clarksville, TN 37043
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,393
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,860
$747.9K
Cap Rate 7%
$534,186
$534.2K
Cap Rate 9%
$415,478
$415.5K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$57.1K $13.80/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$53.4K $12.90/SF
− OpEx
−$16.0K −$3.87/SF
NOI
$37.4K $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 Rate 5%
$747,860
Cap Rate 7%
$534,186
Cap Rate 9%
$415,478
Alternative Uses
Best Use
Multifamily LT 5
$534.2K
$467.4K – $623.2K
NOI $37,393 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$477.0K
$417.4K – $556.5K
NOI $33,390 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$695.0K
$608.1K – $810.8K
NOI $48,647 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Explore this area
Business Placement
Demographics for 37043, TN
52,792
Population
22,221
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
97%
High-School Grad
108.5 sq mi
ZIP Area
487
Density / Sq Mi
$91,871
Median Household Income
$46,602
Median Earnings
$1,208
Median Rent
$325,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom layout with one-and-a-half baths.
Where is this quadplex located?
The property is located at 1630 Baltimore Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Four residential units, each with two bedrooms and one‑and‑a‑half baths; Built in 1990; Located at 1630 Baltimore Dr, Clarksville, TN 37043
