Four-Unit Apartment
New
For Sale
$275,000
203 Beech St, Clarksville, TN 37042
Three units have washer/dryer hookups, while two are currently rented.
Property Size1,968 SF
Lot Size0.25 Acres
Price / SF$139.74
Days on Market2
Property Features for 203 Beech St
General Information
Standard status
Active
Size
1,968 SF
Lot size
0.25 Acres
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Amenities
washer/dryer hookups
Building Details
Year Built
1980
Listing Agency:
Hive Nashville LLC
(615) 613-4461
Listed By:
Michael Gomez · License #RTC35246
Source:
Thehuffakergroup
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 3:59AM
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 Hive Nashville LLC
Investment Insights
Based on property information with market context.
This quadplex at 203 Beech St in Clarksville, TN, contains four one-bedroom, one-bathroom units within 1,968 square feet. The property was built in 1980 and occupies a 0.25-acre lot. Three units have washer/dryer hookups, providing an in-unit laundry connection for residents.
Two units are currently rented, giving the property an existing occupancy component. The four-unit configuration and consistent one-bedroom, one-bathroom layout provide a straightforward multifamily format for ownership and management. Buyer to verify all information, and tenants are not to be disturbed.
Two units are currently rented, giving the property an existing occupancy component. The four-unit configuration and consistent one-bedroom, one-bathroom layout provide a straightforward multifamily format for ownership and management. Buyer to verify all information, and tenants are not to be disturbed.
Key Highlights
- Four one‑bedroom, one‑bathroom units
- 1,968 square feet on a 0.25‑acre lot
- Three units include washer/dryer hookups
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
$17,775
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
6.46%
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%
$355,500
$355.5K
Cap Rate 7%
$253,929
$253.9K
Cap Rate 9%
$197,500
$197.5K
Market Conditions
NOI Build-Up for 1,968 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
$27.2K $13.80/SF
− Vacancy
−$1.8K −$0.90/SF
EGI
$25.4K $12.90/SF
− OpEx
−$7.6K −$3.87/SF
NOI
$17.8K $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%
$355,500
Cap Rate 7%
$253,929
Cap Rate 9%
$197,500
Alternative Uses
Best Use
Multifamily LT 5
$253.9K
$222.2K – $296.3K
NOI $17,775 @ 7.0% cap · market cap 6.46%
Second Best
Apartment 5plus
$226.7K
$198.4K – $264.5K
NOI $15,872 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$330.4K
$289.1K – $385.4K
NOI $23,125 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
283
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Three units have washer/dryer hookups, while two are currently rented.
Where is this quadplex located?
The property is located at 203 Beech St Clarksville, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom units; 1,968 square feet on a 0.25‑acre lot; Three units include washer/dryer hookups
