16-Unit Townhome-Style Apartment
New
For Sale
$2,350,000
Pending
279b Harrier Ct, Clarksville, TN 37042
The R4-zoned property is fully occupied and sits near Fort Campbell and the Kentucky state line.
Property Size15,872 SF
Days on Market2
Property Features for 279b Harrier Ct
General Information
Standard status
Pending
Size
15,872 SF
Property subtype
Residential Income
Zoning
R4
Occupancy
100%
Units
Unit Mix
16 x 3BR/2BA
Multifamily Units
16
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$18,365
Amenities
Carpet,Vinyl
Yes
Individual,Electric Dryer Hookup,Washer Hookup
Assessor
15872
Square Feet
Appliances
Public
No
Building Details
Building Size
15,872 SF
Year Built
1992
Stories
2
Listing Agency:
(615) 235-9412
Listed By:
Pucho Martinez
Source:
Cadencerealtytn
Added: Oct 30
Last Checked: Oct 30 at 2:44PM
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 Pucho Martinez
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1992, this apartment property contains 16 residences totaling 15,872 square feet. Each unit has three bedrooms and two bathrooms, with an average area of approximately 1,400 square feet. The layouts span two levels in a townhome-style configuration, and the community is fully occupied.
The property is near Fort Campbell and the Kentucky state line, in the Clarksville/Fort Campbell area. Zoning is R4.
The property is near Fort Campbell and the Kentucky state line, in the Clarksville/Fort Campbell area. Zoning is R4.
Key Highlights
- 16‑unit apartment property with 15,872 square feet
- All residences have 3 bedrooms and 2 bathrooms
- Units average approximately 1,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,011
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,560,220
$2.6M
Cap Rate 7%
$1,828,729
$1.8M
Cap Rate 9%
$1,422,344
$1.4M
Market Conditions
NOI Build-Up for 15,872 SF
Gross rent
$247.6K $15.60/SF
− Vacancy
−$14.9K −$0.94/SF
EGI
$232.7K $14.66/SF
− OpEx
−$104.7K −$6.60/SF
NOI
$128.0K $8.07/SF
Area
Clarksville, TN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,560,220
Cap Rate 7%
$1,828,729
Cap Rate 9%
$1,422,344
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,011 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,502 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
16
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
222
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
Frequently Asked Questions
What type of property is this?
Apartment building - The R4-zoned property is fully occupied and sits near Fort Campbell and the Kentucky state line.
Where is this apartment building located?
The property is located at 279b Harrier Ct Clarksville, TN.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 16‑unit apartment property with 15,872 square feet; All residences have 3 bedrooms and 2 bathrooms; Units average approximately 1,400 square feet
