Fourplex Rental
For Sale
$550,000
288 Northridge Dr, Clarksville, TN 37042
Offered only as a package with the property at 284 Northridge Dr.
Property Size3,584 SF
Price / SF$153.46
Days on Market8
Property Features for 288 Northridge Dr
General Information
Standard status
Active
Size
3,584 SF
Property subtype
Residential Income
Building Details
Year Built
1992
Listing Agency:
ClarksvilleHomeowner.com
Listed By:
Kyla Trainor 9104716227 · License #349344
(910) 471-6227
Source:
Homesmiddletn
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 28 at 9:00AM
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 ClarksvilleHomeowner.com
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Investment Insights
Based on property information with market context.
This fourplex contains 3,584 square feet and was built in 1992. The property is located at 288 Northridge Dr in Clarksville, Tennessee, and is offered only in combination with 284 Northridge Dr.
Shopping, dining, schools, and major roadways are identified among the nearby amenities and access points.
Shopping, dining, schools, and major roadways are identified among the nearby amenities and access points.
Key Highlights
- Fourplex with 3,584 square feet
- Built in 1992
- Package sale includes 284 Northridge Dr
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,371
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,420
$647.4K
Cap Rate 7%
$462,443
$462.4K
Cap Rate 9%
$359,678
$359.7K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$49.5K $13.80/SF
− Vacancy
−$3.2K −$0.90/SF
EGI
$46.2K $12.90/SF
− OpEx
−$13.9K −$3.87/SF
NOI
$32.4K $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%
$647,420
Cap Rate 7%
$462,443
Cap Rate 9%
$359,678
Alternative Uses
Best Use
Multifamily LT 5
$462.4K
$404.6K – $539.5K
NOI $32,371 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$412.9K
$361.3K – $481.8K
NOI $28,906 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$601.6K
$526.4K – $701.9K
NOI $42,113 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Offered only as a package with the property at 284 Northridge Dr.
Where is this quadplex located?
The property is located at 288 Northridge Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fourplex with 3,584 square feet; Built in 1992; Package sale includes 284 Northridge Dr
