New Construction 10-Unit Apartment
For Sale
$1,800,000
329 Cedar Ct, Clarksville, TN 37042
Completed residences feature two-level layouts, two bedrooms, and two full bathrooms per unit.
Property Size9,840 SF
Price / SF$182.93
Days on Market86
Property Features for 329 Cedar Ct
General Information
Standard status
Active
Size
9,840 SF
Property subtype
Multi-Family
Building Details
Year Built
2025
Listing Agency:
Keller Williams Realty
Listed By:
Karen Blick, Johnathan Wyatt Blick · License #336095
(931) 237-1830
Source:
Fykesrealtygroup
Added: Jul 21
Changed: Oct 2
Last Checked: Oct 7 at 1:03PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Completed in 2025, this 10-unit apartment property contains 9,840 square feet of residential space. Each residence is arranged across two levels with two bedrooms, walk-in closets, and two full bathrooms. The main floor includes a private bedroom with an adjoining full bath, while the upper level provides a common area, second bedroom, and additional full bath.
All units are finished and available, with a 1-year builder warranty covering the new construction. The property is located at 329 Cedar Ct in Clarksville, Tennessee, just minutes from downtown and within a designated opportunity zone. Its condominium configuration and completed condition support both individual unit occupancy and rental operations, as described for the property.
All units are finished and available, with a 1-year builder warranty covering the new construction. The property is located at 329 Cedar Ct in Clarksville, Tennessee, just minutes from downtown and within a designated opportunity zone. Its condominium configuration and completed condition support both individual unit occupancy and rental operations, as described for the property.
Key Highlights
- 10‑unit apartment property with 9,840 square feet
- Built in 2025 with all units finished and available
- Two‑level residences with two bedrooms and two full bathrooms each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,362
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,240
$1.6M
Cap Rate 7%
$1,133,743
$1.1M
Cap Rate 9%
$881,800
$881.8K
Market Conditions
NOI Build-Up for 9,840 SF
Gross rent
$153.5K $15.60/SF
− Vacancy
−$9.2K −$0.94/SF
EGI
$144.3K $14.66/SF
− OpEx
−$64.9K −$6.60/SF
NOI
$79.4K $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%
$1,587,240
Cap Rate 7%
$1,133,743
Cap Rate 9%
$881,800
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.0K – $1.32M
NOI $79,362 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,624 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
379
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Completed residences feature two-level layouts, two bedrooms, and two full bathrooms per unit.
Where is this apartment building located?
The property is located at 329 Cedar Ct Clarksville, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 10‑unit apartment property with 9,840 square feet; Built in 2025 with all units finished and available; Two‑level residences with two bedrooms and two full bathrooms each
