4-Unit Quadplex Under
338 Cedar Ct, Clarksville, TN 37042
For Sale
$869,900
R-4 zoning and a cul-de-sac location accompany a four-unit residential project with construction still to be completed.
Property Size5,452 SF
Price / SF$159.56
Days on Market50
Property Features for 338 Cedar Ct
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Southern Realty
(931) 647-3600
Listed By:
Eric A. Boyd
(931) 801-3718
Source:
Concordrealty
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 2:21PM
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 Coldwell Banker Southern Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2025 quadplex project comprises four individual units, each planned with 3 bedrooms, 2.5 bathrooms, and approximately 1,363 square feet. Construction is incomplete, leaving the remaining work to be completed. The property is zoned R-4 and sits at the end of a cul-de-sac in Clarksville, Tennessee.
Key Highlights
- Four units, each with 3 bedrooms, 2.5 bathrooms, and approximately 1,363 square feet
- Construction remains incomplete; project requires completion
- R‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,243
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,860
$984.9K
Cap Rate 7%
$703,471
$703.5K
Cap Rate 9%
$547,144
$547.1K
Market Conditions
NOI Build-Up for 5,452 SF
Gross rent
$75.2K $13.80/SF
− Vacancy
−$4.9K −$0.90/SF
EGI
$70.3K $12.90/SF
− OpEx
−$21.1K −$3.87/SF
NOI
$49.2K $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%
$984,860
Cap Rate 7%
$703,471
Cap Rate 9%
$547,144
Alternative Uses
Best Use
Multifamily LT 5
$703.5K
$615.5K – $820.7K
NOI $49,243 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$628.2K
$549.6K – $732.9K
NOI $43,971 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$915.2K
$800.8K – $1.07M
NOI $64,063 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
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
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
Frequently Asked Questions
What type of property is this?
Quadplex - R-4 zoning and a cul-de-sac location accompany a four-unit residential project with construction still to be completed.
Where is this quadplex located?
The property is located at 338 Cedar Ct Clarksville, TN.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: Four units, each with 3 bedrooms, 2.5 bathrooms, and approximately 1,363 square feet; Construction remains incomplete; project requires completion; R‑4 zoning
