Six-Unit All-Brick Apartment
New
For Sale
$699,900
344 Dupuis Dr, Clarksville, TN 37042
Fully occupied apartments offer two-bedroom layouts, full bathrooms, kitchens, and laundry hookups.
Property Size4,698 SF
Price / SF$148.98
Days on Market5
Property Features for 344 Dupuis Dr
General Information
Standard status
Active
Size
4,698 SF
Property subtype
Commercial
Occupancy
100%
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Additional Details
Furnished
No
Amenities
Shingle Roof
Building Details
Year Built
1996
Construction
brick
Tenancy
Multi
Listing Agency:
EVOLVE REAL ESTATE, LLC
(931) 436-0027
Listed By:
DESIREE MURPHY
Source:
Corcoran
Added: Aug 18
Changed: Aug 22
Last Checked: Aug 22 at 3:28AM
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 EVOLVE REAL ESTATE, LLC
Investment Insights
Based on property information with market context.
Built in 1996, this 4,698-square-foot all-brick apartment property contains six residences. Each unit offers two bedrooms, one full bathroom with a tub and shower combination, a full kitchen, and laundry hookups. The roof was replaced within the last five years, and the property has no HOA. All six units are currently rented.
The property is located at 344 Dupuis Dr in Clarksville, Tennessee, approximately 7 miles from Fort Campbell and less than 4 miles from Austin Peay State University and Downtown Clarksville. Shopping, dining, entertainment, and major employers are also identified in the surrounding area.
The property is located at 344 Dupuis Dr in Clarksville, Tennessee, approximately 7 miles from Fort Campbell and less than 4 miles from Austin Peay State University and Downtown Clarksville. Shopping, dining, entertainment, and major employers are also identified in the surrounding area.
Key Highlights
- Six‑unit apartment property with 4,698 SF of building area
- All six units are currently rented
- Each unit includes 2 bedrooms and 1 full bathroom
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
$37,890
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
5.41%
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%
$757,800
$757.8K
Cap Rate 7%
$541,286
$541.3K
Cap Rate 9%
$421,000
$421.0K
Market Conditions
NOI Build-Up for 4,698 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
$73.3K $15.60/SF
− Vacancy
−$4.4K −$0.94/SF
EGI
$68.9K $14.66/SF
− OpEx
−$31.0K −$6.60/SF
NOI
$37.9K $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 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%
$757,800
Cap Rate 7%
$541,286
Cap Rate 9%
$421,000
Alternative Uses
Best Use
Apartment 5plus
$541.3K
$473.6K – $631.5K
NOI $37,890 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$788.6K
$690.0K – $920.1K
NOI $55,203 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
448
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?
Apartment building - Fully occupied apartments offer two-bedroom layouts, full bathrooms, kitchens, and laundry hookups.
Where is this apartment building located?
The property is located at 344 Dupuis Dr Clarksville, TN.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Six‑unit apartment property with 4,698 SF of building area; All six units are currently rented; Each unit includes 2 bedrooms and 1 full bathroom
