Renovated Quadplex
For Sale
$555,000
460 Martha Ln, Clarksville, TN 37043
Four leased townhome-style units feature two bedrooms, one-and-a-half baths, and individual laundry connections.
Property Size3,944 SF
Price / SF$140.72
Days on Market58
Property Features for 460 Martha Ln
General Information
Standard status
Active
Size
3,944 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
4 x 2BR/1.5BA
Multifamily Units
4
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
Weichert, Realtors - Home Pros
Listed By:
Kriste Simmons
(931) 561-1103
Source:
Shearonsellsteam
Added: Aug 11
Changed: Oct 5
Last Checked: Oct 5 at 7:56PM
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 Weichert, Realtors - Home Pros
Investment Insights
Based on property information with market context.
This recently renovated quadplex contains four townhome-style residences, each arranged with two bedrooms and one-and-a-half bathrooms. The main level includes a living room with vinyl flooring, an eat-in kitchen, a half bath, and utility storage. Kitchens are equipped with a stove, refrigerator, and dishwasher. Washer and dryer connections are provided in a second utility closet.
Bedrooms are located upstairs alongside a full bathroom with a shower and tub combination and a single-sink vanity. All four residences are leased, and the property is located at 460 Martha Ln in Clarksville, TN.
Bedrooms are located upstairs alongside a full bathroom with a shower and tub combination and a single-sink vanity. All four residences are leased, and the property is located at 460 Martha Ln in Clarksville, TN.
Key Highlights
- Recently renovated quadplex with four townhome‑style residences
- All units are fully leased
- Each residence includes 2 bedrooms and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,623
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,460
$712.5K
Cap Rate 7%
$508,900
$508.9K
Cap Rate 9%
$395,811
$395.8K
Market Conditions
NOI Build-Up for 3,944 SF
Gross rent
$54.4K $13.80/SF
− Vacancy
−$3.5K −$0.90/SF
EGI
$50.9K $12.90/SF
− OpEx
−$15.3K −$3.87/SF
NOI
$35.6K $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%
$712,460
Cap Rate 7%
$508,900
Cap Rate 9%
$395,811
Alternative Uses
Best Use
Multifamily LT 5
$508.9K
$445.3K – $593.7K
NOI $35,623 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$454.4K
$397.6K – $530.2K
NOI $31,809 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$662.1K
$579.3K – $772.4K
NOI $46,344 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
Explore this area
Business Placement
Demographics for 37043, TN
52,792
Population
22,221
Households
2.4
Avg Household Size
37
Median Age
43%
College-Educated
97%
High-School Grad
108.5 sq mi
ZIP Area
487
Density / Sq Mi
$91,871
Median Household Income
$46,602
Median Earnings
$1,208
Median Rent
$325,400
Median Home Value
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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?
Quadplex - Four leased townhome-style units feature two bedrooms, one-and-a-half baths, and individual laundry connections.
Where is this quadplex located?
The property is located at 460 Martha Ln Clarksville, TN.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Recently renovated quadplex with four townhome‑style residences; All units are fully leased; Each residence includes 2 bedrooms and 1.5 bathrooms
