Four-Unit Townhouse
For Sale
$550,000
500 Patriot Park Ct, Clarksville, TN 37042
Townhouse-style configuration includes four residential units with an established rental history.
Property Size4,140 SF
Price / SF$132.85
Days on Market72
Property Features for 500 Patriot Park Ct
General Information
Standard status
Active
Size
4,140 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Building Details
Year Built
2009
Buildings
1
Listing Agency:
Byers & Harvey Inc.
Listed By:
Sydney B. Hedrick · License #286039
(931) 647-3501
Source:
Shearonsellsteam
Added: Aug 4
Changed: Sep 15
Last Checked: Oct 7 at 3:56PM
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 Byers & Harvey Inc.
Investment Insights
Based on property information with market context.
This 4,140-square-foot quadplex contains four residential units in a townhouse-style building. Constructed in 2009, the property has an established rental history and has been managed directly by its original owner.
The building is located at 500 Patriot Park Ct in Clarksville, Tennessee, within ZIP code 37042. Its four-unit configuration offers a clearly defined residential income property format in a single building.
The building is located at 500 Patriot Park Ct in Clarksville, Tennessee, within ZIP code 37042. Its four-unit configuration offers a clearly defined residential income property format in a single building.
Key Highlights
- Four residential units in a townhouse‑style building
- 4,140 square feet of property area
- Built in 2009
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,393
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,860
$747.9K
Cap Rate 7%
$534,186
$534.2K
Cap Rate 9%
$415,478
$415.5K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$57.1K $13.80/SF
− Vacancy
−$3.7K −$0.90/SF
EGI
$53.4K $12.90/SF
− OpEx
−$16.0K −$3.87/SF
NOI
$37.4K $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%
$747,860
Cap Rate 7%
$534,186
Cap Rate 9%
$415,478
Alternative Uses
Best Use
Multifamily LT 5
$534.2K
$467.4K – $623.2K
NOI $37,393 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$477.0K
$417.4K – $556.5K
NOI $33,390 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$695.0K
$608.1K – $810.8K
NOI $48,647 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
153
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
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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 - Townhouse-style configuration includes four residential units with an established rental history.
Where is this quadplex located?
The property is located at 500 Patriot Park Ct 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: Four residential units in a townhouse‑style building; 4,140 square feet of property area; Built in 2009
