Modern Quadplex with Private Back
For Sale
$1,115,000
500 Peachers Mill Rd, Clarksville, TN 37042
Four-unit quadplex built in 2024 with private back decks, an oversized rear garage, and direct unit access.
Days on Market22
Property Features for 500 Peachers Mill Rd
General Information
Standard status
Active
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Building Details
Building Size
8,320 SF
Year Built
2024
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Coldwell Banker Conroy, Marable & Holleman
(931) 221-9588
Listed By:
Zac Webster
(931) 221-9588
Source:
Spotlightproperties
Added: Jul 10
Changed: Jul 30
Last Checked: Jul 31 at 12:43PM
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 Conroy, Marable & Holleman
Investment Insights
Based on property information with market context.
Built in 2024, this well-designed quadplex offers four spacious units with private outdoor space. Two end units feature three bedrooms and 2.5 bathrooms, each with approximately 1,835 square feet. The two interior units offer two bedrooms and 2.5 bathrooms, each with approximately 1,450 square feet. Every unit includes a private back deck off the kitchen, creating a dedicated spot to relax or entertain.
The lower-maintenance exterior combines brick on the sides with brick and Hardie board on the front. Interiors include durable luxury vinyl plank (LVP) flooring in the main living areas and bathrooms, with carpet in the bedrooms and stairs. Kitchens are finished with granite countertops and stainless steel appliances. An oversized one-car garage is located at the rear of the building and provides direct access into each unit. The lower level includes a versatile bonus room that can be used as a home office, playroom, guest space, or additional living area.
The HOA covers lawn care, exterior and roof maintenance, insurance for the building exterior and common areas, and contributions to the reserve account. The property is conveniently located just minutes from downtown Clarksville, Fort Campbell, and I-24, supporting easy commuter access while maintaining a comfortable, low-maintenance lifestyle.
The lower-maintenance exterior combines brick on the sides with brick and Hardie board on the front. Interiors include durable luxury vinyl plank (LVP) flooring in the main living areas and bathrooms, with carpet in the bedrooms and stairs. Kitchens are finished with granite countertops and stainless steel appliances. An oversized one-car garage is located at the rear of the building and provides direct access into each unit. The lower level includes a versatile bonus room that can be used as a home office, playroom, guest space, or additional living area.
The HOA covers lawn care, exterior and roof maintenance, insurance for the building exterior and common areas, and contributions to the reserve account. The property is conveniently located just minutes from downtown Clarksville, Fort Campbell, and I-24, supporting easy commuter access while maintaining a comfortable, low-maintenance lifestyle.
Key Highlights
- Built in 2024 quadplex with four units and private back decks off each kitchen
- End units: 3 bedrooms and 2.5 bathrooms, each with approximately 1,835 SF
- Interior units: 2 bedrooms and 2.5 bathrooms, each with approximately 1,450 SF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $13.80 |
| − Vacancy | −$7.5k | −$0.90 |
| EGI | $107.4k | $12.90 |
| − OpEx | −$32.2k | −$3.87 |
| NOI | $75.1k | $9.03 |
8,320 SF · lease $13.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$939.3K – $1.25M
NOI $75,147 @ 7.0% cap · market cap 6.74%
Second Best
Apartment 5plus
$958.6K
$838.8K – $1.12M
NOI $67,102 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,763 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
164
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit quadplex built in 2024 with private back decks, an oversized rear garage, and direct unit access.
Where is this quadplex located?
The property is located at 500 Peachers Mill Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $1,115,000.
What are key features of this property?
This property features: Built in 2024 quadplex with four units and private back decks off each kitchen; End units: 3 bedrooms and 2.5 bathrooms, each with approximately 1,835 SF; Interior units: 2 bedrooms and 2.5 bathrooms, each with approximately 1,450 SF
