Two-Unit
For Sale
$299,000
530 Martin St, Clarksville, TN 37040
Both residences are currently leased, with occupants in place for more than two decades.
Property Size1,800 SF
Price / SF$166.11
Days on Market47
Property Features for 530 Martin St
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3 bed 1 bath
Multifamily Units
2
Building Details
Year Built
1985
Listing Agency:
Due South Realty, LLC
Listed By:
John Smith · License #346907
(931) 624-9522
Source:
Fykesrealtygroup
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 7 at 12:53PM
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 Due South Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with three bedrooms and one bathroom. The property provides 1,800 square feet of total space and was constructed in 1985.
Both units are currently rented, and each resident has occupied the property for more than 20 years. The existing two-unit configuration offers a straightforward residential income property profile.
Both units are currently rented, and each resident has occupied the property for more than 20 years. The existing two-unit configuration offers a straightforward residential income property profile.
Key Highlights
- Two‑unit duplex configuration
- Each unit includes 3 bedrooms and 1 bathroom
- 1,800 SF of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,258
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,160
$325.2K
Cap Rate 7%
$232,257
$232.3K
Cap Rate 9%
$180,644
$180.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$24.8K $13.80/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$23.2K $12.90/SF
− OpEx
−$7.0K −$3.87/SF
NOI
$16.3K $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%
$325,160
Cap Rate 7%
$232,257
Cap Rate 9%
$180,644
Alternative Uses
Best Use
Multifamily LT 5
$232.3K
$203.2K – $271.0K
NOI $16,258 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$302.2K
$264.4K – $352.5K
NOI $21,151 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,423
Businesses Nearby
Explore this area
Business Placement
Demographics for 37040, TN
60,382
Population
24,628
Households
2.5
Avg Household Size
31
Median Age
30%
College-Educated
94%
High-School Grad
92.8 sq mi
ZIP Area
651
Density / Sq Mi
$65,331
Median Household Income
$40,621
Median Earnings
$1,177
Median Rent
$242,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently leased, with occupants in place for more than two decades.
Where is this duplex located?
The property is located at 530 Martin St Clarksville, TN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit duplex configuration; Each unit includes 3 bedrooms and 1 bathroom; 1,800 SF of total property size
