4-Unit Quadplex with
For Sale
$624,900
535F Lafayette Rd, Clarksville, TN 37042
All four residences offer three-bedroom layouts and are currently occupied.
Property Size4,792 SF
Price / SF$130.40
Days on Market8
Property Features for 535F Lafayette Rd
General Information
Standard status
Active
Size
4,792 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
R-4
Occupancy
100%
Units
Unit Mix
4 x 3BR/1.5BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,517
Amenities
garage
Building Details
Building Size
4,792 SF
Year Built
2007
Buildings
1
Stories
2
Units
4
Listing Agency:
Concord Realty
(931) 716-0330
Listed By:
Richard "Reasons" Garrett · License #322935
(931) 378-0500
Source:
Concordrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Concord Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this 4,792-square-foot quadplex contains four residences, each with three bedrooms and 1.5 baths. A garage is also part of the property, and the building is fully occupied. The site is zoned R-4.
Nearby destinations include Ft. Campbell, APSU, Kroger, Clarksville's Greenway, gyms, and coffee shops.
Nearby destinations include Ft. Campbell, APSU, Kroger, Clarksville's Greenway, gyms, and coffee shops.
Key Highlights
- Four units, each with 3 bedrooms and 1.5 baths
- 4,792 square feet; built in 2007
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,282
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,640
$865.6K
Cap Rate 7%
$618,314
$618.3K
Cap Rate 9%
$480,911
$480.9K
Market Conditions
NOI Build-Up for 4,792 SF
Gross rent
$66.1K $13.80/SF
− Vacancy
−$4.3K −$0.90/SF
EGI
$61.8K $12.90/SF
− OpEx
−$18.5K −$3.87/SF
NOI
$43.3K $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%
$865,640
Cap Rate 7%
$618,314
Cap Rate 9%
$480,911
Alternative Uses
Best Use
Multifamily LT 5
$618.3K
$541.0K – $721.4K
NOI $43,282 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$804.4K
$703.9K – $938.5K
NOI $56,308 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
243
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
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences offer three-bedroom layouts and are currently occupied.
Where is this quadplex located?
The property is located at 535F Lafayette Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 1.5 baths; 4,792 square feet; built in 2007; 100% occupied
