Six-Unit Apartment
For Sale
$831,000
537 Peachers Ridge Rd, Clarksville, TN 37042
Fully occupied multifamily property with convenient access to shopping, dining, schools, and major commuter routes.
Property Size6,180 SF
Price / SF$134.47
Days on Market75
Property Features for 537 Peachers Ridge Rd
General Information
Standard status
Active
Size
6,180 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Year Built
2012
Listing Agency:
Byers & Harvey Inc.
Listed By:
Sydney B. Hedrick · License #286039
(931) 647-3501
Source:
Shearonsellsteam
Added: Aug 1
Changed: Oct 7
Last Checked: Oct 7 at 4:06PM
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.
Built in 2012, this apartment property contains six units within approximately 6,180 square feet. All units are currently rented, providing an occupied multifamily configuration for an owner seeking an established income-producing asset.
The property is located at 537 Peachers Ridge Rd in Clarksville, Tennessee, with access to nearby shopping, dining, schools, and major commuter routes. Tenant privacy is requested, with showings arranged in advance.
The property is located at 537 Peachers Ridge Rd in Clarksville, Tennessee, with access to nearby shopping, dining, schools, and major commuter routes. Tenant privacy is requested, with showings arranged in advance.
Key Highlights
- Six‑unit apartment property
- All 6 units currently rented
- 6,180 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,843
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,860
$996.9K
Cap Rate 7%
$712,043
$712.0K
Cap Rate 9%
$553,811
$553.8K
Market Conditions
NOI Build-Up for 6,180 SF
Gross rent
$96.4K $15.60/SF
− Vacancy
−$5.8K −$0.94/SF
EGI
$90.6K $14.66/SF
− OpEx
−$40.8K −$6.60/SF
NOI
$49.8K $8.07/SF
Area
Clarksville, TN
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$996,860
Cap Rate 7%
$712,043
Cap Rate 9%
$553,811
Alternative Uses
Best Use
Apartment 5plus
$712.0K
$623.0K – $830.7K
NOI $49,843 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$907.7K – $1.21M
NOI $72,617 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
187
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?
Apartment building - Fully occupied multifamily property with convenient access to shopping, dining, schools, and major commuter routes.
Where is this apartment building located?
The property is located at 537 Peachers Ridge Rd Clarksville, TN.
What is the asking price?
The asking price for this property is $831,000.
What are key features of this property?
This property features: Six‑unit apartment property; All 6 units currently rented; 6,180 square feet of total property size
